In order to have a business you have to have products to sell , but if you are someone that doesn’t want to risk spending a whole lot of money on a bunch of inventory that you have no idea whether it will sell or not, then dropshipping is something that you may want to look into.
This is a method of retail where you don’t actually own any of the stock, but instead, you get the orders, transfer them to the retailer or supplier that you are working with and let them take care of everything else.
If you are interested in starting a business that is relatively low risk, then this is something that you need to look into. In this article we will be talking more about how to make money with dropshipping in 2019 in order to help you learn more about the process and figure out whether it is a good option for you or not, so make sure to keep reading.
Making money with Dropshipping
This is probably the most asked question after what is dropshipping, so we definitely have to talk details about creating income with dropshipping. The first thing that we recommend you do is to find the right suppliers for drop shipping. We already mentioned before that the wrong supplier can cause you a ton of headaches, so finding the right one can make a world of a difference. There are a lot of different dropshipping tools that you can use in order to find the perfect suppliers, but in general, you want to look for someone that is easy to work with, communicated well and has a good overall track record. This is very easy to research thanks to all the different supplier directories out there. Another thing that you need to work on is customer service. You may think that you don’t really need to do much in this area, however, that is wrong. You are still a business owner, even if you don’t have the products in your stock, and you are the responsible person in your customers’ eyes. Because of this, you have to make sure that you have the best support team that will be able to take care of your customers no matter the time of day. These tips are just a couple of small things, but they will definitely make a huge difference.
Next, choose a dropshipping supplier
Finding the right suppliers will make the difference between success and failure and because of that finding dropshipping suppliers is one of the most important things that you have to take care of. One tip that we have, that you should definitely try out, is to actually order something off of their catalog as a customer first. This will allow you to see how normal customers are treated and how fast the product will arrive to you, in what kind of condition and how the company will with issues, should any arise. After you get the product you can examine it and check its quality and whether you actually got the product that you were promised. This is very important because you want to know that your customers are getting the best experience possible and the best products possible, because no matter who ships them, you will be the one to blame or to praise at the end of the day cause the customers are buying from you. Another thing that you can do is use different tools, like the Oberloo dropshipping supplier directory. This is a plugin that you can use with your Shopify website which will give you access to suppliers that have already been verified and approved by the people are Oberlo.
Sunshine Wholesale, Dropship Direct, and Salehoo are a few other great options for dropshipping suppliers that you need to try out.
Does Dropshipping Really Work?
In order to figure out whether dropshipping is working you need to take a look at the good and the bad sides, and we are going to start off by looking and the good. First of all, you are able to start selling immediately and in any niche that you can find products for. We always recommend that you settle for a specific dropshipping niche instead of selling in multiple areas because that will bring you more sales if you are a beginner in the dropshipping business..
This also means that you can sell almost any product, so it will be very easy for you to find the products that sell the best. As we mentioned in a previous article, there is no need for you to store any inventory and that is a definite bonus of this kind of retail because it saves you money, but it also saves your time since you don’t have to deal with managing of inventory. And of course, there is no need for you to invest any capital upfront, which is great and means that you can start making money before you have to spend any.
However, not all companies are actually wiling to dropship. This means that even if you find products that you like from a certain company, they may not let you sell them. Another thing that you have to keep in mind is that the suppliers should give you their stock numbers regularly so that you know what they have in stock and what you can offer, but this doesn’t always happen, so it can end up with you being left in the dark and selling products that you cannot provide. In general, you will depend on the suppliers a lot and if they have poor service, then that reflects poorly on you. Therefore, finding suppliers is key, but once all that is settled it’s important to say that – dropshipping is working and is still a very profitable business.
Even though dropshipping seems like a really complicated way of retail, it is actually much easier then it seems. You can start making money of dropshipping without investing anything upfront so giving it a try is definitely worth it.