How To Make Six Figure Income From Dropshipping Business

How To Make Six Figure Income From Dropshipping Business
Every one is talking about dropshipping business. The reason is that it makes a lot of sense. Drop shipping business is a very easy and profitable business model that allows you to sell products even if you don’t have the products on hand. It has been adopted by many online entrepreneurs who do not have money to buy and stock products in a store. You do not need money to dropship products. You do not need a store to stock products. All you need is a supplier that agrees to give you products to sell, a platform to sell the products, and marketing. The rest is profits!

Yes, if you can master the art of drop shipping, you can begin making six figure income in no time!

According to one statistics:
  • 22-33% of online retailers have adopted dropshipping as their primary business model.
  • Dropshipping accounted for 34% of products sold on Amazon in 2011. That’s $14.2 billion of drop-shipped products from just one online marketplace.
  • The average profit of a manufacturer that dropships is 18.33% higher than a manufacturer that uses traditional retail models.
  • Global eCommerce sales amounted to $2.3 trillion USD. Projections show a growth of up to $4.48 trillion USD by 2021.

And the process of drop shipping is easy:

  • You place the picture of a product on your online store
  • A customer places an order to buy the product from your online store.
  • You receive the order and send the order information to your dropship supplier.
  • Your supplier packages and ships the product directly to the customer.
  • You earn profit, your supplier makes a sale, your customer receives the product.
Let’s talk a little more about what you need to begin a dropshipping business.
  1. You need a niche or product line
  2. You need a supplier that agrees to give you products to sell
  3. You need an online platform to sell the products
  4. You need to promote your business

1. To Dropship You Need a Niche or Product Line

There are so many products to sell. And each of these product fall into a category or segment. You need to choose one segment and start selling products in that segment. For instance, there are products that fall into the categories of fashion, computer, health, food, agriculture, etc. Instead of selling random products from all the categories it will help if you choose a segment and sell the products in that segment. How Can You know Which Niche is Best for dropshipping? Take note that some niches are already saturated with sellers. Others have been dominated by major brands. If you choose the wrong niche you my not succeed in business. How Can You Know The Hot Selling Products in a Particular Niche? Of course it’s not every product that sells in each niche. Some are fast moving while some are very slow. Choosing the best selling products is the key to successful dropshipping business.

Choosing a Dropshipping Niche

  • Select products That You have passion for. Choose products that satisfy your hobby. If your hobby is travelling, sell products that relate to travelling. If you are in the health industry, sell products that relate health. Doing this will give you unique knowledge of the products and trends in the market. Besides, you’ll enjoy selling the products.
  • Select Products That Have Solved Your Own Problems. If you have used a product that slimmed you down, why not promote that same product to others who have problem with obesity? If you have used a product that cured your tooth ache, why not sell that same product to others. If you can identify a product that solved a problem in your life, you might have uncovered a great dropshipping niche.
  • Select Products That Are Profitable: Your main aim of dropshipping is to make money right? So make sure you check the profitability of every dropshipping niche and product idea that you come up with.

2. To Dropship You Need a Dropship Supplier

Once you have found a good niche the next thing in line is to find suppliers that actually support dropshipping. We mean suppliers that will receive your orders and direct products to your customers.  While not all suppliers do that there are suppliers that are specialised in that. Your dropship supplier can either build your business or ruin your business. So you need to be careful when choosing a one. How To Determine If a Dropship Supplier Is Good Enough
  • Find Out How Long He Has Been Dropshipping.
  • Find Out How Long It Takes Him For Him To Pack and Ship Products

3. To Dropship You Need an Online Platform to Sell Your Products

The best way to dropship is to run an eCommerce website. If you can afford an eCommerce website our website development company can set up one for you. However, Storeclicking.com provides you with your own branded store specifically designed for dropshippers and retailers. All you need to do is add products and start selling. See Sample Store

4. You Need To Promote Your Dropshipping Business

Just like every other venture, dropshipping business needs marketing. You can do this using a combination of email marketing, paid ads, and social media.
    1. WhatsApp Now To Get an Online Store For Dropshipping
Every one is talking about dropshipping business. The reason is that it makes a lot of sense. Drop shipping business is a very easy and profitable business model that allows you to sell products even if you don’t have the products on hand. It has been adopted by many online entrepreneurs who do not have money to buy and stock products in a store. You do not need money to dropship products. You do not need a store to stock products. All you need is a supplier that agrees to give you products to sell, a platform to sell the products, and marketing. The rest is profits!

Yes, if you can master the art of drop shipping, you can begin making six figure income in no time!

According to one statistics:
  • 22-33% of online retailers have adopted dropshipping as their primary business model.
  • Dropshipping accounted for 34% of products sold on Amazon in 2011. That’s $14.2 billion of drop-shipped products from just one online marketplace.
  • The average profit of a manufacturer that dropships is 18.33% higher than a manufacturer that uses traditional retail models.
  • Global eCommerce sales amounted to $2.3 trillion USD. Projections show a growth of up to $4.48 trillion USD by 2021.

And the process of drop shipping is easy:

  • You place the picture of a product on your online store
  • A customer places an order to buy the product from your online store.
  • You receive the order and send the order information to your dropship supplier.
  • Your supplier packages and ships the product directly to the customer.
  • You earn profit, your supplier makes a sale, your customer receives the product.
Let’s talk a little more about what you need to begin a dropshipping business.
  1. You need a niche or product line
  2. You need a supplier that agrees to give you products to sell
  3. You need an online platform to sell the products
  4. You need to promote your business

1. To Dropship You Need a Niche or Product Line

There are so many products to sell. And each of these product fall into a category or segment. You need to choose one segment and start selling products in that segment. For instance, there are products that fall into the categories of fashion, computer, health, food, agriculture, etc. Instead of selling random products from all the categories it will help if you choose a segment and sell the products in that segment. How Can You know Which Niche is Best for dropshipping? Take note that some niches are already saturated with sellers. Others have been dominated by major brands. If you choose the wrong niche you my not succeed in business. How Can You Know The Hot Selling Products in a Particular Niche? Of course it’s not every product that sells in each niche. Some are fast moving while some are very slow. Choosing the best selling products is the key to successful dropshipping business.

Choosing a Dropshipping Niche

  • Select products That You have passion for. Choose products that satisfy your hobby. If your hobby is travelling, sell products that relate to travelling. If you are in the health industry, sell products that relate health. Doing this will give you unique knowledge of the products and trends in the market. Besides, you’ll enjoy selling the products.
  • Select Products That Have Solved Your Own Problems. If you have used a product that slimmed you down, why not promote that same product to others who have problem with obesity? If you have used a product that cured your tooth ache, why not sell that same product to others. If you can identify a product that solved a problem in your life, you might have uncovered a great dropshipping niche.
  • Select Products That Are Profitable: Your main aim of dropshipping is to make money right? So make sure you check the profitability of every dropshipping niche and product idea that you come up with.

2. To Dropship You Need a Dropship Supplier

Once you have found a good niche the next thing in line is to find suppliers that actually support dropshipping. We mean suppliers that will receive your orders and direct products to your customers.  While not all suppliers do that there are suppliers that are specialised in that. Your dropship supplier can either build your business or ruin your business. So you need to be careful when choosing a one. How To Determine If a Dropship Supplier Is Good Enough
  • Find Out How Long He Has Been Dropshipping.
  • Find Out How Long It Takes Him For Him To Pack and Ship Products

3. To Dropship You Need an Online Platform to Sell Your Products

The best way to dropship is to run an eCommerce website. If you can afford an eCommerce website our website development company can set up one for you. However, Storeclicking.com provides you with your own branded store specifically designed for dropshippers and retailers. All you need to do is add products and start selling. See Sample Store

4. You Need To Promote Your Dropshipping Business

Just like every other venture, dropshipping business needs marketing. You can do this using a combination of email marketing, paid ads, and social media.
    1. WhatsApp Now To Get an Online Store For Dropshipping
    2. Join Business Minds Telegram Group
 

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