How I earned 11480€ in June by switching to Eurowholesale

I started dropshipping several years ago. In 2022 I have leveled up my business and have three people on my team. Our general focus is smart toys and gadgets. I have always been tech-savvy, so choosing this niche was logical when I started my dropshipping business.

Since starting my dropshipping journey till now, I have changed at least ten dropshipping suppliers. When I began, supply and demand were different. There weren’t many suppliers, but there was no dropshipping competition, and I could manipulate prices and the market.

Nowadays, it’s a different story. Many people started dropshipping, from bobby pins to furniture. In addition, many intermediaries showed up. Distinguishing between wholesalers and intermediaries is challenging.

As competition is tough, we are always searching for trending popular products that we can include in our product range.

Targeting the right audience and marketing is something we solely do. Finding the right product can be a tricky part.

Many things regarding the product depend on the supplier. Quality, quantity, shipping, and post-delivery treatment rely solely on our supplier.

If you're a beginner or struggle to make a profit, these are the most important thing to watch out for when choosing a supplier:

• Choose a supplier that guarantees stock information. You must find a reliable supplier because they become your global logistics operator. They manage all the products in stock, register orders, pick and prepare the packages, and coordinate shipping. Without knowing your stock, you won’t be able to scale your business correctly.
• Another thing that can affect your business is shipping. We worked with Chinese suppliers in the past, which affected our business. Shipping took more than 20 days. We were uncertain of the current location of a product. Products lost in transit, etc.
  With competition increasing every day, you must provide fast shipping. By having great shipping times, we secure our business growth.
• Choose a supplier who has competitive prices. You will have larger profit margins by working with a supplier and not an intermediary. To everyone, profit is one thing at the top of the list. You can make more money with a good supplier and give free shipping, discounts, freebies, etc.
• Payment options affected our dropshipping business as well. Working with many suppliers meant we could only offer prepaid payment options. Payment options with long shipping times were sometimes a recipe for disaster.
  Not everyone feels safe giving credit card information on the Internet for a product they haven't seen. Having PayPal as the only form of payment is expensive. A transfer is a very safe method but a slow one.
  Cash-on-delivery is a good payment option because customers feel safer paying upon delivery. Either way, partner with a supplier who will enable you to have more payment options.

Because we want to give our customers only the best in the shortest possible time, with the best shipping rates, we changed many wholesalers until we found the right one.

Nowadays, we partnered with a wholesaler based in Europe.

We have been working with them for three months. We are satisfied with their services, and in June we made 5239€.

Comparison and results

Looking at the results, and It’s not hard to conclude that wholesalers can be the key when doing dropshipping.

Results in one month when doing business with our previous wholesaler and Eurowholesale:

Conclusion

I always make an effort to optimize my dropshipping business. I have been doing this for a long time, so I know my marketing strategy.

Part of the business that I can’t influence is wholesalers. I had to change ten wholesalers to offer the best products, competitive prices, and reasonable shipping times. All that while making a profit.

Business is ever-changing, and I’m always finding ways to stay relevant. The last time I decided to change my wholesaler was three months ago.

Things that affected us to change our wholesaler previous time were:

• Not knowing available stock;
• Increased shipping fee and increase
  in product prices;
• Shipping taking too long;
• Inadequate payment options.

By switching to the new wholesaler, we managed to:

• Go from 257€ to 382€ on daily bases;
• Boost sales by 14%;
• Increase profit margin by 30%;
• Decrease return of products by 35%.