You have probably heard about a business model called Drop Shipping. If you are like most people you thought it sounded like a great way to get started online. But when you sat down to get started you were thrown against the wall in confusion. Don’t worry though as this post will show you the basics.
I got tired of all of the BS Drop Shipping articles out there so I decided to tell you what I know. You will learn the steps to starting a drop shipping store.
From there you will have to learn how to make money. Anyone that shows you exactly how they are making money is just trying to up sell you to their next Webinar.
Take this article and get started with building your online business.
What Is Drop Shipping
Drop Shipping is a business model where you can sell products without ever having any inventory costing you money or space.
For example a Private Label business requires you to invest a good chunk of money into things such as inventory and storage space.
Many people favor drop shipping because of the low-cost to get started. Here are the pros and cos to starting a drop shipping business.
Here are the Pros of building a Drop Shipping business:
You Can Test Products To See Which Sell Best
You Are Building An Asset (You can sell it for 10x what it makes each month)
As with anything there are also downsides.
Here are the Cons associated with Drop Shipping:
Low Profit Margin Depending On What You Sell
Possibly High Competition
A Lot Of Bad Information Out There
So drop shipping is essentially like you are setting up a store and then selling someone else’s products.
You purchase their product for a wholesale price and then keep the difference.
You create a store selling software from another company.
You can get the software for $150, but you charge your customer $200.
For every sell you get to keep $50.
That is a nice chunk of change after you start getting more sales.
5 sales a day and you are making $250 every day.
This Sounds Easy…
Hold on for a second.
While starting a drop ship website is VERY easy there is more to it.