A drop shipping business is one of the quick, easy, and most low-risk ways to start with a business. You don’t need to put up a lot of money on the inventory because your drop shipping suppliers will handle all the deliveries to your clients.
Whenever your customer by a product from your drop shipping store with a retail price, you place the order from your drop shipping supplier with a wholesale price, then your supplier will ship the goods directly to your customer. The difference between the retail and wholesale prices is your profit. You don’t need a shop or warehouse.
So, except for saving the money of the warehouse, what else are the advantages of dropshipping?
- Most products can be sold in this way
- Time-saving and labor-saving as you don’t have to ship the goods out.
- Do not need up-front capital
Once you are going to start a dropshipping business, how to make money with a dropship business?
There are 4 steps to start making money.
1. Think about what will be the drop shipping best products?
- 1>. Trendy products, which popular for a short period, such as Fidget Spinner, RGB music sound controlled light.
- 2>. One product that is closely linked with your own interest, which you are most familiar with. For example, if you are a drop shipper and car enthusiast, you might to selling car parts, such as car lighting.
- 3>. Special seasonal products, like summer, football season, holiday seasons.
2. Find reliable dropship suppliers, which may be from Alibaba, Aliexpress, or other platforms. The drop shipping vendor not only provides quality goods but also guarantees the delivery time, shipping time, return policy, etc.
3. Setup your online dropshipping website with a unique design style, which is the main startup costs will be.
4. Marketing promotion, which is an important part of selling goods. You can promote your products through EDM, Google SEO, Google Adwords, Facebook ads, Instagram, etc.
Now, it’s time to build your own business from home with drop shipping.