Newly launched Profit Margin Calculator and Dropship Course

JACKSONVILLE, Fla. - July 10, 2024 - PRLog -- Inventory Source, a progressive Dropshiping Automation Software, has two new announcements to make.

They have launched:

Dropship Calculator - Helping the user determine the profit margin.

Free Dropshipping Course - Learn dropshipping fundamentals to grow your business successfully.

The Dropship Profit Margin Calculator

In a dropshipping business, it is important to monitor the profit margin so you can reinvest, thus the calculator will help in the growth of your business. As the profit margin differs from the actual cost that a product is sold, the dropship calculator will help you decide the right profit margins. The calculator gives profit margin by calculating factors like supplier price, margin, and the number of sales per month. Other aspects to consider are niche, competitor's pricing, availability, and marketing strategies. Combined, the calculated value will become the stepping stone towards business success.

Key Features of Dropship Calculator

• Precision Calculator - Provides precise measurements of your profit margins which is crucial for the dropshipping business.
• Sales Volume Analysis - The calculator lets you enter your anticipated monthly sales, enabling you to forecast monthly revenue and estimate potential profits from these figures.
• Comprehensive Formula - The calculator's formula effectively calculates your monthly profit margins by including both the Cost Of Goods Sold (COGS) and your set profit margin.
• Revenue Differentiation - The Dropship Calculator (https://www.inventorysource.com/dropshipping-profit-calcu...) distinguishes between net revenue and gross revenue, clarifying your actual earnings after expenses (net revenue) compared to your total income before any deductions (gross revenue).

Free Dropshipping Course by Inventory Source Academy

If you plan to start a dropshipping business, Inventory Source Academy will help you. They have introduced a free dropshipping course (https://www.inventorysource.com/dropshipping-courses/) that will help your business grow. In their first video, they shared the basics of dropshipping and its benefits. In the second chapter, they have explained the importance of the core players in dropshipping. The course will continue with timely video posting and will help you understand and learn dropship.

Key features of the Dropshipping Course

• Easy to Understand - The course will cover basic to advanced dropshipping aspects in a comprehensive curriculum.
• Tools and Technologies - Providing information about all the tools and their implementation.
• Supplier Sourcing Strategies - Guidance on how to find suppliers, negotiate terms, and ensure a seamless supply chain.
• Continuous Learning and Support - Throughout the course, they will continue to provide learning and support via different communication channels.

About Inventory Source

Inventory Source, founded in 2002 and based in Jacksonville, Florida, is the world's largest and longest running dropship automation software. They connect dropshippers with suppliers and help manage product catalogs efficiently, serving customers globally with advanced technology customized for online retailers.