So what is drop shipping? Drop shipping is when a vendor sells a product from a manufacturer, sends it to the customer and pockets the difference. The merchant never actually handles the product making it a clean and smooth transaction.
This style of e-commerce has grown popular because of the minimal start up cost and the fact that no up-front inventory is required.
Retailers and entrepreneurs have taken advantage of this business model, and it now makes up 33% of all online sales.
With the low barrier to entry, it has become an attractive option for individuals seeking additional income or a new career entirely.
With as little as $29 you can set up your website and have the mobility to make any place with wifi your office.
Without the need for physical goods, you take away the headache of dealing with logistics. With that being said you will be sacrificing some profit due to smaller margins, but that’s expected with the minimal investment in this model.
There is major upside with this style of selling including mobility, low costs, and the freedom to venture into the niche of your choosing.
Thousands of entrepreneurs are rushing to this form of e-commerce making money every single day. So what’s not to love?
Shopify does have a subscription fee of $29 a month but with a 14-day trial you can figure out of this is something you’re interested in, if not, no harm, no foul.
Here is a case study of a young man taking advantage of the Shopify platform and reaping the benefits.
So how do you start? (For the purpose of this article, we will explain building a website from scratch.)
A simple Google search won’t do the job, so take your time and do a thorough job.
When you finally have an item that you feel confident in, then you can move on to the next stage.
Find a Supplier
Whether you choose to go through Ali Express or another wholesale retailer make sure that you check out the product yourself.
Order a sample and verify that the item is worth the purchase.
If you can’t seem to find a supplier that has a good product revert to stage 1.
Once you have found a good supplier with a quality product, then you can start your website.
Build a Website
By using this free information, you can set up your online store in as little as a day.
Once you’ve made a website to your liking, then you can start your marketing campaign.
After launching the site, you’ll need to find ways to drive traffic to it.
There are many methods to do this; the most popular is utilizing the power of social media.
By funneling customers towards your store, you increase web traffic and maximize your potential for profit.
This step is critical, without the proper marketing campaign you’ll find that it’s near impossible to get organic sales.
Use these methods to get your first sale.
Set Back and Relax
If you take the right approach the site will generate income
Outside of you placing orders and fine tuning your website here, and there the site should take care of itself.
So set back and enjoy the fruits of your labor.
Now with every entrepreneurial endeavor results may vary.
Some make a killing using these methods, and some do not, it’s really all about covering your bases.
Don’t skimp out on the work because your results won’t lie.
There is a lot of money to be made by drop shipping.
With all the free information on the internet about this form of E-commerce, you can get started right away.
Like everything else, this will require dedication and hard work, but if you don’t cut corners, it will pay off.
With as little as $29 You can start your own business, I mean what’s the worst that can happen?