Home Business Tips: Getting Started in Dropshipping
If you want to be your own boss and have a home business in ecommerce, you may put a few tips to getting started in dropshipping
to good use.
Getting started in dropshipping is easy! In fact, it is one of the fastest, easiest and least costly of any online business to start up. Unlike a traditional brick and mortar business, you don’t have to worry about anything except:
- Deciding on a dropship niche
- Finding a reputable wholesale dropship product source
- Choosing your products
- Listing your products on your own website or internet venue
- That’s it!
Here is a step by step guide to getting started in dropshipping.
Step 1: Deciding on a niche is the first step you should take. Your niche is critical to the success or failure of your home dropship business. Is it important to be passionate about your niche? Not really. It helps, of course, because it is easier to stay excited about selling something you’re passionate about. But, on the other hand, if your niche is making you pots full of money; that’s pretty darned exciting, too! So, if you can’t drum up a lot of passion for a profitable niche, try to get passionate about making money. Choose a niche with a large consumer demand and it should work well for you, with or without passion.
Step 2: Find a reputable wholesale product source for your dropship items. Choose a business that is a member of the Better Business Bureau, that is well established, that offers high quality, preferably brand name products and genuine wholesale products. When you are buying for resale, it is imperative to pay low, wholesale prices or there will not be enough profit when you sell at retail prices.
Step 3: Choose the items you want to dropship from your wholesale product supplier. If possible, choose several correlating products within your niche or that go well with your niche. This way, you can employ successful sales techniques such as up selling, cross selling and bundling to increase sales and profits. For example, if you are selling pet crates, offer pet crate liners, water and food dishes, pet beds and more. Try to think like a customer. If you were buying a crate for a pet, what other products might you be in the market for? This is a simple, painless way to boost your bottom line.
Step 4: Decide what marketplace or venue you are going to use to dropship your products. The big name sites like Amazon and eBay have much to offer a beginning ecommerce entrepreneur because you can take advantage of the enormous flow of global traffic through these sites 24/7 as well as trade on their brand recognition. If you want your own website, choose a domain name carefully---one that makes it crystal clear what your site is all about---and make sure you get a good web server that won’t go down and cost you lots of business. List your dropship products on whatever venue you choose.
Step 5: You’re in business! You’re ready to start making sales and money. You don’t even have to buy inventory up front because with the dropship business model, you only pay your wholesale product source as each item is sold and your customer has paid you for it.
Getting started in dropshipping is a breeze and perfect for anyone who wants an ecommerce home business!