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'Course. I don't think it'll be the great story you're after though. Initially I contacted the private label nutra companies, but the MOQ was like $5k, and I di
by lachyg 16y ago
'Course. I don't think it'll be the great story you're after though. Initially I contacted the private label nutra companies, but the MOQ was like $5k, and I didn't want to risk that.
So I found a company that was going to be doing it, talked to them and became friends. Then we just negotiated a price per sale, and how we would do shipping (I'd just email them a daily xls).
Very simple. Contact, negotiate, execute.
- paraschopra 16y agoGreat, I know it may not be possible for you to reveal here, but if you are OK with it may I ask what sort of margins such these dropshipping arrangements offer?
- lachyg 16y agoWell... I went for around 30% but I researched and decided that that was not nearly good enough, and went for closer to 60% due to their high profit margins. This will allow me to market it more affectively.
- paraschopra 16y agoCorrect me if I am wrong: do you pocket $55.2 (60% of $92) for every sale you make? That is way higher than I imagined!