Anyone looking for simple and riskless ways to start an online business has probably heard about dropshipping. People want more from life: more ways to make living and more opportunities for their loved ones. Working a regular 9 to 5 job isn’t the goal anymore: now everyone is seeking something that can provide a steady income and free them from the usual daily routine. These kinds of opportunities are possible with drop shipping. So, what does drop ship mean?
Dropshipping is a kind of online business that you can run without maintaining inventory, warehousing, or shipping products to customers. You as the seller don’t even have to physically interact with the product.
This simple business model can be adopted by anyone. This is the general idea of how dropshipping works:
- Select a niche for your online business
- Webaxoo will develop a website for your online store.
- Find a dropship supplier to partner with and select the products appropriate to your niche (We highly recommend choosing Aliexpress, as it is one of the most widely known and advantageous online platforms)
- Transfer pictures and descriptions of the chosen products to your website and set a higher price
- When customers order something from the online store, purchase the item from the dropship supplier that you’ve chosen (note that this process is automated)
The packaging and delivery process is the responsibility of the dropship supplier.
Your profit is the difference in the price of the product on the dropship supplier’s store and your online store.
Dropshipping is a business that has limited downsides and is easily accessible to everyone, especially the young and inexperienced. It provides an excellent opportunity to create your own online business and quickly get accustomed to the ways of e-Commerce business.
For an experienced entrepreneur who already knows all the ropes of the e-commerce business, it can be a great additional source of income, as well as a new challenge to find and develop new business.
As a business model dropshipping has its advantages and several aspects that make it preferable over other types of businesses. Here is a list of the benefits of dropshipping:
- Low risk
There is no need to spend huge amounts of money like in other businesses. With the dropshipping model, there is no need to maintain stocks and physical stores, buy products beforehand, or hire employees. The only costs are related to the technical store operation and paid promotions necessary to attract visitors to the store.
- Easy start
It can be a great start for people that are just getting into the e-commerce business. No special skills or relevant background is required. All that is needed to run a dropshipping business is a computer and a stable Internet connection.
- A broad selection of products
Right now there is a drop ship supplier for almost any kind of product. Carefully choose a niche, analyze the competition, research the audience, and monitor their behavior. This will help you discover trending products and focus on them. And don’t be afraid to experiment: who knows, maybe you’re the person who finds the next big thing.
- Time savings
As mentioned before, in the dropshipping business there is no need to deal with physical products.
Although the seller can purchase products for test purposes, make sure the physical products match the description and be reassured that the product is worth selling.
In the traditional retail business, if your store receives two times the number of orders, you’ll need to do two times as much work. But the dropshipping business allows you to delegate the majority of tasks to your dropshipping supplier as they are the ones responsible for the orders. This opens up more time for you to develop your business plans and scale your business.
It’s a relatively new and attractive selling method that’s easy to set up. It requires almost no starting capital, any specific knowledge, or special skills. You only need a desire to create and manage your Internet store and to run a business that allows you to satisfy customer needs without having to maintain or keep track of the inventory. All you do is manage the product’s purchasing process and advertise the store to a relevant audience. Good news: both of these tasks can be automated and run in a time-saving way!
Yes! When you are dropshipping, you are not ‘fooling’ anyone, and you are not breaking any laws. You are simply helping other people receive the items they want – and enjoy the perfect customer service you provide.
However, pay attention to your choice of products. It is illegal to sell branded, copyrighted items, or things like weapons (even their sports or hunting models), knives, smoking mixtures, etc.
First, it should be something that you really like – or, at least, know deeply. You will be picking products, making advertisements, and advising customers, so you absolutely need to be a pro in this.
Also, this niche should be popular with buyers and easy to promote online. Here is a complete niche selection guide that will help you!
You are not limited to your local market. You can serve customers all over the globe, even in the countries of Europe and North America. Remember your store niche and think about who might be interested in these products. Where do these people live, most likely? That’s your target region!
Our team will connect your store directly with the supplier store throw a WordPress plugin so that you will easily import supplier products on your dropshipping website. Basically, it transfers the products’ titles, descriptions, and images in a single click. So, all you need to do is browse the supplier and find good-quality products from reputable sellers.
To make a profit from your store, you first of all need to attract traffic to it. There are lots of ways to promote your store online for free, so pick the ones you personally like. Also, read the free marketing tips for Dropshipping businesses: an experienced team brings them to you every week!