Interested in working for yourself, saying goodbye to the 9 to 5 and answering to an unreasonable boss? Why not start a dropshipping business selling a product you love?
A dropshipping business involves selling a product (or a range of products) in an e-commerce store. It is a very convenient way of having an e-commerce business as you don’t need to hold any stock on your premises: products that your customers order are delivered to them directly from your supplier.
This means that a dropshipping business is perfect if you want a company that you can run from the comfort of your own home.
Below is your ultimate guide to starting a dropshipping business and fulfilling your dreams…
Select a product to sell.
Choosing the right product to sell in your dropshipping store is the key to your success.
We recommend thinking about products you already love, as well as items that sell quickly and you know are popular. If you can find something with all these characteristics, you are more likely to succeed.
Remember that the more you know about a product, the better able you will be to answer questions from customers and provide information.
This process may involve conducting some market research and looking at dropshipping businesses that are already doing well. Take a look at what these e-commerce stores are selling and how they approach their business as this can give you some valuable insight.
Choose a name for your dropshipping store.
Choosing a store name for your dropshipping business is very important as it is the first impression that many customers will have of your business.
A name that is easy to read, catchy and accurately describes your product offering is what you should be aiming for. Avoid names that sound unprofessional or too juvenile and opt for something that you would be proud to use for many years to come.
Obviously, you would not want to choose a name that already exists, so before settling on a good name, make sure that it is original!
Find a reputable supplier to partner with.
Once you have decided on a name and product for your dropshipping business, you will need to find a reputable supplier to work with.
Although this may sound a little daunting, it isn’t and it is simply a case of finding a supplier you like, can trust and feel you could have a good business relationship with.
Most people who start dropshipping companies find their suppliers by conducting a simple data base search on sites, such as Alibaba, Dropship Direct or AliExpress.
Here, you will find a wealth of potential suppliers who are available.
Since your supplier will be responsible for shipping the product directly to your customer, it is vital that you are confident that they will fulfill their end of the bargain.
Late deliveries, damaged products and items that go missing in transit can result in bad reviews from customers and can really damage your business.
Market your dropshipping business.
Marketing your dropshipping business is another important part of ensuring that your company becomes successful.
Some dropshipping businesses sell their products in the major online stores. Although these sites take a commission, it is a great way to get started and to improve your ratings as these sites are often the first place consumers look when they need something.
Creating a good quality website is also a great idea and can help your business rank higher in search engines like Google.
Finally, to remain successful in your dropshipping business, make sure that you are always one step ahead of your competitors and always provide the best customer service possible.