How to Make $700 from Dropshipping

As a Wall Street entrepreneur with a track record of building scalable businesses, I can tell you that dropshipping has emerged as one of the most popular and viable eCommerce business models. The beauty of dropshipping is its low barrier to entry; you don’t need to hold inventory or manage shipping. However, success in this business requires more than just setting up a website. You need a strategic approach, a deep understanding of your market, and a relentless focus on execution.

In this guide, I’ll break down how you can make $700 per month from dropshipping with practical, actionable advice. From finding winning products to running Facebook ads that convert, these insights will help you build a profitable dropshipping business.

11 Tips to Find Winning Products

The first step in dropshipping success is finding the right products. The key is to identify items that have both high demand and good profit margins. Here are 11 tips to help you find products that can generate steady revenue:

Use Product Research Tools – Tools like Oberlo, SaleHoo, or AliExpress allow you to identify trending products with high sales volume. Focus on items that have at least 100 orders per month.
Leverage Google Trends – Track product interest over time and gauge seasonality using Google Trends. Look for products with consistent demand.
Look for Low-Cost, High-Margin Products – Aim for products that cost $10 to $50 and can be sold for 3x the cost. A $20 product sold for $60 generates a healthy profit margin.
Monitor Competitors – Check popular dropshipping websites and marketplaces to see what products they are successfully selling. Tools like SimilarWeb can help you track competitors’ traffic.
Focus on Niche Markets – While general products can be saturated, niche markets with less competition allow for higher margins. For example, fitness accessories for senior citizens can be a profitable niche.
Consider the Product’s Shipping Weight – Lighter products are cheaper to ship. This can significantly reduce your overall costs, especially if you’re shipping internationally.
Use Social Media for Validation – Scan Instagram, Pinterest, and TikTok to see which products are being shared and promoted by influencers.
Check Product Reviews – Analyze customer reviews on sites like Amazon and AliExpress. Products with high ratings and positive reviews are more likely to sell well.
Evaluate the Product’s Longevity – Avoid fad products that are unlikely to maintain demand in the long term. Instead, look for evergreen products that provide steady sales year-round.
Choose Products with Customization Options – Offering customized versions of products can justify a higher selling price and increase your profit margin.
Check Supplier Reliability – Choose suppliers with fast shipping times and a solid reputation. This minimizes potential issues with customers and increases your chances of positive reviews.

16 Strategies to Get $100 Profit per Sale

Generating $100 in profit per sale is an achievable goal, but it requires careful product selection and smart pricing strategies. Here are 16 ways to reach that target:

High-Price Products – Focus on selling high-ticket items. Products priced at $100 or more give you more room to work with in terms of profit margin.
Upsell and Cross-Sell – Offer related products at the checkout page. For example, if a customer buys a phone case, suggest a screen protector or a charger.
Offer Bundles – Create product bundles and offer them at a discount. Bundling increases average order value (AOV) and can push your profits to $100 per sale.
Set Premium Prices – Position your products as premium by offering added value, such as free shipping or customized options. A high perceived value allows you to set higher prices.
Leverage Scarcity and Urgency – Limited-time offers and scarcity tactics (e.g., “Only 5 left in stock”) can justify a higher price and increase urgency to buy.
Incorporate Subscription Models – For consumable or recurring-use products, offer a subscription service. This ensures continuous revenue and increased profitability over time.
Implement Tiered Pricing – Offer different pricing tiers for basic, advanced, and premium product versions. Each tier allows you to upsell customers who want more features.
Offer Free Shipping Thresholds – Set a minimum order value for free shipping. This encourages customers to add more items to their cart, increasing the average sale value.
Provide Add-Ons – Offer relevant accessories or add-ons during checkout. For example, if someone buys a backpack, offer a matching keychain or rain cover.
Increase Customer Lifetime Value (CLV) – Retain customers by offering loyalty discounts, referral bonuses, or rewards for repeat purchases. Loyal customers contribute significantly to long-term profits.
Use Paid Advertising – Focus on advertising high-margin products via Facebook or Instagram ads, as they can drive high-converting traffic to your store.
Personalize the Offer – Tailor promotions based on customer behavior. If a customer added a product to their cart but didn’t complete the purchase, offer them a limited-time discount.
Use High-Converting Landing Pages – Optimize your product pages to increase conversions. Include high-quality images, compelling descriptions, and social proof (like reviews).
Leverage Influencer Marketing – Partner with influencers to promote high-ticket products. Influencers with highly engaged audiences can significantly increase your sales and profit per transaction.
Optimize for Mobile – Ensure your website is mobile-friendly. Over 60% of online purchases are made via mobile, so a smooth mobile shopping experience can lead to more sales.
Run Time-Sensitive Promotions – Run flash sales or special promotions during peak shopping seasons like Black Friday or Cyber Monday to boost your average order value.

9 Ways to Build a Profitable Store

Building a profitable dropshipping store requires more than just choosing the right products. Here are nine ways to optimize your store for profitability:

Create a Professional Storefront – Use high-quality themes and customizable options from platforms like Shopify or WooCommerce to create a sleek, professional-looking store.
Optimize User Experience (UX) – Streamline your site’s navigation, minimize the number of steps to checkout, and ensure a smooth user experience to prevent cart abandonment.
Use Trust Signals – Display trust badges, customer reviews, and security seals to reassure customers that your store is legitimate and trustworthy.
Implement Retargeting – Use retargeting ads to bring back visitors who didn’t complete a purchase. This can boost conversions and bring in more profits from the same traffic.
Optimize for SEO – Implement on-page SEO techniques such as keyword research, optimized product descriptions, and internal linking to increase organic traffic and reduce reliance on paid ads.
Automate Order Fulfillment – Use tools like Oberlo or Spocket to automatically fulfill orders, saving you time and streamlining your business processes.
Focus on High-Quality Product Photos – High-quality images and videos give customers confidence in your products. Make sure your images show products from multiple angles and in use.
Streamline Your Payment Process – Offer multiple payment options like PayPal, credit cards, and digital wallets to cater to different customer preferences.
Test and Optimize – Continuously test different versions of your website (A/B testing) to see what works best in terms of layout, call-to-action buttons, and overall design.

19 Ideas for Driving Traffic to Your Site

Traffic is the lifeblood of any online business. Here are 19 ideas to help you drive consistent traffic to your dropshipping store:

SEO Optimization – Optimize for high-traffic keywords in your product descriptions, blog posts, and metadata.
Content Marketing – Create blog posts, how-to guides, and videos related to your products to attract organic traffic.
Social Media Marketing – Use Instagram, Facebook, and Pinterest to showcase your products and drive traffic to your site.
Influencer Marketing – Partner with influencers to tap into their follower base and drive traffic through affiliate links.
Referral Traffic – Collaborate with other bloggers or websites to drive referral traffic via guest posts or sponsored content.
Email Marketing – Build an email list and send out regular newsletters and promotions to keep customers engaged.
Affiliate Programs – Offer an affiliate program to incentivize others to promote your store for a commission.
Facebook Ads – Run targeted Facebook ads to reach customers interested in your niche.
Pinterest Ads – Pinterest is an untapped goldmine for eCommerce stores, especially for lifestyle products.
Google Ads – Use Google Shopping ads to appear at the top of search results for high-converting keywords.
TikTok Videos – Create viral, fun content on TikTok to introduce products to a younger demographic.
Reddit Marketing – Participate in relevant subreddits and share valuable content, subtly linking to your products when appropriate.
Webinars – Host webinars to engage your audience, provide valuable content, and promote your products.
Collaborate with Bloggers – Partner with bloggers who can write reviews or product roundups, linking to your store.
Influencer Giveaways – Run giveaways with influencers to boost brand awareness and drive traffic.
Referral Programs – Offer discounts or incentives to existing customers who refer new buyers to your store.
Facebook Groups – Join relevant Facebook groups where your potential customers hang out and contribute helpful content.
Quora Marketing – Answer questions on Quora and link to your product as a potential solution.
Podcasts – Appear as a guest on podcasts to drive traffic to your site by discussing your niche or products.

7 Techniques to Scale to $700 Monthly

Scaling your dropshipping business requires smart decisions, systems, and consistency. Here are seven techniques to grow your business and hit $700 monthly:

Focus on Customer Retention – Encourage repeat business through loyalty programs, email marketing, and excellent customer service.
Automate Processes – Use automation tools for order processing, email campaigns, and social media scheduling.
Use Email Campaigns for Upselling – Create automated email sequences that promote related products to your existing customers.
Scale Facebook Ads – Once you find profitable ads, increase your budget gradually and target new audiences to expand your reach.
Expand Product Offerings – Gradually add complementary products to your store to increase your average order value.
Outsource Tasks – Hire virtual assistants or use freelance platforms like Upwork to outsource tasks like customer service, product research, and content creation.
Test and Refine – Continuously test your marketing strategies and refine your approach to boost conversion rates and profits.

21 Tips for Running Facebook Ads Successfully

Facebook ads are a powerful tool for generating sales, but only if you use them effectively. Here are 21 tips to make your Facebook ads more profitable:

Define Your Audience – Use Facebook’s targeting tools to reach your ideal customers based on demographics, interests, and behavior.
Use Engaging Creative – Your ad visuals should grab attention and stand out in the feed. High-quality images or videos are key.
A/B Test Ads – Continuously test different versions of your ads to see which ones perform best.
Use Retargeting – Target users who have previously visited your website but haven’t made a purchase.
Optimize for Conversions – Set up your ads to optimize for conversions rather than just clicks to ensure you’re driving sales.
Test Different Ad Formats – Experiment with carousel ads, video ads, and collection ads to see which format resonates with your audience.
Track Metrics – Track key metrics like click-through rates (CTR), return on ad spend (ROAS), and conversion rates to gauge ad performance.
Use Lookalike Audiences – Target Facebook users similar to your existing customers with lookalike audiences for increased conversions.
Set a Budget – Set a daily or lifetime budget for your ads, and monitor it to avoid overspending.
Use Strong Calls to Action – Your ad should have a clear call to action, whether it’s “Shop Now” or “Learn More.”
Highlight Your Unique Selling Proposition (USP) – Make sure your ad communicates why your product stands out from the competition.
Time Your Ads – Schedule your ads to run during peak hours when your target audience is most likely to be online.
Leverage User-Generated Content – Use customer reviews, photos, or videos in your ads to build trust with potential buyers.
Retarget Cart Abandoners – Show ads to users who added products to their cart but didn’t complete the purchase.
Use Dynamic Ads – Show personalized product ads to users based on their browsing history or previous interactions with your website.
Offer Limited-Time Promotions – Create urgency by running time-sensitive promotions or discounts to drive immediate sales.
Optimize for Mobile – Ensure your ads and landing pages are optimized for mobile users, as most traffic comes from mobile devices.
Test Different Headlines – Experiment with different headlines to see which resonates best with your audience.
Focus on High-Value Products – Promote high-ticket items that generate more profit per sale to increase your ad return on investment.
Use Video Ads – Video ads tend to have higher engagement than static images. Use video to demonstrate your products in action.
Track Attribution – Use Facebook’s tracking tools to understand how your ads are contributing to sales across different devices.

By following these strategies and optimizing your store, products, ads, and traffic generation efforts, you can steadily build a profitable dropshipping business that generates $700 or more per month. Success in dropshipping is not an overnight journey, but with persistence, smart marketing, and a focus on profitability, you can build a sustainable and scalable eCommerce business.