If you want more information about making money online with your own dropshipping business then read on. You might have lots of ideas of your own, if you are new to making money online with dropshipping. But to lower the risks of creating a website and paying for monthly hosting then you can narrow down the niche to specific product such as fishing poles.
HOW DROPSHIPPING WORKS.
What is dropshipping according to e-commerce dictionary?
Ecommerce Dictionary
dropshipping: A business model that you can use to run your store without ever holding any inventory. When you make a sale, your supplier will ship your products from their warehouse, straight to your customer’s doorstep. You’ll never need to worry about storing, packaging, or shipping your products
THIS IS A QUICK VIEW OF DROPSHIPPING.
1. The visitors come to your store for example (Shopify.com). And they pay a 100 USD for a product.
2. You send out the order to the supplier and you pay the wholesale price of 65 USD for that product.
3. The product will be shipped to the customer by the supplier.
4. You will make 35 USD profit and you can re-invest this money in your business.
WHAT ARE THE PRO AND CONS OF DROPSHIPPING?
Before you start a business you need to know what the good things are about starting a business and about the minor parts. You might have a certain vision about how you are going to start a dropshipping business.
THE GOOD THINGS ABOUT DROPSHIPPING.
Easy to start.
Without any prior experience and without a large budget you can start a dropshipping business. There is load off your back that you do not need any stocks and you can place the orders at suppliers site and the goods will be shipped to the customers.
You will get the opportunity to grow.
If you are not rushing and you can expand in due time. Your days will exist out of taking care of marketing and generating sales. You can grow at a pace you want and the investments are not going to be huge.
Dropshipping is really flexible.
All you need is an Internet connection and a laptop.You can add products to your website. You will a boss and you can set your own rules and do not have to take orders from no one. You do not have to stock inventory to sell to the customers.
Easy to manage.
All you need is a website where you post your products and you can automate this process of sending orders to the suppliers. This means you can manage your store and do marketing to generate profits. All the customer service issues you can handle by your self.
DROPSHIPPING CONS.
Low profit margins.
It is easy to have the idea in your mind and it is possible to make money with dropshipping. All you need is the determination. You are not the only one who is selling products bought from suppliers. The low competition markets are the most lucrative ones. You can do research to find where you can generate lots of money by tapping into these markets.
No control.
This one of the issues when it comes to making money as a dropshipper. You will have to believe the supplier that those persons send out your goods to customers. You have no control of stocks, shipping and order fulfillment.
Tough customer service.
Lack of control make the customer complaints tougher to handle. You do not have the overview if the supplier have send out goods and if the customer received the goods. You might get the blame when these things go wrong. To keep the customers happy you will need to take the responsibility.
How to get traffic.
You can do pay-per-click advertising. Run Facebook ads to generate traffic. Also you can comment on blogs to build backlinks. I think Adwords is one of the best ways to get traffic. This means you will have to pay when visitors click on your ads.
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