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It takes money to start a dropshipping business because you need to start an online store, find merchants, and add products.
Then you need to promote the store or advertise to ultimately make sales.
We are going to show you a step guide on how to start dropshipping from scratch. And how to promote the business with little or no money.
For those who are not familiar with dropshipping we will first answer the question, what exactly is dropshipping.
What is dropshipping?
Dropshipping is a form of retail business whereby a retailer accepts orders from customers without keeping stock of the product.
The dropshipping merchant uses a form of supply chain management to transfer customers orders and shipment details to the supplier.
The supplier could be a manufacturer or wholesaler of the product. The manufacturer then ships the product directly to the customer.
The manufacturer or wholesaler is in charge of packaging, storage, shipment, inventory management and quality control.
While the dropshipping merchant is in charge of transmission of orders, sales and marketing of the online store.
You make money from the difference between an item's wholesale and retail price, less shipping fees accruing to them.
Now you know what dropshipping is all about. Here are ten steps you can follow to start your dropshipping business.
Steps to start a dropshipping business.
1. Choose A Free Dropshipping Platform.
2. Create Your Free Dropshipping Store.
3. Find A Good Dropshipping Niche.
4. Research Profitable Dropshipping Products.
5. Design Your Dropshipping Store
6. Complete Store Settings
7. Add Products To Your Dropshipping
Step 1. Choose An E-commerce Dropshipping Platform.
There are many free and paid e-commerce platforms you cen choose from, however the platform should support product description, pricing, customer service, and checkout.
Features to look for are pricing, free or paid platform. For instance a popular platform is Shopify, they have a $25 monthly subscription plan while a WordPress shared hosting has an annual fee.
Best E-commerce dropshipping platforms to consider are WooCommerce, Magento, Shopify, BigCommerce, OpenCart, Spocket.
Step 2. Build Your Dropshipping Store.
The e-commerce platform you choose will determine how you build the store. If you use WordPress then you need to add WooCommerce to the website.
WooCommerce is an open source platform built for WordPress. It is easy to customize and has all the features you want for your store.
If you don't want any hassle you can used Shopify or Wix and start selling online in minutes.
To start selling with this platform you need to sign up, Choose a product catalog, Select an online store template, Connect the Printful app for free (Wix), Publish the site and start selling.
Step 3. Find A Good Dropshipping Niche.
Finding the right product to sell is the most challenging aspect of the business. Popular niche ideas are Jewelry, Kitchen utensils, Fashion, Infant products and Cosmetics.
How to start dropshipping from scratch
Step 4. Research Profitable Dropshipping Products.
Once you have a niche then research profitable dropshipping products. The product should be portable, easy to transport with good markup and profit margin.
There are many market places dropshipping merchants find their goods. Popular markets to source products is AliExpress online market owned by Alibaba Group.
Step 5. Add Products To Your Dropshipping.
After networking with manufacturers or wholesaler on AliExpress, select the products you want to sell and place them in your e-commerce store.
Drive people to your store through sociam media engagement, search engine optimized content and advertisement.
Step 6. Complete the store setting.
The final stage is to complete the stores settings. Make sure you can receive payment, add currency type, “Shipping & Pickup” tab, pre-defined shipping carrier, shipping method for “Tracked & Guaranteed Shipping”.
Step 7. Payment method .
Payment method .
The payment method is very important in dropshipping. There are two popular payment methods used by dropshipping merchants, dropshipper are Paypal and Stripe
Step 8. Sales completion.
Once you have a sale, it is important to have sale completion. You need a sale, then you can track a product until it reaches its destination.
A general practice with dropshipping is "blind shipping" of the merchandise or use of private label shipping.
Order fulfillment can have logo, company name or a customized packaging slip. You profit is the difference between the selling and the wholesale price.
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This content is accurate and true to the best of the author’s knowledge and is not meant to substitute for formal and individualized advice from a qualified professional.