Some 20 or 30 years ago, the creation of a home-based business was virtually unknown. If you want to have a successful business, you need an office, a reliable staff and a tangible product or service that meets the needs of your target market.
But thanks to Internet technology, more and more people are choosing to work from home.
With computers becoming less expensive and communication technologies becoming faster, starting a home-based business has become one of the most popular ways to make a living.
In the United States alone, there are approximately 40 million independent Americans who constitute the workforce of today.
One reason for this trend is that online job opportunities are numerous. With so many successful online business models, it's hard to choose one to dedicate all your time and effort to multiple jobs.
One of the best, if not the most profitable, business opportunities online is dropshipping .
This business model has become very popular among new entrepreneurs because it does not require much financial capacity. You do not have to buy and store your inventory. Instead, you buy your products from a third party, who also ships them to your customer.
Sounds easy, right?
Well, it's not as simple as it seems.
Of course, you can earn more than $ 3,400 in 22 days if you play your cards correctly. But instead of thinking about what you will earn, focus on what you can do to help people by selling them the products they need.
Filling the market demand is at the very heart of any successful dropshipping business. If you bring value to your target audience, the money will follow !
So, you want to know how to start a profitable business in dropshipping? Here is a little guide on how to make money selling products online.
Search for a profitable niche
To create an ecommerce business, you must first have a product to sell. This step is often the most difficult part of starting a dropshipping business because there are a multitude of products that you can sell online.
Here are some things you can do to start looking for your multi-million product:
Focus on a problem that you can solve
Make the most of your passion
Capitalize on your professional expertise
Do your research on the next big thing and go into early action
Find out what customers have to say about existing products
Browse different markets online to see what people are buying
Look for products that have a high profit margin
Find a hobby with enthusiasts willing to pay
Choose a noncompetitive niche
Listen to what industry leaders have to say
Secure Supplier and Performance
Traditional online markets ship orders directly to your customers from your home.
With dropshipping, the process is less tedious. All you have to do is send the orders to your supplier, who then processes the request and sends it directly to your customers.
Once you have chosen your products, you should then look for partners who can help you in your dropshipping business. I'm talking about finding the right supplier and third-party order processing centers who will pack and deliver your customers' orders for you.
Therefore, be extremely careful in choosing your partners because an expedition strategy may cause your dropshipping operations to fail .
Configure your website
Of course, you will need a website to sell your products online. Nowadays, setting up a website is as simple as 1-2-3, you need a website specifically designed for your online sales. You need an ecommerce platform for you to succeed.
There are many e-commerce platforms to choose from, so be sure to choose the one that best suits your business strategy.
Shopify – A robust platform with a massive community. Very easy to use with easy to install applications. Has limited CMS capabilities, so it is not recommended for brands that rely on content to sell their products.
Magento – This is the preferred platform for B2B e-commerce of major brands such as Nike, Ford and Coca Cola. Despite its incredible features, Magento can be quite expensive to set up and maintain.
Woocommerce – The world's most popular e-commerce platform with 2,000,000 users. Has excellent content management capabilities and does not charge any transaction fees. Requires hosting and constant updates of plugins.
Create a request for your product
Having a website can help, but it will not be enough to help you start your dropshipping business. You must also create an interest in your product.
There are many ways to attract customers online, but one of the most effective ways is the Marketing of Influence .
Before launching your brand, send free samples of your product to influencers matching your niche and ask them (kindly!) To give you a quick review or comment. Post comments on your website as social proof. In this way, you can promote your product to their subscribers, without spending a dime.
Analysis and Measurement Results
Finally, do not forget to scale and measure the results. Use Google Analytics to check the traffic of your online store before and after the launch.
The time has come to evaluate all your efforts to see what areas need to be further improved. By checking your data, you will better understand what works and what does not work.
If all goes well, you can start thinking about ways to properly resize your dropshipping activity. By capitalizing on your best tactics, you can quickly grow your business online.
According to this report retail electronic commerce has already reached a market of $ 220 billion and continues to grow by almost 17% per year. It's easy to see how you can get a huge slice of the cake by simply exploring the possibilities offered by dropshipping.
This article should give you a general idea of how to start your dropshipping business. Now that you see the light, it's up to you to take action, take notes from this message and take a share of this worth billions of dollars market.