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Trial and error are an inevitable part of doing business. As entrepreneurs, we find that mistakes are sometimes needed to produce breakthroughs. As the ancient Chinese proverb says about learning from our mistakes, “Failure is the mother of success.”
Indeed, there is no replacement for hands-on experience when dealing with real-world problems while running our own businesses. Some missteps may be unavoidable, but you can save yourself from costly mistakes and years of wasted time by learning from these lessons that I learned the hard way.
With the clarity of 20/20 hindsight, here are five things I wish I knew before starting a dropshipping business:
1. Put emphasis on product quality
If I could go back to the time when I first started dropshipping, I would have told my younger self to put product quality above everything else.
I wish I knew I shouldn’t trust product quality without seeing the product itself.
A lot of dropshippers source their products from AliExpress and Alibaba, which are great platforms. However, don’t do what I did, which was choosing the supplier with the cheapest prices.
That was a big mistake, because suppliers would compromise product quality