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🗣 In this episode of the Dropship Unlocked Podcast, hosts Lewis Smith and James Eardley delve into the world of dropshipping profitability. They discuss how running a business is not just about revenue but more importantly about maximising profits.
👉 Prefer to watch this on Youtube? Check it out here ➡️ https://youtu.be/9WsnUt973Sw?si=Ld_vriPPE05crgWa
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Topics Discussed:
★ Profit Margins Defined: Lewis and James clarify the difference between gross and net profit margins, highlighting their significance for dropshipping businesses.
★ Optimising Google Ads for Profit: They discuss bid strategies, such as 'Maximise Conversion Value' with a target return on ad spend, to ensure profitable campaigns.
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For Aspiring Business Owners or Side Hustle Seekers Based In the UK…
New Book Reveals How To Launch A Low-Maintenance High-Profit E-Commerce Business Using The UK "Home-Turf Advantage”…
While also enjoying more time with your family, being free to travel, and setting the hours you work.
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Key Takeaways:
★ Profit margins, both gross and net, are crucial for understanding a dropshipping business's financial health.
★ Factors such as supplier negotiations, order quantity, and profit margins play a significant role in dropshipping profitability.
★ Focusing on profit, not just revenue, is essential for long-term dropshipping success.
★ Optimising Google Ads for profit involves bid strategies like 'Maximise Conversion Value' with a target return on ad spend.
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★★★Dropship Unlocked - Lewis Smith★★★
How to Launch a UK Dropshipping Business Offering Next-Day Delivery...
...Even If You Don't Yet Know Which Products To Sell
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