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Dropshipping, But I Only Have $100

Published on: December 20 2022 by tropic

If you're someone who wants to start their own business but only has a limited budget, then dropshipping might be the perfect solution for you. Dropshipping allows you to sell products without having to hold inventory or invest in a large amount of capital upfront.

What is Dropshipping?

Dropshipping is a retail fulfillment method where a store doesn't keep the products it sells in stock. Instead, when a store sells a product, it purchases the item from a third party and has it shipped directly to the customer.

Advantages of Dropshipping:

- Low capital investment

- No inventory management

- Wide range of products to sell

- Flexibility to sell from anywhere

Disadvantages of Dropshipping:

- Low-profit margins

- Limited control over the product and shipping

- High competition

How to Start Dropshipping with Only $100:

1. Find a profitable niche

2. Research and choose a reliable supplier

3. Create an online store using platforms like Shopify or WooCommerce

4. Optimize your store for conversions

5. Promote your store through social media and paid advertising

6. Monitor your metrics and adjust your strategy accordingly

Dropshipping can be a great option for those who want to start a business with a limited budget. However, it's important to do thorough research and choose a profitable niche and reliable suppliers. With the right strategy and effort, dropshipping can lead to a successful and profitable business.

Dropshipping, But I Only Have $100

How I Built a Successful Shopify Drop Shipping Business in 72 Hours

- The challenge of building a profitable drop shipping business in a short amount of time

- Importance of product selection and research

Product Selection:

- Searching for a winning product for months

- Deciding on the Neck Cracker, a problem-solving product

Building the Shopify Store:

- Importing the product from AliExpress using Auto DS

- Building the store from scratch and subscribing to the Tropics

Creating the Creatives:

- Difficulty in finding footage on TikTok to use for creatives

- Ordered the product off Amazon to make the creative

- Used Final Cut Pro and the TikTok editor to create variations

Running the Ads:

- Strategy of using popular phrases from a viral account

- Campaign set up with three broad ad groups running at $25 a day

- Simple ad copy with a dynamic CTA

- Issue with ads not spending, switched to a CBO with $50 a day

- Optimizing the store with the addition of gifs to the description

- Overcoming difficulties with a payment processor and creating a new account

Results:

- Seven sales and profitability in just 72 hours

- Potential for the Neck Cracker to be a winner product

- Importance of TikTok's spending in the success of the business

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