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Questions and Answers
What is a key consideration when formulating a selling/dropshipping strategy?
What is a key consideration when formulating a selling/dropshipping strategy?
- Identifying profitable niche products (correct)
- Focusing solely on high-demand products
- Targeting a broad range of unrelated products
- Relying solely on trending products
What is a potential risk of dropshipping?
What is a potential risk of dropshipping?
- Guaranteed high profit margins
- Unlimited stock storage options
- Direct control over shipping and fulfillment
- Quality control issues (correct)
How can a seller mitigate the challenge of long shipping times in dropshipping?
How can a seller mitigate the challenge of long shipping times in dropshipping?
- Relying solely on customer understanding
- Ignoring shipping times as they are not crucial
- Opting for the lowest cost suppliers
- Choosing suppliers with faster shipping options (correct)
What is a key factor to consider when formulating a selling/dropshipping strategy?
What is a key factor to consider when formulating a selling/dropshipping strategy?
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How can a seller mitigate the challenge of long shipping times in dropshipping?
How can a seller mitigate the challenge of long shipping times in dropshipping?
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What is a potential risk of dropshipping?
What is a potential risk of dropshipping?
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