Did you want to start an online store? Don’t want to have a house full of stock? Why not learn how to make money online with Drop Shipping?
What is drop shipping and where do you start? Read this post to learn everything you need to know so that you don’t jump in blindly and start a Drop Shipping eCommerce store and regret it or close shop after 14 days.
My regular readers will know when I talk about making money online I usually start off with something like the following.
But because you might be new, I’ll say it again anyway.
Although Success Online Site is primarily about making money online and about ways for you to learn how to work from home and earn an income, some of the reasons I don’t like talking about making money online is because some people searching for “How can I make money online” or “Where do I start if I want to make money online” have the misconception that making money online is easy and you just click some button and money magically appears in your bank account.
This is sooo far from the truth. Making money online can be compared to starting your own business from scratch. In other words you don’t even have a single customer yet and have to go out searching for them.
Starting your own business costs money. Don’t tell me you thought the guy with the big furniture business in town got it for free. He had some expenses and he had to find clients. He still has to pay salaries, rent, telephone costs, and advertising on a monthly basis. The same with an online business. Whether you want to make money online with Writing, Teaching, Blogging or by doing Freelance work as a designer or Transcriber – if you’re not someone who works hard or just gives up easily – making money online might not be for you.
Making money online can also be compared to a regular job. You’re going to work hard, learn new skills and grow. The faster you learn and grow, the more you’ll be able to do and the more you’ll be able to earn.
But I can promise you one thing – IT IS NOT GOING TO BE EASY!!
There are hundreds and thousands of people starting online businesses daily – only 2% of them succeed. That is scary!!
Am I trying to help you to learn how to make money online with Drop Shipping or trying to get you to run away and forget the idea completely?
The thing is, I truly want you to learn how to make money online with Drop Shipping, but I don’t want you to jump into something blindly just to give up a month or two from now.
I want you to know that any online business, takes hard work and dedication, a lot of learning and sometimes you might be in front of your computer longer than you would have been at work. Especially in the beginning because you have so much to learn.
I want you to know that it is possible – but it will cost you. It will cost you money and it will cost you time.
But, if you stick it out and if you hang in there, do your part and do your best – you can do this and create a passive income that will not take up all of your day anymore – but if you’re doing drop shipping, you’ll still have to do some work every single day – as with any other business.
Let’s take a look at How to make money online with Drop Shipping
What is Drop Shipping?
With drop shipping you won’t have any inventory that fills up your house and garage and basically every open spot inside your house. You can also read this article on Wikipedia if you want to know more in detail what Drop Shipping is all about.
You don’t need to buy things upfront and hope they are going to sell.
And you don’t need to pay for anything before one of your customers buys it.
The company who’s stock you are selling, ships out the product as soon as you place the order and it goes directly to your customer.
You add your markup in your online shop and you pay the supplier their amount plus the shipping fee.
Sounds easy, right?
Actually, it sounds super awesome!!
But … if you don’t know what you’re doing, you can quickly give up because you don’t have any customers, not selling anything and there are thousands of other people selling the exact same product as you.
And then, how do you open an online store?
How much is this going to cost?
What do you need to know?
So many questions that needs to be answered.
Stay with me, we’ll get to them. I’ll guide you exactly to where you need to learn to know in advance what you’re going to do and then you can decide if it will work for you or not.
Where to start in how to make money online with Drop Shipping
Do your research!!
Don’t just jump in and decide that you are going to start selling lipstick or toy trains and open up some kind of shop.
I would suggest going to Shopify and before you even start your 14 day free trial, click on the Resources tab:
Click on Guides and sign up to receive some of the Free Guides.
I would suggest starting out with the “Ultimate Guide to Dropshipping” and “50 ways to make your first Sale.”
Now why start there if you don’t even have a shop yet?
Because I want you to first find out if this is going to work for you. Through these guides and learning what you will have to be able to do before you start – you will know if you have the willpower, the resources and the will to learn everything you need to know before you choose to set up your shop and don’t even know what you want to sell.
You will learn about doing the research first for the product or type of shop you want to open. How big is your competition? Will people buy the products that you want to sell?
You will see that you are going to have to spend money on advertising (Facebook Advertising in this case) – do you have money to spend on it?
I can promise you one thing, your online shop is the same as with starting a Website – you’re not going to start it and hundreds and thousands of people are going to flock to it just buying everything you sell. On the contrary – no-one will know it exists unless you tell them about it.
After your 14 day free trial with Shopify (Aff) you are going to pay a monthly fee for your shop, depending on the plan you choose.
Also take a look at the videos in this post with 21 videos on how to earn sales in your online store.
Before you open up shop
Opening a shop in a specific niche is better than opening a shop in a general niche, for instance
- ladies dresses,
- men’s shirts
- or men’s pants
- or a bit broader like sports gear
- or a golf shop.
Decide whether you want to go for the cheap Chinese stuff where you have to sell hundreds to make a good profit or if you want to sell more expensive products where you will make more profit per item although you may not sell more than 10 or 20 in a month.
If you do decide that you would rather go for the more expensive stuff, you must remember that things are a bit different than doing drop shipping with China stock. Your supplier will be different, your marketing will be different and your audience will be different.
If you want to go for the quality, high end drop-shipping store, my suggestion is to sign up for the Free 10 day Course by AJ Jomah. (Aff)
When you look at the video of the webinar below, you can see if he resonates with you and whether you would rather learn from him about selling more expensive high-end products.
Want to join the Dropship Academy? Start by signing up for your Free 10 day Course by AJ Jomah.
There are going to be obstacles
It won’t be smooth running all the time. I’m not saying this to jinx you and because I want you to decide you don’t want to do this, I’m saying this so that you can know in advance.
You will have customers that will complain about something.
You will have people who are negative and not happy, no matter how much you bend over backwards for them.
You will waste money on the wrong advertisements that does not convert.
You find success stories everywhere but no-one tells you about the ones who have tried and have failed.
In the end, it’s all part of the learning process.If you never step out and try, you'll never learn and never grow. #KeepMovingForward #LearnNewThings Click To Tweet
All up to you
I’ve guided you to enough information to keep you busy, so I’ll let you move on to do your homework and decide whether you what to learn how to do Drop-shipping. The book on 50 ways to make your first sale is 292 pages of awesomeness. (As mentioned above in Shopify under Resources, Guides)
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