Dropshipping is a type of business model, which is related to online business and in dropshipping business any person without buying any products can sell it to customers at high prices and earn profit. If drop shipping is understood in simple words, then when a customer places an order for a product online, then the dropshipping company sends the order of that product to its retailer and that retailer sends that product directly to the customer. .
How does Dropshipping business work?
- To do this business online, there is no need to do any kind of inventory maintenance, nor is there a need for any store, warehouse to keep the products. Apart from this, in dropshipping business, you do not have to bear the trouble of delivering the ordered products to the customers.
- In the drop shipping business, you are not primarily the owner of the products you sell. Actually in this business you open your own online store or sell your products together with any other shopping website.
- Through your online store, you can sell a variety of products and when an order to buy those products comes to you, you send that order to the supplier selling that product. After which the supplier supplies that particular product on behalf of your company.
How to Make Money through Dropshipping
- You have to extract your profit from the products that are bought by your customers through dropshipping. That is, if the wholesale price of a product is Rs 100 and you sell it for Rs 120, then you will make a profit of Rs 20 on the sale of that product.
- Therefore, the price of any product you sell through the site should be much less than its selling price. So that you can earn a good profit by selling those products.
- Apart from this, many companies also add shipping charges to the wholesale price of their products, while some companies charge shipping charges separately from you and you have to pay this shipping charge from your profits. That’s why most people add shipping charges to the selling price of their product in advance, so that their profit is not reduced. At the same time, some people take shipping charges separately from the customers.
Drop shipping business cannot be done without the help of dropshipper suppliers and you need dropship suppliers to sell any kind of product. That’s why you should know very well who the dropshipper supplier is and what his role is in the dropshipping business.
Who is the dropshipper supplier? (Who is Drop shipping Suppliers)
- A dropshipper supplier is a person whose goods you sell online through your site. Actually, to start the business of drop shipping, you first have to choose the product that you want to sell and then you have to contact the dropshipper supplier of that item, who does the work of selling that product.
- Meeting the supplier of the product you have chosen, you have to decide at what price, in what way and within how many days will it be delivered to the person whose order you will place it.
What is the Role of Dropshipping Suppliers
- After a deal has been made with the dropshipper supplier to sell his products, he gives you approval to sell his products on your website or any other website and you can sell his products by putting photos on the website. After which as soon as you get an order for that product, you send that order to your dropshipper supplier and then he sends that product to the customer who has ordered that product.
- However, there are also many dropship suppliers, who deliver goods of substandard quality to your customers. Therefore, you have to carefully choose such a supplier, who will deliver the right quality products to your customers.
How To Find The Best Dropshipping Suppliers
Choosing the right dropshipper supplier is a very difficult task and all this business is based on the dropshipper supplier. If you choose the wrong dropshipper supplier, your business will be closed before it even starts. On the other hand, you have been given information about what is important to keep in mind while choosing a dropshipper supplier.
You will find many dropship suppliers who will sell the products you wish to sell via drop shipping. Therefore, whichever dropshipper supplier you choose, you must check whether it is a certified dropshipper supplier or not. If it turns out to be a certified dropshipper supplier, then only deal with it.
The dropshipper supplier whose products you are planning to sell, you should thoroughly examine the products made or sold by him. And if you think his products are right, then deal with him. On the other hand, if you do not find the quality of his product right, then it would be wise not to do business with him. Because if you will sell products of poor quality to customers, then this will only harm your drop shipping business.
Contact As Many Dropshippers As Possible
If you search about dropship suppliers selling a product online, then you will find thousands of dropshipper suppliers who will be associated with this business. And in such a situation, it becomes a little difficult for you to select any one dropshipper supplier. Apart from this, some of these dropship suppliers are also suppliers who sell counterfeit goods and in such a situation, more care has to be taken in choosing the right dropshipper supplier. That’s why you try to contact as many dropship suppliers as possible and then deal with only those suppliers who are trustworthy among these dropship suppliers.
Easy Return Policy
Many times it happens that customers do not like the product sent by you and they want to return that product. Therefore, your dropshipper supplier’s return policy should be simple enough that neither you nor your customer face many problems in returning the product.
Setup Fees or Monthly Fees
There are many dropship suppliers who call themselves certified dropshipper suppliers and charge you a setup fee or monthly fee for doing business with you. But in reality this does not happen and no fee is demanded by any certified supplier. Therefore, if any dropshipper supplier asks you for any kind of fee, then you should not deal with him.
Give You The Product At The Right Price
Profits in drop shipping business are earned by selling the product. Therefore, work with that dropshipper supplier, who will give you their product at a low wholesale price, so that you can get more profit.
What Products Can Be Drop Shipped
There are many types of products that can be sold through drop shipping and earn good profits and the names of these products are as follows.
Computer accessories are sold by many drop shipping companies and are one of the most popular products. People are constantly engaged in upgrading their computers and technology and often buy new types of hardware. Therefore, you can sell products related to computer accessories through drop shipping.
Most people buy beauty products online, so if you want, you can also consider selling these products. Also, products related to beauty get used up soon and hence they are bought a lot.
- Shopping for clothes is also done by people nowadays mostly through online, so if you want, you can also sell many types of clothes through online dropshipping and keep their prices according to your own.
- If you want to sell clothes through dropshipping, then you also have to decide what kind of clothes you go to sell, such as Indian wear or Western wear. Along with this, you also have to decide what kind of clothes you want to sell. Try to sell readymade clothes . Because by doing this all types of people will be able to connect with your website.
Cell Phone is such a thing, which is used by every class of person. That’s why you can also consider selling cell phones through dropshipping. Cell Phones are sold by many companies in the market, so you have to contact the retailer and manufacturer of all these companies and sell all types of cell phones.
- Nowadays, medicines are also bought by people online and hence you can do the work of selling medicines online as well.
- Medicines are such a thing, which is very important, so their demand remains high all the time. Therefore, selling them through dropshipping will prove beneficial.
The next product you can choose to do dropshipping business is books. You have to decide what type of books you want to sell, such as children’s books or older people’s books or stationery shop items.
You can also sell items related to children through dropshipping business and for this you have to meet the manufacturer of toys or wholesalers selling them. Make a deal with the wholesaler who is ready to sell this face to you at low prices.
Dropshipping business of furniture items such as sofas, chairs and tables can also be opened. However, shipping these items costs more, so you can add these shipping costs to the price of these items or collect them directly from customers who have ordered these items.
Benefits of Dropshipping
Dropshipping is a very profitable business and there are so many advantages associated with this business that this business is being started by a lot of people. Some of its benefits are shown below.
This business is very easy to set up
It is very easy to do this business as compared to other businesses and there is no need to take any kind of education or training to do dropshipping business. With just a little understanding and hard work, dropshipping business can be done easily.
Low Capital Investment
Very little capital investment is required to start a drop shipping business. Therefore, dropshipping business is a good option for those who want to start a business with low investment. To do this business, just have to bear the cost of creating a website.
There Is Less Risk
To start this business, one just has to contact the retailer, wholesaler, or manufacturer and sell the goods made by them online without buying them. Therefore, if a person starts this business and for some reason this business is not successful, then in such a case that person does not suffer much.
Have Less Responsibility
To start a dropshipping business, you are not responsible for purchasing, maintaining any inventory and shipping the ordered product.
Wide Selection of Products
The business of dropshipping is a business related to selling products and any kind of products can be sold through this business. Therefore, when starting a dropshipping business, you have the option of selling a lot of products. Out of which you have to select the products which you want to sell through your website.
You Can Earn Money Sitting At Home
Just as employment is available for women or housewives sitting at home in today’s time , similarly dropshipping business can be started from any place and no special place or office is needed to do this business. It happens. Any person can do dropshipping business from his home, he just needs to have a laptop or computer.
You Can Start This Business Alone
Dropshipping business is one of those businesses which does not require any kind of labor or employees. Due to which you do not have to depend on anyone, as well as you are also saved from the cost of paying salary every month.
How To Start a Drop Shipping Business
Dropshipping business can be done in two ways, under the first method you can create your own website and start your dropshipping business. Whereas under the second method, business can be done by connecting with an online shopping website such as eBay or with Amazon.
There are many famous websites that you can work with, and out of these websites, eBay and Amazon are the most famous online companies, with which you can do your dropshipping business.
Dropshipping With Your Own Online Store
Instead of selling products through third party sites like Amazon and eBay, you can set up your own online store. However, there are some advantages and disadvantages of opening your own online store which are as follows.
Benefits of Opening Your Own Online Store
Have More Control
Opening your own online store gives you more control over your work and you don’t have to rely on third party sites. That’s why it is more beneficial to do dropshipping business through your own website.
Get One’s Own Identity
Starting your website not only gives you more control over your products, but also gives your business an identity with the help of the website. And the way websites like Amazon and eBay are famous among people, in the same way your website can be famous.
No Need To Pay Any Fee
by creating your own website is related to fees. By creating your website, you do not have to pay any kind of fees to third parties, which means that only you have the right to your profits.
Disadvantage of Opening Your Own Online Store –
Have To Work Harder
Creating your website is not an easy task and if you create your own website then you will have to spend more and you will also have to work hard. Also, while creating your website, you have to pay special attention to the look, name and other things of your website. Because if your website will not be very attractive then people will not like your website and your business will suffer due to this.
Time Taken To Set Up Website
There are already many such shopping websites which have established themselves well in this business. So when you create your website, it will take a lot of time for your website to be established.
Have To Invest More Money
To increase the traffic of your site, you have to resort to things like SEO, marketing and advertising and doing so costs. Therefore, if you do dropshipping business through your website, then you will also have to add the cost of these things to your budget.
Benefits of Starting a Dropshipping Business with a Website
(Dropshipping Website Benefits)
There are many advantages of selling your goods through any other website i.e. third party and they are as follows.
Ease of Starting Business
If you start your dropshipping business through a third party, then you will find it very easy to set up this business. Because these sites are fully established and as soon as you upload your product on these sites, you start getting orders very soon. With this, your dropshipping business starts easily.
No Marketing Needed
When you create your site, you need to market it and it costs a lot. On the other hand, if you start this work through a famous website, then you do not need to take the tension of marketing, because these sites are already very famous.
Your Products Reach More People
eBay and Amazon sites are quite old and quite famous websites and many people buy products from these sites. If you upload your products on these sites, then the customers of these sites also become your customers and due to this you connect with more people in less time.
Disadvantages of Starting a Dropshipping Business with a Website
Cost of Fees
You can do business by connecting with any other website only if you pay them the fees fixed by them. Actually, whenever a customer buys your products from their site, then these sites deduct some money from the price of that product as a fee. For example, if the price of your product is 100 rupees and if that product is bought by someone, then 10 or 15 percent of the price of that product is kept by the website as a fee, which is There is some kind of fee.
You Don’t Have Control of Yourself
Every website has its own rules and when you do business with these websites, you have to follow their rules. Due to which you do not have much control over your products and you have to work under those sites.
Important Information Related To Starting a Successful Online Dropshipping Business-
Choosing The Right Product
- There are many types of products sold in the market, out of which there is a lot of demand for some products, while some products are not bought much by the people. So when you start a drop shipping business, first decide which product you want to sell and which product you do not.
- If you try, choose only those products whose shopping is done a lot by people online. Also, definitely sell all types of variety products on your website.
Research Is Also Necessary
- Earning money through dropshipping is not that easy and it is necessary to do a lot of good research to earn money through it.
- Through research, it becomes easy for you to select those products, which are bought by people online.
- After researching the products you will select to sell, you have to contact the wholesaler, manufacturer and dropshipper supplier of those products.
- You can sell their products on your website only after entering into a deal with the wholesaler, manufacturer and dropshipper supplier to sell their products. However, while dealing, make sure this thing well shows how much profit margin you will get in selling those products.
Information About Building Your E-commerce Website
Build An E-commerce Website Thoughtfully
- People can buy your products from you only through e-commerce websites. That’s why you have to make your e-commerce website very thoughtful. Also, you have to choose a good name for your e-commerce website.
- Before creating an e-commerce website, you also have to decide which products you are going to sell through your e-commerce website. And after this is decided, according to your product, make a website for yourself from any website maker company.
It Is Necessary To Give Information About The Website
No matter how attractive your website may be, until people do not get information about your website, you will not be able to grow in this business. Therefore, you have to make a good strategy related to the promotion of your website, so that people can know about your website.
Contact Your Customers
It is not necessary that every dropshipper supplier delivers the right product all the time. So whenever your customers get the products ordered by them, then you contact them and take their review. Apart from this, if you want, you can also add a comment section to your website, through which you can connect with your customers.
Before starting a dropshipping business, you should prepare the plan related to this business well and start your dropshipping business according to that plan. Also, try to read some books related to this business well before doing the dropshipping business. Because by reading these books, you will also get a lot of important information related to this business.