How to start drop shipping? The easiest way to sell online
Learning how to start a drop shipping business, like any type of business, is not easy. Still, it’s a great first step into the world of business. You can sell to customers without holding inventory. You don’t have to pay for products in advance. And if you’re serious about your new venture, you can build a sustainable source of income for the long term.
If you’re considering drop shipping, consider taking the following business and financial steps in this complete drop shipping tutorial.
Some are mandatory from the start, others are just a good idea. But dealing with them beforehand will save you time and headaches.
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How does the drop shipping business model work?
Drop shipping is an order fulfillment method that allows store owners to sell directly to consumers without storing inventory. When a customer buys a product from a dropshipping store, the third-party supplier ships it directly to them. The customer pays the retail price you set, you pay the suppliers’ wholesale price, and the rest is profit. You never have to handle products or invest in inventory.
In order to sell products, you just need to register an account with the supplier.
Three common ways to find suppliers for your drop shipping business are:
Through a database of suppliers such as Alibaba or AliExpress.
Using an integrated supplier directory in the back-end of your store, such as DSers.
Through a print-on-demand service like Printify.
The easiest drop shipping process for Shopify store owners is through DSers. You can get millions of products from the DSers marketplace through AliExpress and import them directly into your store with the click of a button.
When a customer buys something from your store, DSers will automatically fulfill the order. All you have to do is double-check that your order details are correct and click the Order button. The product is then shipped from the AliExpress drop shipping supplier to the customer, no matter where they are in the world.
In a drop shipping business model, you are responsible for building your website and your own brand, as well as choosing and marketing the products you want to sell. Your business is also responsible for shipping costs and pricing which leads to a good profit margin.
Is drop shipping really profitable?
Yes, drop shipping can be a profitable business model for merchants because you are not responsible for shipping or manufacturing. It’s a low-risk business model that doesn’t incur huge costs like wholesale would normally have, and you can make a good profit margin with the right suppliers.
How much can you earn as a drop shipper?
There are many drop shippers who earn up to $100,000 per year with a successful dropshipping business. So if your idea of being a successful drop shipper is to make $100,000 a year, you will need to choose the right suppliers and build a brand.
How hard is it to start drop shipping?
Starting a drop shipping business can be highly competitive. Since you can start drop shipping for free, you can come across many companies selling a particular product at similar prices.
Where to find a drop shipping business for sale
If you don’t want to start a drop shipping business from scratch, you can find a drop shipping business for sale on Exchange, Shopify’s marketplace for buying and selling online stores – from ready-to-use stores to e-commerce drop shipping businesses to established empires. With over 10,000 online stores for sale, you can find a drop shipping business that fits your interests and budget and start running it right away.
Buy a company on Exchange
Through Exchange, you can see information about a potential drop shipping business for sale in the listing, including traffic and revenue data. The data comes directly from Shopify and cannot be edited, so you know exactly what to expect from your drop shipping store purchase.
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