Starting a dropshipping business is fun and games until you reach a point where you are clueless about your next move. This is a common issue that we notice quite often with dropshipping businesses. Making a Shopify website, creating Social Media handles aren’t enough for the long run. Why? Because as soon as you will see some losses coming your way regarding dropshipping businesses, you may think start to think it was a bad idea. Most of the time, it isn’t a bad idea; it’s just the lack of knowledge and awareness that makes you feel like a failure. To sort out this problem, you need to educate yourself better and understand the entire concept of dropshipping business, and we are here to help.
In this article, you will not only learn how to start a dropshipping business but also find answers to some important questions related to dropshipping. So, we suggest you read this article carefully.
What is dropshipping business?
Dropshipping business is a kind of business that involves running a shop without an inventory. Most people jump to dropshipping business because of the sole benefit of not needing an inventory.
How does dropshipping work?
All you need to do is contacting a trusted supplier for products who will ship your products from their warehouse straight to the customer’s doorstep. In simple terms, you will take the order, let the supplier know about the order and they will store, pack and ship the product order to the customer. By doing dropshipping business, you don’t require taking any hassles.
Why starting a dropshipping business is a good idea?
There are many reasons why such a business is excellent for entrepreneurs. These are:
No inventory: You don’t have to set up a warehouse or inventory for selling the products, which saves both your time and money. You don’t need to pay any warehouse fees or product taxes.
Niches will give you new ideas: When you select a niche for your products, you experiment with them and come up with new ideas for selling. This can increase your chance of being more visible and creative. And dropshipping businesses need a little spark of creativity.
Making money: Of course! That was your first goal when you started the dropshipping journey, right? With the dropshipping business, you can set prices based on the products’ demands, give discounts and deals to attract more customers, and gain control over how much you make. If you can get the business running the right way, there’s a high possibility that you can earn a great deal of money.
Manufacturer shipping: You don’t need to pack or send the order; the manufacturer will pack and ship them to your customers for you. As a result, you don’t need to worry about packaging and stuff.
How to start a dropshipping business?
Choosing a Dropshipping Business Idea
You need to find the best dropshipping business ideas. And for that, you need to give yourself some time. You won’t find the best ideas when you are in a rush. Take your time to figure which dropshipping category you are likely to succeed in. Don’t just dive in to find a niche; figure out your passion, your selling category, and then start picking up a niche. It will be helpful to utilize tools like Google Trends to look for a niche.
Do competitor analysis
Once you are done deciding what to sell, the most crucial thing to do is study your competitors. This means finding out who the competitors are, what they sell, how much profit you can, and what you can do to sell your products better than them. Dropshipping business is all about making effective strategies and making smart moves. In this analysis journey, Google will be a handy tool to give you the info you want. Using tools like Semrush & Ahref can help you retrieve information about search results about various locations. Make Facebook your bestie for searching the niche for your business.
Find a supplier
Find a supplier that you can rely on is essential. Your entire business depends on a good supplier. If they aren’t efficient, dishonest, or delay their work, these can affect your business. Search suppliers by reading reviews and ratings read their testimonials on websites. List at least 5-6 suppliers you want to work with, and then contact them one by one. Talk to them and ask all the necessary questions you need to. Ask about their workloads, product quality, check if they are responsive enough, how they behave with you. These things can help you find a good supplier.
Get an online dropshipping store
Considering that you have done all the things beforehand, it’s time to make the most crucial move. And that is establishing a website for your products. You need to buy a domain first. Then get your website designed and developed in order to run it online. But don’t worry if you don’t want to spend your money by hiring developers; sites like Shopify already comes with predesigned websites suited for your category. Sign up for Shopify to get access to free tools that will help you guide your dropshipping business. Using the tools, you can do competitive research, find a niche, analyze data and do much more. When you have got everything you need, make your website public.
Increase your visibility by social media marketing
After you have set up your website, it’s time for you to at least open up a Facebook or Instagram (or both) page of the store. As we know, most people are very active on social media platforms, you will be able to find and attract more potential customers to your shop. We think this is one of the best ways of attracting potential and recurring customers by creating engaging and relevant content. There’s a lot you can do on social media!
These are some frequent questions that people ask about dropshipping all the time. We didn’t include dropshipping media like Amazon, eBay, AliExpress, etc., into the topic because we wanted you to understand the basics of dropshipping business first. This article is basically for the beginner. If you have questions like - how to dropship with eBay or if Amazon dropshipping profitable, we suggest you read our other articles where we have talked about these aspects. We will talk about them more in the future so keep watching this space!