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How to Start Dropshipping with No Money and No Experience

Published on: December 1 2022 by Bryan Guerra

How to Start Dropshipping with No Money and No Experience

How to Start Dropshipping with No Money and No Experience

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00:00:00 00:00:03 suppose you want to start an online
00:00:01 00:00:05 business like drop shipping but you
00:00:03 00:00:07 don't have any money or any experience
00:00:05 00:00:08 what do you do in today's video we're
00:00:07 00:00:11 going to cover how to start a drop
00:00:08 00:00:12 shipping business with no money and no
00:00:11 00:00:14 experience drop shipping is a business
00:00:12 00:00:17 model where you facilitate the sale of a
00:00:14 00:00:19 product from a supplier to a customer
00:00:17 00:00:20 basically you act as the middleman
00:00:19 00:00:23 connecting the two and you mark the
00:00:20 00:00:24 price up and keep a little bit extra for
00:00:23 00:00:26 yourself drop shipping is a phenomenal
00:00:24 00:00:28 business model because you don't need to
00:00:26 00:00:29 spend any money to buy any products in
00:00:28 00:00:31 bulk ahead of time you don't need a
00:00:29 00:00:33 warehouse or a storage facility because
00:00:31 00:00:35 you'll never store or touch the products
00:00:33 00:00:36 yourself and it can be done from pretty
00:00:35 00:00:38 much anywhere in the world in this
00:00:36 00:00:41 simplified example you would list a
00:00:38 00:00:43 product from say amazon the products
00:00:41 00:00:44 price on amazon is 30
00:00:43 00:00:46 let's say you list that at a fifteen
00:00:44 00:00:48 dollar markup on a site like facebook
00:00:46 00:00:50 marketplace when a customer then
00:00:48 00:00:52 purchases that product from you on
00:00:50 00:00:54 facebook at forty five dollars you would
00:00:52 00:00:57 then turn around and use their order
00:00:54 00:00:59 information and their address and simply
00:00:57 00:01:01 order the product from amazon for thirty
00:00:59 00:01:02 dollars to them you would then profit
00:01:01 00:01:04 the fifteen dollar difference not
00:01:02 00:01:06 counting any small fees associated with
00:01:04 00:01:09 selling on that platform and that in a
00:01:06 00:01:10 nutshell is how drop shipping works
00:01:09 00:01:12 there are many suppliers that you can
00:01:10 00:01:14 use and there are many marketplaces that
00:01:12 00:01:16 you can drop ship products on if you
00:01:14 00:01:18 want more information on any of this
00:01:16 00:01:19 check out the playlists on this channel
00:01:18 00:01:21 it's all there for you here's why you
00:01:19 00:01:23 don't need any money to start even
00:01:21 00:01:25 though you do have to spend money on
00:01:23 00:01:27 products to send to the customer before
00:01:25 00:01:28 they get delivered to the buyers and you
00:01:27 00:01:31 actually get paid out from most
00:01:28 00:01:32 marketplaces one it's much less risky
00:01:31 00:01:35 than any other business model because
00:01:32 00:01:37 you only need to spend money after you
00:01:35 00:01:40 get a sale at a profit that means that
00:01:37 00:01:42 you only need to spend money when you're
00:01:40 00:01:44 guaranteed a future profit then it's
00:01:42 00:01:46 simply a waiting game to multiply your
00:01:44 00:01:48 cost of goods and then recoup more money
00:01:46 00:01:50 in the future and number two you can
00:01:48 00:01:52 also easily leverage credit cards to buy
00:01:50 00:01:54 products that you don't actually need
00:01:52 00:01:56 any upfront cash for and number two you
00:01:54 00:01:58 can also easily leverage credit cards to
00:01:56 00:02:01 buy products so you don't actually need
00:01:58 00:02:02 any upfront cash in fact i actually
00:02:01 00:02:04 recommend this to most people assuming
00:02:02 00:02:06 that you can be somewhat responsible and
00:02:04 00:02:08 make sure that you're keeping a portion
00:02:06 00:02:10 of your profits to pay off your card
00:02:08 00:02:12 balances the reason using credit cards
00:02:10 00:02:13 is so effective is because one like we
00:02:12 00:02:16 just touched on you don't need any cash
00:02:13 00:02:17 to actually scale this business and two
00:02:16 00:02:20 and more importantly you can use cash
00:02:17 00:02:21 back cards on pretty much any supplier
00:02:20 00:02:24 where you can earn up to five percent
00:02:21 00:02:26 cash back for purchases that you're
00:02:24 00:02:27 already needing to make anyway that's
00:02:26 00:02:29 how i'm able to get a thousand dollars
00:02:27 00:02:31 plus in free cash back every single
00:02:29 00:02:33 month simply from using cash back credit
00:02:31 00:02:35 cards on purchases i would have had to
00:02:33 00:02:37 make for this business anyway not to
00:02:35 00:02:38 mention those reward points or that cash
00:02:37 00:02:41 back whether you decide to use them back
00:02:38 00:02:42 in your business or personally shouldn't
00:02:41 00:02:44 count as taxable income so it's
00:02:42 00:02:46 literally free money i highly recommend
00:02:44 00:02:48 the amazon store card the walmart store
00:02:46 00:02:50 card and the ebay store card as well all
00:02:48 00:02:52 of these give 5 cashback on all
00:02:50 00:02:55 purchases on their websites and they're
00:02:52 00:02:57 also all great reliable suppliers to use
00:02:55 00:02:58 i also recommend any store cash back
00:02:57 00:03:00 credit card from a supplier that you
00:02:58 00:03:02 might use frequently typically most will
00:03:00 00:03:04 offer around 5 as well 2 other examples
00:03:02 00:03:06 of good ones that you might want to look
00:03:04 00:03:08 into are bed bath and beyond and home
00:03:06 00:03:10 depot on top of a store card it's also
00:03:08 00:03:12 smart to use cash back credit cards that
00:03:10 00:03:14 give you cash back on all purchases
00:03:12 00:03:16 everywhere online that way you don't
00:03:14 00:03:18 solely need to use it at just one store
00:03:16 00:03:19 in partikular there are many examples of
00:03:18 00:03:21 these out there that can give you up to
00:03:19 00:03:23 two percent cash back so feel free to
00:03:21 00:03:25 look at some options a perfect starter
00:03:23 00:03:27 card that gives good cash back on all
00:03:25 00:03:29 purchases plus also offers up to five
00:03:27 00:03:31 percent boosts and sometimes more on
00:03:29 00:03:33 certain months to stores like amazon
00:03:31 00:03:36 walmart ebay target and the list goes on
00:03:33 00:03:37 and on is the discover it card and it's
00:03:36 00:03:39 also a great one for beginners too
00:03:37 00:03:40 because pretty much anyone can get
00:03:39 00:03:42 accepted for it i'll try to link all
00:03:40 00:03:44 these cards in the description with
00:03:42 00:03:46 details of any sign up bonuses that you
00:03:44 00:03:47 can get for signing up for these today
00:03:46 00:03:49 that i've set up with those companies
00:03:47 00:03:52 all of these cards are ones that i have
00:03:49 00:03:54 and use myself i wouldn't recommend
00:03:52 00:03:56 anything that i don't use personally in
00:03:54 00:03:57 my own drop shipping business so now
00:03:56 00:03:59 that we've covered how to start with no
00:03:57 00:04:02 money let's touch on how you can get
00:03:59 00:04:04 started with no experience with all the
00:04:02 00:04:06 information and software out there today
00:04:04 00:04:08 you don't need to be a rocket science to
00:04:06 00:04:10 start a profitable online business you
00:04:08 00:04:12 just need to know what software to use
00:04:10 00:04:14 and what direction to be pointed in i
00:04:12 00:04:15 personally use a number of softwares out
00:04:14 00:04:17 there but the easiest one that you can
00:04:15 00:04:19 get started with is z drop z drop is a
00:04:17 00:04:21 software that will copy products from
00:04:19 00:04:23 hundreds of websites all over the
00:04:21 00:04:25 internet to dozens of marketplaces for
00:04:23 00:04:28 you with a click of a button it'll
00:04:25 00:04:30 automatikally copy the product picture
00:04:28 00:04:32 title description and also then mark the
00:04:30 00:04:34 price up for you without you needing to
00:04:32 00:04:36 do anything at all i typically mark most
00:04:34 00:04:38 of my products up about 40 that seems to
00:04:36 00:04:40 be a good sweet spot where it works very
00:04:38 00:04:42 very well z drop is only 12 a month
00:04:40 00:04:44 currently and you can build a six figure
00:04:42 00:04:46 drop shipping business on a variety of
00:04:44 00:04:48 websites just using that copy paste
00:04:46 00:04:50 software alone as always there's a
00:04:48 00:04:51 discount to z drop down in the
00:04:50 00:04:53 description i've also created a beginner
00:04:51 00:04:55 z drop tutorial you can check it out at
00:04:53 00:04:56 the bottom of the description as well if
00:04:55 00:04:58 you're interested but if you're looking
00:04:56 00:05:00 for more in-depth tutorials on how to
00:04:58 00:05:02 get started feel free to browse this
00:05:00 00:05:04 channel or check out any of the specific
00:05:02 00:05:05 playlists to learn more i've been in the
00:05:04 00:05:07 ecommerce space for a while now and
00:05:05 00:05:08 there are countless free tutorials on
00:05:07 00:05:10 this channel that can walk you through
00:05:08 00:05:12 pretty much every form of drop shipping
00:05:10 00:05:13 that you might be interested in i also
00:05:12 00:05:14 highly recommend checking out the video
00:05:13 00:05:16 up in the right-hand corner right now
00:05:14 00:05:18 for a broad overview of exactly what's
00:05:16 00:05:19 working well for me currently it'll
00:05:18 00:05:21 specifically cover how i was able to
00:05:19 00:05:23 build a six-figure drop shipping
00:05:21 00:05:25 business very quickly what specific
00:05:23 00:05:27 sites that i dropship on and most
00:05:25 00:05:28 importantly how you can too i really
00:05:27 00:05:30 hope you enjoyed the video if you got
00:05:28 00:05:32 any value from it whatsoever please give
00:05:30 00:05:35 it a like i genuinely appreciate it
00:05:32 00:05:35 until next time
00:05:45 00:05:47 you