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How to Sound Like and Become a Business Credit Expert

What can a business credit expert help you do?  What do you need to know to sound like or even become a business credit expert?  It’s not as simple as a Google search, that’s for sure. You need someone who really knows the secrets to nailing small business funding. 

Language is Impressive but Knowledge is the True Test of Being a Business Credit Expert

Use terms like tradelines, business credit reporting agencies, starter credit, credit line hybrid, EIN and more and you will have people thinking you are a business credit expert in no time.  The problem is, unless you actually have the knowledge to back up how you sound, you can’t really help people, or yourself.  Unless you are a business credit expert, you cannot guide people through the process of building business credit and using it properly. What do you need to know?  Everything.

Business Credit Expert: What is Business Credit?

First, a business credit expert has a true understanding of what business credit is.  Just having a credit card that calls itself a business card is not business credit. Business credit is credit under a company’s EIN. It has no association with the owner’s Social Security number. It is totally separate from personal credit, and therefore the business credit score can differ drastically from your personal credit score.

Check out our best webinar with its trustworthy list of seven vendors to help you build business credit.

This is credit in the business’s name and it is based on the business’s ability to pay, not the business owner’s. When done right, it is possible to get some business funding based on a business credit score without a personal credit check. Also, you, the business owner, aren’t personally liable for the credit the business gets.  Business credit is essential to getting the small business funding you need. 

Business Credit Expert: How is Business Credit Different from Personal Credit? Biz Credit Expert

The obvious answer is that a business credit score is based on the business’s ability to pay, not the owner’s.  However, they are different in a number of other ways as well. Various factors affect your business credit score in ways vastly different from how they affect personal credit. Each of these factors affects business credit and personal credit in different ways. 

 

  • Late Payments

 

Most personal accounts do not report late payments to your personal credit report until they are 30 days or more past due.  Business credit accounts report to business CRAs when an account is only one day late.

 

  • Inquiries

 

When someone checks your personal credit report, there is a negative impact on your credit score.  When a lender checks your business credit score, there is no negative impact. 

 

  • Access to Business Credit Reports

 

The only ones who have access to your personal credit report are those to who you give signed authorization.  In contrast, anyone can check your business credit score.  They do not have to have authorization from you. 

 

  • Name of the Reporting Account

 

Your personal credit report has the name of the company holding each account reporting.  Your business credit report only lists the industry of the reporting account, not the company’s name. 

 

  • How long information stays on your report

 

Though it varies, most information stays on your personal credit report for the life of the report.  The average life of information on your business credit report is 3 years. 

The details may vary between CRAs, but this gives a good idea of how long certain information can affect your business credit score. 

 

  • Amounts reported

 

Exact amounts are shown on your personal credit report. Business credit reports show rounded amounts. 

 

  • Who Reports Payments to the CRAs

 

With personal credit, everyone reports your accounts and payment history. Only about 7% of those who check business credit actually report accounts to the business credit CRAs.

 

  • Debt-to-Credit Ratio

 

The amount of debt you have in relation to the amount of credit available to you makes a real impact on your personal credit score.  If your cards are near their limits, you’ll see a decrease in your score.  With business credit, being near your limits does not affect your score. 

 

  • Regulation

 

There is much less regulation when it comes to business credit, and there is virtually no regulation when it comes to correcting mistakes on your business credit. 

 

  • Monitoring

 

You can get a free copy of your personal credit report each year.  In addition, there are a number of free credit monitoring services that let you get a peek at your credit score.  These are typically updated at least once a month.  

There are business credit monitoring services.  However, they are not free.  Still, if you choose the right one, it’s worth it to know what is happening with your business credit.

Business Credit Expert: What are Business Credit Reporting Agencies?

Business credit reporting agencies are agencies that provide business credit reports.  There are several, but the main three are Dun & Bradstreet, Equifax, and Experian.  A business credit expert needs to understand what the business credit reports issued by these agencies say to lenders about businesses. Then, you can begin to understand the impact on small business lending. 

Business Credit Expert: How Do I Get Business Credit?

You can’t until your business is set up properly.  It has to be set up as a separate fundable entity aside from the owner. Until then, any accounts you have are just reporting to your personal credit, even if they are called business accounts. How do you change that?   

Contact Information

Your business has its own phone number, fax number, and address.  That doesn’t mean you have to get a separate phone line, or even a separate location.  You can even still run your business from your home or on your computer if that is what you want.  You don’t even have to have a fax machine.

 Check out our best webinar with its trustworthy list of seven vendors to help you build business credit.

EIN

You also have to get an EIN. This is an identifying number for your business that works like how your SSN works for you personally.  You can get one for free from the IRS.

Incorporation Matters

Incorporating your business as an LLC, S-corp, or corporation is vital.  It lends credibility to your business as one that is legitimate. It also offers some protection from liability. The big thing for business credit and fundability however, is that it is the only real way to separate business finances from personal finances.

Which option you choose does not matter as much for fundability as it does for your budget and needs for liability protection.  The best thing to do is talk to your attorney or a tax professional.  What is going to happen is that you are going to lose the time in business that you have.  When you incorporate, you are creating a new entity.  You basically have to start over.  You’ll also lose any positive payment history you may have accumulated. 

This is why you have to incorporate as soon as possible.  Not only is it necessary for fundability and for building business credit, but so is time in business.  The longer you have been in business the more fundable you appear to be.  That starts on the date of incorporation, regardless of when you actually started doing business. 

Business Bank Account

You have to open a separate, dedicated business bank account. First, it will help you keep track of business finances.  It will also help you keep them separate from personal finances for tax purposes. 

Furthermore, there are several types of funding you cannot get without a business bank account.  Many lenders and credit cards want to see one with a minimum average balance.  In addition, you cannot get a merchant account without a business account at a bank. That means, you cannot take credit card payments.  Studies show consumers tend to spend more when they can pay by credit card.

Licenses are a Must

For a business to be legitimate it has to have all of the necessary licenses it needs to run.  If it doesn’t, warnings are going to go up at every turn.  Do the research you need to do to make sure you have all of the licenses necessary to legitimately run your business at the federal, state, and local levels. 

Is That All? 

No, it isn’t.  The next thing you have to do is get accounts reporting.  First, get a D-U-N-S number.  You can apply for a free one on the D&B website.   Dun & Bradstreet is the largest and most widely used business credit reporting agency.  You cannot have a business credit report with them unless your business is in their system.  The D-U-N-S number is how you get in their system. 

Once you have this number, you can start to do business with companies that will report your payments to the business credit reporting agencies. You can do this in a few ways. The best bet is to try all three ways.  The more positive payment history you have, the better. 

Ask Companies You Already Work With 

Vendors you already have a relationship with may be willing to give you credit without a credit check.  Even if not, they may offer net 30 terms on invoices.  They don’t have to.  So, you will have to ask.  If they agree, ask them to report the payments to the business credit agencies. 

Ask Utility Providers 

You pay things like utilities, rent, and the internet each month anyway.  Ask those companies to report payments.

Use Starter Vendors 

This is a little-known secret of business credit experts.   Many business owners are unaware of starter vendors. Certain retailers will extend Net 30 terms in your business name without a credit check.  Then, after you pay, they will report those payments to the business credit reporting agencies.

This is how you can get started building business credit business credit.  They do not check either your business or personal credit score.  Of course, they do have other risk reducing guards in place.  They vary by vendor.   Here are a few to help you start the process. 

Crown Office Supplies

Crown Office Supplies offers paper and other office supplies. They report to all three of the major business credit reporting agencies, which of course include D & B, Experian, and Equifax. It can be hard to find vendors which report to Equifax, so getting credit with Crown is a good move.  They do have a $99 annual membership fee.

Uline

Uline sells shipping, packing, and industrial supplies.  Also, they report to Dun & Bradstreet and Experian.  This means you must have a D-U-N-S number. 

In addition, they ask for 2 references and a bank reference. The first few orders might need to be paid in advance to get approval for Net 30 terms.

Grainger Industrial Supply 

Grainger sells power tools, pumps, hardware and other things. In addition, they can handle maintenance of your auto fleet. You need a business license and EIN to quality, as well as a D-U-N-S number.

You can apply by fax or over the phone. If you need less than $1,000 in credit, you only need a business license for approval. For over $1,000, you will need trade and bank references.  

If you are just starting out and do not have references, the $1,000 is plenty to get you started building your business credit. 

Why You Really Need an Actual Business Credit Expert

Knowledge is definitely what makes you a business credit expert.  The best way to become one, and get that knowledge, is to work with an actual business credit expert.  They know things that are not widely made known to the public.  These are things that a simple Google search will not tell you.

Check out our best webinar with its trustworthy list of seven vendors to help you build business credit.

For example, you need a lot of accounts reporting business credit.  You need several of these starter vendor accounts, but it is not easy to find vendors that will work like this.  Most vendors do not make it known if they report payments to the business credit reporting agencies, or not.  You need expert help to help you find the ones that you qualify with and that will report. 

Vendor accounts change their underwriting and reporting practices regularly.  It is incredibly difficult to keep up with.  It takes alot of time and a lot of effort. An expert has the time and knowledge it takes to stay on top of which vendors are approving accounts, and what they look for.  Also, they can keep tabs on who reports accounts and who they report them to.

In addition, it is usually a shot in the dark as to why you were denied business credit.  A business credit expert has the knowledge and expertise to help you set yourself and your business up to give you the best chance possible. They know what creditors are looking for, and what gets you denied.  It’s likely many of the reasons businesses are denied credit will shock you. 

It is not easy to keep up with the ever changing world of business credit.  With a business credit expert, you won’t have to guess. 

The post How to Sound Like and Become a Business Credit Expert appeared first on Credit Suite.

3 Key Reasons to Use Augmented Intelligence Tools in Digital Marketing

Do terms like “AI” and “machine learning” make you think of robots and science fiction?

These technologies are being used everywhere, and the age of AI is already in full swing.

AI and technology offer a solution to inefficiency. Deloitte has shown that 83 percent of early adopters of AI and cognitive technologies achieved either “moderate” or “substantial” benefits.

AI is somewhat part of augmented intelligence tools’ technology, but how is it used in marketing right now?   

What is Augmented Intelligence?

Gartner defines “augmented intelligence” as “a human-centric partnership model of people and artificial intelligence working together to enhance cognitive performance.”

What that means is that augmented intelligence isn’t just about creating super smart machines. It’s about creating technology that can help you and your brain do things better.

Augmented intelligence is sometimes also called intelligence automation (IA).    

How is Augmented Intelligence Different From Artificial Intelligence (AI)?

Artificial intelligence is all about computers making decisions. But augmented intelligence is about you making better decisions, with the help of a computer.

Let’s dive into some specific examples so we can see how this works:

Artificial Intelligence Examples

Artificial intelligence operates on its own, without help from humans.

That might make you think of autonomous killer robots, but the reality is usually a little less exciting.  

Ever used a grammar checker tool? Lots of those use AI to give you more sophisticated grammar recommendations.

Even Google Docs uses an AI grammar checker. Google’s engineers train the model using correct sentences. It’s then able to predict whether sentences are correct or incorrect on its own, without needing to be programmed with every single grammar rule.  

Know where else Google uses AI? In its search engine algorithms.

Updates like RankBrain and BERT have brought AI to the search engine, and SEOs have needed to update their strategies accordingly with AI SEO.  

Augmented Intelligence Examples

Now that we’ve seen how AI is used, how is augmented intelligence used? How are its applications different from AI?

Augmented intelligence is a pretty general term. You can use it to talk about basically any machine that helps humans enhance their capabilities and make better decisions, even something as simple as a compass or telescope.

But in practice, augmented intelligence is usually used to talk about automated systems that need direction or input from humans to function. Augmented reality tools, like Google Glass, are just one example.

Augmented intelligence can be used in a bunch of different fields. It can support financial professionals in making regulatory decisions, or help health care professionals make medical decisions.

The augmented intelligence tool gives recommendations, and then the human makes the final call. Feedback from humans helps the tool to learn and grow continuously.

Why would you want to use augmented intelligence when you could use “true AI?” Well, augmented intelligence allows us to do more with the technology we currently have, without needing to wait for AI to advance.

It also adds a human element to the decision-making process, which can be helpful for complying with regulation in some industries. Plus, with augmented intelligence, we can take advantage of new technologies while also continuing to use human talent.

But the best thing about augmented intelligence? When humans and machines work together, they can achieve better results than one or the other working alone.

For example, an experiment by a team from a Harvard Medical School hospital at the Camelyon Grand Challenge showed that an algorithm could accurately detect breast cancer 92% of the time, while a human pathologist accurately detected it 96% of the time. When the pathologist worked together with the algorithm, the results were accurate 99% of the time.  

Overall, augmented intelligence is just a different philosophy that can help us get the most from AI, without needing really sophisticated capabilities.  

How Can Augmented Intelligence Help Your Business?

The truth is, augmented intelligence can do huge things for your company.

There are tons of different ways to use augmented intelligence. There’s probably an IA application out there that can help you streamline and improve every single area of your business.  

Here’s an example: Augmented intelligence can help you sell things online.

Think about the last time you thought about buying something online. What were some reasons you might have hesitated before making a purchase?

You might not want to lay out money for certain items before trying them out in person. Furniture, glasses, clothes are examples of products users want to see how they look up close before you buy.

Enter augmented intelligence. With augmented reality (AR) applications, your customers can “try on” things virtually. Even if they’d prefer to shop from home, they can still get a feel for your merchandise.

Want to know how this works in practice? Check out some of the companies using augmented reality to sell furniture (Wayfair), glasses (EyeBuyDirect), and makeup (MAC Cosmetics).

Glasses virtual try on screenshot augmented intelligence 1

To use the virtual try-on tools, you can upload a photo or open your webcam, and the tool will show you what the product looks like in real life.

But sales isn’t the only area where augmented intelligence can help your business.

Want to make your product safer? Car companies are already using augmented reality to help drivers spot dangers on the road and avoid looking down at their phones.

Want to thrill your customers with a cool new feature? Google did that when they introduced internet searchers to AR animals.  

You can improve your customer service with augmented intelligence, too. Chatbots can help answer some more straightforward customer questions, freeing up more time for your human staff. IA can also help support your customer service reps when they need more information to help customers.

Finally, just like with sales, product, and customer service, augmented intelligence tools can take your marketing efforts to the next level.  

Here are three crucial reasons why you should use augmented intelligence tools to supercharge your marketing.

Augmented Intelligence Creates Positive Customer Experiences

If you use augmented intelligence to create an extra cool or innovative product, your marketing will basically be halfway done for you. An awesome customer experience pretty much markets itself. Just look at all the videos people have made about Google’s AR animals:

video suggest augmented intelligence | 3 Key Reasons to Use Augmented Intelligence Tools in Digital Marketing

Check out all these articles people have written about Wayfair’s augmented reality feature for furniture:

SERP augmented intelligence | 3 Key Reasons to Use Augmented Intelligence Tools in Digital Marketing

If you make something interesting enough, you might end up getting lots of new backlinks and traffic without even trying.

Besides creating new product features, you can also improve your customer experience with augmented intelligence in other ways.

For instance, customers are more likely to be satisfied if they can get their questions answered faster with technology like automated chatbots, as mentioned above.

You can also use augmented intelligence to help personalize the customer experience. An example of this would be user recommendations. You’ve probably seen these on YouTube on the right-hand side:

youtube suggest augmented intelligence | 3 Key Reasons to Use Augmented Intelligence Tools in Digital Marketing

And on Amazon as suggested product examples:

amazon suggest augmented intelligence | 3 Key Reasons to Use Augmented Intelligence Tools in Digital Marketing

These websites use algorithms to make recommendations based on the videos you’ve already watched or products you’ve already shown interest in. When you click on a recommendation, you’re sending a signal to the algorithm that the recommendation was relevant.

Recommendations help you offer a better experience by helping your customers find things they might be interested in. They are also a way to convince customers to stay on your website for longer.

Augmented Intelligence Can Reduce Busywork

Another major reason why companies are interested in automation is that it saves time. According to WorkMarket’s 2020 In(Sight) Report, over half of employees think they could save 240 hours every year through automation.  

IA can help your marketing department save time in lots of different ways. If you’re currently using data for strategic planning, augmented intelligence tools can help.

You can use these tools to help clean data sets, forecast future trends with predictive modeling, or even keep an eye on competitors, social trends, and customer feedback. This can help you create more effective marketing plans more quickly.  

If you decide to use augmented intelligence in your marketing, you won’t be alone. According to a Forrester report, 46% of respondents say that marketing and sales teams are leading AI adoption.

It’s no wonder marketers are excited to adopt this technology. Hubspot found that using AI software cut the time one agency spent on reporting by 97 percent.

Augmented Intelligence Can Help Write Content

Here’s another way that augmented intelligence can help with your marketing: It can help you write better content, faster.

If you’re a marketer, you know that writing quality content takes serious time and effort.

A survey by Orbit Media Studios states that the average blog post takes almost four hours to write. That’s actually a 63% increase over 2014, when the average blog post took just under 2.5 hours.

If you’re wondering why the writing time has gone up so much, it’s because Google’s algorithm updates have started to favor long-form content.

Besides the actual writing, researching, adding photos, and publishing also take up lots of time, not to mention content planning and SEO.

Augmented intelligence can helpfully write text, but it can’t add much research, facts, or emotions to it.

AI’s writing style can be a little different from what we’re used to, so it needs human polishing.

AI text augmented intelligence | 3 Key Reasons to Use Augmented Intelligence Tools in Digital Marketing

That’s an excerpt from an article written by an AI, published in The Guardian.

As you can see, AI can write sentences, but you might need to edit or adjust them to fit your content needs.

Even if you don’t want a robot to write your articles, you can still use augmented intelligence tools to help you in your writing. Spelling and grammar checkers, like Grammarly, are a good example of this.

Augmented intelligence can also help you create better content by coming up with more relevant topics for your audience.

If you’re using augmented intelligence for data collection and analytics, you can use the knowledge you gain from that to help you write more data-driven, personalized content.

If you want to do a content audit to review the content that’s already on your website, augmented intelligence can help with that, too.

Augmented Intelligence is Becoming the Norm

It looks like AI, and automation in general, are here to stay. McKinsey predicts that “half of today’s work activities could be automated by 2055.”  

With “AI’s adoption increasing year-on-year,” marketing departments are leading the charge.

Augmented intelligence offers the perfect approach to AI, because it’s all about pairing AI’s strengths with human strengths.

Conclusion

As a marketer, you’re all about staying ahead of the competition.

To do that, you’ll need to have the best tools, including artificial intelligence.  

However, a lot of people are skeptical about AI. In fact, research by PwC shows that 67% of CEOs think AI and automation will have a negative impact on trust in their industry over the next five years.

With augmented intelligence tools, you don’t have to rely on AI alone. Instead, you can use AI’s strengths and human strengths together to get better results.  

If you’ve already started using augmented intelligence in your marketing, or if you’re thinking about using it soon, tell us about your experience in the comments.

The post 3 Key Reasons to Use Augmented Intelligence Tools in Digital Marketing appeared first on Neil Patel.

The 11 Best Dropshipping Tools

Dropshipping is a popular method for building an e-commerce empire. The challenge is, there are tons of people out there trying to do the same thing. So, how do you get a competitive edge? By using dropshipping tools to get the most out of your dropshipping business.

This post covers the basics of dropshipping and the 11 best dropshipping tools to maximize this fulfillment method’s benefits while minimizing the drawbacks.

What is Dropshipping?  

Dropshipping is a fulfillment method that allows e-commerce stores to sell products without storing or maintaining stock.

Using the dropshipping model, your store markets a third-party’s (a wholesaler or manufacturer) products. When someone places an order from your site, you buy the product from a third-party, who then sends the product directly to your customer.

You don’t have to worry about logistics, and the difference between the price you sell at and the price you buy at is your profit.

This model is popular (in fact, 23% of online sales are fulfilled through dropshipping) because it allows e-commerce businesses to focus on what they do best, marketing and selling products without worrying about logistic issues.

What are the Benefits of Dropshipping?

One of the major benefits of dropshipping is starting an e-commerce store with low start-up costs. You can create the framework for a great online store with relatively little investment.

The issue is, you’ve still got to invest in and warehouse stock — unless you use dropshipping.

Dropshipping limits startup costs while allowing e-commerce stores to offer a wide range of items to customers.

By working with a third party, you can quickly set up your online store and tap into a wide selection of high-quality products from suppliers around the world.

The benefits of this are:

  • Low overhead costs: No need to pay for stock, warehousing, or employees to fulfill orders
  • A wider selection of products: Choose from an endless list of suppliers.
  • Expanded shipping capabilities: You’re working with businesses with years of experience shipping items around the world.
  • Easy to scale: You don’t have to worry about stock. No matter how many orders you have coming in, you’re always able to fulfill them.
  • Focus on your strengths: Concentrate on where your competitive advantage is – making sales.
  • Location independence: Your stock doesn’t tie you down because you don’t own any.

These benefits sound pretty great, right?

As you might expect, there are also some drawbacks to dropshipping. The most apparent negative to dropshipping is lower profit margins. Companies that buy in bulk can save money, but buying one item at a time can be more costly.

Although you’re in control of your pricing (you can lower and raise prices as you like), you’ll have to keep your prices in line with your competition. And, because there are few barriers to starting an e-commerce business with a dropshipping model, there’s lots of competition out there.

Here are some challenges to consider with dropshipping:

  • Customization and branding: You’re selling someone else’s products, so it can be harder to develop a strong brand.
  • You’re reliant on a third-party: If they mess up, then in your customer’s eyes, you’ve messed up.
  • Understanding costs: If you’re working with lots of different suppliers, it can be complicated to work out your profit margins when shipping is factored in.

Whether dropshipping is an effective strategy will depend on your business needs. If you’re ready to take on the stiff competition and aren’t reliant on branding to sell your products, then dropshipping could be a viable option.

What Dropshipping Tools Should I Use?

As you can see, there are plenty of benefits to using dropshipping as your fulfillment method, but there are some drawbacks as well.

These dropshipping tools can help you run a successful dropshipping business.

Shopify

dropshippingtoolsShopify

Shopify is the biggest e-commerce platform out there, and it’s one of the quickest and easiest ways to get your store up and running.

Shopify isn’t so much a dropshipping tool as the starting point for creating your store, so it’s important to feel comfortable with it. To ensure Shopify is right for your business, you can test out a 14-day free trial.

Once you’ve decided to build your store on Shopify, you have the following pricing options:

  • Basic Shopify – $29/mo
  • Shopify – $79/mo
  • Advanced Shopify – $299/mo
dropshippingtoolsShopifyPricing

You will still have to pay for your website hosting (here are some recommendations) which can be factored into Shopify’s price.

Whatever your goals, Shopify has a plan to suit your business needs and allows you to make the most of their customer support and a wide range of helpful plugins.

Oberlo 

dropshippingtoolsOberlo

Oberlo is a Shopify app that links you to a large market of suppliers, allowing you to choose from a huge range of products and sync them to your website in seconds.

Their free starter package allows you to sell up to 500 products a month, so it’s an ideal way to dip your toe into dropshipping.

dropshippingtoolsOberloPricing

If you see good results, you can upgrade to the basic package for $29.90 a month, allowing you to sell more products and benefit from enhanced order tracking.

You can also choose the pro package for $79.90 a month, which allows you up to 30,000 sales.

WooCommerce

dropshippingtoolsWooCommerce

If you already have a website that runs on WordPress, or you want a cheaper alternative to Shopify, then try WooCommerce. It’s a free plugin that can turn your WordPress website into an e-commerce store.

WordPress powers around 35% of the web, so you know you’re in safe hands with this platform, and the WooCommerce plugin allows you to give it powerful e-commerce capabilities.

Spocket

dropshippingtoolsSpoket

Already have an e-commerce store set up? Spocket is one of the best dropshipping tools to connect you with suppliers from around the world. 

Spocket integrates with Shopify, WooCommerce, Wix, BigCommerce, and AliScraper. It offers a free trial which allows you to view their catalog, but to truly benefit from this tool, you need one of the paid plans:

  • Starter: Sell up to 25 unique products  – $24/month
  • Pro: Sell up to 250 unique products – $49/mo
  • Empire: Sell up to 1,000 unique products – $99/mo
dropshippingtoolsSpoketPricing

With many suppliers based in the US and Europe, Spocket is an excellent dropshipping tool for stores that value fast, easy fulfillment.

AutoDS

dropshippingtoolsAutoDS

AutoDS is an all-in-one dropshipping tool for e-commerce stores that plugs into both Shopify and eBay. With AutoDS, you can automate processes like stock monitoring, optimizing pricing, updating tracking numbers, collecting social proof, and much more.

This dropshipping tool takes a lot of the busy work out of running your store and gives you more time to focus on boosting your sales.

dropshippingtoolsAutoDSPricing

One of the great things about AutoDS is they offer a vast range of packages designed to suit your business. They start at $6.33 a month for basic stores but can accommodate stores with up to 100,000 products.

Dropified

dropshippingtoolsDropified

Dropified connects you with suppliers and automates your dropshipping processes. With integrations for e-commerce platforms such as Shopify, BigCommerce, WooCommerce, GrooveKart, and CommerceHQ, it aims to give you all the dropshipping tools you need to run a successful business.

With lots of helpful automation, Dropified is ideal for sellers looking to develop their custom brand. They offer two distinct pricing structures:

  • Import: $14/mo
  • Private Label On-Demand: $168/mo
dropshippingtoolsDropifiedPricing

This dropshipping tool price might seem costly, but the ability to use private labels helps you overcome one of the most significant drawbacks of dropshipping – difficulty establishing your brand.  

SaleHoo

dropshippingtoolsSaleHoo

SaleHoo is a directory of wholesale companies and a great dropshipping tool for market research. Their annual plan gives you full access to the directory for $67, or you can choose a lifetime plan for $127. Those prices make it an affordable tool to research the market and find the best suppliers.

There’s also the option to upgrade to full automation, and you can get lifetime access to the SaleHoo education program for $47.

Zapier

dropshippingtoolsZapier

With so many apps helping you run your business, you might be wondering how to coordinate them all. The answer is Zapier.

Zapier automates workflows across different apps, which reduces manual work. For example, when you receive an order on Shopify, Zapier can instruct MailChimp to add that customer to your monthly newsletter and create an invoice through Invoice Ninja.

dropshippingtoolsZapierPricing

With a free lifetime plan that allows you to create 5 “zaps,” Zapier is one of those dropshipping tools you’ve got to try. If you find it significantly streamlines your store, then there are many plans to choose from.

AliDropship

dropshippingtoolsAliDropship

AliDropship connects you to suppliers. However, there’s one big difference — with AliDropship there are no monthly fees. Instead, you make a one-time payment of $89 for a lifetime subscription.

You can also have AliDropship create you a website for a one-time price of $299, making it a viable alternative to Shopify. You will have to pay for your monthly hosting, but this option is about as quick and easy as it comes in terms of getting started with dropshipping.

For sellers looking for a fast, convenient way to get into dropshipping, AliDropship is an ideal option.

Google Analytics

dropshippingtoolsGoogleAnalytics

While many of the dropshipping tools on this list offer important insights about customers and traffic, some of the most important metrics can be found in your Google Analytics dashboard. All the data you need to know about your store is in your analytics for free.

There’s no need to pay for extra website analytics if you know how to make the most of Google Analytics, and this is the reason why it’s one of the most powerful dropshipping tools.

Track your visitors, understand where your traffic comes from, what content works well, and how to boost your store’s all-round performance by making use of the data that’s available to you.

Chili-Hunter 

dropshippingtoolsChilliHunter

If you’re dropshipping through eBay, then Chili-Hunter is a handy market research tool. Use it to discover new trends, find the most profitable items to sell, and get insight into your store’s performance and your competitors.

This dropshipping tool provides vital information to maximize your profits, and the best part is it comes in one simple plan.

You can choose either a monthly membership for $39.99 per month or a yearly membership for $16.66/mo.

dropshippingtoolschillihunterPRicing

With Chilli-Hunter, you can find the best products to dropship and boost your business’s performance in seconds.

Conclusion

One of the biggest challenges with dropshipping is maintaining workable margins. To do this, you need your e-commerce store to be as streamline as possible so you can adapt to changing markets and build up a large volume of sales.

To scale your business, look for ways to automate areas such as marketing, order processing, and product selection. This is where dropshipping tools come in handy.

While you will need to pay the monthly subscription fees for the right dropshipping tools, the return on investment can be immense.

How do you use dropshipping tools to give your store the edge?

The post The 11 Best Dropshipping Tools appeared first on Neil Patel.

New comment by claudio-viola in "Ask HN: Freelancer? Seeking freelancer? (November 2020)"

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– Résumé/CV: http://bit.ly/2HucTwp

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