Ever wanted to freedom of working from home? Ever dreamt about being your own boss? Want to have the possibility to make a large amount of money for a minimal amount of work?
Start a Dropshipping Business
Starting a dropshipping business is a great way to make money. Whether you want to do it as a side hustle or turn it into a full time job, you can have a business up and running in no time. There are plenty of ways to run a dropshipping business, this guide will teach you how to do it with NO upfront cost at all.
What is Dropshipping
If your not sure what dropshipping is, I will quickly explain. Dropshipping is a form of buying and selling things, usually online. The biggest difference with dropshipping is you don’t actually buy the product before you sell it. You will post the product for sale, and when someone buys it, you place your order with your supplier and they ship it directly to the end customer. Its a great business because it has little to no upfront cost and you don’t ever have to touch the product you sell.
Should I Become a Dropshipper?
My answer to that question is why not? If you like having some extra money, and have a couple spare hours a day, then why not. There are other dropshippers making five, six, even seven figure incomes. You do not need any experience in running a dropshipping business, everything you will need to know will be discussed in this guide. My favorite part about dropshipping – Work From Home
How Do You Get Started
Starting a dropshipping business is pretty easy, but getting started can take a few hours. This guide will help make sure there are no bumps in the road and have you up and running as quickly as you can. There are 4 main steps to starting a dropshipping business,
- Deciding on products to sell
- Finding a good supplier for your products
- Getting your products online for sale
- Advertise your products
First Step – Deciding What to Sell
This is the obvious first step. Alot of people will tell you to pick a niche, and you can if you want to but I will tell you, I found it alot easier to succeed when I decided to just sell whatever would sell. I found that if I spent some time researching products that are popular, I had way higher odds in making sale.
Whether you decide to pick a niche, or decide to sell popular products and not pick a niche, be sure not to ever do it at the beginning. You should pick 15 to 20 products, and stick with them for the first couple of months. It can get quite overwhelming in the beginning, so if you pick to many products to sell, you will have alot of product descriptions, and alot of ads to manage.
Second Step – Finding a Supplier
Once you have decided what products to sell, you need to find a supplier to supply you with the products. There are alot of options to choose from when finding suppliers. I suggest picking suppliers as close to your target market as possible. This is a good idea so shipping doesn’t take to long. When I started, I would order my products from China, and sometimes shipping takes 4 to 5 weeks. Your customers will not like that long of a wait and may request a refund or leave negative reviews.
Here are a few places to look for suppliers, or for more options use Google.
- Oberlo – https://www.oberlo.com/
- Salehoo – https://www.salehoo.com/
- Dropship Direct – https://dropshipdirect.com/
There are literally hundreds of places to look for suppliers, these are just three of the ones I have and do use.
Third Step – Getting Your Products Online for Sale
You have hundreds of options when it comes to selling your products. If you don’t mind spending a bit of money to start your business, you could create your own online store.
If like me you want to start your dropshipping business with NO upfront cost, then you can sell your products on online marketplaces. I had alot of success doing this. The number one marketplace I have sold my products is Shopify. Making a account on Shopify almost doubled my sales in two months compared to any other marketplace.
Other online marketplaces I use
I do use other marketplaces but these four make over 95% of my sales, and picking to many marketplaces can make it hard to manage.
When you are making your ad for your product, be sure to add pictures, and a great product description. People want to know that the person they are buying from knows what they are selling. Make sure your product descriptions are accurate and clear.
Forth Step – Advertise Your Products
When it comes to advertising your products, you have a few options as well. You could use paid advertising which I have done on Facebook, or you could use free advertising. I paid for Facebook ads for a while and it was making sales, but the number one place I found that worked best was Pinterest.
I definitely recommend using Pinterest for almost all your advertising, I add no more than 10 pins a day and it counts for almost all my sales. It has worked better than any other advertising I have ever used and its free. Take a few minutes to look up how to make good quality pins that will get noticed and it will be a game changer especially when you are just beginning.
As with any business, online or offline, there will be learning curves. There will be times in the beginning when it doesn’t seem worth it because the payout may not be worth the time your putting into it. Don’t give up, if you find good products, and market them, they will sell. How much you make depends on how much time and work you put into it.
I hope you found some of this information helpful. Thanks for reading and good luck!