If you are hoping to step into the drop shipping business, then you should have a read at this article and see what you can steal from it! I will try and shoot you some tit bits on this rather lucrative business. let us start by peeping into a brief overview of drop shipping.
Essentially, the drop shipping business model simply involves a product distribution channel where you can trade goods without necessarily keeping them in stock. You will not have to handle them yourself, keep an inventory, or even bother about the shipping feat. All you have to do is buy the products from the supplier once it has been bought from you. Then your supplier will ship the item(s) directly to your customer.
So why should you step into this business?
Well, there are several reasons but perhaps the most important is that the risks are quite low and so is the startup cost. Getting started in drop shipping is also super easy. Succeeding in it is another matter all together. I will get back to that, but first lets check out some tips and strategies.
Avoid the low cut
Drop shipping is highly competitive. As much as it might be tempting to under-price your items, ensure you avoid that at all times. You can sell products at market value and still make a profit, and keep your customers happy. The main goal of this business is to be profitable, so go for your share. Others might be undercutting their products, but the best thing is to stick to your guns and maintain your price.
Keep the offers at best
The other crucial consideration to make here is to ensure you have a compelling offer. Sales and bundles should always be available for your customers, lest they lack the motivation to keep coming back. Having the right product and a perfect deal to go along with it could prove important for your business.
Watch out for counterfeit supplies
If you want to succeed in this business, you have to stay clear of suppliers dealing in knockoff items. Be sure to look for suppliers that deal with genuine products, so you can offer your customers the quality and value products. Most importantly, no one wants to start a business, only to end up with a legal issue on their hands, for selling counterfeit goods.
The responsiveness of the supplier
Lastly, you need to consider how responsive your suppliers are and decide whom to work with for your success. If your supplier cannot respond to you in time, especially when you are dealing with a case of emergency, then it is a clear sign that is not the right kind of supplier for you.
The other things to look out for in suppliers include whether they have relevant options for the product. Customer support is also worth considering, and above all, if you can sell the product using several channels. Also, remember to keep an eye on the shipping options as well as the prices.
Top 5 bestseller drop shipping companies
It is time to look at some of the most sought-after suppliers to turn to. Most of the companies in this top 5 list offer some of the best services that can prove crucial.
Doba is among the most comprehensive options out there, offering a detailed directory of the manufacturers as well as a platform where you can add the products you want.
Here, all you need is to find the product to sell, and list it on your site, the company will handle the rest. Besides, with the largest product offering up to over 2 million options and roughly 200 suppliers, you can expect to find all you need.
If you are looking into venturing into the electronics, apparel, and leather, Wholesale Central this can be a great start for filtering through all the options around. With over 630,332 items and in excess of 1000 trusted wholesalers, you will always find something for your customers here.
This option is also an exciting one since it boasts well over 15,000 brand products that you can access. Sunrise wholesalers offers you the opportunity to export the products you choose and images as well as descriptions to Amazon, eBay or even on your site.
Their order processing also has a record of fast and accurate operation.
If you are okay with signing up for a plan, Wholesale 2b could be the option is for you. Remember that you will not have to pay a penny to browse their database. All you need to do is browse their inventory, find what you want to sell, and post it on your site for your customers.
The company offers quite an extensive access, with 1.5 million products on the shelves. You can choose from several plans according to your needs or budget.
Drop ship Direct
Drop ship direct is reliable option on the market, this company has about 100,000 items with over 900 brands. Better yet, you can use it free, unless you want to access the
Premium option that you can subscribe for $37 in a month. The options here are quite impressive, and they keep you updated on the latest trends and their inventory products.
About the investment
The good thing is, you don’t need to spend an arm and a leg to make it in drop shipping. $1,000 can see you up and running in no time. You can always take your time and start slowly nonetheless, it all boils down to what works best for you.
Once you identify the kind of products you want to drop ship, the next step is to build your e-commerce store.
A PayPal account might also be important if you have one set aside for the business. And perhaps a credit card too specifically set aside for the business. Do not mix things up on the matters of finance.
As it turns out, establishing your drop shipping company should not be an impossible undertaking. Best of all, with some of the best drop shipping companies around, we can conclude that you can always look out for the best deals to your advantage.
Is there one that is better than the other?
I think it all comes down to personal preference and the products that you want to drop ship. In marketing we call it a niche. If you love electronics don’t drop ship clothes. To succeed in any business you need to be passionate about your products
So, Are you going to make a fortune in drop shipping.
The simple answer to that is it will take a lot of work before success comes knocking in. You will to establish an authority in your business. That takes time and a lot of patience.
Are there alternatives to drop shipping. Yes. there are heaps.
I would recommend you try out affiliate marketing. It also requires an immense amount of work but its definitely something to look into. Click here to read how I got into it and how you too can find success on the online platform through through affiliate marketing.
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