5 Most Frequently Asked Questions About Dropshipping
If you are contemplating leaving a job that brings you nothing but low pay and high stress in favor of starting up a home business in ecommerce, you might be interested in some frequently asked questions about dropshipping
Dropshipping is probably the easiest online home business you could start and maintain, with the least amount of money necessary to get up and running.
Hopefully these questions and answers will help you to gain a clear understanding about what dropshipping really is and how it works, as well as what makes it such a fantastic opportunity for anyone who wants to work from home and make a comfortable living.
So, let’s get started with the Q & A session about dropshipping:
Q. What does dropshipping mean?
A. In a nutshell, the term dropshipping refers to a business model that allows you to sell products you don’t have. What? How can this be? It’s simple. Your wholesale dropship product source lets you choose the products you want to sell in your online business, list them on the website or marketplace of your choice---such as Amazon or eBay---then pay for each item only after it sells and you have collected the payment for it from your customer. You never have the products in your physical possession. Your dropshipping supplier houses the inventory and does all of the shipping to your buyers.
Q. How do you find a good dropship product source?
A. There are a lot of so-called “wholesale” dropship suppliers on the World Wide Web. You must find one that truly gives you wholesale prices instead of retail prices or even very close to retail. The market will only bear X amount of dollars for any product and you will not be able to exceed that price. If you do, you won’t make any sales. In order to make a healthy profit, it’s crucial to buy low and sell as high as the market will allow. Be sure to choose a dropship source that is an accredited member of the Better Business Bureau, and is an established business with a proven track record. Choose a dropship product source who offers a large selection of products, which need to be high quality and better yet---name brands.
Q. How long does it take to get money coming in with a dropshipping business?
A. As mentioned above, you can literally start making sales and profits right away! Many businesses, traditional brick and mortar stores, for example; have lengthy delays between start up and actually making a profit. But with dropshipping you can start making money as soon as you choose your products, list them for sale on the internet and make sales. This is a biggie for many people who hesitate to strike out on their own in a home business because they can’t afford to be without an income for long.
Q. What does it take to be successful in a home dropshipping business?
A. The same qualities and work habits that would make you successful in any endeavor are what will ensure your success in dropshipping. If you are a self starter and can keep yourself motivated to plug away, doing what needs to be done day in and day out….someone who can organize a business and run it according to plan and a schedule….pick yourself up and keep going after you stumble and fall from a set-back…..you can be successful in dropshipping. You must also provide excellent customer service!
Q. How much money can you make in a dropshipping business?
A. That is more or less up to you. If you do your homework and choose wisely when it comes to a niche product, making sure to select products that are in demand so that you’ll have plenty of customers, and observe good work habits, deliver great customer service---you can write your own paycheck. Want to only make a little extra money? Work only a few hours. Want to earn a nice living? Work enough hours to make that happen. Some drop shippers are pulling in six figure incomes, so the potential is there if you want to do the same.
You can earn money from home in a dropshipping business, so start yours today!