Drop shipping sounds a lot more complicated than it really is. It can be a very viable business model, you just need to know how to get started and where to find the proper resources – like any business. In this article I’ll tell you how to get started with creating a drop ship business.
Drop shipping is when you, the retailer, do not keep goods in stock. Instead, you transfer your customer orders and shipment details to either the manufacturer or a wholesaler. They then ship the products to your customer. You then make the difference in profit. Pretty straight forward.
The first step in setting up your drop shipping business is to select the product you wish to sell. First look at your hobbies and what kinds of items you buy online. Most often, your specific hobbies will be a great choice because you’ll know a a lot about them. Other sources of information can be: what your friends and family buy, newspapers, magazines, and eBay.
The next step is to find a wholesaler to do business with. There are a lot of scammers is the wholesale world so you need to be careful. A good wholesale directory is recommended but always take the time to check that the website gives it’s full business name and registration number, there is a legit phone number that you can call, and that you go Whois.sc and search for the website of the company.
The final step is to decide where you’re going to sell your products. One popular option is to sell through eBay. It’s also a good idea to set up your own e-commerce website and sell directly from it.