Learn about our 6 tips for dropshipping with Aliexpress (with our special guest – Adrian Morrison).
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Council n. ° 1 for Dropshipping with Aliexpress and make more money: use the shortage to avoid that the clients pay attention to the prices and buy from you
One of the most common questions that we are asked here at Wholesale Ted is this:
"Why is the customer simply not going to Aliexpress and buying from there cheaper? Why would they buy the same item for a more expensive price?
This is a good question, and there are two answers to this:
1) Most people do not know what Aliexpress is. Because you are watching this video, you know what Aliexpress is and probably your group of friends. But most people in the world have not heard of the site. Your biggest competition is probably the people who are downloading it on Amazon.com (often for a loss). However, he can still make people buy him because …
2) If you use scarcity to create the illusion in your advertising copy and in the copy of your product page that you are receiving a limited time offer, you can encourage people to buy you without price, verifying the price of your product.
Tip # 2 for Dropshipping with Aliexpress and make more money: sell what other people are interested in
This advice comes from Adrian Morrison. When most people start doing dropshipping, they try to focus on niches in which they are interested. However, the niche that interests you is not the one that generates the most money. You need to investigate and find what products are in demand.
If you find products that people want, then marketing is easy, because all you need to do is place them in front of them, sophisticated advertising is not required.
Tip # 3 for Dropshipping with Aliexpress and make more money: choose the right provider according to your comments
In Aliexpress you will notice that there are several sellers that sell exactly the same item. So, a question that is often asked is this:
"How do I choose among Aliexpress merchants who sell exactly the same item?"
A good way to do this is to choose a provider based on comments. When you look at a provider, you will see that they will have feedback icons. There are three types of icons: medals, diamonds and crowns. They indicate the amount of comments that each provider has.
A good rule of thumb in choosing a provider to work with is choosing one that has between 3 diamonds and 3 crowns. This is the "ideal point". They have enough comments that they are an established and proven vendor. However, because they are not at the highest level of feedback scores, their prices are generally cheaper than suppliers with 4-5 crowns, so they can still compete with them for sales. We recommend that you stay away from suppliers with medals.
Tip # 4 for Dropshipping with Aliexpress and make more money: Use Facebook as your traffic source
Facebook is the easiest source of paid traffic: it's where everyone is, and Facebook has compiled a huge amount of data. This means that you can run small advertising campaigns (advertising budgets of $ 2-5) promoting products. Sometimes, you do not even need to use keyword targeting because of "Facebook Intelligence," Facebook's own internal algorithm that knows how to advertise products based on their own internal data.
Tip # 5 for Dropshipping with Aliexpress and make more money: negotiate with suppliers for lower prices
When you start making consistent sales (more than 50 units per week, approximately 7 per day), you can start negotiating with suppliers to get lower prices. Do not try to negotiate with suppliers until you have consistent sales, otherwise it will be considered rude and will damage your relationship with the supplier (reducing the chances of being given discounts in the future).
At the beginning, you will usually get a 5-10% discount. After a time of constantly selling at that price, you can come and ask for another discount. By doing this, you can gradually decrease the cost of the item as you get more discounts, increasing your profit margins.
If the provider does not offer you a discount, you can go to another and ask them to exceed the price of your current provider. Then you can go to your preferred provider with whom you have been working and ask him to exceed that price. You can go back / forth, which makes the merchants essentially become a bidding war.
As a novice, do not just work with a provider because they have the lowest price. Keep in mind that if you start making constant sales with a more expensive supplier that has more feedback, you can negotiate your price to compete with cheaper suppliers.
Tip # 6 for Dropshipping with Aliexpress and make more money: Use the free method + shipping to create viral ads
Everyone loves things for free. If you use the free + shipping method, your ads will attract many likes / comments / actions and potentially become viral. Then you can increase them to higher-priced items with higher profit margins.
Video credits to Wholesale Ted YouTube channel