Today we’re going to test your ecommerce knowledge with five questions every ecommerce
entrepreneur should know.
Whether you’re already selling online or just starting out, it’s critical that you
know these fundamental facts. Not knowing them could cost you a lot of wasted time and
effort.
But don’t worry: If you don’t know an answer, we’re here to help.
Ready to get started? It’s quiz time.
Hey all, it’s Jessica from Oberlo. Before I tell you the first question, let’s go
over how this quiz works.
First, post your answers to these questions in the comments. I personally grade every
quiz.
Second, watch this video all the way to the end for extra credit.
And third, subscribe to our channel to continue your ecommerce education. If you want to become
a successful dropshipping entrepreneur in 2019, you won’t want to miss our how-to
videos and merchant interviews.
All ready? Clear your desk and take out a pen and paper. Let’s get to question number
one.
QUESTION 1: WHAT DO YOU NEED TO START DROPSHIPPING?
Dropshipping is a business model in which the merchant (that’s you) does not keep
the products he or she sells in stock. Instead, you purchase products from a supplier whenever
a customer places an order. The supplier then ships the products directly to the customer.
One of the reasons dropshipping is so attractive is that you don’t need a lot to get started.
But you can’t start a dropshipping business out of thin air. In addition to Oberlo, which
of the following items must you have in order to start dropshipping?
A - An inventory management system B - A reliable supplier
C - An established business entity, like an LLC
Note your answer on a piece of paper so you can share in the comment section later. Not
sure what the answer is? Check out this video for some helpful hints.
QUESTION 2: WHAT MAKES A GREAT DROPSHIPPING PRODUCT?
If you decide to start dropshipping, the first question you’ll ask yourself is: What should
I sell?
When it comes to choosing a product to sell, every entrepreneur has their own recipe for
success. But based on what we know from hundreds and thousands of dropshippers, best-selling
products tend to fit five criteria.
Which of these criteria is NOT one of the five criteria for a great dropshipping product?
A - It’s hard to find in stores B - It’s hard to guess the price
C - It weighs less than 1 kilogram (2 lbs)
Remember, write the letter of the criteria that is NOT one of the criteria for a great
dropshipping product. And if this question has stumped you completely, you may want to
check out this video.
QUESTION 3: HOW DO YOU FIND A RELIABLE SUPPLIER?
Say you’ve identified a great dropshipping product. It’s hard to find in stores, it’s
hard to guess the price and… oh wait, I’m giving away the answer to question
number two!
Your next step is to find a reliable supplier who will ship that product to your customer
on-time and without any promotional material. Oberlo makes this easy, because we identify
top suppliers with a gold checkmark next to their name. We call these suppliers Oberlo
Verified suppliers.
So here’s your question: Which of the following is NOT an advantage of working with an Oberlo
Verified supplier?
A - Occasional thank-you notes from the supplier B - No promotional materials or invoices
C - Faster average shipping times
Got your answer down on paper? Great. If this question wasn’t easy for you, make sure
to watch this video. You’ll learn everything you need to know about finding a reliable
supplier for your dropshipping business.
QUESTION 4: HOW DO YOU CREATE AN ONLINE STORE?
Once you’ve found a great dropshipping product and a reliable supplier, the next step is
to set up an online store. To do this, simply connect your Oberlo account to Shopify and
start building.
An online store can have lots of bells and whistles, but an online store MUST contain
some information in order to build trust with customers. Which of these pages is essential
for your online store?
A - Shipping policy page B - Frequently Asked Questions (FAQ) page
C - About page
Make sure to jot down your answer. If you need some guidance here, watch this video.
We break down exactly what kind of information you need to get your store up and running.
QUESTION 5: HOW DO YOU GET YOUR FIRST SALE?
Let’s say you’re ready to start dropshipping. You found a great product from a reliable
supplier, and you built a top-notch store. Now it’s time to reach that all-important
milestone for new entrepreneurs: The first sale.
There’s no one way to get a first sale. That said, most dropshippers get their first
sale in one of two ways. Which of the following is NOT a common way to get a first sale?
A - Instagram influencers B - Google ads
C - Facebook ads
Note the correct answer on your piece of paper. Whether you know the right answer or not,
we recommend you watch this video for creative tips and tricks on increasing dropshipping
sales.
BONUS: HOW LONG UNTIL YOUR FIRST SALE?
Before we start grading your quiz answers, we’ll give you one last shot to show off
your dropshipping expertise.
We just talked about how to get that first sale. But a lot of new dropshippers want to
know how long it takes to get that first sale.
We polled successful dropshippers to find out. Their answer? That’s your bonus round
question. Tell us:
How many days, on average, did it take our group of dropshippers to get their first sale?
Alright, time’s up! Share all your quiz answers, and your bonus question response,
in the comments section. I’ll grade your quizzes and give you the answer to the bonus
question.
If you got all the answers right, you’re ready to take your dropshipping knowledge
to the next level. Watch this video to do just that.
I look forward to grading your quizzes. And until next time, learn often, market better,
and sell more.