Day 12 of the 100k in 2024 with TikTok shop dropshipping challenge

Introduction

As we reach Day 12 of the 100K in 2024 TikTok Shop Dropshipping Challenge, I took some time to reassess my product roster that I'm offering to creators. This evaluation ties back to my discussions from yesterday, where I emphasized the importance of increasing the commission percentage per product.

Through this reassessment, I successfully identified five new products that meet the criteria for higher profit margins. These higher margins not only facilitate increased commission rates, but they also ensure that I am still making a profit. Crafting a sustainable dropshipping business is all about finding that balance between offering value to creators and maintaining a profitable operation.

In addition to updating my product selection, I also revisited my outreach script. I realized that modifying the overall message could significantly improve my creator conversion rate. The way I communicate with creators is crucial for encouraging them to partner with me, and small changes can lead to big results.

I look forward to continuing this journey and sharing all the insights I gather along the way. Stay tuned for more updates!

Keywords

TikTok Shop
Dropshipping
Product Roster
Commission Percentage
Profit Margins
Creator Conversion Rate
Outreach Script

FAQ

Q1: What is the TikTok Shop Dropshipping Challenge?
A1: The TikTok Shop Dropshipping Challenge is an initiative aimed at reaching $ 100,000 in revenue through dropshipping on the TikTok platform in 2024.

Q2: Why is it important to reassess the product roster?
A2: Reassessing the product roster helps identify products with higher profit margins, which can increase commission rates for creators while ensuring profitability for the seller.

Q3: How can I improve my outreach to creators?
A3: Improving your outreach can involve modifying your messaging to ensure it resonates better with creators, thereby increasing conversion rates.

Q4: How do I identify high-profit margin products?
A4: High-profit margin products can be identified through market research, competitor analysis, and evaluating the cost versus potential selling price of products.