In order to do your profit margin research, you will need to have the wholesale prices from your dropship or wholesale suppliers. If you already have these prices, then this will simply be a refresher course. Many times suppliers will simply tell you that you can work with their products online, but they do not offer the wholesale prices to you immediately.
At this time you should contact every potential supplier that meets the niche research criteria & get a wholesale price list from each of them. This will allow you to compare retail prices online with competitors to determine what will give you the best profits! As well determine what is needed for their best prices. This may require an upfront order. Some suppliers will allow you to get their best prices if you place an order of the discount amount, but do not receive the order. So if they will give a deeper discount for $500, then you can get that same discount many times if you pay $500 up front & then have them ship out the products when they are needed.
Get your wholesale price list and the requirements for the best discounts before you move to Dropship Profit Margin Research - Part 2
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