A drop shipping business is among the easiest, quickest, and lowest-risk methods for starting an online e-commerce business. However, it also has some of the biggest scams of any e-commerce business. Check out the following tips to achieve success in drop shipping before you jump in. Drop shipping presents a huge amount of opportunities but also a number of nightmares.
Drop shipping presents a lot of opportunity to those who are willing to drop ship. Since you are only going to be buying from your supplier once, you don’t have to worry about having to compete with other online stores for their custom. Instead, you only have to worry about finding a wholesale niche that sells products within your specific niche and then finding a supplier who can offer you the products you need at a price you can easily afford. In many cases, your suppliers will provide you with a cut of the profits when you make a sale with them. This means that you don’t have to sell products at a loss in order to achieve success in your drop shipping business.
The first thing you should do to get started in the drop shipping business is research the competition you will be up against. The easiest way to do this is to visit popular niche forums where you can find the common problems you will be up against such as poor delivery times, product returns, poor customer service, scam artists, etc. Once you understand what other people are talking about in your niche, you will be better equipped to overcome any obstacles you may face while starting your own business.
The next thing you want to do to make money online and build your success with your drop shipping business is to find a great drop shipping partner. There are a few ways to do this. You could join an affiliate program like, ClickBank or PayDotCom. By partnering with someone in one of these reputable programs, you not only get their expertise but also the potential to earn some money on every sale you make.
Another good way to market your new business and build your reputation with your chosen dropshipping company is to start a Facebook page. I would recommend that you join the popular Facebook marketing group. Chances are that there will be plenty of others like you who are trying to build their online businesses in the same niche as you. If you can’t join the group, then just Google “drop shipping in Facebook” and there will be a number of groups you can join. This strategy really works because it allows you to be known within your niche, gain valuable contacts and, most importantly, build relationships with others in your niche.
The final step to making money online with a drop-shipping business model is to learn how to acquire qualified customers. Acquiring qualified customers is much easier than you think. In fact, the whole concept of retailing is very similar to customer acquisition. It doesn’t matter if you sell shoes, sunglasses, or clothes; the customer acquisition process is always the same. Build a website, advertise a product, and train the customer – the rest is easy.