Dropshipping is a way of starting an online business that is easy and low risk. Dropshipping suppliers will ship the product directly to your customer. So you don’t have to worry about Supply Chain such as logistics packaging and shipping.
It has many benefits including: low investment, access to products from anywhere in the world without paying extra for international shipping, and control over your own work schedule.
In this blog post we will go over everything you need to know before getting started with Dropshipping!
What is Dropshipping?
Dropshipping is a great way for entrepreneurs with limited resources or time to start their own online business. Without having to worry about warehousing, inventory management and shipping orders themselves.
People love buying from eCommerce stores that make it easy and convenient to shop. Dropshipping is a good option for startups and beginners.
Because it’s inexpensive, easy to set up and requires no minimum orders. It also allows you to build your own eCommerce website or mobile app with just basic coding skills.
In addition, the business model scales easily as there are no limits on how many products you can sell online.
In general, dropshipping is a very good business model for new e-commerce entrepreneurs because it’s affordable and profitable.
It doesn’t need a lot of investment to get started.
You don’t need a warehouse, huge team, or costly inventory since you don’t have any overhead costs.
Even, you can sell high-ticket items without any stock-acquisition expenses if you use third party platforms.
Dropshipping is a great way for newbie e-commerce entrepreneurs to start their own business since it doesn’t require any significant financial backing.
What is the Difference between Affiliate Marketing and Dropshipping?
While both allow you to start a business without investing in inventory, the two are quite different.
Dropshipping allows you to build a brand around other people’s products and even determine pricing of items. Affiliate marketing only allows you to earn commission as the price is set by the seller not the affiliate.
You can sell your own unique product line or promote one developed by someone else with dropshipping.
Because there isn’t any up front investment required on your part.
On the other hand, many affiliates don’t have their own products so they must work within an existing market framework designed by others instead.
Both approaches offer advantages depending upon how you want to create value for customers through an online store vs using ads alone which require money upfront to start an ecommerce store.
Its good for beginners because people who are new to dropshipping may not have a large budget at first.
In fact, you can start with as little as $100 if this is your first time starting the business. However, I recommend preparing between $500 and $1000. Because it will make running the business easier and you’ll be able to experiment using paid advertising methods like Facebook Ads or Google Ads.
Here is what you need to get started:
An eCommerce platform – Shopify store
WooCommerce etc Payment processor and gateway – PayPal, Stripe Customer acquisition plan
Dropshipping services such as Oberlo,
Is Dropshipping a reseller program?
Nope! Dropshipping is not a reseller program in the typical sense because you must acquire goods at a significant discount and afterwards resell them to your clients.
Regardless of whether or not it’s legal in some countries. Many people still think that this business model is unethical on account of how there is no real relationship between the manufacturer and their end-customers.
In traditional retail businesses, manufacturers work closely with retailers. Who pay for products upfront while also incurring costs such as storage space and staff members’ salaries. Which enable them to sell these items at marked up prices.
The retailer would then be obligated to pass on part of that profit back into the hands of the manufacturer since they were able to generate sales by working.
How does Dropshipping Work?
Dropshipping firms follow the same three phases.
- The first stage is to open a merchant account with a bank or credit card firm that gives you transaction processing capabilities.
- The second step is to seek out companies that offer items you want to sell. You can discover a variety of suppliers using Google searches or Facebook ads.
- The third stage is to set up a web store using any of the eCommerce platforms, such as Shopify, WooCommerce, etc.
- After that, sell your goods and earn money anytime someone buys them.
Here below are Complete details step by step how to get started.
The first step is to identify dependable partners. If you want your consumers to talk about your goods and your shop, you’ll need the appropriate supplier.
You can use search engines to find dropship providers in your field. It is not recommended to go with the cheapest option if price isn’t a factor in your selection.
However, you should pay attention to the quality of their goods and customer service before making a selection. If you’re unsure about someone, it’s better to avoid them now since once you start selling their items. It’ll be tough to shift suppliers later.
The next step is
Setting up your Store
Now it’s time to set up your store and fill it with items supplied by your supplier(s). To construct your Store, select a trustworthy eCommerce platform like WooCommerce or Shopify.
Then, use a dropshipping service that allows you to add items through plugins or scripts, so that integrate your eStore with it. This should be straightforward for most of the services.
This process won’t take more than a few hours and you can start selling products.
The next step is
Once you are done with setting up your store, you will need to promote it. So people start finding your products. You can use Facebook ads or Google Adwords at this point as a way of driving traffic and sales.
Your marketing strategy should be effective in terms of bringing more customers without spending too much on ads than what is being generated from the sales themselves.
If that’s not the case, then you might need to consider adjusting your strategy.
The time is now! If you’re new to ecommerce or have been on the fence about starting a business, this dropshipping guide will help get your wheels turning. I hope it inspires you as much as it has me and helps lead you to success with a low-risk, low-cost market entry strategy. That can scale quickly if done right. You don’t need any previous experience–just some dedication and creativity. With these tips in mind, go out there and create your own pathway to financial freedom!