What is the Percentage for you to Succeed with Dropshipping?

 Hello all! The article is exclusively for the newbie drop shippers. Becoming successful in the field of dropshipping cannot happen overnight. It needs hard work, dedication, and most importantly, smart work. The journey of the beginner dropshippers goes like a roller-coaster. Inexperience in the field, and over-excitement can be a huddle for your business. 

There are no official figures produced that could determine the overall success rate of the dropshipping industry. However, as per the widespread opinion, dropshipping is not a get-rich-quick scheme. I am sure that it may seem like making easy money without a lot of sweat, meaning you sell the product to other people' and take an amount for yourself — but when the factors, drawbacks, obstacles, and day-to-day management affects your business, it's defiantly not a cakewalk. If you approach the right strategy, then you can break the challenges. 

In this highly competitive field with overly optimistic entrepreneurs, you must focus on the key elements to increase your percentage to succeed with dropshipping. The highest success rate of dropshippers is around 10 percent during the first year of operations. This is because several dropshippers dive into the business without understanding the possible risk factors. 

 If you cannot add value through quality information and guidance, the only thing you're left to compete on is the price. Have a solid plan for adding value to your targeted customers as it is the most crucial success factor. It's an essential factor for all businesses, but much more in the world of dropshipping. Most of the money in this market model is spent on advertisements because dropshippers rely on paid marketing efforts to sell their products. Focusing and creating an impactful SEO can turn up your rate of success.

Specialize in specific products and outstanding offering service can bring up new customers. For example, when you start providing the best and the most lightweight products for travelers. The product must be lightweight, waterproof, should be sturdy, and yet stylish. And offering them at a discounted price or with a free traveler gift hamper can attract a specific group of customers into your business.

There is always a common misconception that thriving entrepreneurs have a rock-solid certainty about their company. If you dive and see a little deeper, you'll find them as the most scared and reserved people. Yet, they moved forward with their plan and broke these doubts. Every dropshipper must have this personal quality to succeed in the market.