Would you like to get an online business from scratch by creating a virtual store, without having to spend money on product inventory and without having to pack and send goods by mail?
Then you have landed at the right place and that it is possible to achieve what you want through a business model called Drop Shipping. With this model, you do not need to have products in stock, you can simply display the product details on your eCommerce website (Which we can develop for you) and forward all purchase orders directly to the suppliers, who are in charge of sending your request directly to your customers.
While you as the online retailer can eliminate inventory holding costs and the risk of getting stuck with inventory with products that did not sell.
How Drop Shipping Works
Image Source: http://www.sellerbot.com/But before you start, you should know 7 steps involved in creating an online drop shipping business:
Step 1 Decide to sell products with or without your own website
You can start your business without having your own website, you can opt for ready-made options or publicize your products on places like eBay or Amazon. If you decide to build your own online store, you can get in touch with us to do it for you at reasonable costs.
Step 2. Decide on the type of products to sell
You need to decide what type of products you wish to sell in your shop. It is advisable that you choose products with which you want to work and that you already have prior knowledge of, after all, that will encourage you to sell more. Also, it is extremely advisable that you choose products that will bring you good profit margins and that will not cause headaches with customers.
There are some products that you should avoid right away and there are other excellent products, which can bring high-profit margins and almost no annoyance.
Step 3. Locate suppliers who will drop ship for you
After identifying which products you wish to sell, you should look for vendors that do drop shipping. When looking for Suppliers, there are two things you should consider; vendor reliability and delivery time.
Always seek for shorter delivery time to ensure customer satisfaction. In addition, make sure you check the supplier performance before registering an account with them. Discussion forum and blogs are great sources for you to find a few tips or comments providers.
Step 4. Register with suppliers
After locating suppliers whom you would like to work with, you must complete a registration with them. This step is typically fast and without complications.
Step 5. Advertise
Here comes the marketing of your store. There are several forms of marketing. You can opt for paid ads using services such as Facebook (Facebook ads) and Google (Google Adwords). You can also create a fan page on facebook and use it to generate traffic to your site.
Another option may be to build a blog to write and publish articles related to the products you sell. This is an inexpensive way to generate traffic and very efficient.
Step 6. Once the product is sold, Contact the Supplier Immediately
Once your product is sold, the customer will pay for it through your payment system. After confirming the sale, you should order the same product from your dealer at a price that must be lower than its selling price, so you make a profit when selling. When filling out the order with the supplier, you put the address of your customer as the recipient, so the supplier will send the request directly to the end customer.
Step 7. After the sale, you must follow up the order
Just because your customer has paid you and you put your client as a recipient from your dealer, that does not mean it is the end of the business. Because if there is a problem in sending to the client you are solely responsible and the only one able to resolve the situation.
You must follow proactively with your customers to ensure they receive their order and are satisfied with it. Offer your personal contact for any issues that may arise. This is also a great way to sell more products because if your customers are satisfied with your service, they can come back to buy from you.
Your supplier will provide a tracking code for each order you make, and you can use it to monitor the progress of delivery.
Conclusion
By integrating the drop shipping model in your online business, you can forget the issues of stock movements and trips to the post office; everything will be done by your suppliers. Following the correct steps to set up your drop shipping business, you can save your time and effort to make your business start and grow quickly.
And now, if you want to learn how to put all these steps into practice in a simple and systematic way, as well as meet reliable suppliers, even if you have no experience, I know something that can help you. You can learn from a professional who understands almost everything about this business and will explain in a practical and clearly all that you should do.
