How to Scale Your Drop Shipping Business

Dec 17, 2019

Are you trying to figure out how your company can handle increased fulfillment duties? What about resources to offer an expanded product assortment variety? Are they enough? Are you providing excellent customer service? Well, all these are questions key to the success of your drop shipping business. Let’s move forward to see how you can scale your business.

Drop Shipping Business

What is drop shipping? This is a business model associated with supply management developed to enable selling products over the internet. So, you don’t have to physically stock. Products are sold at a retail price, and someone else ships them to customers.

Any online retailer aims to effectively scale his/her business as revenue grows. If you’re already offering drop shipping services, your next step should be to scale up. Let’s see how you can scale your business:

  • Add Affiliates’ Products to Your Website: this can help with expanding your retail offerings.
  • Work With the Right High-Risk Processor in Your Field: with a true high-risk payment specialist like eMerchantBroker.com, you can not only scale your business but also keep it up and running. EMB specializes in the high risk space and offers exceptional payment processing solutions at the cheapest possible price.
  • Track Your Customers: this way, you can grow your sales and customer retention, as well as boost customer satisfaction.
  • Automate: automation will help you run your business more efficiently, so you and your staff can concentrate on things that are more important.
  • Improve Your Customer Service: for this, focus on better technical skills and understanding, eliminating language and accent barriers, providing more training your employees, and upgrading equipment.

Drop Shipping Isn’t Dead

Yes, drop shipping is still alive. Moreover, the last couple of years have brought huge success to this type of business model. So, lots of entrepreneurs in the field around the world started generating millions of dollars a result.

According to Jason Albanese, Centric Digital’s co-founder and CEO, scalable growth has to do with bringing together exponential revenue growth and incrementally increasing costs. Centric Digital is an intelligence platform measuring and comparing brands’ core digital footprints.

Another important thing is to make sure your suppliers can keep up, as you grow your drop shipping business and start processing an increased number of orders.

To sum up, drop shipping is a quite profitable business model. To make your business more successful and lucrative, get down to scaling it up.

Award winning.

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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