Maximising Dropshipping Profits, Not Just Revenue (Episode 28)

👉 Ready to start your own online store? Start here: https://dropshipunlocked.com/start?utm_source=podcast&utm_medium=podcast&utm_campaign=ep28-Maximising-Dropshipping-Profits-Not-Just-RevenueGet your copy of Lewis’ new book - The Home-Turf Advantage ➡️ http://htabook.com?el=podcast 🗣 In this episode of the Dropship Unlocked Podcast, hosts Lewis Smith and James Eardley delve into the world of dropshipping profitability. They discuss how running a business is not just about revenue but more importantly about maximising profits.👉 Prefer to watch this on Youtube? Check it out here  ➡️  https://youtu.be/9WsnUt973Sw?si=Ld_vriPPE05crgWa Topics Discussed:★ Profit Margins Defined: Lewis and James clarify the difference between gross and net profit margins, highlighting their significance for dropshipping businesses. ★ Optimising Google Ads for Profit: They discuss bid strategies, such as 'Maximise Conversion Value' with a target return on ad spend, to ensure profitable campaigns.For Aspiring Business Owners or Side Hustle Seekers Based In the UK…New Book Reveals How To Launch A Low-Maintenance High-Profit E-Commerce Business Using The UK "Home-Turf Advantage”…While also enjoying more time with your family, being free to travel, and setting the hours you work.Click here to get your copy >>> http://htabook.com?el=podcast Key Takeaways:★ Profit margins, both gross and net, are crucial for understanding a dropshipping business's financial health.★ Factors such as supplier negotiations, order quantity, and profit margins play a significant role in dropshipping profitability.★ Focusing on profit, not just revenue, is essential for long-term dropshipping success.★ Optimising Google Ads for profit involves bid strategies like 'Maximise Conversion Value' with a target return on ad spend.FOLLOW:Instagram: https://www.instagram.com/dropshipunlocked/Twitter: https://twitter.com/DropshipUnlockdLinkedIn: https://uk.linkedin.com/company/dropship-unlockedYoutube: https://www.youtube.com/c/dropshipunlockedlewissmithWebsite: https://www.dropshipunlocked.com/Thank you for listening to the Dropship Unlocked Podcast! 🌏Want to create location, time and financial freedom?Watch Our Free Training ➽ https://dropshipunlocked.com/start?utm_source=podcast&utm_medium=podcast&utm_campaign=ep28-Maximising-Dropshipping-Profits-Not-Just-RevenueLewis Smith,Dropship Unlocked,DropShipping unlocked Review,Dropship unlocked by Lewis Smith,Lewis DropShip unlocked,Smith DropShip Unlocked,Dropship Unlocked Podcast,★★★Dropship Unlocked - Lewis Smith★★★How to Launch a UK Dropshipping Business Offering Next-Day Delivery......Even If You Don't Yet Know Which Products To Sell🌏Watch Our Free Training ➽ https://dropshipunlocked.com/start?utm_source=podcast&utm_medium=podcast&utm_campaign=ep28-Maximising-Dropshipping-Profits-Not-Just-RevenueJoin Lewis Smith, Founder of Dropship Unlocked as you build and launch your high-ticket dropshipping business.📺 Don't Forget to SUBSCRIBE to our Youtube Channel! (Its Free)