Profit from Dropshipping Guide (in 7 practical steps)
Want to know more, right? In this guide, I will give you all the information you need to know about dropshipping.
I will also answer all the questions that have come to your mind now or that will occur in your mind while answering, so brew your cup of coffee and get ready to read the article that may change your life forever.
Things you need to know before you start earning from dropshipping
First you have to know what drop shipping is, if the word is ambiguous to you, read our previous article: What is drop shipping.
In a nutshell, dropshipping is an e-commerce model where you act as an intermediary between the buyer and the seller, selling to the customer without worrying about storage, shipping and other things.
Of course this model offers many advantages, such as:
It is relatively easy to start earning from dropshipping.
No need for capital to start profiting from it.
You can start your project and work from anywhere and target almost anywhere.
It's easy to expand your business without worrying about manufacturing and logistics.
But nothing is perfect, there are also some flaws that you need to be aware of, such as:
Your percentage of each sale is a bit low, so you have to work on increasing your sales to get a good profit.
Some shipping complications and problems from seller to buyer that may occur.
Bear errors that occur by suppliers or sellers sometimes.
Difficulty making a strong or brand name like that of traditional e-commerce stores.
After all of this, you have to determine whether the drop shipping business is the right one for you. In any case, it is natural in the beginning to be anxious and tense, and even completely detached from the idea of profit from drop shipping.
Not all methods of profit from the Internet are suitable for everyone, especially with regard to e-commerce.
But the profit from drop shipping has many advantages that make it suitable for a large category of people:
You don't need to quit your job in order to start earning from dropshipping.
You can work on it as a part time job in your day.
You may be able to make a good income in a few months.
If you persevere and are committed, you will double your salary after 9 or 10 months.
So, as you have in mind now, the question of whether profit from drop shipping suits you is not accurate, but the correct question is: Are you ready to commit and devote time and effort to it?
I will not dwell on you more than this, the idea has reached you, and we will get into the heart of the matter now, and we will talk in detail about how to start profiting from drop shipping.
Steps to profit from the seven shipping paths
Step one: Know what it takes
The first step, and in my opinion, the most important step, is to know what you are going to do, in order to prepare for it and implement it in the best possible way.
In order to start earning from dropshipping, you need:
A customer buys from you: For this reason, as we will discuss in the second step, you must choose the right niche and profitable products.
A product to sell: A product that is easy to obtain and that you can make a good profit margin with.
Supplier: Remember that you do not manufacture, do not stock and do not actually own the product, so you will need a seller to act as an intermediary between them and the buyers.
Online Store You Sell Through: Makes sense, doesn't it?
Adequate knowledge and awareness of marketing and advertising: the products will not sell themselves, so you have to market them in various ways and in the required marketing channels.
Getting to Your Unique Selling Point: Many of them can do these above steps, so to beat them you need to be different from them first.
Also Read: Why You Should Start E-Commerce Now
Step Two: Determine the right idea
There are hundreds and possibly thousands of ideas and niches that you can start earning from dropshipping, but you will only have to choose one of them, unfortunately.
Note: Of course, your dropshipping store can display more than one niche products, but it is preferable at first to display only one, two or three niche products at most.
You must choose a required niche, and identify products that are already in demand, because you are not creating a new market for your products, but rather you benefit from working as an intermediary in an already existing and profitable market.
You can do this using a lot of tools, such as:
Google Trends Tool
Sell The Trend
Keywords Everywhere
Dsers . Tool
Semrush Tool
Find Niche Tool
AliShark Tool
You have to make sure to choose the right niche in order to profit from the shipping routes, and to do that we offer you these tips:
Choose a niche that has medium competition, not fierce competition, nor desert.
Keep in mind the profitability factor and know well the average profit margin for the products of this niche.
Try to choose a niche that you have experience with in order to better understand what customers need.
Research the niche keywords well.
Step Three: Competitor Analysis
After you have settled on one or more niches, you have to delve deeper into the research and get to know the competitors and their strengths and weaknesses.
To do this you will have to:
Search on Google search engine.
Use of competitor spy tools like Similarweb and others.
Search through social media platforms.
Experience searching for products like customers.
You must learn everything about competitors, and know what makes them superior to others and what problems they have, in order to outperform them and make greater profits from drop shipping.
You should also pay attention to their website, user experience, product descriptions, how they market their products, pricing and other things.
Read also: What is market research and how to do it professionally
Step Four: Build Your Online Store
Now, after these three steps, and after you have identified one or two niches to start with, and after you have known the competitors and used their sites, you will be ready to build your online store and start profiting from the
