What’s this booklet about?
Our first book “Drop Shipping for Beginners” explained in detail the meaning of the term “drop shipping” and provided an easy-to-read introduction to the world of drop shipping. The purpose of this book is to go deeper in a few key areas of this type of business and provide knowledge that can be useful to anyone involved in it.
A drop shipping business can generate substantial profits if its founders have the required expertise. Otherwise, it will bring less profits and many opportunities to learn. If you would like to expand your understanding of drop shipping without the need to learn from your mistakes, you can rely on this book.
In the following sections, we provide practical recommendations on how to (i) create a drop shopping store, (ii) generate traffic to it, (iii) open a bank account, (iv) choose the right supplier, (v) select a payment provider, (vi) resolve frequent drop-shipping related problems, (vii) ensure tax compliance, and (viii) deal with customs procedures.
This book is aimed at business people. Therefore, it is written in a simple, concise, and easily navigable manner. Thus, future or existing drop shipping entrepreneurs will be able to quickly grasp the information provided herein and revert back to specific chapters of the book when needed. We hope you will find this book helpful!
By reading this book, you will learn to:
TABLE OF CONTENTS
2. CREATING AN ONLINE STORE
3. ATTRACTING ORGANIC TRAFFIC
- 3.1 Publishing high-quality content
- 3.2 Optimizing the metadata of your website
4. OPTIMIZING YOUR CONVERSION FUNNEL
5. FACEBOOK MARKETING FOR DROPSHIPPING STORES
- 5.1 The stages of Facebook advertising
- 5.2 How to target the right audience
- 5.2.1 Analyze all information related to your current customers
- 5.2.2 Find out what groups of people can benefit from your products or services
- 5.2.3 Check the customers of your competitors
6. PAYMENT METHODS FOR DROPSHIPPING STORES
- 6.1 Five criteria for choosing payment methods
- 6.2 A brief overview of the most commonly used payment methods
- 6.2.1 Credit and debit cards
- 6.2.2 Stripe
- 6.2.3 PayPal
- 6.2.4 2Checkout
- 6.2.5 Google Pay
- 6.2.6 Authorize.net
- 6.2.7 Apple Pay
- 6.2.8 WePay
- 6.2.9 Skrill
- 6.3 Payment methods for “high-risk” businesses
7. CRITERIA FOR CHOOSING BANKS FOR DROP SHIPPING BUSINESSES
- 7.1 Security
- 7.2 Low fees
- 7.3 Interest rates
- 7.4 Bank transfer limits
- 7.5 Comprehensive online banking services
- 7.6 Good reputation
8. COMMONLY USED DROP SHIPPING SUPPLIERS
- 8.1 AliExpress
- 8.2 SaleHoo
- 8.3 Wholesale Central
- 8.4 Spocket
- 8.5 InventorySource
- 8.6 Doba
- 8.7 Wholesale2B
- 8.8 Worldwide Brands
- 8.9 Sunrise Wholesale
- 8.10 National Dropshippers
- 8.11 Dropshipper.com
- 8.12 MegaGoods
- 8.13 OfficeCrave.com
- 8.14 uDroppy
9. SOLVING FREQUENT DROPSHIPPING-RELATED PROBLEMS
- 9.1 The ordered product is out of stock
- 9.2 There is a delay in the processing of the order
- 9.3 Your customer received a different product
- 9.4 Your supplier delivered more or less items
- 9.5 Your supplier charges you more than necessary
- 9.6 The ordered products were delivered to a wrong address
- 9.7 Your customer received damaged products
- 9.8 You received an invalid tracking code
10. VAT FOR DROPSHIPPING COMPANIES
- 10.1 When is VAT on drop shipping transactions due?
- 10.2 Who is responsible for collecting and paying VAT?
- 10.3 To what countries should VAT be paid?
- 10.4 Do drop shipping companies need to be VAT registered?
- 10.5 What are the “distance selling” thresholds?
- 10.6 What is the VAT One Stop Shop (MOSS)?
- 10.7 The legal requirements applicable to VAT invoices of drop shipping businesses
11. INCOME TAXATION FOR DROPSHIPPING COMPANIES
- 11.1 Where must a drop shipping company pay income taxes?
- 11.2 How to optimize income taxation?
- 11.2.1 Relocation
- 11.2.2 Reliance on double tax treaties
- 11.2.3 Tax-saving investments
12. EXCISE TAX
13. CUSTOMS PROCEDURES FOR DROP SHIPPING COMPANIES
- 13.1 An overview of customs procedures
- 13.2 Customs agents
- 13.3 Customs duties