Planning to start up your own business but you do not have enough capital and resource to do so? Then, drop shipping business could be your best option.
How does it work?
A wholesale drop shipper or suppliers will provide you an option of not buying their items yet, unless you have sure buyers. Meaning, you can start marketing their products, even without the need of investing.
Advantages of drop shipping business
- No need for large capital
- No over stock issues
- Almost zero to minimal money risk
You are in a better advantage considering this mean than any other available business options. This will give those business minded who do not have capital or money to gamble, an opportunity to be successful.
How to launch drop shipping business
You basically have 3 steps
Step 1: Find a supplier
It is a must that you find the right supplier to assist you with your launch. There are many businesses offering this type of business or industry, finding them is easy just by scanning the Internet. You can seek
professional advice from different companies offering assistance to those who want to start up this type of business, this can give you better edge especially if it is your first time pursuing business in this type of industry.
Below are questions to be considered before starting a Dropshiping Business
- Time frames on how long they can ship items you order
- What are the available shipping methods they use?
- Do they have warranties on their products?
- Will they allow you to use their product photos?
And other questions you think can help you as you start your business.
Step 2: Find a product that is in demand or you are personally interested of
This is almost the same as step 1, but to give you more detailed information on what is this about, separating this from step 1 is made.
There are many industry offering drop shipping business, but who amongst them selling products that are highly saleable in the market is a must. You would not want to exert too much effort, then end up not getting any fruit from your labor.
You should pursue as well an industry that you have high interest, for example, you are interested about cosmetics or any exercise equipment, thus pursuing this line is highly recommended. You should venture to a business, where you see interesting to keep you motivated to sell and you find ease selling them.
Step 3: Choose the right selling platform
Make sure that you are using the right selling platform to place your ad, Ali Express, Amazon to site a few. You have other options on hand, thus make sure that you choose the platform that is being accessed and checked out by many of your target market.
Choose platforms that are free of charge or at least seek for minimum amount when they let you post an item to sell.
Step 4: Manage your account
Make sure that you include all details necessary as your customers check on your product, like your location, the product details, used and so forth.
Then you are ready to sell!
Tip to success
You have to check your account as often as possible. You sure have many competitors selling the exact items as yours, thus letting your possible customers to wait for their inquiries or orders is a no.
You have to be always available to any of their queries and you have to make sure that you coordinate their orders to your supplier the moment they place their orders. Satisfy your customers to ensure that they will keep on coming back.