Today we talk about 9 types of dropshipping businesses you can start today. Before you start a dropshipping business, it's important to familiarize yourself with all the types of dropshipping businesses that you can start if you're trying to get into eCommerce. Whether you want to learn more about private label dropshipping, white label dropshipping, blind dropshipping, or any other type of dropshipping business, you'll want to watch this video!
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Chapters:
00:00 Intro and Overview
01:08 Lucky Draw
THE 11 PRICING STRATEGIES
01:50 Importance of choosing the right pricing strategy
02:21 Strategy #1: Cost-Based Pricing
03:57 Strategy #2: Competition-Based Pricing
05:07 Strategy #3: Market-Based Pricing
07:17 Strategy #4: Value-Based Pricing
08:33 Strategy #5: Dynamic Pricing
10:02 Strategy #6: Price Skimming
11:15 Strategy #7: Bundle Pricing
12:46 Strategy #8: Premium Pricing
14:00 Strategy #9: Loss Leader Pricing
15:17 Strategy #10: Anchor Pricing
16:27 Strategy #11: Penetration Pricing
FACTORS TO CONSIDER WHEN CHOOSING A PRICING STRATEGY
17:34 Why the right pricing strategy depends on your circumstances
18:09 Factor #1: Define Your Objectives
18:41 Factor #2: Define Your Ideal Customer
19:24 Factor #3: Competitive Business Advantage
5 EXAMPLES OF PRICING STRATEGIES USED BY ACTUAL COMPANIES
20:47 Penetration Pricing Example: Dollar Shave Club
21:28 Premium Pricing Example: Gucci
21:59 Price Skimming Example: Sony
22:42 Value-Based Pricing Example: Apple
23:16 Competition-Based Pricing Example: Huawei
HOW TO MAINTAIN AN OPTIMIZED PRICING STRATEGY
24:08 Method #1: Use Fewer Syllabes
24:43 Method #2: Try Specific Prices
25:30 Method #3: A/B Test
26:40 Final tips on choosing the right pricing strategy
27:32 Conclusion
***RESOURCES***
đź“š 250 Hot and trending products to sell online:
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Steps to scale to 7-figures
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