If you want to sell products online or want to start an e-commerce website, where you want to sell your product. If this is so but you do not have any store or warehouse where you can store your products that you want to sell then do not worry this is the article for you. If you are the one who is looking for earning money then today I will tell you about an idea where you can earn money and you can make that as a passive income source. By this method you sell products online and you never have to keep them physically at your place. Your product is directly sold by the manufacturer and you just have to find customers who can buy your product.
If you have ever done retail arbitrage then it is easy for you to understand that drop shipping is much like an online retail arbitrage where you buy and sell products online. You buy products for a low cost such as on wholesale price from a company and then sell it on retailer price to individuals. You can earn commission on every sale you make. In this case, you do not need to store and keep the products and you can simply share the data of the customer and it is up to the company to deliver the product. To explain let me give you an example, suppose you buy a wireless mouse from a wholesaler at $15 per piece and you sell that for a $20 per piece to individual. Now if you are using a drop ship suppliers, then you do not have to keep the item at your home. You can just share the information with supplier and the supplier will ship the product to the customer.
If you are using a drop ship supplier company, then you do not have to do much work. In this case, you will only have to partner with a supplier and then sell the items on different platforms and then the products are shipped as someone makes a purchase. This cannot get much easier to earn money and this is an effective way to make a passive source of income.
There are many advantages of using a drop ship supplier, this is much better than keeping the products physically at your place or buying them and then selling in the local market.
One of the biggest benefits of using a drop shipping supplier is that you do not have to get in to process of delivering the product and it is up to the supplier to ship the product. This is one of the ideas that you can use as an online side hustles because there is not a lot of work required in the process. This also requires less time and hard work as you do not have to spend much time in buying and keeping the products. In this case, you usually buy the products online and you also sell the products online. You can save that time and spend it to make your website more effective and list your products at different platforms to make effective sales.
Another benefit of using a drop ship supplier is that it is cost effective and it is much cheaper than buying a product then handling it and then shipping it on your own. Thus this makes it easy to start this kind of a work. Another benefit of using a drop ship supplier is that you can make money quickly than other methods. Like if you do not have much traffic on your site, you can still make money by selling products on other online platforms like eBay or Amazon. You can immediately earn a commission as you make sale. This is much quicker than other income ideas like posting ads or doing affiliate marketing.
How to Make More Money by Drop Shipping
As I have wrote down many of the benefits of using a drop ship supplier. Now it is time to tell you that there are some steps that you can take to boost your income. You should always keep in mind the fee, commission or any kind of selling costs that will be charged. You should also ask your supplier to use the quickest possible delivery option so that you can have good reviews from your customers and you can build a brand with a good reputation. Try to use an application that will notify the customer quickly as a sale is made so that the product can be delivered in the quickest possible time. As you are selling the product make sure you provide best customer service and always track the order so that you can make sure the product is delivered.
Companies to Consider
If you want to become a seller that uses a drop shipper than you would have to contact the companies on your own and make a deal about the rates. You have two options when you want to sell online, 1st is that you can make your own store and secondly you can sell on other online platforms. You can use both the options, so that your product can get more traffic. Drop ship suppliers are not limited to a single source so you can use as many sites as you want and they will ship on your behalf. Let’s talk about the companies now,
Shopify is one of the best companies that can provide you drop shipping services. This company is in business since 2004 and has provide drop shipping platform to many people and business. This site enables you to create an online store, sell your products without physically touching the products. This company is preferred by most of the people who use drop shippers because here you can easily create an online store, easily partner with drop shipping suppliers and it also allows you to list your product on all kind of only sale and buy platforms. By using their Oberlo app, you can start an online store and add products to your store. When you use this app, you are allowed to list 500 products and make 50 sales for free in a single month.
One of the benefits of Shopify is that you can easily track any shipping order from their app. This make Shopify more preferable than any other platform. One of the encouraging points is that till now Shofiy has completed 85 million sales successfully. Although you have to pay for an online store but you can make a start with very less money via Shopify.
If you need a supplier in the United States or Europe then Spocket is one of the options to consider. One of the benefits of Spocket is that almost 60% of the suppliers of Spocket are based in Europe and United States that makes it easy to ship the products. Another benefit of using this company is that they offer a 24/7 customer service care. Because of the benefits that this company has you will not face issues like off brand packaging, late shipping or late response rate. This also reduces time for most of the orders as they have warehouses in all over the region. If you buy the Pro plan you can ship your product with your desired packaging. A number of people have used this company and they have a very good image among the users.
Alibaba is one of the world biggest marketplace. Here you can find a very big number of drop shipping suppliers and apart from that you can also buy products form the company too. As with drop shipping, you need to sell products of any kind. Mostly the products you are selling are made in such places where there labor cost is cheaper so the product is of cheap cost. If this is so then do not worry because you can easily find suppliers in the US that can supply the product to the supplier whenever a product is sold. On this site, you can find suppliers for any region you want or you can find one of the finest and famous companies here. Make sure you choose the best company that suits you because you will need to ship the product in the quickest possible time. Most of the companies offer ePacket delivery in which the product is delivered within a month. Make sure you choose the company that offers this facility.
The concept of retail arbitrage has been changed in to a new concept because of Drop Ship Suppliers. These companies has made it easy for people to sell items and one of the reason of its success is that it is more profitable than physical retail arbitrage. Apart from that it also takes less money to take a start and also less work. Make sure you choose the company that suits you more so that you can make the maximum. Do comment in the section below and let us know if you have any queries regarding the article because we would love to hear from you.