If you are looking to start your own business, dropshipping is the best way for you to go. In this guide, I’ll give you everything you need to start dropshipping and how to run your own business successfully so you can quit your day job and work on your own time and at your own pace. It’s easy than you think!
What is dropshipping?
Dropshipping is a business model where you don’t keep any inventory. You sell products online with no upfront costs or risks and only pay for orders when they are shipped. It is both an e-commerce and wholesale method built on creating relationships with manufacturers or distributors, like Alibaba, and then finding product listings that suit your needs. Most importantly, it’s really easy to do!
Let’s say you want to open a shop using pet supplies, but you don’t have the money or inventory, nor do you want to deal with the hassles of keeping inventory and shipping products yourself. So, you can contact a company that offers dropshipping, get a list of their products, and send them to your online store. It could even be adding products to your Shopify store.
When a customer places an order from your shop, you simply process the order by placing an order with the drop shipper and having it seen directly by the customer. You never have to touch the product at all, because it’s sent straight to the customer from the warehouse.
This works beautifully if you can find a reliable dropshipping company because all you have to do is act as a middleman by facilitating the sale and having it sent to the customer. The customer pays you first, and you use the money they paid you to order the product. You don’t have to have any money at all, beyond paying for your e-commerce domain or if you run a Shopify store, you will have to pay Shopify’s fee, to get started.
For both parties, this is a Win-Win!
1. Pick the right niche
If you’re trying to find the right niche for your dropshipping business, there are a few things you should keep in mind. First of all, you’ll want to make sure that it’s a product that has high demand but is low in supply. This way you can buy in bulk and sell for a markup.
You’ll also want to sell products with low returns rates so you don’t waste money on defective items. It’s important for you to not get too competitive with other sellers because it will likely drive down prices and cut into profits.
2. Pick the right supplier
Picking the right supplier can be a daunting task. You want to find the right product, but also you want to make sure that you’re getting your products from someone reputable. Here’re some things you should consider when choosing a supplier.
- The products they sell
- The customer service they offer
- Their reputation
- Shipping cost and time – Return policies
- Quality of their products
- Minimum order quantity (MOQ)
After deciding on a supplier, it’s more important to research how much it will cost for them to produce your items. Most suppliers have minimum order quantities or MOQs which means that you will have to spend at least $1000 before the item is in production.
Keep in mind that if your budget is tight, then this might not be an option for you until later down the line. If it is possible, I would recommend starting with just one item rather than six or more so as not to overcomplicate things in the beginning stages of building up your business.
3. Pick the best products
The first step in starting your dropshipping business is choosing the best products. This can be done by researching what’s popular online and comparing different stores’ prices. Remember, finding high-quality products that people want is the most important part of this process. With all of these considerations in mind, you should have a clearer idea of which product you would like to sell in your store.
4. Write a great description
If you are familiar with dropshipping, then you know that product descriptions are just as important as your marketing copy. If I can be honest here, a great product description can sometimes be even more important than other pieces of content because they serve as a way to increase customer confidence and build trust.
Remember: one thing customers have is to have very little patience for uncertainty. Because of that, we need to do everything in our power to remove unwanted fluff from our product description pages and replace it with writing detailed helpful descriptions.
Take a look at your dropshipping website now and ask yourself if you could improve or write better product descriptions (and don’t forget about including high-resolution product images). If so, it might be time to rework some things.
5. Set up your store
Setting up a dropshipping store can be as simple as creating a storefront on an e-commerce platform like Shopify, or you can use a service like Doba to handle all the heavy lifting for you. There’re also plenty of third-party services that make it easy for you to create your dropshipping website without needing any coding experience.
The first step is just getting a domain name and setting up hosting (don’t worry if you don’t know what this means, most hosting providers offer tutorials and guides on how to do this). You should then open up an account with one of the aforementioned platforms so that you’ll have access to their design templates. This will allow you to create your online shop without needing any coding experience.
The first step is just getting a domain name and setting up hosting (don’t worry if you don’t know what this means, most hosting providers offer tutorials and guide on how to do this). You should then open up an account with one of the aforementioned platforms so that you’ll have access to their design and templates. This will allow you to create your online store without any coding knowledge required.
6. Promote, promote, promote
A dropshipping business is not unlike any other type of small business. If you want to make more money, you have to promote yourself online. You may think that because your product is already available on platforms like Amazon and eBay, there’s no need to do much more marketing or promotion – but trust me, promotion is crucial to your dropshipping success as an entrepreneur and it doesn’t matter if you sell through third-party websites or directly from your site; it’s still important that people know what you’re selling!
What are the advantages of dropshipping?
If you’re looking to start a business, but don’t want to deal with inventory or logistics, then dropshipping is an attractive option for you. With dropshipping, you don’t have to worry about managing shipping schedules, dealing with delivery companies, or paying extra fees for customer returns.
It’s also easy to add more products and services when you’re getting bigger; as long as your company has access to printers and manufacturers, there aren’t any limits on what you can offer. Since everything comes from other businesses’ warehouses, dropshippers are also free from concerns about running out of stock.
If another company can fulfill your order at any time during business hours – all you have to do is set up an agreement beforehand – there’s no risk of not being able to serve your customers who demand instant fulfillment when they visit your online store.
What to look for when selecting a dropshipping course?
It’s always a good idea to follow these general tips when you selecting a good dropshipping course:
- Before enrolling in any dropshipping course, do thorough research. Make sure you find one that is reputable and has a solid track record.
- Ensure that the course covers all of the fundamentals, such as how to build up your store, identify things to sell, find suppliers, and dispatch orders.
- Seek feedback from others who have taken the course you’re thinking about enrolling in. This will give you a better notion of whether it’s worthwhile to invest in.
My Top Recommended Dropshipping Course
If you are just getting started with dropshipping, a good starting point would be to enroll in the Ecommerce Empire Builders course, which is one of the most comprehensive courses, helping business owners from all backgrounds and experience levels build a profitable online dropshipping store.
What is Ecommerce Empire Builders?
The Ecommerce Empire Builders is a masterclass that teaches any enthusiastic individual who wants to make 5-6 figures with dropshipping.
What are the contents of the Ecommerce Empire Builders Course?
When you join the Ecommerce Empire Builders Course, you will have complete access to the following modules:
Module 1: Mindset Change
This is a thrilling module since it is here that your mind will be reconditioned for success. You’ll learn how to plan your day to achieve excellent results every day. You’ll be trained to get more than 99% and discover how to buy time back to develop a successful enterprise.
Module 2: Markets and Opportunities
This section will teach you to choose the most profitable niche and the most useful items. This will save you a lot of research time. You’ll discover how to build deals that will entice other consumers to become yours.
Module 3: Funnel and Continuity
You’ll be able to grow your continuous sales at this stage. Remember to use a high-converting and easy-to-use template. Wow! You’ll have it up and running in less than a minute.
You’ll also be pleased to learn how to maximize your earnings from every purchase consumer. It is guaranteed that you will learn to use the increasing sales technique at a 30% rate.
Module 4: Email Marketing
Email marketing is one of the most crucial and least time-consuming tactics for growing your business and earning thousands of dollars. This module will teach you how to automate your business to see 24 hours a day, seven days a week.
You’ll be able to rapidly and easily expand your email list, create an email list that helps you to generate sales 24/7, and earn $3 per month in every email, resulting in $3000 in monthly sales.
Module 5: Organic and Influencer Marketing
In this training section, you’ll make your first sale using low-cost traffic. This session is another approach to earning money and learning how to control a niche on all social media sites. So, even if the products haven’t been heard about before, it’s ok since you’ll learn how to make your product widely recognized in this module.
Module 6: Facebook Marketing
Facebook advertising is the most effective method for convincing your target demographic to purchase. So, at this point, you’ll master how to automate Facebook advertising to generate consistent sales. It’s good to have the commercials running since you’ll never have to worry about them again.
Module 7: Sales Channels and Scaling
This is where you’ll discover how to take your business past the six-figure mark. You’ll discover how to outsource important aspects of your business and build a Rockstar team. It is also helpful to learn about branding your company and products to achieve optimal growth.
Why get the Ecommerce Empire Builders Course?
The Ecommerce Empire Builders Course is not your basic course, as you may have seen on other websites. Everything an online entrepreneur needs to be successful is available here. Here is an overview of the benefits you’ll receive if you take this course:
- Complete the Ecommerce Empire Builders master class program, which takes seven weeks and costs $2,997.
- Elite Mastermind Access, valued at $1,997.
- Weekly access to questions and answers in a recording, valued at $4,997.
- A private 7-Figure Funnel library worth $15,000.
- And various other bonuses…
My Top Recommended Wholesale Directory Platform
If you’re starting out your dropshipping business, then I highly recommend you check out SaleHoo. SaleHoo is a wholesale directory service, and they are not a manufacturer of any product. Still, the platform has become a prominent supplier in the eCommerce space in China, the UK, Canada, and the US.
How can SaleHoo help your dropshipping business?
SaleHoo intends to help all eCommerce businesses by providing all the essential tools required for dropshipping and online selling. You can directly get in touch with the suppliers and buy the best-selling goods in every niche.
The problem that SaleHoo solves is that they eliminate the long and tedious process of testing different wholesale products. SaleHoo gets this done for you.
All you have to do is to contact the supplier that you need for your product, place the order, and then SaleHoo takes over. It is also the trust factor working in your favor because you can develop a long-term association with the suppliers that might help you in the future.
All you need to do is get in touch with the suppliers that have the products you want to sell, and start to build up the relationship.
How does SaleHoo work?
SaleHoo provides you with the opportunity to find the right wholesaler for your business. You have the choice to find the manufacturer that can match your quality requirements.
You can talk to the supplier directly, as the supplier details are shared by SaleHoo. There you can share your quality requirements along with the item count and minimum order numbers, and get an estimate for the cost & delivery date.
SaleHoo accelerates the whole process of choosing the right supplier. You will find multiple suppliers with a wide range of quality and quantity of products at the right price.
If you’re interested in starting your own dropshipping business, it can seem a bit overwhelming. There’re lots of details to figure out and many people will tell you how easy or hard it is, depending on their experience.
Like anything else though, anyone can start his or her own dropshipping business, including you! The 6 tips mentioned above should help get your first dropshipping store off on the right foot, but don’t forget that there’s no substitute for hard work.
Keep learning and growing as an entrepreneur, there’re always more opportunities to take advantage of and things to learn. When you put enough time and energy (and let some money ride on your success), even small successes will feel like giant triumphs!
I wish you all the very best in starting your dropshipping business :)
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My name is Sujoy Mukherji. I am an Internet Marketer, Entrepreneur & Professional Blogger. Founder of the Affiliate Hub Blog.