When To Start A One-product Shopify Store
A one-product dropshipping store has several benefits compared to a general dropshipping
Like for example, you can just focus all your energy and capital on just one product instead of making expenses on few products for a number of days.
So with this being said, you might wonder if you should ditch the idea of a general store to save yourself from the cost.
Although a one-product dropshipping store could boost your business’ profits, it is not recommended for beginners because it poses a lot of problems.
An obvious issue here is what if that one product didn’t sell?
So you might also be asking when the right time to begin this form of dropshipping business is.
If this is your question, then you have come to the right place!
In today’s blog, I will help you determine when to start a one-product Shopify store that can skyrocket your profits.
So with any further delays, let’s begin…
When to start a one-product Shopify store?
For startups, it is advisable that you begin your dropshipping business as a general store. You can transition to one product only if you already have your bestsellers.
As mentioned, many problematic instances can occur if you start immediately with a one-product store.
Your main task as a general store should be to test new products daily and find your winning products, to begin with.
This process may take a very long time before you find the one product that can help you boost your profits. But once you do, such a product can work wonders and help your business gain traction.
So when this happens, does it mean that you can now establish your one-product store?
Well, the answer is no.
The sale must be consistent before your dropshipping business can transition.
And an excellent determination when to start a one-product Shopify store and whether you can begin planning on the business shift is—
One of your bestsellers is earning over $50,000
The sale is consistent even if the products already plateaued
In addition, you may still want to maintain your general store after establishing the one-product store.
And the reason why you may have to do this is for one obvious reason, and that is to maximize your profits.
Imagine if two of your stores are earning at least $10,000 each daily, then that would give you about $20,000 in a day!
So that’s how dropshipping can be profitable. If you know the proper techniques, then your chances of succeeding are very high.
If you’re looking for guidance, then you can check out my 1-on-1 mentorship program, and I’d be more than happy to help you take your business to the next level!
So yes, I believe we’ve tackled sufficient grounds here!
I hope today’s topic has provided you valuable information about when to start a one-product dropshipping store.
Of course, it’s going to take time before you can begin the business transition.
But be patient; in due time, you start with your new online store and begin doubling your profits.
That’s just about it!
Thank you for the time!
I hope to see you on the following topics!
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