If you are looking to make money through internet, with little or no investment then dropshipping would be the best option available out there. I must admit I am a novice when it comes to computers and internet, so if you are wondering where to start this is the right place to be in.
First of all, don’t pay any money for typing jobs are as most of them aren’t legitimate. All sorts of pyramid schemes are available on the internet to exploit financially vulnerable people. So, the best way to start online is to do a lot of research and explore the varied options out there. I choose dropshipping as my option because, I had little money to invest and I wanted to own a business rather than working for someone else either online or offline.
So, what is dropshipping?
In simple terns, dropshipping means selling a product without physically having it in the inventory. You sell the product to the consumer and provide the consumer details to the supplier. Your supplier will then ship it to the buyer. Dropshippers are mainly wholesalers that are willing to send products directly from their warehouse to your customers. You act more like a sales rep for their products.
Advantages of Dropshipping
- You don’t have to warehouse inventory
- You don’t have to pay for the products upfront
- You don’t have to do the shipping for consumers
- You can try and test different products and understand hot trends
EBay Dropshipping
A lot of people do dropshipping with eBay. Dropshipping is eBay is really beneficial for someone without any prior experience and with little or no investment to start off with. If you are planning to dropship using eBay, I would suggest you to look ebay Pulse. EBay Pulse is a free service from eBay; it lists the hot searches that occurred for the day on eBay. You can look at the most searched item under each category which will give you a brief idea about the products in demand.
How to Dropship?
The first step in dropshipping is to decide on the product that you wish to dropship. This can be bit of daunting task but, places like ebay Pulse would give you an idea of hot trends in the present market. Then you need to find the supplier willing to dropship. If you are starting new, I would suggest a dropship service such as Salehoo, Doba or DropshipAccess to find your supplier. All of them offer either FREE trial or money-back guarantee. The advantage of using a dropship service is, it saves to lot of time and effort trying to find suppliers for your product. If you can’t find a reliable supplier or best margin for the product you are planning to sell, then cancel your membership during your trial period or get your money back. In my opinion, if you had done your homework upfront you are sure to find a supplier for the product through these dropship services.
Before signing up with a dropship service it is always better to shortlists few products for dropshipping as you might find the profit margin to be higher for some products.
Dropshipping Benefits
Many people who first hear about dropshipping wonder why there is such a service called dropshipping. I mean what is the advantage over dropshipping rather than buying product from the supplier or wholesaler and selling it yourself. Let us assume you wanted to retail products in electronics category for example. You need to have a lump sum in advance to buy products at wholesale price from the supplier. Also, you carry the risk of product not being in demand or the quality being not good enough for your customers. This will result in the product to be sold at a subsidised retail price.
With dropshipping you don’t need a lump sum investment initially. You can start to introduce new products in your catalog and based on the demand from customer you can bulk order them. Dropshipping also avoids the hassle of maintaining your own inventory.
So, in my opinion dropshipping is a good choice for people who are beginning to make their foot online through e-commerce. In order to save you the hassle of looking for reliable suppliers and wholesalers I would suggest using a dropshipping service.
