As everyone is well aware, building up a successful dropshipping Ecommerce business isn’t something that just happens. It takes work. Unfortunately, about 99% of people will fail with Shopify and we would like to share the top 3 mistakes to avoid with Shopify. Let’s break down the top 3 mistakes so that you don’t become a part of that statistic.
1. Preparing For Failure From Day 1
A large portion of your success comes down to the approach you have when starting. Let’s be honest, starting your own company isn’t necessarily easy. But if you go into this process only focused on, “How long until I make money or get a positive *ROI?” then your mindset isn’t where it needs to be. You need to be going on this journey with an open-minded approach. Learning should be your leading focus, while money is the peripheral issue.
If you’re not failing, you’re not innovating. The average entrepreneur fails 3 times before achieving success. You shouldn’t expect to make sales from your first promotions. If you do then great, but as long as you don’t expect it you won’t be disappointed. If you become disappointed then your motivation will drop and you won’t be as optimistic as before.
2. Focus Ratio
For obvious reasons, people like to focus on the tasks that are easier to do. You would be surprised at just how big a mistake this can be for Shopify store owners.
Building the online store is often seen as an easier aspect, whereas getting customers to actually purchase is a bit more difficult.
Below is a simplified breakdown of what your time ratio should look like broken between sales, hot products, and store optimization.
• 50% on Sales: This includes launching new Facebook ads, looking at your Google analytics, and understanding your data.
• 25% on Hot Products: This focuses on assessing demand and ultimately finding a unique product that will keep customers’ attention.
• 25% on Store Optimization: This is where many people spend 80% of their time, which isn’t necessary. Apps like Timerly and RocketMessage make store optimization a much quicker and easier process.
3. Not Selling Hot Products
Unfortunately, this is extremely common. Even if you’re unsuccessful with sales, make sure that you’re successful with understanding your data and how the market works. Most people that fail with selling products on their Shopify store use their own emotions to make decisions on whether they should sell one product over another one when the truth is that the market is the only entity that can decide this.
We built HotProducts.io platform to help dropshippers achieve more success by sourcing the best selling products on the market and using a team of extremely qualified product researchers to provide hot products to our members every day for every niche.
For any entrepreneur, you will have a larger number of failures than winners. But if someone else can start a successful business, then so can you. No sustainable and scalable business is built overnight. Failing is not quitting, but quitting is failing. Continue learning, understand those successful marketing strategies, all while keeping a healthy mindset so that you can become a part of that successful 1%.
*ROI = Return on Investment