In this article, I’m about to explain what exactly is Dropshipping and how to start Dropshipping. To start with the basics of drop shipping business I’ll tell you that the Dropshipping is
a retail fulfillment method where a store doesn’t actually have any products in their stock.
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What happens when a product sells from the store? The store purchases the product from a third party and has that product shipped directly to the customer. So drop shipping business means the merchant doesn’t handle the product at all.
With the companies like Amazon, eBay, Shopify, and a dozen of other online retail platforms, just about anyone can start an online shop. All you need to start is $20.
How To Start Dropshipping & What Makes Drop Shipping Business Such An Excellent Business Model?
Now that we covered the basics of drop shipping business, you can start thinking about launching your own drop shipping business.
Just like every other business, if you want to be successful in it you need to be focused and very committed. So the question how to start dropshipping is pretty easy. Work, work, and more work. It doesn’t matter if you work full time somewhere as long as you dedicate a little time every single day. The results will come.
Drop shipping is really just another name for the Arbitrage. That is a fancy term that means you find cheap products and sell them at a higher price. It’s as simple as that.
The great thing about drop shipping is:
- Extremely easy to set up a store
- There is no need to worry about the inventory.
- Millions upon millions of products for you to sell.
- You can set up a store from exactly anywhere in the world.
How that we’ve explained how to start dropshipping, it’s the right time to go through the needed steps to start your own drop shipping business. In other words, you’ll learn what steps to go through to start your own drop shipping eCommerce store.
Pick Your Niche
One thing about picking a niche is important to mention. You might have heard already that you’ll be very successful in any niche. That is not true at all. Without any real knowledge about the niche you got into, you won’t be able to tell the difference between a good product and a bad one. You know that there are good quality products for the extremely low price, and there are completely opposite to that. Very low-quality products for a high price.
You really need to know your niche. Picking a niche you fully understand gives you a certain advantage over your competitors.
How To Make Money With Dropshipping Business Model?
With all the previous steps being done, it’s time to start selling. How to make money with dropshipping looks much clearer now, right? 🙂
You need to decide how you want your products to get in front of your prospective customers. There are several options available out there. Most popular ones are selling on your own store, selling on eBay, or on Amazon.
eBay – Pros & Cons
Starting with eBay can be very successful from the very start. You literally start selling from the very first moment you list your products there. So, create an account, add some products and voila!
When you list on eBay you actually have the enormous buyers base that is regularly buying on eBay. There are gonna be millions that will see your listings. That’s sweet! Not to mention that the gigantic and very active market that eBay has will surely help you to get a more than a decent price for any of your products.
Just because you’re able to piggyback off eBay and it’s gigantic platform, you don’t need to worry about marketing. There is no need for SEO which is very good. You won’t have to pay for the traffic which is also quite nice. There’s a lot of time and money saved with these two aspects.
The Cons of selling on eBay could be the fees you will have to pay in order to even be there. The success fee is also not so cool. It can be up to 10% of the sale prices of your items.
Dropshipping Business With Your Own Online Store
The alternative to selling through a third party site like eBay is your own store. This method is actually the most popular among people interested in building a successful drop shipping business.
With your own store, you actually have all the control you need over your store and over your business. You can customize the look of your website, as well as creating custom product pages.
Building your own eCommerce store is extremely easy these days, especially with platforms like Shopify. You simply choose a store design out of hundreds of different options, make any customizations you could imagine, add some products, take care of payment gateway and off you go with your fully customized and fully functional store.
How To Find A Reliable Drop Shipper
Of all the previous steps this one is likely to be the most important one. Here you either make it or you break it. If you want to know how to start dropshipping first you have to know that finding a reliable drop shipping supplier is absolutely essential.
Luckily for you and for your drop shipping business, I have The entire directory filled with most desirable and reputable sellers ranging from cosmetics to power tools.
There are some step-by-step methods to follow in order to figure out which one is good and reliable drop shipper.
Like almost everything else the same goes with the question of how to start dropshipping. Google has the answer for everything. Google is a fast way to find wholesale dropshipping companies, but it comes with some risks.
The easiest way to find what you want on Google is by doing this: [Your Product] + dropshipper
There you go! 548,000 results! That is crazy! How do I know which one of those is a reliable one? It could take forever to check them all out. Are they any good? Who on Earth knows that?
It would take forever to check them out. You could just go all in and risk with one or even a few of those, right?
SaleHoo was created by a couple of successful eCommerce store owners who had a similar problem of finding the great reliable suppliers. There was also a very big concern about falling into a scam. All that let to creating The Directory.
SaleHoo is essentially a supplier directory site which very thoroughly investigates all the suppliers before they are added to the categorized list. The question how to start dropshipping has the answer with SaleHoo. What are the benefits of The Directory?
- Low risk of scams. Actually, you are not going to be scammed by SaleHoo’s suppliers.
- It’s much easier to search using the filter search. Results are based on exact specs you need.
- Faster search – very quickly finding suppliers’ product offerings and all the necessary contact info.
I think I covered all the most important pieces of information I had in mind. Please do contact me if you think there’s something I left out.