A Guide to Successful Dropshipping
Starting your own online drop shipping company can be a great way to make money. Drop shipping involves a wholesale company that orders, stores and ships your product. You don't have to worry about ordering new inventory, storing inventory or dealing with packaging and shipping. You as the business owner are only responsible for selling the product at your mark up. This saves you both time and money that you can then devote to sales. One area of the drop shipping industry that is very profitable involves drop shipping books.
Generally, book pricing varies depending on subjects and covers. Hardcover books cost somewhere $25 and $30, while paperback books range from $7 to $16 on average.
Another factor in retail book pricing is the retailer. Chain stores like Barnes & Noble are able to order books in a much larger quantity than a small independent store. A larger order means a larger discount on the books ordered so the chain stores are able to offer their books at a cheaper price.
The wholesale price when drop shipping books can vary from company to company. For a book publisher to make money off of their books they generally need to charge 2.5 times more than the cost of printing for a single unit. If your drop shipper is charging you somewhere close to 2.5 times the cost of printing, you will not be able to make much profit. Your mark up won't be as beneficial to you.
On average, wholesale books can be purchased for 50% of their list price, however some wholesalers are able to price them as low as 90%. This low pricing means that drop shipping books can be a very lucrative business.
Success rates can vary when drop shipping books online. The two most common ways to sell books online are through eBay and individual websites.
Selling books on eBay can be a great method for someone who is just starting their online business. You do not need to worry about designing a website, updating that website and working with credit card orders. It is also a great way to test out what titles sell well and what titles do not.
The more cost effective way to sell books online is to create your own website for drop shipping books. This cuts out the fees for eBay and PayPal. It can also allow you more freedom with advertising and marketing your business. You will need to learn some things about web design or hire out a professional designer. A well designed, easy-to-use website with a dedicated shopping cart and credit card processor can make your website stand out to customers.
Although e-readers have jumped in popularity, drop shipping books is still a lucrative business. Many people still prefer to turn a page rather than click a button, which leaves a vast market open.