How to Start a DropShipping Business step by step.
What is Droshipping?
Before start dropshipping business we need to understand what is dropshipping? Dropshipping is a retail fulfillment method where you don’t keep the products it sells in stock. Instead, when a store sells a product, it purchases the item from a third party/supplier and has it shipped directly to the customer. As a result, the store owner never sees or handles the product.
The main difference between dropshipping and the standard retail model is that the selling store owner doesn’t own inventory. Actually, the store owner purchases inventory as needed from a third party – usually a wholesaler or manufacturer or supplier – to fulfill orders.
Now let’s see how to start Dropshipping business?
Step 1: Find a supplier/whole seller!
You need to check a few different possible suppliers. For example Aliexpress
You should ask a question before selling their products.
- How long it will take for an order to be shipped ?
- What shipping methods do they offer?
- Can you use their product photos?
- What is the delivery time of product?
- Do they handle multiple orders?
Step 2: Select products and find the best selling products.
This is one the most important step in drop shipping. You can check in Amazon,Ebay,Etsy and other online store and can find which are the most popular and trending products.
Step 3: Choose a selling platform
There are plenty of other online sites out there which are growing rapidly and getting a lot of traffic. You can check Shopify,Bigcommerce.
Also check : How to get more traffic to my website
Step 4: Manage your listings
When drop shipping, you will list your items in the same way you would if you had the stock on hand. You need to rewrite/rearrange some description of product so it won’t look same as supplier.
- After you have chosen your items from your supplier, you will list them on your store
- Once the item is sold, you will collect the money from the buyer and pay your supplier.
- The supplier will send items directly to your customer.
There are many advantages and Disadvantages of Dropshipping business.
Let’s first look at advantages of dropshipping business :
- Less investment is required.
- Easy to Get Started
- Flexible Location
- Low Overhead
- Wide Selection of Products
- Easy to Scale
Disadvantages of dropshipping business :
- Inventory Issues
- Less Margins
- Supplier Errors
- Sometime more shipping time
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