A Guide to Successful Dropshipping
Drop shipping is the process of ordering goods at wholesale prices and having them delivered to customers after making a sale. This is different from the process of wholesale retailing, which involves ordering large quantities of goods, storing them in an inventory, and hoping that you make a profit by reselling them. Making money drop shipping can be quite easy, since you won't run the risk of purchasing a given product until you actually sell it. However, there are certain necessary considerations for those looking to maximize their profits while drop shipping.
When you start a drop shipping business, a large portion of your initial investment money will be spent on acquiring a membership with a drop shipping supplier. These are companies that provide lists of wholesale products, as well as their prices, in exchange for a membership fee. Generally, it is preferable to find a drop shipping supplier that charges a one-time fee for permanent access to their database of products. A drop shipping supplier that requires a monthly membership fee can prove more costly in the long run, diminishing your ongoing profits.
Some drop shipping companies offer additional services, such as a personalized Internet store with your own domain name, for an additional cost. These offers can be worthwhile, so long as fees are low enough to justify such services over selling your goods through a generic eBay store or Amazon store.
In order to make money drop shipping, you'll need to choose products that will easily sell to customers. Many drop shipping suppliers provide lists of their best-selling products, and these can be invaluable resources for determining the types of goods that online shoppers are most likely to buy.
Here are some qualities to look for when choosing products that will be most profitable to sell through drop shipping: