Start Guide To Making Money In The Online Dropshipping Business
products to start a business right? Well if you don’t have your own
products then you need to find some good ones. You need to have a good
feeling that the products will sell and you need to know how to find
customers. Once you have mastered these things you will succeed in the
dropshipping business so be sure to read this article in full.
I really make money with Dropshipping?
Yes you can if
you know what you are doing. The alternative to dropshipping is to buy
in bulk from a supplier and then hold the products in stock. But this
can be risky as you will have to pay for your stock in advance and
then hope that you can sell all of your products.
It is better to
find a dropshipping partner so that you can avoid these risks. You
will be able to start your online business quickly and with very
little investment. There is no stock for you to hold as they will ship
the products directly to your customers. This is a very popular online
model and it is estimated that 20 – 30% of ecommerce retailers use
to make money online Drop Shipping
The good thing
about dropshipping is that it is not a business where you need a lot
of money to start. You will need a domain name and a web hosting
account and an ecommerce platform to sell your products. You can
populate your store with thousands of products without having to stock
any of them.
The first thing
that you need to do is find a popular niche. You also need to decide
whether you are going to sell high volume / low margin products, low
volume / high margin products or those in between. On some low margin
products you will only make a few cents on each sale whereas high
margin products can bring you a good profit.
You must do
your homework here. What is the demand for your products? What do
similar products sell for on competing websites such as Amazon? What
is your profit on each product after paying dropshipping costs? How
will you advertise your ecommerce store to potential customers? What
markets will you operate in?
There is a lot
of work involved in setting up and developing a dropshipping based
ecommerce business. Make no mistake about it there is far more to it
than just creating an online store and adding a range of products.
Some people think that if they build it then people will come – this
is very unlikely.
Drop shipping is a trusted model for online business. There are plenty of ecommerce businesses who make very good profits consistently with this model. Even huge retailers like Sears use the dropshipping business model so that they are able to offer a wider range of products to their customers.
Drop shipping partners for your Business
It is always a
good idea to test out potential drop shipping partners before you
partner with them. This means that you should test out the order
process and see how customer friendly it is. You need to be confident
that the process is easy. Also find out how long it takes to ship
products to customers in different parts of the world and how they
Order a product
so that you can test the quality of it. Things can look great in
photographs but until you get them in your hands you will never know
how really good they are. If you are not happy with the quality of the
products then do not sell these to your customers. If the drop shipper
has reviews on their website check out how other customers feel about
You need to
find out the following from potential dropshipping partners:
How long does it take to process a customer order and
have it ready for shipping?
How are the products shipped? This is really important
if you are targeting a market like the USA and your supplier based in
a country like China. DO they use FedEx and UPS? Or do they only use
the postal service?
Can you (and your customer) track the progress of the
If shipments get lost what is the procedure?
Are there warranties with their products?
shipping suppliers to deal with are:
Alibaba (you can find drop shipping suppliers here)
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