Did you know that there are a lot of resellers in the U.S who are earning a full-time income just from dropshipping? In this article, we will enlighten you on what dropshipping means and how YOU can earn a living (a lavish one) from it.
What Is Dropshipping?
Dropshipping simply means buying a product from a Chinese wholesale marketplace like Aliexpress or Alibaba at cheap prices and selling the same at a slightly higher amount to your customers.
The difference between the two prices is your profit!
Dropshipping has several advantages. It’s impossible to cover all of them so I’ve churned out the most viable ones for you:
- You need not worry about buying and storing products i.e. you incur ZERO inventory costs. All you have to do is buy the product when your customer demands it and then have the dropshipping supplier ship it to him.
- You do not need to look after the shipping either. When you get an order from a customer, you just have to put his/her address in the address bar of your supplier’s website, for instance, Aliexpress and it will take care of the delivery.
- More often than not, your customers won’t know that a third party is involved.
How To Dropship From China?
Having understood what dropshipping is, the next obvious question that would’ve occurred to you is how do you do it!
There are 3 major things that you need to do in order to start dropshipping:
1.Find A Product That’s Currently Trending:
If you do this, you won’t have to struggle to find customers for the products that you are trying to resell. As the product is already on the Hotlist, people might be scouring for it online and you could be the seller they need.
2. Set Up A Shopify Store:
The reason behind choosing Shopify as your eCommerce store provider is that you don’t need any investment to get started here–you can start a store for free.
However, you have to pay a commission to them for every sale you make on your free Shopify store.
You can use other dropshipping tools as well.
3. Market Your Product:
All that’s left now is to market your listed product for generating sales. Your best bet would be to market your product on Tik-Tok or other social media platforms. You could make some lustrous content around your product which will help you generate traffic.
Is Dropshipping Profitable in 2021?
The answer to this is a big YES! The only thing required to make dropshipping profitable is the correct mindset. You should think of this as a real business that will take time and consistent efforts to grow. You should never see dropshipping as a “Get rich quick” scheme.
If you’re working with this mindset, you are most likely going to fail in the near future.
Having spilled out everything you need to know to start a successful dropshipping store and earn a living from it, it’s up to you to act on the advice.
Just remember that consistency is the key to success and dropshipping is no exception.