Wondering how to set up a dropshipping business? Dropshipping is one of the most revolutionary and accessible business models there is. The principle behind it is pretty simple. All you have to do is find a supplier who will sell items to you at a discount and send them directly to your customers. You can create a website using the supplier’s pictures and product information. What’s excellent about dropshipping is that you don’t have to hold inventory, and you could start an online retail store with a minimal investment in as little as a day. Let’s look at how you can start a dropshipping business and how to make it work.
Find a Niche
The first thing you’ll have to do is find a profitable niche. This is also one of the most challenging parts. Here, you can take one of two approaches. You can go for either a niche with lots of demand that might be saturated or a smaller niche that might not have lots of demand.
It’s usually better to go for a smaller niche, but there are cases when going for a bigger one is better. If you can find a way to get visitors from sources other than search engines, for instance, then you could avoid competition.
If you decide to go with a smaller niche, it would be a good idea to run a search on Google trends first to see if there’s demand. You can then check the number of pages you get when you run a product search. Look for the niches that have the highest demand and the least competition.
The next step is finding suppliers. One of the most popular ways to find one is to go on sites like AliExpress or Alibaba. They ship mainly from Asia, however, which comes with various issues. Oberlo is another service you can try. All you have to do is sign up for one of their packages, and you’ll get access to verified drop shippers for all sorts of items.
Another way that you could find a supplier would be to go to them directly. Many manufacturers and retail stores will accept drop shipping orders, but you could also choose to have the items sent to you first and then send them to your customers.
If you want to take that route, one thing you could do would be to purchase gift cards at a discount and buy items with them. If you want to learn how to start an online business with gift cards, check out this article by Paxful. Using this model, it shows you exactly what you’ll need to do to make a profit. It also shows you where you can find discounted gift cards and how to apply the steps in a real-life scenario.
Read more: How to Start a Tutoring Business in Online
Set Up a Website
Setting up a dropshipping website is surprisingly easy. Sites like Shopify can allow you to create a professional website in minutes, even with no coding experience. All you need to do is ask for product pictures from your supplier or swipe them and get descriptions. All the rest is pretty much drag and drop, and you’ll be able to have a great-looking site you can start selling from.
As you can see, starting a dropshipping business is not that complicated. The hard part is finding clients, so be ready to put the work in and try different techniques and products until you find something that works.