How to make money dropshipping
To start with let me say! There is no such thing as the get rich fast without working plan! It just does not exist. Yes you can make a good income, but you need to put in some work first!
Dropshipping is a supply chain method that has been used for quite long time by the traditional mail order catalogue companies. By using Dropshipping allows them to focus on their main business Ė selling, selling and selling. They let the Dropshippers buy, manufacture and maintain the inventory and then ship direct to their customers.
This is the same process that you should use.
You may have heard some stories about people making millions from drop shipping. Well some people have earned a lot of money from Dropshipping and then some have not. Be cautious though there are a lot of scams and people that will try and con you around and you will need to avoid them. You will find people and companies selling Drop ship lists of Dropshippers and wholesalers. You are best to avoid these, as the majority of the time the information you buy will be worthless.
The best and most effective way to find wholesalers is by searching yourself. Start with wholesalers in the yellow pages (its free) and ask if they offer Dropshipping. You need to bear in mind that their main business is wholesale and drop shipping is usually an extra service to their core business. Donít let this put you of though! Think about it. Do you really want a supplier that has been set up to handle small orders? It is not economical to produce products in small quantity (unless it is a niche product). A factory or main wholesaler is used to making and buying products in volume at low cost! You buy at lower price, which in turn gives you a bigger profit.
First to make money using drop shipping, don't expect loads of money to come flooding in from day one. Any successfully business only succeeds due to hard work and effort!! As I keep saying, The get rich quick scheme does not exist.
Letís put things in simple terms, what you need is a steady stream of on-going income, or rather several streams that when pooled make a river.
The people who earnthe big money Dropshipping will have 10 - 20 streams with each stream bringing in £5 - £10 a day. You may at first think that is not a lot. But if you have 20 streams all bringing in £5 a day, you will have £700 a week income. Or even £1400 a week based on £10 a day sometimes you can come accross a product that is in fashion and get lot more sales per day, and come Christmas when everyone is looking for gifts you can be doing £50 a day easy that is £7000 a week! So remember first you will need to build your streams, then they will then turn into your rivers.
Where do you start
First you need to find the product that you want to start with. Let's call this product Crystal for arguments sake. You build your Ecommerce site or your eBay store etc. and concentrate on making good descriptions, correct pricing, and pictures etc. You do not need to go out spending hundreds or thousands of pounds with website designers; you do not really need all the bells and whistles. It just needs to be able to show the products description and price, and take the customers money. And be able to add some text content about the benefits of shopping with you. www.Blackpool-websitedesign.co.uk offer Full Ecommerce websites from less than £80. That will meet your needs. Most people use PayPal to start with, PayPal has some faults and fees seem high, averaging out at about 4% but unless your turnover is high it will still work out cheaper than opening a merchant account. When your crystal store is ready to open, test out your process. If you're going to make a mistake, it is best to do it in private and under controlled conditions. Have a friend order some crystal through your new site. Have the item drop shipped to that person. You will then learn more about the drop ship process, like delivery times packaging, service etc.
You are now ready for your first customer. When you have received your order and have ordered it from the Dropshipper, you should always get confirmation that it has been shipped out. Now let your customer know, they like to be kept updated on the progress of the order. You will also need to check out the postal terms and conditions. You need to keep your customers advised. Royal mail will usually deliver most items within a day or two, but did you know that royal mail do not class an item as lost until after 15 days of posting. How will you handle this? It will happen one day. Once you have your crystal store up and running, you will now have your first stream. Now you can start work on your second stream. Let's try jewellery. Now jewellery can be split into several separate streams as it is a large category. You may find it easier to start with silver plated and costume jewellery as this is low priced fast selling Jewellery item. Then after that you could move on to Silver jewellery as a another stream. Make sure you have your stream fully set up and working before progressing on to the next stream. UK-Dropshippers have a large range of Swarovski Pendants mounted on both silver plated and various sterling silver chains. Make sure you use the name in the description!!! A Swarovski pendant in a gift box from £6.00 sounds very good value. Ok it may only be on a silver plated chain but you catch the customer's attention with a Swarovski item for under a tenner. You can then upsell them to a sterling silver chain and better gift box for £15.00 still good value as a lot of high street stores sell them at £70.00.
Magnetic therapy is another popular stream. You will need to tell the customer about all the benefits of magnets, and why many people find that they help them. Then you can introduce them to your fashionable range of magnetic jewellery. Looks good, and it improves your customerís health. Who wouldn't want to buy one? When you are doing your promoting material for each stream take some time and do some research on the product. The more you can say about each product in your description the better.