Is it not amazing to think that you can transform your life, or occupation, to a more relaxing alternative?
Imagine preparing your own online shop, or store, and managing your business while sitting at your home.
Wouldn’t it be a happier life if you’re able to give your family the attention and care while making having a healthy pocket from your desk on your PC or notebook?
Well, if this is an idea you’re thinking about, selecting a trusted and proficient dropship business can provide you that solution with a huge selection of products.
What’s a dropship company?:
A dropship business believes in retail business through its channel partners like you.
This company is usually a wholesaler, a big stockiest or maybe a C&F (Carrying & Forwarding) Agent.
They usually stock their products and forward them to the end-users, or customers, all done for you.
What is your advantage?
You do the marketing to sеll thе рrоduсts tо уоur customers, and get the commission revenue from it.
The dropship companies doesn’t brand their name on the packaging, so this means that you get your presence to be felt by your customers.
Meanwhile the dropship company takes orders from you and directly delivers the products to your customers.
What’s the benefit of going to a dropship company?:
Firstly, you don’t need to pile up the inventory or find a warehouse to keep stock.
You also don’t need a big investment to start your business.
You don’t need to worry about the expiry or wreckage during transport.
And you even don’t have to pay for the products if your client doesn’t purchase them.
Sounds amazing, right?
Yes, thеsе аrе јust а fеw оf thе major benefits of dealing with dropshipping.
How do you set up your business up?:
If you’re striving for a brick-and-mortar shop, this will cost you a great amount of investment.
But, if you’re planning to set up an online store, that is a better idea to advertise your products and use the dropshipping company model.
Let me tell you about my online fashion store…
I previously tested out setting up my own dropshipping site using Shopify and Oberlo.
I found great sellers selling fashionable dresses that I loved on Oberlo, and this connected really easily to my website hosted on Shopify!
If you are new to dropshipping then I think Shopify and Orberlo then have great guides on how to start a small online business.
I personally found this really helpful, as it made the whole process fast and simple to do step by step.
My store was up and running within about 2 hours!
It was quick for me, because I always love creating through websites.
You too need to have your own online store firstly to exhibit products from the business you choose and promote your site to get traffic and potential customers.
When you receive orders from your customers, the company will get information from you and the products are delivered through a secure channel to transfer funds.
You only pay a portion of the cost as a wholesale cost and the rest is pure profit for you.
What are the costs involved?:
It is true that there can be some disadvantages when you are setting up your own online business, particularly with dropshipping.
In this section we will describe some of the costs for you to consider before you start.
Firstly, you have to invest in designing a great web-store or pay a monthly fee for your website to be hosted somewhere else.
You will also need to cover hosting costs and all of the potential apps and widgets required for a highly optimized website nowadays.
Secondly, the costs to promote and get traffic that turn into customers can start to add up.
For example, spending on Facebook Ads, PPC and SEO.
There is no set amount to spend on marketing.
It is not a strategy to make money overnight, it can be a long time before you generate your first sales so you need to be aware that you do not control the time.
However, don’t lose heart if you really want to start, just ensure you set up 1-3 digital marketing strategies that you are happy to do consistently.
This means that you will have to spend and test on many different marketing strategies and tricks before you start to see the return on your investment.
Thirdly, you will need to think about your legal fees and tax payments when the money does start rolling in to your online business.
Alternatives to having your online store:
There are numerous e-marketplaces around the globe such as Amazon and eBay.
If you select a good and technically effective dropshipping company that provides a centre for integration in Amazon, or eBay, then you can start selling your products with some ease through these global e-Commerce stores.
Another alternative is to choose affiliate marketing for websites that sell great products, instead of setting up an online store.
All you may need to do is a simple search on how to start a small online business and find potential companies offering dropshipping facility, research a little about them about their terms and conditions, and sign up with them to start your business on Amazon, eBay or even on your own customized site.
Remember that, although you need to pay for your dropshipping website related costs, you should not pay to sign up to an affiliate program. The best ones that we mentioned above are actually free to join.
Faithful in your success!
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Hello, my name is Ruth and I'm the founder of TaxTwerk.com. Also the author of the bestselling books 'How to Make Your Tax Sexy' and '12 LinkedIn Messages That Actually Work'. Did you pick up your free gift from me?>> Get Access Here