How do I start a DropShipping business?
Years ago, there was nothing like drop shipping, then as the online shopping started growing, then there comes dropshipping. See it as you may want, but drop shipping business makes more money for the supplier than you who is a dropshipper.
Remember, for each item sold and shipped, you only earn a commission, but this commission can be in thousands if you run it as it should be.
How to start a dropshipping business is not rocket science, you just have to do the first things first.
For you my friend who asked, How do I start a dropshipping business? here is an outline of what to start with.
Find a niche
Basically, I will explain niche as your target audience, or market etc. It is best to find a niche, let your niche be something you are familiar with, something you can make a reasonable profit selling. Example, women bra can be your niche, whitening cream can be your niche, something which sends a particular person or audience to your store always.
For example, www.dropshippingreviews.com is niche targeted, my job here is to tell people more about dropshipping, recommend dropshipping companies and so many things.
How to find a dropshipping business niche
- Your niche should be something you have passion and interest in,
- Your niche should be something that identifies and solve a problem,
- Research your niche to identify the competition, by doing a bit of research, you will find out if your choosing niche is worth it, and if you can beat the competitors.
- Your niche should be profitable
My tip is: Use keyword research to find a niche, based on volume and competition.
Register your niche
You have to register your niche, make it yours by buying a domain name with your niche. After you have successfully found a niche, it’s not a guarantee that the domain will be available. Buying a domain name for your niche is the next thing.
You can buy/register a domain name here: Register a domain
Select your dropshipping supplier
There are many suppliers in the market today, but not all the products they provide can sell quickly or make a profit. I have signed up for a number of this dropshipping companies, and I have also made a good profit from them but some them ain’t so lucky. I started with eBay, then to Amazon, I joined Shopify and then to Aliexpress. The commission from these dropping companies combined is enough to pay rent twice a month. There is no limit to the amount of supplier you can join, they all want sales.
My tip is: Find out from your selected supplier how long to deliver orders, and how they ship items, their warranties if they provide promotional materials like text links, photos, or banners etc.
Register your business
Still, on How do I start a DropShipping business? You can register the business as a functioning body for tax purposes, but if you are in the US, most of the supplier in the US will require you to present to them your tax ID, but in the UK, they don’t ask you that. The suppliers do all the deduction and give you want your earn.
Choose where to sell
Now is the time to decide where you want to list your product, you can either list it on eBay, but remember eBay does dropshipping too. Also, Amazon is a great place for e-commerce, even though Amazon does dropship to. But there is another side to it. When I first started dropshipping, I started with eBay, I encountered a lot of problems because as a new seller, eBay doesn’t pay you until after 3 months. So I joined Amazon and they did an almost same thing, but with Amazon, you can choose where your product can be listed. Ruby Lane, Salehoo, and Bonanza are also a good place for an e-commerce store.
But to be honest with you, it’s better to also have your own website where you can list your product because those e-commerce sites, you only create an account with them and they have the right to shot you down anytime they want if you violate any of their terms. But if you have your site and they shot you down you can always keep your site and do the fulfillment yourself. That was what I did and because am not a web designer I got a very good offer from dataracehero for 6 months free web hosting, web design, and domain registration.
You can also try it and see for yourself: Dataracehero.com
Promoting your business
There are many ways you can promote your store, to be honest, if you don’t promote it no one will find you. I used some methods which I will only list out for you, but I can also teach you how if you follow this link.
Because I didn’t have the money to run a massive campaign like big names too, I resorted in writing reviews of all the products and post it on every single social network I can find and before I know it, there were reshares, comments, followings, and finally conversions. An email list is a very rewarding method of getting your visitors to sign up for offers and giveaways through your site newsletters or offers. I have about 12,000 email list right now, which is very small, but its really growing and you can do just same.
Register with every single social platform you can find and each review you write or each product you list, make sure to share them on all social platform. Be ready to be criticised and to answer questions.
How do I start a DropShipping business is a very good question because it’s not just about telling you haw, but I am ready to show you how. Remember to follow these steps, and to be honest with you, there are more to do, picking and listing products will not get you enough sales to pay your bills, but the back end work is the most vital aspect of the whole business. I have provided some links you can follow to learn more.
If you have questions, just ask and I will be pleased to answer you.