I started out doing this early before it actually became kinda what it is today back in 2014-2015
Sounds too easy I’m sure lol
This requires little to no work in a way! You must remain consistent and you must know the market that you are selling in.
-Dropshipping is easy to start; You don’t need to be a business guru to get started. In fact,you don’t even need any prior business experience!
-Dropshipping is easy to grow; As you scale up,your business model doesn’t have to change very much at all.
-Dropshipping is flexible; one of its biggest benefits. You get to be your own boss and set your own rules.
-Dropshipping has slim margins; One of the disadvantages of dropshipping is that you should expect low margins initially.
-Dropshipping can make order processing difficult; Dropshipping seems straightforward: the customer orders, you process, and
It’s whatever you make it to be. Some of you may be asking yourself these questions!
“I don’t know if I have enough time to start a business.”
“I don’t want to risk getting fired from my day job.”
I’m sure the list continues, but you must realize it’s really something that you can do while you are sleep or on vacation and even at work!
1) The manufacturer creates the products and sells them in bulk to suppliers and wholesalers.
** Let’s say Manufacturer A makes water bottles. After the bottles roll off the production line, they’re sold in bulk to
2) Suppliers and wholesalers sell the products to retailers.
** A retailer like yourself searches out a supplier for a specific type of product. The retailer and supplier then enter into an
3) Retailers sell the products to consumers.
** Suppliers and wholesalers do not sell directly to the public; that’s the retailer’s job.The retailer is the final step between the product and the consumer.**
Dropshipping has gained a somewhat bad reputation because many dropshipping retailers are just trying to outsell their competitors by offering cheaply made products.☝🏾
The best way to focus on value is to build it into your dropshipping business from the start. Everything you do should add value to your audience in some way.
Quality >>> Quantity
What type of people do you want to reach, and what do they want?
What niche(s) could you add value to?
What kinds of products do customers in my niche want?
How can I put my customers first?
In short, the best way to provide value is to listen to your potential customers, find out what they want, and then give it to them.
Your job is to give customers the best possible experience.
Having this attitude will help you..
-Acquire and retain customers
-Grow a loyal customer base
-Stand out from your competitors
-Make your business unique and trustworthy
Sometimes it can seem like retailers are dropping like flies, and it can be discouraging at first.
But there are common mistakes that tons of dropshippers make.
That’s right, one of the most common reason dropshipping retailers fail is because they chose the wrong product.
-Phone accessories (especially cases)
-Entertainment (e.g., movies, music, etc.)
These are a high competition product in the drop shipping world!
It’s not as simple as choosing dropshipping products that seem popular. You need to be picky about your products.
Still, aim to start off strong and establish a line of products that will do well for you.
Most suppliers and wholesalers require any business they work with to be legally incorporated.
In fact, if you’re not incorporated, most wholesalers won’t show you their pricing or other details. That’s how important it is.
Where to locate this folks at and how to reach out to them..
You don’t want to choose the first wholesaler you see, and you also don’t want to blindly go with the most popular suppliers you can find with a Google search.
There’s one last major ingredient you need a game plan.
By game plan I mean a vision for your business and actionable steps to make that vision happen.
-Taking a certain angle in your niche
-Digital marketing strategies
-Optimizing your online store
This is also a good time to ask the tough questions so you can prepare yourself for them.
This is a more general question that can help guide your vision.
Please pay attention as this will be brief and short.. The ebook will have more in depth scenarios
-The niches you’re interested in
-The types of products you want to offer
-Your plan for your store’s future
Think about it. The niche you choose will influence
-How much you sell
-Which suppliers you work with
-What marketing strategies you use
-How successful your business will ultimately be
Too often, dropshippers realize the niche they chose isn’t working out, and they have to go back square one.
The more thought you put into selecting a niche, the sturdier your business will be. You won’t doubt yourself a few months down the road.
Choosing a niche can be confusing. There are millions of niches, so it’s tricky to know which ones are viable.
To make matters worse, many of those niches have established businesses you’d be competing directly against.
Luckily, there are tactics you can use to choose a great niche in a matter of weeks (or even days, though you shouldn’t rush it).
-The level of competition
-The demand for physical niche products
-The long term forecast of niche popularity
The best dropshipping niche would have low to medium competition and high demand. It would also stay popular indefinitely.
That’s why a niche that has lots of products is great for dropshipping. It gives you a ton of room for growth and expansion.
For now, simple Google searches will suffice.
Use various combinations and product keywords to see who’s selling what, and pay attention to who the big players are (i.e., the retailers you see over and over again).
You don’t need to do extensive research at this point. Just take a look at each retailer’s site and social media accounts to get a rough idea of their strategies.
If you can’t find many retailers, that could be a good or a bad sign. Low competition is great, but you still need to have a sizeable audience to buy your products.
Think about the lasting “Keep Calm and ____” trend.
While you could strike gold with the right catchphrase, this idea isn’t the best for
a dropshipping store. The trend will eventually die out (even if it takes a couple of years),!
a dropshipping store. The trend will eventually die out (even if it takes a couple of years),
Be sure to read this first part and research and gameplan.. Watch drop shipping videos on YouTube tonight☝🏾
Type in what you are wanting to sell and look at the trend chart to see what people are searching about it on google..
Be sure that the product has over 1k orders.. The higher the orders the better, just because we know it’s in demand.. See screenshots below.
Go to the trends on Google now
I’ll explain this at some point but play around with this and see what you can find..
Write it down and gameplan the shit
I’ll be still talking about it tonight to finish it off but if you want the full in depth how to then $30 will be worth it
-Gain rights to exclusive distribution or pricing.
-Sell at lower prices than your competitors.
When it comes to dropshipping products, adding value is the surest way to succeed. It’s also the easiest strategy in many respects.
MAPs limit the amount of profit you can make, but this is a small compromise for the benefits that MAPs bring.
Overall, products with MAPs are better for your bottom line.
You can make a solid profit and offer appealing prices to your customers without having to spend a pretty penny on customer support solutions.
You don’t have to create super-detailed marketing strategies at this point, but you should have a general idea of how you’re going to market your products.
What channels could you use for marketing? What are other retailers doing?
STEP 1: Survey all of the products in your niche.
STEP 2: Cross-reference the products you found with best selling products from retailers.
STEP 3: Make sure the products fill a need.
end? That means it’s a Limited Liability Company.
Under this structure, personal and business finances are separated, meaning your business will be a separate legal entity from your personal finances.
This is how most major businesses are set up. However, becoming a C Corp is a more complex process, and a C Corp may be subject to double taxation.
If you need assistance with this there are people who I follow who can assist!
This is a small but important step. Most people who run a business are required to have an EIN. An EIN is used by the IRS to identify a business entity. An EIN is like a Social Security number for a business, so it’s important.