Dropshipping:

Dropshipping is an e-commerce method of earning money with vey low investment. Generally, the person who wants to dropship a product acts as a middle men. This does not require heavy investment , no warehouse to store the product, no juggle supply chains, no managing inventory. All the risk of delivering the product is taken by the manufacturer/supplier/wholesaler.

Easy understanding of the dropshipping business:

Select the supplier/wholesaler
Check his price
Increase the price at which you want to sell
Upload on your website(The extra margin is your profit)
Market/advertise the product
Shipment is taken care by the wholesaler

Enjoy the profit!!

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How to create a dropshipping business:

1. Choose your niche

Category whom you want to target as customers or category of products. Do your research and find out who your target audience would be. Like the age of 18 and above or 22 and above. Type of products like home needs or fashion etc.

2. Create a website

Create a website of your own from any platforms available on google like Hostinger, woocommerce etc

3. Customize the website

Customize the website page to be attractive and easily navigable

4. Select the supplier/wholesaler

Use google to search for dropshipping suppliers. Select one among them by doing your research. Pick the perfect one of your choice.

5. Select the product

Selection of products should be unique, useful, not easily available, time savers, low cost etc

6. Give all the details of payment process

For a person to be able to make payments, give the payment details of your bank

7. Advertising or marketing the product

This is the major part of dropshipping where you have to invest in. you can do paid promotions or free promotions. Paid promotions through Facebook Ads or Google Ads. Free promotions through uploading videos of your own advertising about the product

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Why would customer come to our website instead of going to amazon or flipkart?

In order to bring the customer to our site we need to advertise heavily about your niche through Facebook ads or google ads or Instagram pages/influencers. Once we get the traffic, give them a good experience of unique and useful products, take the responsibility of responding till the product reaches the customer. This will gain the trust of the customer leading to customer retention.

Prerequisites to enter dropshipping:

Investment of creating a website and marketing the product
Dedicated time
Research about the supplier
Interest to do business responsibly

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Easy way to choose a supplier:

One can also use the method of choosing online supplier like Aliexpress
choose the product from their website, upload the product on your site
increase the price to desired level (example: if the product is 100 mark upto 500 so that your profit margin would be 400)
take the order from customer
redirect it to Aliexpress and ask them to give your logo and mention you as the supplier, Aliexpress will charge some amount to do this and they will ship the product on behalf of you.

Enjoy the profits!!

Easiest and time saving way to do dropshipping:

Choose website like shopify:

https://apps.shopify.com/simply-otp-login

Set up shopify account : Create an account and give basic information
Choose theme and customize your store: choose a theme that fits your niche and create product categories and other useful pages
Set up DSers : Its an Aliexpress tool that can integrate with youe Shopify store. Go to Shopify App store find DSres and install it.
Integrate your Aliexpress account : This will enable to get products into your Shopify store
Import Products : Select the products from Aliexpress that suits your niche
Mark up: Increase the price to your desired and reasonable level
Advertise and sell: Sale of the product depends on its reach to the target audience which depends on marketing and advertisement

Enjoy the profits!!

Conclusion:

Droshipping provides you an easy platform to do a e-commerce business. Using the available platforms on the internet you can reach out to wide audience and earn. As it has low initial investment and low risk of inventory and supply chain anyone with an interest to do business can try this and get a taste of doing business. This can also act as a beta test for someone who wants to enter into big market with heavy investment before risking everything.

FAQs:

How much do I need to invest to start dropshipping?

Any dropshipping company must invest in establishing an online presence with a domain name and e-commerce website, as well as marketing the business through online advertising, even if it might be difficult to estimate the precise expenses for a single company.

How do dropshippers make money?

Dropshippers mark up the original price of the product which they the supplier and sell it. The mark up amount is the profit for the dropshipper.

Is dropshipping legal?

Dropshipping is permitted, yes. This e-commerce fulfillment approach is employed by numerous international merchants. The majority of retail establishments you frequently visit actually don’t sell goods they personally produce. Dropshipping merely modifies this carefully chosen strategy for use in an internet store.