Did you know dropshipping is one of the most profitable eCommerce business opportunities for entrepreneurs looking to make money online?
This low-risk, high-reward model is becoming more popular each year, and there are a lot of reasons why.
If you’ve ever said that you wanted to start an online business but think that the costs and hassles of fulfillment are too much for you to handle, then keep reading. You’ll find out how to become a dropshipper and why it’s such a great eCommerce option.
Understanding the Benefits of Dropshipping
Before diving into the numerous benefits, you might be wondering exactly what is a dropshipping business.
Dropshipping is a retail fulfillment method. This means that as an online store, you don’t keep any physical products in stock. Instead, you partner with a wholesale supplier that provides you with the inventory.
Once a customer buys a product, your dropshipping store sends the detail to your dropshipping partner and they send the goods straight to the customer.
Sounds great, right? That’s because it is. Among the benefits of this type of business model, the biggest one is that you don’t have to worry about inventory or shipping. Other benefits include:
- Little Capital to Get Started: You don’t need to invest a lot of money to get your online business started this way. You don’t need to rent a physical space or even buy lots of inventory; just start selling
- Convenience and Efficiency: Not having to worry about the fulfillment part of your online business takes a lot of stress and time out of the equation. This leaves you with more time and energy to put towards drafting up a great marketing plan and streamlining other processes.
- Tested Results: Starting a business of any kind is a gamble. However, by using the dropshipping method you can rest assured that others have tried what you’re doing. Major retailers such as Sears, Macy’s and Home Depot have adopted this model of fulfillment
Understanding these benefits is the first step in optimizing how you plan to sell online and how to become a dropshipper. Once you understand how to make this business model work for you, you can begin to plan your online store.
Avoiding the Pitfalls of eCommerce Stores
There’s no doubt that dropshipping is the easiest option for eCommerce businesses in the modern-day market. However, there are a few things you’ll want to avoid to ensure you can take full advantage of all that this business model has to offer.
- Ensure you’re not entering a highly competitive market.
- Choose a dropshipping product that has the potential for high returns and longevity.
- Don’t buy products on B2C platform like Aliexpress
- Partner with suppliers that take responsibility for the shipment.
- Choose fast shipping services
- Try dropshipping product with your logo.
These are just a few of the tips that experts recommend in order to explain how to become a dropshipper. In general, you’ll want to operate as a professional business regardless of what you’re selling.
Act as if you keep all of your inventory in stock. Respond to emails and issues in a timely manner. And, always make sure your customer service is on point.
How to Become a Dropshipper in 3 Easy Steps
Ready to get started? Here’s how to start dropshipping in three easy steps.
1. Think of a Niche eCommerce Idea and built your store
eCommerce stores in the modern-day market tend to be more successful if they serve a niche market or sell a niche product.
Think about something you can sell that nobody else is selling. Or, think about an untapped market and learn how to market to that audience.
Some of the best niche eCommerce ideas for 2019 include:
- 3D Assets
- Digital Home Goods
- Jewelry & Accessories
However, these are just a few of the many ways in which you can start selling products online without inventory.
Once you have a solid idea of what you’re going to sell online, you’ll want to set up an online store. Shopify is a great place to start. They offer dropshipping apps you can easily integrate online to make selling and shipping even easier.
2. Sign Up for a Dropshipping Platform
Depending on what you want to sell, you’ll need to make sure you can dropship that product. Sometimes you can contact the manufacturer directly to see if they’re willing to offer private label dropshipping services.
However, it’s much easier to sign up for an all-in-one platform.
Platforms like Yakkyofy allow you to easily search for products and import them on your store in one click.
You can also ask for a quotation of products that you have already seen on Aliexpress, Wish, Gearbest, Alibaba and more with the Yakkyofy Chrome Extension. And, you’ll get prices from 15 to 50% lower than you would if you went at it alone.
With Yakkyofy you can even dropship product with private label or with customized packaging.
Signing up for a dropshipping platform will help you take care of fulfillment. This is often one of the most time-consuming parts of owning an online business. With Yakkyofy all your orders are automatically fulfilled as soon as they arrive on your store, and also the tracking numbers are upload as soon as ready, without you doing anything.
The best part? It integrates easily with online stores made with Shopify, WooCommerce and more.
So with Shopify and Yakkyofy, you can easily build a dropshipping store in less than a day.
3. Market to Your Target Audience
Do you know how to work Facebook Ads and other PPC (pay-per-click) marketing methods? If not, then you’ll want to start learning how!
This is one of the main ways in which eCommerce stores attract customers.
If you don’t have a Facebook Ads or Instagram marketing strategy, you can start by understanding who your target audience is. Then, learn how they interact online and try to present them with your product wherever they are.
Watch the video below: how to become a dropshipper in a few clicks
Dropshipping with Ease
Does this all sound like a good deal to you? Great! Now that you know how to become a dropshipper, you’re ready to start selling.
It’s important to remember that you’ll still need to invest time and work into your eCommerce store to ensure it’s profitable.
Singing up on a dropshipping platform, like Yakkyofy, everything is easier, because we will help you manage all the logistic and sourcing part of your business, while you can focus on creating a quality website, investing in marketing, and providing excellent service. This will help propel you to success.
Still left with questions? You can take a tour of the platform or contact one of our dropshipping experts.