Planning a Dropship Business

Planning a dropship business out the proper way is the first step to making money with dropshipping. There are literally thousands of different approaches that could be taken and you want to be sure you are taking the right one. The nice part about all of this is that there is not one single right approach. It all depends on your goals and your personality. It helps a lot to have a passion for what you are doing and that will also have a big affect on what direction you take your dropship business.

First and foremost, you must understand that dropshipping does not happen over night. Sure, you could be set up and ready to start selling that quickly - but it takes a lot more time to start making money and actually seeing a significant change in your life. Before you put another ounce of energy into your drop ship business, get ready to work hard and be okay with it. Once you get things rolling, you will be happy that you did. More money will start to come in and less work will be needed to achieve that money.

Map Out your Dropship Business

I recommend using Microsoft Excel or a spreadsheet in Google Docs; however, you can do this however you would like. Start out by writing/typing out your goals. Why do you want to run a dropship business and what do you want to get out of it? Are you looking for just some extra money or do you want to do this full time? Do you want to make $30K per year or $300K per year? These are all different things to think about. Once you have done that, it is time to start mapping out your business so that you can start putting that map into action.

There is no special format to map out your dropship business. You really just want to make sure that you are planning everything out. Start with the simple stuff. No matter what direction you take your business, you will need things like a PayPal account, maybe a business name and maybe even a business bank account. There are specific things you will want to consider and they are as follows.

  • PayPal Account
  • Possible Domain name for website
  • Accounting software
  • Business Name
  • Business Account
  • Hosting Company
  • Possible Drop Ship Companies
  • eBay Account
  • Website

Listed above are some of the most important things to consider before drop shipping. Some will not be absolutely necessary, however most of them will be needed if you are serious about your dropship business. There could also be other things to think about, but that will be a case by case thing. Some people will need to plan more while others will need to do so less.

Putting Everything in Place

There is no right or wrong way to plan out any business. There are plenty of ways to do this. Some people may even choose to skip that step all together and dive right into it. This could work out okay, however you will probably run into a lot more problems. When you plan things out, you are able to catch a lot of the problems you might have before they arise. This obviously allows you to figure out a solution or a way to avoid that problem from happening. In the end, you will save yourself a lot of time, money and energy by planning your dropship business.

Fortunately this is not a very complicated business. Your drop ship companies will take care of the hardest of the work. You will just need to make sure that the parts that you are responsible for are being done the right way. Depending on what market you are getting into - this could be extremely competitive. If that is the case, you will need every edge you can get. How many people that do this do you think are really putting this much time and energy into it? Not many. That is why most fail.