Ever heard of the term “Dropshipping”. It is a new and trending way of eCommerce that enables you to set up an online store with no inventory. Doesn’t it sound interesting?
In the time of high competition and huge opportunities for making money, Dropshipping has taken great interest in a lot of people lately because it has been a great source of income for a lot of online business. Twin sisters from Vietnam earn $160,000 profit from their dropshipping store on monthly basis.
Dropshipping is an eCommerce model that lets you create your online store with no physical inventory for your products. You need to partner will bigger stores like Amazon, Aliexpress, eBay etc. They get the order on your behalf and deliver the order to your customer and you get your commission in this process.
Dropshipping has been made very easy with the help of a few tools like WordPress/WooCommerce and Shopify that help you make your store very easily and import the products from your partner store.
How does Dropshipping happen?
The very first thing is you need to conduct a product research. You have to look out for the very good selling products from several authentic sources. The niche selection procedure creates the base of your store.
After your niche is selected, you have to find a partner that offers dropshipping. You also need to search for online integrations. For example: Dropshipping on WooCommerce works very good with Aliexpress. It has created a plugin for WooCommerce which helps you import your selected products to your WooCommerce Store.
Let’s make it simple
You need create an online store for yourself with your own branding. This is going to be your personal eCommerce website with your brand name. You need to purchase a domain and hosting from different companies like Bluehost, Namecheap, GoDaddy etc.
Then you need to create your online store and import your products in it. You need to set up the pricing higher than your partner store so you can get your commission on sales. After you have setup your store, you need to consult different marketing channels like Facebook, Instagram, YouTube, Google Ads, etc. to market your products.
Your customers will find you through your marketing efforts and place an order on your store. Upon getting order on your store, you need to send the order to your partner by paying them the actual amount and getting the new set amount from the customer. Your partner will take care of the rest.
Dropshipping on WooCommerce
WooCommerce is a WordPress plugin that powers your online store on WooCommerce and it is the leading and most used tool all over the world for eCommerce stores. It is very easy to use platform that helps you add your products to your store with all the necessary information.
AliDropShip Woo is the extension which does the magic here.
AliExpress Dropshipping
Aliexpress provides a WooCommerce extension that helps you import your products to your WooCommerce store from Ali Express. You need to purchase the extension for $59. The extension does the rest for you. You need to categorize your products to display them in an organised way.
Then it depends on your marketing efforts.
Amazon Dropshipping
Fulfillment by Amazon (FBA) offers similar benefits to dropshipping while giving you more control over your brand experience. You don’t need to sell products in Amazon stores to use FBA—although with an audience of hundreds of millions of unique visitors each month, Amazon is a selling channel worth considering.
Marketing
The success of your dropshipping store depends on your marketing efforts. A good marketing strategy with some budget is a must. Facebook Ads Manager is a great platform
Dropshipping is a very easy yet a good income generating form of eCommerce. It has taken evolution to the eCommerce business and for those who want to start eCommerce business.
Remember you need to spend money on your Advertisement and Marketing in order to get sales. Learn how to market your product and identify the target market professionally so you would be able to reach the people you intend to reach.
