dropshipping business opportunities
Published on: February 7 2023 by pipiads
Table of Contents About dropshipping business opportunities
- How To Start Dropshipping With $0 | STEP BY STEP | NO SHOPIFY & NO ADS! (FREE COURSE)
- How Shopify Dropshipping Works
- The UGLY Truth About Dropshipping That No Guru Will Tell You
- How To Actually Start A Dropshipping Business (FREE Guide)
- Easiest Way To Start Dropshipping From Scratch (Exactly What I Did)
- What is Dropshipping for Beginners? How to Make Money Online in 2021
How To Start Dropshipping With $0 | STEP BY STEP | NO SHOPIFY & NO ADS! (FREE COURSE)
my name is isabella. i am the owner of two six figure earning online businesses, and today i'm gonna be showing you how to build a successful drop shipping store with zero dollars, without shopify and with zero ads. so that means zero dollars that you guys can start this store with, and you will not have to worry about dumping any money to start this project. i actually care about your pockets. a lot of gurus on youtube recommend using shopify, which i do not recommend, since they do have monthly fees. i don't recommend getting shopify or using shopify unless your business is already a six figure earning business. there are so many free website hosts out there that you guys can use for free, which i'm gonna be showing you guys how to utilize one of those today. so people do charge over thousands of dollars for courses, just like this one. so in exchange for this information today, i just ask that you hit that like button and subscribe to my channel so i can continue to make videos like this for you guys. so why should you start a drop shipping store? is this the right business model for you? i recommend drop shipping for those that are just starting out selling online, that don't want to invest any money up front that you want to start a side hustle. and the great thing about drop shipping is that you can do it from anywhere in the world. you can target the united states and be in a completely different country, and then you don't have to worry about inventory or shipping products yourself. in this video, you will learn how to find winning products to sell, to find your niche. you're going to learn how to create a free logo and name. i'm also going to show you guys how to set up a free online store- zero dollars monthly- that you guys can use. i'm also going to show you guys how to add the products to your online store, how to fulfill your drop shipping orders once an order is placed, how to market your online store for free- never buy ads, guys- and i'm also going to go over this one thing that a lot of people don't go over, which is kind of just the legal side of drop shipping and the tax basics of drop shipping, which it's not going to be advice. with that point, i'm just going to tell you guys what i personally did. nothing in this video is actual legal advice. this is just what i personally did. so let's find a product to sell and let's figure out what your niche is going to be. so i utilize a couple different ways and you guys can do this either on your cell phone, on your smartphone, or you guys can do this on your computer- it doesn't really matter- and when i'm researching products to sell, i use tik tok, i use aliexpress and alibaba to research, i use amazon just to see trending products and then i also use google. so you're gonna be using these four things today that you guys can all do from your laptop or phone. so what is drop shipping? i'm gonna tok about this quickly, just for beginners that are unsure about the drop shipping model. so a customer will place an order on your website, on your online store, in order for 200. obviously we don't work with these big numbers. typically they're smaller products, but this is just an example. so the customer places an order on your store for 200 and then you're going to go to your supplier. you're going to find this product online for cheaper, so you're going to charge 200 in your store for this product, but you found a supplier that has it for 150.. so you're going to place the order for your customer for 150. you're going to take their 200.. instead of you shipping the product, the supplier is going to ship the product and then the supplier ships the product directly to your customer. so your store is just the middle man between the customer and the supplier and for doing this, you get to keep 50 profit of this sale. so if you guys are familiar with my channel, i always say it's 25 the product and 75 how you market it. so the questions to ask yourself is: how entertaining is this product? can you relate this product to your own life? what content can you actually create with this product and how much content can you create with this product? because the marketing side of it is more important than the product itself. so the top niche categories for 2022 and probably beyond 2022 is beauty, pets, tiknology, kids, gifts, photography and fitness. i'm going to show you guys a couple of examples and let's dive right into this tutorial and i'm going to show you guys how you guys can find products to sell in 2022. so i want you guys to go on to google and type in tiktok- trend discovery. we're going to search for that right now. so it's this one right here: trend discovery, hot content on tiktok. click on this. tiktok is definitely the most popular social media right now, meaning that there are people that are running ads on it. although we are not going to run ads on it because we don't have to, tiktok shows your videos without you having to pay for ads. that's the beauty of tiktok. so, but we're still going to use what people are running ads as, just as a reference to see. so i'm just going to click select, all here. i'm gonna select united states, because i personally target the united states when i was drop shipping, and then go ahead and just scroll down and we're gonna try to see and look for products and you guys can see a lot of these um, people, i think they're selling mostly digital products or apps. so you guys can get a lot of different ideas of things that people are selling on tik tok and what people are actually buying ads for, even though you're not going to buy ads. what's crazy is that all of these things- the people that they bought these ads- they didn't have to do this, because tiktok pushes out your content. if you have good content, it'll push it out. this is actually the type of product i recommended in one of my previous videos on my youtube channel. people really love anything that you can create content-wise, that's something satisfying and that also adds value, which is why i love this person's content, how they're promoting this product again. they could have did this without buying ads and could have made their business viral without buying ads, which is how i grew my business on tik tok. but you guys know that if you've watched my other videos, i don't recommend buying ads because it does harm your profit margin, and i tok about this more on my youtube channel if you guys want to get a reasoning of why i don't agree with buying ads. so i found this smart hula hoop on tiktok. it was a trending item, so i decided to look into this product and because this stuck out to me as a drop shipping product, i decided to base this video on this product today, just as an example to show you guys. now, obviously, with this kind of product, you do have to show your face because you're showing off a fitness type product. as you guys can see, there's so many products across tiktok that you guys can still sell without showing your face. if you guys are unfamiliar with my business, this is my e-commerce story body fold that i grew just from tiktok without paying for any ads, as you guys can see- the link is in my bio right here and you guys can see how i did my bio and everything. but you guys can see that i sell and i make sales. this one got one million views and i don't even show my face. now i do sell products that i ship myself, which i explain why i do that on my youtube channel. but i just want to show you guys an example that you guys can sell products online without showing your face. i hardly ever show mine- very rarely do i show mine like right here, but that's a very rare occurrence and my most viral videos don't include my face, and one niche that might work good for one person might be different for another. so the first thing that i do when i find a product that might be a potential product to sell is i google it. so i typed in hula hoop exercise to see what would come up, so you guys can see right away. this dh gate listing came up and if you guys are unfamiliar with dhgate, dhgate is very similar to aliexpress, so obviously
How Shopify Dropshipping Works
There's a trendy e-commerce fad. behind those obscure, eye-catching products that fill our feeds on Facebook, Instagram, TikTok and YouTube: It's called dropshipping. It's definitely an industry that is growing. You're seeing companies going public now just based on this premise of dropshipping. The model relies on targeted ads designed to stop consumers from scrolling long enough to make an impulse purchase, usually from a Shopify store set up solely for that product. Many of those same younger consumers. they are also looking for creative ways to make money, And this really is the rise of the young merchant. It's like salesmen. Salesmen are like the old school version of marketing. If you're a good salesman, you can sell anything to anybody At age 21,. Ka mil Sattar's dropshipping sales topped 1.7 million dollars in 2020.. You basically only buy the product when you get the payment, And then you get the product from a supplier in the US or China. Then they send the product directly to the consumer and you never see it or never touch it. Some sellers say dropshipping is a get-rich-quick scheme to make easy millions without ever leaving your couch. Others call it a serious business that takes major hustle to pull off properly. There are more nefarious actors in this industry, and there are legitimate ones. We toked to some big name dropshippers about how they made millions with viral products and asked e-commerce experts how copycats and cutting corners could tarnish the industry for everyone. Dropshipping in its simplest form is when the seller acts as a middleman without ever touching the merchandise. Nick Peroni does dropshipping full-time, sourcing sites like AliExpress for low-cost products available directly from suppliers, usually in China. If you have a supplier you can trust, you can do the quality control with the supplier. They can send me pictures of it- 3D video of it, so that I can see exactly how it looks. After a customer places an order on Peroni's Shopify store, he purchases the product from the supplier and has it shipped directly to the customer, which can take some time. If you find products that are unique enough, then people are generally willing to wait. Take this laptop sleeve that I ordered on June 30th last year. It shipped directly from China and took two months to get to California Products, where it takes 30 days, 60 days, even 90 days to even get to you. Now that is what I call poor dropshipping. Where people really tend to get annoyed with dropshipping is if they waited for two weeks and then they get their product and it sucks anyway. I ordered these boots on October 28th last year and they arrived December 7th. I never got a shipping or a tracking notification And when they did finally get here, they came in this ripped bag from China Post and they were stuffed loosely inside. They smelled pretty awful and they were the wrong size. I thought about returning them, but returns with dropshipped items from overseas can be pretty complicated. I looked for a customer service number on the store where I bought these and I couldn't find one, and I opted not to return them because I would have had to pay for my own return. p ostage- False advertising is definitely a big problem in the dropshipping world. The product is aligned with you, aligned with your interests, and you want to buy it. So you buy it And it does not match up at all to the product you're getting. Dropshipping is also what's responsible. if you order something from Amazon but it arrives in a box from Walmart or any other major retailer, The customer is confused. they're like: I ordered something from Amazon t. his is not my product. I got so many messages like: why did you send me this? Bradley Sutton provides software for Amazon sellers and he test ed out dropshipping in the 2020 holiday season. He sold things like RC cars on his Amazon page, dropshipped from cheaper listings on Walmart and elsewhere. Part of Amazon's dropshipping policy is that you do not deliver with packaging. t hat is from another retailer, But my account didn't get shut down. I grossed over $500,000 dollars, but I've kind of stopped that test because it's just not a sustainable model for me. Amazon has a long-standing policy against dropshipping from other retailers, And a spokesperson told CNBC: "If a seller violates our policy, we will no longer allow them to directly fulfill customer orders". So you have Shopify, you have BigC ommerce, you have WooCommerce, you have Amazon, you have eBay And if you get banned on one platform, you can move up to the next one. The dropshipping that fills social media feeds isn't happening on Amazon. It thrives on Shopify. They made this one-stop shop for you to set up a store. It's just super easy for you to start selling online And a lot of these dropshippers know it. On Shopify's Help Center, there's an entire section devoted to tips and strategies for dropshi? pping. The main advantage of dropshipping is that you don't have to worry about storing, packaging or shipping your products. In an analysis of more than 120,000 Shopify stores, online consumer protection company Fakespot found more than 25,000 that engaged in some form of fraudulent activity, like counterfeits, privacy leaks and buying fake reviews. Of those, almost 72 percent showed evidence of dropshipping tactiks being used in their business. Fakespot has a Chrome plugin that alerts shoppers if a seller on Amazon, Walmart, eBay, Best Buy or Sephora can't be trusted. It recently added capabilities to detect untrustworthy stores on Shopify, too. Fakespot says most of the fraudulent stores appear to be China-based merchants posing as US small businesses. You want to support the local mom and pop store, but these s? ellers are not from the United States. They're from around the world and they're just utilizing this to make a buck. Still, Shopify is home to the online stores of major brands like Heinz, Staples, Jenny Craig and Gymshark, With more sellers than ever before signing up for a Shopify storefront in Q3 last year. Shopify shares more than doubled in 2020, and its market cap recently surpassed 150 billion. Thirty five percent of young Americans started a side hustle during the pandemic. Most of them are doing it on Shopify, which is why you saw more signups in Q3 than ever before, But the way they're doing it is totally different. They're using avenues like TikTok. In a survey of more than 10,000 consumers, Shopify found that 54 percent of shoppers age 18 to 35 discover brands on social media and 28 percent made a purchase there. These young consumers are going to be the shopkeepers of 2021, and the way they buy is going to be the way they're going to sell. We're going for impulse buys with people that are not necessarily intending to buy something when they log onto Facebook or Instagram. Marketing is probably 60 percent of the game. Sattar sells 80 to 90 percent of his products through Facebook ads and the rest largely through ads on YouTube. T ikTok ads can now play directly within Shopify stores, following a TikTok-Shopify partnership announced in October. We have a video editor on our team, And so when we have a product, we can put together a 30 to 40 second video that tells a story of what the product does, why it's valuable. Choosing the right product takes a lot of legwork. I always say to people: you're going to test around about five to ten products until you find something that actually does something. This pineapple slicer and these dog grooming gloves are examples of products that flopped for Sattar. It's all about finding things that people haven't tried before. We have softwares that we use where they do AI tiknology and they tell us what are the best products at the moment what's trending? Sattar's breakthrough product was this iPhone privacy screen protector. Soon after another one of his items did a million dollars of sales in one quarter. Many dropshippers find pr.
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The UGLY Truth About Dropshipping That No Guru Will Tell You
in this video, i'm going to answer the most commonly asked questions about drop shipping, including the questions that most people won't give you a straight answer on. so here's the ugly truth about drop shipping. now, drop shipping has a reputation for being a get rich quick scheme because it sounds way too easy: you don't need to store inventory, you don't need to ship or fulfill orders, you don't need much money to get started and you can run a dropship store from anywhere in the world. now, while all these statements are tiknically true, a common misconception is that running a successful dropship store is easy. but in reality, success with drop shipping has many pros and cons and isn't as straightforward as you are led to believe. so in this video, i answer all the in-depth questions related to drop shipping to provide you with a complete view of what it takes to run a profitable dropship store. now, what is drop shipping? drop shipping is an ecommerce business model where an online store does not carry inventory for the products it sells. when an order is made, the online store purchases the products from a wholesale supplier, who then ships the order directly to the end customer. so, as a result, the online store owner does not have to deal with physical inventory or perform any shipping and handling. there are no upfront inventory cost because all products are purchased on demand. now is drop shipping legal and legit? it is 100 legal as long as you use legitimate dropship suppliers. so, for example, if you sell disney merchandise on your online store and your supplier dropship's fake disney merchandise on your behalf, you could be liable for fraud. as long as you're careful about who you work with and only use officially licensed distributors for the brands you carry, drop shipping is legit and safe. now, does it require a seller's permit and a business license? well, in the us, you absolutely need a seller's permit in order to legally sell online. now, most states require you to charge sales tax to customers where you have economic nexus, and drop shipping is no exception. if your locality requires a business license, then you must get a business license as well. remember, drop shipping is simply a method of order fulfillment. your drop shipping business is a real business and must be registered as such. now, how profitable is drop shipping? well, because your supplier is doing most of the heavy lifting when it comes to fulfillment and inventory. the margins for drop shipping are much less than other e-commerce business models, so typical margins for drop shipping are between 10 and 30 percent, compared to 50 to 66 percent for private label and traditional wholesale, which makes drop shipping far less profitable. now, the best products of drop ship are higher tiket items that yield more revenue per sale. now is drop shipping worth it? well, despite the low margins, drop shipping can be a great way to get started selling online. for less than three bucks, you can start a fully featured ecommerce business that carries hundreds of products, and drop shipping is worth it for product research as well. without any upfront risk, you can list many products online just to see what sells and then, based on your own sales data, you can private label or carry inventory for your best selling products and keep more of the profit. now the best part is that drop shipping can be automated, except for the customer service. now, most established drop shipping suppliers support edi, which stands for electronic data interchange. edi is an electronic system that allows your website and your suppliers website inventory to automatikally stay in sync. so, for example, if your supplier runs out of stok on a partikular product, your website's inventory will automatikally be adjusted. in addition, all orders placed on your website are automatikally transmitted to your drop shipper for fulfillment. however, even though order fulfillment is automated, you are still responsible for answering questions and performing customer service. now here's how drop shipping from your own website works. now, if you use a well-supported e-commerce platform like shopify, bigcommerce or woocommerce, setting up drive shipping is a straightforward process. here's exactly how you drop ship from your own website and how it works. a customer places an order on your site and you accept payment. the customer's order is electronically transmitted to your drop chip supplier, where you are charged the agreed upon wholesale price for your goods. your drop ship supply then ships the order to the end customer and you pocket the difference in cost as profit. now you don't have to drop ship on your website. you can also drop ship on amazon, and here's how amazon drop shipping works. you list your products or sell on amazon as a merchant fulfilled seller, and then, when an order is placed on amazon, you electronically send the order to your drop ship supplier, who then ships the products to the end customer. now, overall, amazon drop shipping is a much riskier business model than drop shipping from your own site, because you have to follow amazon's terms of service to the letter. first off, you must source your products from a legit wholesaler. you are not allowed to drop ship your products from another marketplace like aliexpress, ebay or walmart, otherwise you're going to get banned as a result. aliexpress drop shipping on amazon is expressly prohibited. amazon also imposes very strict requirements for shipping and fulfillment that must be met. if you have a series of late shipments or inventory mishaps, your account's going to get banned. but outside of following amazon's terms of service, drop shipping on amazon works much the same as drop shipping on your own website. you can also drop ship on ebay. you simply list your products for sale as an auction or store listing and then, when an order is placed, you electronically notify your supplier who fills the order and similar to amazon. you must source your products from legit dropship suppliers and not marketplaces like amazon or walmart, otherwise you're going to get banned. so, as a result, get rich quick. schemes like buying products from amazon and drop shipping them on ebay at higher prices is prohibited. now you're probably wondering how drop ship payments work. well, when you sign up with a drop shipping supplier, you'll be asked for a form of payment and typically you can pay by credit card. your supplier keeps your credit card on file and simply charges your card when an order is placed. you can also use ach or direct transfer. this is where your supplier keeps your bank information and automatikally places a transaction at the end of the day, week or month for all products purchased. the best way to pay a drop ship supplier is through payment terms. some suppliers will offer you payment terms, which means that you don't have to pay for your products until 30 or 60 days later. now, whenever an order is placed on your website, two payment transactions occur in the background. the first transaction takes place when you accept payment from your customer and deposit the money into your own bank account. the second transaction takes place when you pay your supplier for the raw cost of goods and any related drop ship fees. now where do you find drop shipping suppliers? there are four main ways to find suppliers. depending on your budget and the types of products that you want to sell, and by paying a fee, you can perform a search and instantly have access to hundreds of pre-vetted suppliers. you can also use a drop shipping company. a drop ship company acts as a middleman who automatikally connects you to a dropship supplier. you simply list the products that the dropship company offers and they handle the entire fulfillment process. as a result, you do not have to find or interact with any suppliers. you can also go to a drop shipping trade show. by attending local wholesale and drop shipping trade shows, you can form drop shipping arrangements face to face. you can also use a print-on-demand com.
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How To Actually Start A Dropshipping Business (FREE Guide)
many of you guys watching have probably heard of Shopify dropshipping, but are just wondering: how the heck do you actually do it? and I completely understand you. drop shipping is one of those business models. we have tons of people online toking about how profitable it is and how you can make thousands of dollars every single month while living at home just on a laptop, and it's true. but, to be honest, there's an overwhelming amount of new people coming into the space having a little bit of success, who really have no business sharing information on Drop Shipping and Shopify as a whole, and, in turn, it leaves a lot of you guys clueless and unsure as to exactly where to start with the business model, and I completely understand the frustration. so, since I'm such a nice and generous guy, I'm going to show you exactly how to actually start your very own Shopify business right here, right now, and the best part is, it's completely free. I've been Drop Shipping since 2017. I've generated millions of dollars with the business model, and so I know a thing or two about it. it's not like I just had my first hundred dollar day and I'm coming on here to make videos. it's not like that by any means. now there's also going to be a huge announcement at the end of the video. so make sure you stik around. it's going to be in an insane opportunity where you could potentially win thousands and thousands and even tens of thousands of dollars for simply just starting Drop Shipping and having a successful store. but I'll wait to explain that till the end of the video. so just stik around, take notes and then, by the end of the video, you're gonna have an insane opportunity on your hands that I think, is like one of its kind. so just sit tight and hang on, get a notepad ready, because we honestly have a ton of work to do, so let's get into it. first things first, we need to make a Shopify store, so I will have a link below. but this is essentially the backbone of your business and this is exactly where you'll be housing your website. so once you put an email in- I created a simple one that sounds very clever: subscribe to seb's channel. if you're watching this, subscribe might as well. I'm showing you, guys, how to start a Shopify business. so then, once you do that, just click Start your free trial, and then this will essentially take you through a ton of stuff that you don't honestly even need to do so. just click Skip, Skip and Skip. you don't even need to put a store name in. you can change it at any time, so it does not really matter. you will need to select your country, so select that I'm currently in us, and then for create a shopping ID. I just continue with Google and then select my email and then that's kind of it. your Shopify store is now being built and it's not like it's going to be completed, but you'll have the account now. so now you can actually lay the framework and start building out the store. I'll quickly go over, though how to actually set all this stuff up and how to use your Shopify store. so this is the home page. this is where you're going to start seeing all your orders and stuff. essentially, like, it's not going to show up right now because we haven't picked a plan and done anything, so it's going to try and like force us to do tons of stuff like add some apps, make products, do a name, customize the theme domain, all that stuff and tons of other good stuff. so that is the home page, but once you have this all set up, it will show you the orders you have today, the visits and stuff like that, and then orders. this is essentially once people place an order. this is where the info will go. and then, for the products tab, this is, if you guys want to guess, this is where all the products show up. so I'll show you guys exactly how to add products to your store and how to fulfill them, even like when you get orders in and your customers actually place an order and they show up here- how to Auto fulfill them. so you guys don't need to use AliExpress- ditch that old stuff, it doesn't work anymore. there's other, better ways to fulfill your orders with Shopify- and so I'll show you how to do all that stuff: how to add products. and then customers: finances analytiks is actually very important. this is going to show you sales sessions, returning customer rate, your conversion rate. so if 100 people land on your site and only one person buys, it will be a one percent conversion rate. it even breaks it down further and just tons of good stuff. so this is the backbone of your business. but, more importantly, what we need to do is go to apps. so what we're going to do is just type in what's called Zen drop. so type that in and this is going to be where you actually fulfill your orders and once customers Place orders, they are going to be the company that is helping you out with getting the product from their warehouse into the customer's hands automated. so there's a way to do it completely automated, where you literally don't even have to click, place order or fulfill order. they handle everything. we've done thousands of orders per day with zendrop. they are an amazing supplier and Company. I want have an affiliate link. I don't want to scare you guys off and think like Zen drops a scam and I'm just doing this video to help them out. I'm not at all. but for password, we will just put in, uh, something random and then let's do this. let's hope I remembered it. I think that's it for phone number. I'm gonna do a basic one. hopefully that works. we'll see a text message and then let's see if that works. yeah, cool, that works. so we're good to go. the accounts made. I didn't put my real phone number in, so don't try calling me. but once you get into the account, this is where the fun begins. so now you can just kind of surf around four cool products and see essentially what you want to sell. you can do this. there are tons of other ways to find products. now I kind of already know products that sell well, but if you guys want more in-depth details on product research and stuff, I will have a link below for a free Drop Shipping course. it's completely free. it took me a few weeks to film and I released it for free with one of my business partners, Sebastian Georgia. so again, the course is free. we're like giving you everything I do on a daily basis for the Drop Shipping business for free. so again, all the link below for that. like I did mention, I already know some products that are working well, so we can just do like. there are a few I'm seeing right now that do well. we can just kind of pick one of them. I always like to sell problem solving products, so we can just say: like this hot and cold gel therapy mask, it's a good product. I've seen it on tiktok a little bit, so we'll just click it and then essentially all you have to do to get the product from zendrop onto your website. you don't need to go on here and then go to products and create a product. it's nothing like that and this is completely ditching AliExpress. all you do is again add that app, click add to import list, go to import list and then right here, all you'll need to do is edit your description if you want to edit the variants. so one of the things you'll need to do is edit the sale price. for myself, I would want to have at least like a 3X markup, so we'll just say: nine dollars plus six dollars is going to be 15.. so we can sell this for 39.99. that's a decent enough margin- and then just plug that in for every single color- and I'm just copy and pasting it just to make my life easy- and then from there we're profiting to twenty five dollars per sale. so if we get 10 sales, we will be profiting 250 dollars. next, you need to select the photos. so make sure you are not selecting photos that look like they came from AliExpress or came from somewhere bad, because if you guys do that, it's gonna look scammy. I saw other videos where people were trying to show you guys how to make a website and the photos all look like this and like this and like this and like this and like this. that's not what actually works, and take this from someone who actually knows what they're.
Easiest Way To Start Dropshipping From Scratch (Exactly What I Did)
trying to start a dropshipping store can be overwhelming. with so many different steps and strategies, it's hard to even know where to start. so in this video, i'm going to share my exact strategy for starting a new drop shipping store from scratch, and in the last couple months, i've built a new store with this strategy, and that store has already done close to 900 000 in sales. so if i had to start over today, this is exactly what i would do. if you're new here, my name is jordan and i'm currently documenting the entire process of growing my online business with as much transparency as possible, so that i can lead by example and help you start your own online business this year. so if you're interested in starting your own online store and you want to follow my journey, make sure to subscribe for new videos every single friday. all right, let's get started. firstly, i want to show you some live results that i'm getting with this exact strategy. so it's around halfway through the day and i've already generated around 3 800 in sales on this store. the profit margin is pretty good as well. i've done almost fifteen hundred dollars in profit, which is almost a forty percent profit margin, and if we take a look at yesterday's stats, you can see i sold around sixty seven hundred dollars and made around eighteen hundred dollars in profit. i just wanted to prove to you that this is working right now. so you know it's worth your time to watch this whole video. so there are four main things that go into building a successful drop shipping store. the first one is your product. the second one is your store. the third is your marketing and how you get customers, and the fourth is running your business and shipping out your orders. now i'm gonna break down each of these one by one as simple as possible. so let's get started with products. so without a winning product, it's pretty much impossible to have success with drop shipping. thankfully, there are a ton of products out there that you can sell. every single week, new winning products pop up, so the opportunities are always fresh. there's really only three things that i look for when determining if a product is a winning product. the first thing is if the product has been recently trending on facebook and instagram. what i mean by trending is that there is a ad that is getting a ton of views, shares, comments and likes and people are going crazy for the product. this is a great sign that you can make money off of this product because people are already interested in it. as long as you do something a little bit better than the person that's already selling it, you can swoop right in, compete with them and make money selling that same product. this is exactly what i've done for every single one of my winning products and it's worked time and time again. the next thing i look for is mass appeal. my favorite type of products are the ones that can be sold to the masses. i don't love the extremely narrowed down products that only apply to a small set of people. yes, they will buy the product, but if we ever want to scale and build something big, we need something that we can sell to almost everybody. it's okay if it's a little narrow, like it's only for women or it's only for men, but the broader the better. the last thing i look for is good profit margins. what i consider to be good profit margins is being able to sell the product for three times the cost it takes to ship it out to the customer. so if the product costs you around 10 to send it to your customer, you want to be able to sell it for at least 30, and that's pretty much all i look for in a winning product. let me show you a live example of exactly what i'm toking about. okay, so this product is an absolute banger. basically, it is a garden privacy fence that you set up in your backyard. as you can see, this product was launched on march 8th of this year and they've already got over 70 000 likes on this post. if you check out the comments, people are going crazy for this. they love it, they really enjoy the product. but the people that are selling it aren't doing a good job and if we look at their video, it's not really that good. and then if we go to their website, it's the same thing. it's really not that good. this product has great profit margins as well. you can see that it cost around four dollars on the low end to ship to a customer and they're selling it for anywhere from 1999 all the way up to almost a hundred dollars per sale. so if you came in and made a slightly better video, a slightly better website, you could clean up off of this product and make a ton of money. so, like i said, that product is an absolute banger and a perfect example of a winning product. now, how do you find these products? the tried and true method that i've been using for years is simply just looking on your facebook and instagram feed. every single day, you're going to get targeted with ads for drop shipping products eventually, and every time you get targeted with one of these ads, you need to show facebook that you're interested. so you want to go to the ad, you want to like, you want to comment, you want to go to the website, you want to click add to cart and show facebook that you're trying to buy stuff like this. so they will start recommending you more products and your feed is just going to become the best product research tool that you have. that's my favorite method, but i also created a tool that automates this process. so if you want to check that out, click the link down below. alright, so step number one is finding a product that fits this criteria. so once you've got that product, now you've got to build a store. now there are a couple different types of stores that you could build. you could build a general store, which is a store that has a bunch of random products all around it. you could build a one product store, which is a store that only focuses on selling one main product, or you can build a hybrid store, which is what i recommend. building a hybrid store combines the benefit of a one product store and a general store. with a general store, you have freedom to test a bunch of products, and with a one product store you're limited, but you're gonna have a higher conversion rate and people are gonna trust you much more than a general store. with a hybrid store, you're creating the same branded feel that a one product store would have, but with the freedom to test a bunch of products. i think it's better if i just show you an example. so this is a sample store that i created. that would actually be perfect for the product i just showed you. the store is called flora flow. as you can see, it's pretty much focused entirely on home and garden based products. it has a nice branded design, it has a good logo, it's easy to browse and shop around and overall, it feels like a trustworthy site. i recently made a video on exactly how i built this store, so after you watch this one, feel free to check that out. the one tip i will give in this video is to model your store off of what's already working. this is not some brand new design i came up with. i just put my own little twist on what was already working. you don't have to reinvent the wheel. you just have to take what's working and add a little bit of your own sauce to it. so i would advise taking your product, building a store like this and filling it up with products that are similar to the one you're selling. here's another really good example of a hybrid store. this one is called arctik shirt and, as you can see, they sell a bunch of home decor products as well. they have the moon lamp, this kitchen set, they have bedding. they have all types of products, but the store is really nice, branded and feels extremely trustworthy. in my opinion, this is the best approach for beginners, so give it a try. next up, you need to get some traffic and customers to your website. personally, my favorite method for starting with a new store is facebook ads. it does cost a little bit of money to run ads on facebook, so i recommend that you have at least a couple hundred dollars.
What is Dropshipping for Beginners? How to Make Money Online in 2021
What is Dropshipping? Hey, what’s up world? I’m Tommy Walker with Oberlo, and today we’re going to tok about Dropshipping, what it is and how you can get started. I’ll also give you four actionable steps to start your own dropshipping business today. And stik around until the end of the video, because I’ll give you a few personal suggestions and things to keep in mind as you’re getting started. Alright, welcome to the Oberlo Youtube channel where, every week, we’ll be discussing the various elements of what goes into starting, operating and growing your own dropshipping business. If you have any questions or want to share your experiences with dropshipping, drop them in the comments below and I'll be sure to answer them. Like I said before, I’m Tommy Walker and if you like what we’re toking about here, consider subscribing so you can get new videos every week. Let’s say, you’ve been thinking of opening up your own online business, but you don’t know where to start. You don’t know what you should sell, you don’t have the money to invest in products and, looking around, you don’t have any place to store inventory. That’s what dropshipping is all about. You see, with dropshipping, you can sell stuff online without the products ever being in your hands. All you need is a computer, an online store and a basic understanding on how to market and sell online. Here’s how it works. First, you find what you want to sell from a supplier, then list that product on your own website at a price you set. Next, when someone places an order for that product, your customer pays you the retail price you’ve set and you make a profit. Then you’ll place the order with your supplier at their wholesale price and have it shipped directly to the customer. So let’s say you’ve found this watch on a supplier’s website for $10. You would then list it on your own website for $30. When the order comes in through your website, you then place your order with your supplier using your customer’s shipping information, keep the $20 profit and have the product shipped directly to your customer. That’s it. Now I know what you’re thinking. why wouldn’t somebody just order the watch directly from the supplier’s website? Well, a couple of reasons. First, it’s a very big internet and customers may not know about the supplier to buy from them directly. Second, when people buy things, they’re not just buying products. They’re buying into the marketing, positioning, trust, brand and lifestyle those products represent. With dropshipping, you can focus on marketing your products and saying the right things at the right time and on providing real value to the right people, because you’re not warehousing any inventory or dealing with most of the other challenges that come with running an ecommerce business. Now, a couple of big challenges that need to be considered with dropshipping are finding credible suppliers with good quality products and making sure you have visibility into your customer’s fulfillment process. Honestly, you can find suppliers on your own - However, when you’re dropshipping completely on your own, you can end up spending a lot of time researching and negotiating with suppliers to guarantee your customers’ satisfaction. Another option is a tool like Oberlo, which, with a few clicks, gives you access to millions of products to sell and has dozens of other features to make your life easier, like monitoring inventory levels, automatikally calculating profit margins, fulfilling and tracking orders, monitoring shipping status, measuring delivery performance and more. Oberlo Supply is also a part ofthe product which helps you partner with vetted, trustworthy suppliers of great quality products, faster shipping times and awesome customer service, with thousands of different products available for you to choose from. Want to get started? All you have to do is start a Shopify store, install the Oberlo app, find products and start selling online. So why do people get into dropshipping? First off, it’s really fast and easy to get started, and you can dropship with incredibly low investment costs. You also don’t need to have an established business entity when you start, though it’s smart to have one once you grow. You don’t have to worry about managing inventory, packing or tracking, which means you can focus almost exclusively on marketing, promotion and merchandising. You have access to millions of products instantly that suppliers are constantly researching to determine what’s trendy and what will sell. You set the retail price so you control the margins, And dropshipping is really easy to scale because you can hire virtual assistants as your order volume increases. Of course, there can be some challenges with dropshipping too. First off, because it’s really easy to get started, there’s a higher potential for competition. That is why you’ll find a lot of advice out there recommends you start off finding a niche audience - like cat lovers or gamers - so you can operate with less competition. Next, there are supplier errors. Though uncommon, it is inevitable that a supplier will mistakenly ship the wrong item to your customer. If this happens, don’t take it personally and handle the return like a professional - either order a brand new product from the supplier or offer a complete refund. Also, since many dropshipping suppliers are based on China, shipping times are generally longer, turning some consumers off. ePacket makes it easier, delivering some orders in as little as two weeks, but generally speaking, if you make your shipping times clear throughout the buying process, many visitors appreciate the clarity - especially if you’re selling an item or in a niche where delivery times are less crucial. Ok, so how do I get started? Step 1. Start a free 14 day trial on Shopifycom. Step 2. Go to Shopifycom/app-store and install the oberlo app. Step 3. Find products from the app you’d like to sell and add them to your store. Step 4. Enable a payment gateway so you can start accepting money. Shopify Payments is a great default option if you’re in one of the supported countries, though you may want to enable a few other gateways, like Paypal, Apple Pay, Amazon Payments or any of the 100+ payment gateways that Shopify is integrated with. Once you have all that, you’ll need to create a plan for sending traffic to your store. I won’t go into great detail about that here, but you can find a great resource for building traffic by clicking on the card above or in the description down below. Finally, try to produce quality content for your store, From eye-catching photography to engaging product videos, to great posts for your blog. your audience loves to know more about your products, how they can be used and the story behind them. Now that we’ve covered all of the things you need to get started, here are a few additional things to keep in mind. Dropshipping is pretty easy to learn, but there is a learning curve and you will experience challenges along the way. However, mistakes can become learning opportunities and, if you can develop resilience along the way, there are plenty of people out there finding a lot of success dropshipping products. While there is a significant advantage in terms of capital investment over traditional ecommerce, dropshipping isn’t free. You’ll likely have to spend money to drive traffic, market your products and handle returns. There is no overnight success and this isn’t a get rich quick scheme. Dropshipping still requires you to work consistently for your store. True, you will need to dedicate less time compared to a traditional ecommerce businesses, but it’s not going to succeed without your hard work. You’ll always need to invest time improving your business. Don’t source copyrighted items. This is illegal all around the world and can cause you some serious trouble. My advice: choose products from Oberlo Supply - a network of trusted suppliers who make