Is Dropshipping Profitable? 3 Things That Make a Difference
Anyone who is thinking about leaving their 9-5 job in favor of being their own boss and working from home may be wondering: is dropshipping
The answer to that question is this: It can be.
That may seem somewhat ambiguous and it probably is, but the fact is that whether or not a home dropshipping business is profitable or not depends on several factors. One person may pull in a 6 figure income from a dropshipping business while another person tries it and falls flat on his or her face.
Basically, if you are interested in starting an ecommerce business and considering the dropship business model, you might say that whether or not dropshipping is profitable is up to you.
What do profitable, successful drop shippers have in common?
There are some key similarities between those who start a dropshipping business and go on to be successful with it and those who don’t. Let’s take a look at 3 things that make a difference in having a successful dropshipping home business.
1. Successful dropshippers have realistic expectations. Having unrealistic expectations is one of the main things that brings many an aspiring ecommerce entrepreneur to grief. Many go into a home dropship or other online business mistakenly believing that a couple of hours a day or every now and then will suffice. It won’t. While nobody who has worked from home will deny that it beats working for somebody else by a country mile---it’s still work. You must be willing to roll up your sleeves and work hard to succeed.
2. Successful dropshippers make a plan. Key to success in any endeavor, online or off, is having a well thought out plan. You should sit down and methodically work out a roadmap to success with detailed plans about how you are going to get there. Without a plan, you will simply be floundering around with no direction.
3. Successful dropshippers practice good time management. One of the pitfalls for those who work at home is being too easily distracted away from the business at hand. The sense of freedom is a heady thing, but don’t abuse it or you will not succeed. You must set boundaries with friends and family, making it clear to all that you are not to be disturbed during working hours for anything short of a bona fide emergency. Naturally, if you are a Work At Home Mom with small children, you will have to vary from this dictum. But try to work out something that will keep the kiddies safe and occupied while you are working, taking frequent short breaks to spend with them.
Dropshipping can be extremely profitable! You gain personal as well as financial freedom and can spend more time with your family while earning an income far exceeding anything you might earn while working for somebody else.
So, is dropshipping profitable? Yes---provided you are willing to work at it!