In the day of hustle culture, many folks are looking for additional revenue streams to increase their household income, whether they need to make ends meet, want some extra spending money, or both. One of the many options available to those that are looking to start a side business is drop shipping. We’re going to take a closer look at what drop shipping is and how to break into the industry yourself.
Is Drop Shipping Worth the Effort?
If you’re looking for a way to start a business with low startup costs, dropshipping just may be the right choice for you. As a drop shipper, you’re only paying for the products that you actually sell to paying customers. This is fairly low-risk, as you don’t have a lot of investment involved in product development, inventory, and warehousing costs, and you’re not spending time fulfilling orders. So, yes. Drop shipping can absolutely be worth the effort if you’re willing to put in the time to manage your online business.
Start a Drop-Ship Business
Here are some tips on getting your drop shipping business started.
Choosing a Niche and Products
The first thing you should decide is what types of products you want available in your shop. Spend some time researching popular products and niches. From there, you can choose some items with low competition and high-profit margins. Broad topics, such as beauty products, typically do better than stores that specialize in a specific type of product, such as curling irons.
Finding Suppliers
Sourcing your products is one of the more time-consuming things you’ll need to do to get your business off the ground, but you can’t sell products if you don’t have access to them. You’ll want to look for a reputable supplier that can drop ship high-quality products to your customers with reliable and affordable shipping. You can look for suppliers on directories such as Oberlo or Worldwide Brands, or on marketplaces like AliExpress.
Naming Your Business and Setting Up Your Website
In order to start selling your newly-sourced products, you’ll need a website. Once you have decided on your business name, you can choose your domain name and look for a hosting provider. Platforms like WooCommerce and Shopify are great for anyone looking to sell products, whether they are drop shipping from a supplier or selling homemade items. Once you’ve set up your site, be sure to optimize it for search engines, as well as post plenty of high-quality images with detailed product descriptions.
Marketing Your Products
When it comes to driving traffic to your website, marketing is critical. With current technology, there are many options when it comes to advertising your store. One of the biggest things you can do is use search engine optimization (SEO) in anything you post, whether it’s the product page on your website or a social media ad, which helps bring your website to the top of the Google search results. You can also use paid advertisements on social media platforms such as Instagram and Facebook. You can even go above and beyond by posting videos of the products in use on Tik Tok as well. Anywhere you can advertise will help drive traffic to your site, which can often turn into sales.
Conclusion
If you want to start an online business but don’t want the responsibility of managing your inventory, creating a drop shipping business may be the right choice for you. Setting your business up is easy for some, but there are several steps that you need to take to ensure things are done right. This is where Amazon Junkies can help. We have the skills and experience to help you set up a successful drop shipping business. Reach out today to get started.
