I really liked your comment regarding people only posting photos of their sales profit but not disclosing their actual profit. So true and I’m glad someone finally pointed that out
How to Enter Consultation giveaway: 🎓 1. Subscribe to my channel 2. Like the video 3. Comment "TAKEOVER2019 WINNER will be announced on the next-next video good luck guys!
If I can add: Our marketing director long long ago said to us when I worked at a bank was, someone who is looking to buy something would pay for something at $29.99 instead of $30.00, for some reason, customers feel that they are getting a bargain even for a penny less! Keep the vids coming! see you on FB!
By far, I am loving your trainings over most. You go into all angles of what I would need to know and understand, and I work really well with that sort of explaining! Thank you!
Thanks Kamil for this very informative video. I am advertising a product you mentioned in a monthly 10 products to sell on my survival niched store. I already sold a couple of it at the time my store was a general one. Now I turned it into a niche store. My ads are at $5 a day, running since 3 days, CPM ; 3,79€ , CTR ; 2,10% , CPC ; 0,18€ , 47 clics on the link. I presume the reason why no one puts it the cart and buy it is the price ? I try to lower it but still keep a decent margin and will see the results.
Hi man, I have a question. You talk about raising price of your product with $1 if sales are going well but the higher your price, the lower your total sales MIGHT be. For example: You sell 50 products(basketball) for $14,99, you decide to raise price to $15,99. If you decide to raise price or you don't, you have 2 possible outcomes. A: Keep selling your product at $14,99 and got 25 more sales B: Selling at your new price $15,99 and got 20 more sales. A: Total sales is $374,75 ($14,99 x 25) B: Total sales is $319,80 ($15,99 x 20) Or people will buy as many products with the new price as with the old price? Tell me if I am wrong! It is just something I question myself. I really appreciate your FREE courses! Thanks a lot mate! Brent
While I appreciate that the pricing formula you talked about would work well for a lot of niches, I found it didn't really work well with the nail art niche. So I'm taking the approach of looking at my competitors' pricing and then either slightly undercutting or price matching, knowing full well that customers in the UK know what kind of prices products should cost. Most sellers in the UK are selling from wholesale stock, but most prices allow for profit - as long as I achieve a high AOV and sales volume. Needless to say, I will only dropship where it makes sense, and I'll be looking at wholesale for the bestsellers.
I pretty much do that x2 but i do it backwards lol..i take my prices that i wanna sell it say £50, £45, £40 etc take off my discount code and my shopify fee x0.978 minus 20p then divide it by 2 and write down the stock prices for them amounts and then Match products up to my conversion list 🙂 I thought about using my cost per conversion to work out prices too
Hi Kam, I love your channel. I always get value. I'm a new dropshipping grandmother, I'd love a free consult (i visualize talking w you daily). I know this video was made a while ago and I'll still say Take Over 19, I feel sure, we will talk soon. Thank you for making videos for beginners like myself.
Its not true: when you buy a product for 15 dollars , u must at least sell it for 2.5x , you have to pay fees and fb ads cost per purchase lets say 10 dollar :)
If you're struggling or just need help to get to the next stage, book a 1-1 consultation with me here → www.e-commercementoring.com/consultation-calls
Excellent. Thanks
I really liked your comment regarding people only posting photos of their sales profit but not
disclosing their actual profit. So true and I’m glad someone finally pointed that out
How to Enter Consultation giveaway:
🎓
1. Subscribe to my channel
2. Like the video
3. Comment "TAKEOVER2019
WINNER will be announced on the next-next video good luck guys!
If I can add: Our marketing director long long ago said to us when I worked at a bank was, someone who is looking to buy something would pay for something at $29.99 instead of $30.00, for some reason, customers feel that they are getting a bargain even for a penny less! Keep the vids coming! see you on FB!
Watching in 2021, you have accuracy on my buying behavior.
Is it just me who noticed how flawless kamil's skin looks? 😭 And of course GREAT CONTENT! ALWAYS!!
By far, I am loving your trainings over most. You go into all angles of what I would need to know and understand, and I work really well with that sort of explaining! Thank you!
I'm just starting to build my store and I learn things before it happens thank you so much.
Me too. Blessings and Good fortune to us both!
How it goin homie
Watching this in 2021 as I'm really struggling with my store as a newbie...must say excellent tips! Thanks :)
Hi Diya, I need your help in this matter
Thanks for the great video and tips just what I needed.
this video is MASSIVE absolutely great, youre awesome man
Thanks Kamil for this very informative video. I am advertising a product you mentioned in a monthly 10 products to sell on my survival niched store. I already sold a couple of it at the time my store was a general one. Now I turned it into a niche store. My ads are at $5 a day, running since 3 days, CPM ; 3,79€ , CTR ; 2,10% , CPC ; 0,18€ , 47 clics on the link. I presume the reason why no one puts it the cart and buy it is the price ? I try to lower it but still keep a decent margin and will see the results.
Brilliant video, this was one of my questions (pricing) to ask you before you answered it in this video! Takeover 2019
Hi man,
I have a question.
You talk about raising price of your product with $1 if sales are going well but the higher your price, the lower your total sales MIGHT be.
For example: You sell 50 products(basketball) for $14,99, you decide to raise price to $15,99.
If you decide to raise price or you don't, you have 2 possible outcomes.
A: Keep selling your product at $14,99 and got 25 more sales
B: Selling at your new price $15,99 and got 20 more sales.
A: Total sales is $374,75 ($14,99 x 25)
B: Total sales is $319,80 ($15,99 x 20)
Or people will buy as many products with the new price as with the old price?
Tell me if I am wrong! It is just something I question myself.
I really appreciate your FREE courses!
Thanks a lot mate!
Brent
Hey great content. Question can start dropshipping to like 4 different countries or would it be best to start with one country?
Currently the thing I needed is right here.. Thanks Man for this valued Information
i would love seeing a video on effective product research methods and things to look at when considering if a product will work or not!
Don't worry that video is being made as we speak, it's going to be very in depth and different to what every other guru is telling you 💪🏽
This is why you’re the best!
Very informative video. Thanks so much!
no mention of pricing with shipping costs included??
Hi
Is shipping cost included to these prices?
did you find out?
Hi king, is it advisable to set the products quantity myself
While I appreciate that the pricing formula you talked about would work well for a lot of niches, I found it didn't really work well with the nail art niche. So I'm taking the approach of looking at my competitors' pricing and then either slightly undercutting or price matching, knowing full well that customers in the UK know what kind of prices products should cost. Most sellers in the UK are selling from wholesale stock, but most prices allow for profit - as long as I achieve a high AOV and sales volume. Needless to say, I will only dropship where it makes sense, and I'll be looking at wholesale for the bestsellers.
Does this pricing rule still work or theirs an updated video?
I pretty much do that x2 but i do it backwards lol..i take my prices that i wanna sell it say £50, £45, £40 etc take off my discount code and my shopify fee x0.978 minus 20p then divide it by 2 and write down the stock prices for them amounts and then Match products up to my conversion list 🙂
I thought about using my cost per conversion to work out prices too
What about PayPal fee?
Love it man! Take-Over-2019.
This helps so much. Thank you!
Thanks for the video. Is 2x enough ? Most people say you have to have a margin of your product cost x3.
Again, useful information, truth, I am changing the price now.
Hi Kam, I love your channel. I always get value. I'm a new dropshipping grandmother, I'd love a free consult (i visualize talking w you daily). I know this video was made a while ago and I'll still say Take Over 19, I feel sure, we will talk soon. Thank you for making videos for beginners like myself.
I'm trying to edit my prices but continuously says SERVER ERROR. Have watched nearly every video on the topic and still wont work. Help
included in shipping or not though or just the product price
Hi man thanks for the invaluable advice/content - do you still beleive in this pricing strategy in 2020?
Thank you, just what I needed.
Hi Kamil, what if we want to put our products on sale, that means the profit margin will drop drastically. What is your suggestion?
Incredible - Thanks so much.
Great content and super informative
and what about the shipping is it free shipping?
How do i include shipping in the price?
how do i import a inventory list from a dropshipper, Not alliexpress.
I love it!
Its not true: when you buy a product for 15 dollars , u must at least sell it for 2.5x , you have to pay fees and fb ads cost per purchase lets say 10 dollar :)
Thank you very helpful video.
Thank you I'm happy this has helped
Thanks so much man cool accent 🤙🏽
Is supplier cost inclusive of shipping fee?
starts at 1:45
Big help, I know what you mean about the difference $1 can make, I used to sell big on eBay.
Good on you Kamil
Is the supplier price including shipping?
shukr a bhrava hair cut te , hun vadia lgda
Good video, thanks a lot
THANK YOUUUU!!!!!!!
thank you soooo much!!
100 % great info
Wow this video was so helpful for me ! Thanks !!
Thanks for the great information, it's very helpful!!
value
Thanks bro!
No worries it's a pleasure ☺️
... the pricing formula does it include delivery charge already?? Takeover2019.
. subscription done..thank you for the advice!
I think you need to add Shipping cost also
how to add a product list from my own dropshipper to shopify
Thanks
Value bomb!
Good video!
Like great value 👍
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Thank you 👍🏼
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great videos great accent
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Good content
Bro love to ❤️❤️❤️
Thank you
value
Takeover2019. Wishing you all the best.
nice hair style
nice one
i have been following you.. i want to be mentored by you
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Fantastic, I'm really struggling how to target good audience in Saudi Arabia can you please help me out.
Thanks
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Br nice video
Not enough information
2019takeover
Short hair!! dammmmm
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Love the content man. Keep it up!!! Takeover2019
Thank you man I really do appreciate it
I'm glad your taking value!
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Really nice! Takeover2019 🐢
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does this formula still works?
No if I was you I would look into the “EcomLion” video “How to price dropshipping products”
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