Dropshipping for Beginners in 2023/2024. (Everything You Need to Know)
Dropshipping is the absolute game-changer trend in e-commerce. In a field that has been drastically blooming over the recent years, dropshipping is undoubtedly an easy way to help you make substantial amounts of money without really having to try very hard. That is if you do it right, of course.
In this article, you will discover the main aspects of it, how it works, and why you should consider getting down to it. So, stick to the following lines and maybe your life will change for the better.
What is dropshipping?
Dropshipping is an indirect method of selling products without having to keep them in store. Instead, when a customer buys a product from your store the purchase is made from its wholesaler or initial manufacturer and is sent directly to the client. It’s a triangular process where you, the front store owner, act as a mediator for the purchase while the whole job of retail is done by the wholesaler.
This means that you don’t have to worry about making any procurements, rending a warehouse to store the products and keep them in stock, or burdening yourself with any other cost that comes with the traditionally known retail. Dropshipping is a perfect way to generate passive income and add an extra money stream to your wallet. Sounds good, ha?
Breaking down the dropshipping progress
- Creating your online front store
The first thing you have to do is position yourself in the market. And you do that either by creating an online store on any of the popular e-commerce platforms like Shopify or by building up your website. The first method is easier since it provides you with all the tools you need along with a guaranteed footfall. The second method will require more resources on your behalf and time to create your clientele.
2. Selecting your products
Once your online store is up and running you focus on selecting your for-sale products. They can be anything, but you better focus on quality items that attract demand and offer a substantial profit margin.
3. Identifying your Supplier (Locally or Abroad)
The next step is to identify the vendors you will do business with. An online search can provide you with potential contacts but don’t underestimate the value of direct relationships with Aliexpress and Alibabs Suppliers. Having a Private agent/ supplier is the only way to scale healthily using the dropshipping model.
4. Marketing your products & online store
Once you find your suppliers you proceed with filling up your e-shop with your selected products. Here is where you include images, descriptions, how-to videos, lists, and everything else needed to make sure your clientele finds, sees, and can buy your products. Then you focus on advertising them using tools like social media (TikTok, Instagram, Youtube, Facebook, Pinterest, Snapchat, etc.) and Search platforms like Google & Bing. You can also aim at becoming an influencer yourself and promote your products via your account or partnering with Influencers to do your promotion. Why not?
5. Handling your orders and supporting your customers
Congratulations! Order received. Now you can notify your vendors and let them execute the purchase. Your responsibility is to handle any requests that come from your customers regarding the orders and the products. And to make sure that they enjoy a personalized pre and post-sales experience.
6. Scaling and Reaching more Customers
The more clicks you receive on your online shop store, the more you can expand the range of your products, add special offers for your clients, increase sales, grow your business and target group, and maximize your profits. Simple as that.
Final Note:
Dropshipping is currently the best way to create an extra income stream using only your laptop while sitting comfortably on your couch. It is also one of the best ways to ignite that entrepreneurship spark that has been lying dormant in you.
However, to thrive as a drop shipper and avoid any possible pitfalls you must do it right.
So, stop wasting any more time. Access further insight into this revolutionary retail method and get step-by-step guidance to secure your success in the e-commerce field here.
I share Dropshipping & e-commerce tips on my Instagram Page and YouTube channel.
If you need help getting started, I’m always excited to help people start and scale. You can book a call with me here.
