When somebody starts to feel the lack of money, other people advise him to find one more job. There is, definitely, a lot of people around you who follow this advice. They work day and night, get little sleep, always look very tired, and so on. They really get used to it. But what if I tell that you can easily make a lot of money without leaving your home?
Nowadays freelance gains popularity. And it’s logical because you can do it at any time and any place without making additional efforts. The main freelance drawback is that in most cases you need to make some investments. But here is a way out: starting a dropshipping business!
Dropshipping means that you promote product offers of particular suppliers, and ask these sellers to deliver the items directly to your customers’ addresses after these buyers place their orders in your store. Now you may think that it’s one more form of buy and sell. In fact, it’s not exactly so.
Advantages of Dropshipping
- Requires no investments (no items in stock = no risks);
- Requires no experience;
- Lets you make all the decisions
- Puts no limits on your profit.
So, does it sound temptive? If it is, and you suddenly decide to try making money with dropshipping, here are the five tips on how to succeed when running this business.
1| Perform a market analysis. Before creating a dropshipping store, you should explore the market. It’s necessary for you to choose a niche which is the most promising in terms of potential clients number. By the way, when it comes to the niche you’ve chosen, it’s essential for you to be a guru in it. In fact, your customers can ask you a lot of questions related to the products you offer. And if they understand that you know nothing about them, they are unlikely to buy something from you.
2| Find a technical solution. If you have experience in creating websites, it won’t take you much time to build your online store. However, very few of us have a deep knowledge in this area. That’s why it may be useful to pay attention to the companies which offer different services for creating a dropshipping store. You can either pay for a plugin which helps you customize your store, or buy a custom store. By the way, note that some companies will charge a monthly fee for using their services. Fortunately, there are some market players who charge nothing but a one-time payment.
3| Make contact with a supplier. Most suppliers prefer to deal with the dropshipping store owners rather than with ordinary customers. That’s why try to convince your supplier of granting a discount to you. Moreover, you can ask him to put your identification marks into the packages. In that case, your customers would be sure that they made a purchase in a brand store.
4| Choose time and promote. Each online store needs a promotion campaign. But when to start this promotion? Remember that Internet users are mostly active about a weekend. Moreover, it’s high time to launch promotion campaign shortly before such events as Black friday and so on.
5| Use social networks. You should understand that social networks are very powerful when it comes to promotion. It’s up to you whether to pay for formal ads, or look for cheaper options. In terms of promotion campaigns Instagram heads the list of most useful and profitable social media platforms. Think of Instagram shoutouts. If you reinforce mutually beneficial cooperation with some bloggers who have several thousands of subscribers, you can achieve quick success.
To sum up, if you are looking for a way of making a lot of money without leaving your home, think of starting a dropshipping business. It’s not necessary to have any experience, extra cash, and much time. All you need is your insatiable desire to succeed.
Cyrus Shaw is successful entrepreneur, marketing specialist, and loving father to his two daughters. He finds happiness in sharing his experience acquired on the fields of online business.