Earn 6 Figures While Suppliers Do The Work With Drop Shipping

by Mia Moore

published – Aug 10th 2020

What is drop shipping? Drop shipping is essentially a way of supply chain. The seller obtains sales and then the supplier processes the order until it is finally delivered to the customer.

In this instance, the seller (you) does not carry the goods or products in stock with them. It may be the case that you are a small-time eBay or Amazon seller. This means you won’t have to have boxes of your inventory clogging up your spare bedroom.

How does drop shipping work? The seller either sends the stock to the manufacturer, wholesale manager or directly to the customers who demand it.

It’s easier for many sellers to send their products to wholesalers. The wholesale department itself will then send the product to the customer.

The seller won’t really have any physical contact with the product when drop shipping.

There will likely be no real difference between the sales price and the wholesale price if done this way. Ideally, the seller can keep more of the profit for their business.

Drop shipping is a very good way of earning money online from home for your business. You will be putting in less effort than you would if you were to handle the inventory yourself.

You won’t have to concern yourself with processing orders as much. In other words, it’s one less thing to worry about. You don’t have to complete the shipping yourself either.

The suppliers will display products available for you to sell in the form of a physical item in a brick and mortar store setting. Alternatively, it might be on a website from where the customers can browse at there leisure.

Let’s examine how and why it might be a good idea for you to think about becoming a top drop shipper.

What kinds of products should my business sell?

Many would love to make money in six figures or more from drop shipping. Additionally, I think the best strategy is to sell products which are in the highest demand by the customers.

If you find something that people desperately want then you are likely to sell many units. This means you will earn more money for your business.

Typically, customers usually purchase the goods that they need the most. They will also try to find individual products at the cheapest rates. Therefore, it is important that whatever you source should be according to the need of the target population.

You don’t want to list a product and then find out later on that nobody is interested. Furthermore, it will be too late to do anything about it if you reach this point.

How do I find products to sell that are in big demand?

It isn’t that hard to figure out what customers want. Notably, take a look at shopping trends and see for yourself what is popular and what isn’t.

A useful tool for you to use might be google trends. Also, see what other drop shipping businesses are selling well.

Do I need to worry about rival drop shipping businesses?

It may be a mistake for your business to specifically sell a very popular product. if you do this then there is a great chance that you will have jostle for sales with many other rival drop shippers.

Which supplier or wholesaler should I drop ship with?

It is a good idea to pick professional and famous suppliers. This way you will be more likely to make the highest profit margins possible in the marketplace.

Inventory budgets for sellers can vary quite drastically. Moreover, if the one for your business is large, consider drop shipping luxury brands. These items tend to be the most profitable.

Work with reliable wholesalers and suppliers. In addition, they should be able to supply the products to customers at a good rate.

Building trust across the board from your business to the supplier through to the customers is very important. Doing this will help you make consistent profits online with drop shipping.

Are there any suppliers or wholesalers that I should avoid?

I would advise against working with unprofessional or lazy suppliers with little to no experience.

This is common sense but doing the opposite can easily destroy your dropshipping business. Consequently, you really need good people around you, who you can rely on to do a good job.

How do I research products & suppliers for drop shipping?

If you are looking for a reliable supplier then might I suggest using salehoo. This is a helpful research tool that allows you to find great, low-cost products to sell.

They also offer training in drop shipping and there are lots of positive user testimonials for this company too. Check it out.

photo by Pexels from pixabay

How will suppliers deliver products to my customers?

It’s wise to offer as much flexibility as you possibly can in regards to shipping methods when drop shipping. Your business should offer delivery as well as the ability for the customer to collect the goods themselves.

Don’t just offer one type of delivery either. It would be smart to arrange to have an express delivery for an additional charge. Similarly, you could even offer a next-day or same-day delivery service.

The more options you give the customers, the more sales your business will make. Consumers like to have plenty of choices.

Which payment methods should my business accept?

Try to welcome as many different ways of paying as you can when drop shipping. One suggestion would be to offer the option of payment by monthly installments. This may be wise if the product has a particularly hefty price tag.

Having lots of payment methods can give your customers a breath of satisfaction. They aren’t restricted in any way if you do this. Always keep all the options of sending money available. For example, allow payment via:

bank account
credit card
debit card
easy paisa
paypal
jazz cash
cash in hand

How good do my online product photos need to be?

A pragmatic use of images and videos on a retailer’s website is a step in the right direction.

It can help customers get a more clear idea about the type of products you are selling and their quality. Likewise, multiple pictures are useful for highlighting specific features of a product.

Drop shipping businesses should always try to upload some clear and high-resolution photos and videos for customers.

Although, your business doesn’t need to rush out to by the most expensive DSLR camera in the world. Most cheap modern cameras have a decent enough. Their picture quality is adequate for the purposes of selling online from home.

Why do customers love great photos when shopping online?

People are usually attracted by the type of images they see when it comes to shopping. If they like how something looks aesthetically then they are more likely to add it to their shopping basket.

Therefore, it is very important for your business to give a clear, high-quality digital presentation of the goods to your customers. This is vital if you want to boost sales and make money.

How can customers contact my drop shipping business?

Always give your customers multiple ways of getting in touch. They may need to approach you in case of any query or update. They should be able to contact your drop shipping business in the following ways:

online
email
live chat
phone
text message
in person (if absolutely necessary)

It’s also helpful to organize a way for customers to track their orders. They might also request regular updates until the delivery is complete.

photo by jaymethunt from pixabay

Drop shipping is a very simple and effective way of making money online. However, this is only true if used sensibly and efficiently.

Therefore, before sending your products to any wholesalers or the customers directly you must look at every possible way of making this business the best one.

Talking a good talk in the market is easy, but you also need to back this up with action. The best way to do this is by offering customers a tip-top service.

We can learn that drop shipping means that you won’t have all this inventory clogging up your life. It will be someone else’s responsibility to handle your goods. Therefore, this should be a great weight off your mind.

You should also aim to conduct thorough research into various suppliers and wholesalers. You can then better view who you could potentially do business with.

Find yourself a partner who can source cheap, high-quality inventory for you to sell. They also need to be trustworthy and reliable at the same time.

We also know the importance of setting yourself apart from rival sellers. Don’t just copy other drop shippers, find a niche. Figure out what your USP (unique selling point) is and do things differently in order to stand out.

Perhaps your next move should be to find a great product that is popular. You will also give yourself an advantage if it is an item you have a lot of knowledge about.

Drop shipping requires someone who is good at selling things. If this is the sort of work that interests you, then why not check out 47 eCommerce Online Selling Tips To Catch & Keep Buyers For Life!

Do you know any good suppliers and wholesalers that you can do dropshipping with? Do you prefer having your inventory close by or far away?

Please don’t forget to share this with your friends and like it on social media. You can subscribe to our newsletter and comment below too. Thanks for reading!

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