VBL Dropshipping Quiz. - Vivibosslink

VBL Dropshipping Quiz

So, you think you know dropshipping? Lets see what you got!

Note; We understand that since dropshipping is entrepreneurial, there are different approaches to solving the same problem, so we are giving points to answers we believe are more practical, Nevertheless, there is a "comment box" on each question, where you can briefly tell us why you chose your answer. We love reading the comments!

Please also note that the email field is "not required" so you can choose not to put it. You'll still see your results on the web page. But if you do choose to put it. You'll also get a copy of the results emailed to you.

Now have fun with this quiz!

May 8, 2022

10 Multi-choice questions.

Quize time; 5 minutes

Name

Which of these best describes dropshipping?

Dropshipping is the business of selling cheap products from China at a high price in the US through an online store and Facebook ads.

Dropshipping is an e-commerce Fulfillment model where a merchant doesn't hold products in stock, he instead has a supplier for the product(s) he wants to sell at a markup price, so when he gets an order, the supplier ships the product to his customer.

Dropshipping is Print on Demand

How much does it take to start a dropshipping business?

You need to have a minimum of $100

You need to have between $500-$1500

There is no universal amount. On the average, most people can start a dropshipping business with $100-$1500

What is the best web design platform for dropshipping?

Shopify

Woocommerce

There is no best. It really depends on the user and the features he prioritizes.

Which of these is the most effective way of researching a dropshipping product?

Finding a winning product

Researching a product marketing strategy

Finding an unsaturated niche

Which of these statements is most correct about a high CPC and CPM in digital marketing?

A high CPC and CPM indicates that an ad is not profitable.

A high CPC and CPM indicates that an ad is not optimized.

A CPC and CPM rate is a result a number of various such as the audience demographics, the niche, ad engagement and competition.

Which of these is most correct about ecommerce sales tax?

You pay sales to only the country/state where you dropship once you’ve reached any applicable thresholds for remitting sales tax.

You pay sales tax to your country of residence alone.

You pay sales tax to your country of residence and every country where you dropship products.

How can you ensure faster shipping times when dropshipping?

Ship products using Aliexpress epacket

Use a supplier that ships products from a location in your target country

Nothing can be done about it, just tell your customers to be patient

Which of these is an effective way of scaling Facebook ads?

Increase product price immediately after you get your first sale

Increase your daily ads spend immediately you get your first sale

Wait a while after you get your first sale, for example; 7 days, to allow the Facebook algorithm to gather more data before increasing ad spend.

Mr Jones has a dropshipping website called “Prettybear” he wants to incorporate a company and needs to know if he can incorporate it with his preferred name “Jones LLC” or if it's better to do so, as “Prettybear”? Advise Mr Jones.

Mr Jones can incorporate his business name as “Jones LLC” since that is what he prefers, then register a DBA with the name “Prettybear” to tally with his domain name

Mr Jones should incorporate his business name as “Prettybear” to tally with his website domain name prettybear.

Incorporating or registering a business has no advantage, he should forget about it.

Is dropshipping a long term business?

Absolutely, it is

No, its not

Don't worry about it, just make money