Did you get frustrated with your job? Planning to start a business but you have a very low investment with you.
You want to continue a job but still needs extra income in your free time.
Don’t worry about it. Here I am sharing a life-changing business model of dropshipping
where you can challenge yourself with next few months.
What is Dropshipping
Dropshipping is a number one business model.
Drop shipping is simply an online methodology to sell supplier products to the customers buy your own online store or seller store of yours on Amazon,eBay.Drop shippers can sell everything from t-shirts to furniture items.
To sell your products in online, one should buy that product in wholesale and it needs money based on the product quantity, quality. But one can’t pretend that same product will lead to sale top in every month. As nowadays products and features are more each and every product beats their ranking.
So in this type of business model one can target one product which may rank high sometime, but make it down other time. So come out of this business model and enter into dropship structure.
Dropship Business Structure
Drop shipping is quite simple. You find a product on dropship suppliers listings on aliexpress, eBay.
And then list the product on your website. Keep in mind that, When you see the product, for example, If you find a t-shirt, in a supplier store for $ 40, but if you see the same t-shirt in other stores for $60 or $70 too.
Now you can set your margin $20 and list that product on your website for $60.
So if a customer goes to your store and makes an order of that product, you take that order and send it to the supplier.
Here comes the supplier part, he will do the shipment of the products and it directly delivers to the customers under your name.
Why choose dropship business Model?
To start a dropshipping business, one can have very less amount of bucks with him/her.
Instead of purchasing the wholesale inventory by investing your amount, you can contact the dropship suppliers directly or use worldwide brands dropship supplier directory and list their products on your store with an keen margin rate.
Pros of Dropshipping business
- Less tension
- No risk of product handling
- No inventory
- Easy setup
Cons of Dropshipping business:
- Low margin rate
- Product faults will affect you not the supplier
- Competition level tricky
Many e-commerce platforms like Alibaba, eBay, Shopify are helping to take you in the right way.
Soon I will write a detailed article about the full process structure and how to open a Shopify store and how to find a drop shipping supplier.
Even now, many dropshipping courses have emerged in trend. Soon I will refer a good one for you.
This is simple!! Anyone can be successful but not everyone!!