Hi, guys do you want to learn – how to make money with Drop Shipping and searching over Internet how you can start ?
Accordingly to Globe News Wire, the size of the global dropshipping market was valued at 162.44 billion dollars in 2019 and is projected to reach 591.77 billion dollars by 2027, it is expected to grow at a CAGR of around 18.3% from 2020 to 2027.
As per analysis of various reports, global Dropshipping Market Revenue Share by products in 2020 (in %).
If you don’t know to start Drop shipping business and how to make money with Drop shipping.
Don’t worry, read this article, where I explore every information about Dropshipping. Topics included:
- What is Dropshipping
- How does Dropshipping Works
- What are the best website for Dropshipping.
- How to make money with Dropshipping
What is Dropshipping ?
Drop shipping is a business model where you sell a product to your customer, rest of all other things i.e. packages, inventory and ships the product to doorstep of your customer handled by the supplier on behalf of yourself.
In simple word, a Dropshipping company allows you to display their products in you digital store and also you can sell their products through your website or social platform.
The basically, product itself never passes through your hands. When a product is ordered by your customer from your online store, website, the supplier then ship the product directly to your customer address.
How does Dropshipping Works ?
Dropshipping works on just five simple steps:
- Find a wholesell supplier who has the products you want to sell.
- Publish /show the supplier’s products on your online store with retail price.
- When customer place an order in your online store and pay you directly.
- You just place an order with your supplier and pay them their wholesale price, keep the remaining amount with you as profits.
- Your dropshipping supplier will rest of work for you, i.e. generating invoice, ships the order to your customer address and received the payment etc.
What are the best website for Dropshipping ?
There are many Dropshipping companies/ platforms are available worldwide from where you can start your Dropshipping business. Most popular are:
1. AliExpress
2. Oberlo
3. Wholesale2B
4. Doba
5. Spocket
6. SaleHoo
7. Suppliersdata
8. InventorySource
9. Wholesale Central
10. Megagoods
How to make money with Drop shipping ?
You can start making money with Drop shipping business by follow few simple steps, explain below:
- First you need to choose what you want to sell through your dropshipping business.
- Find a dropshipping company which accomplish your requirement.
- Upload their product images in your online store or website with some sort of information about the products.
- Publish the product post.
- Advertise and marketing your post through different social platforms.
- When any customer place an order from your online store and pays you directly.
- After received order from your customer, place an order with your supplier/ dropshipping compnay and pay them their asking price, keep the profits for yourself.
- Your dropshipping supplier then ships the order directly to your customer address.
Dropshipping is a business model where income and earning ways are full of variable. Dropshipping puts no limits on your profits. If search on google, you can find every drop shipping store owner has a different level of income.
If you hard work atleast for 10 to 12 hours per week for uploading, designing and building your online store for dropshipping business, I am sure you will be successed to generate a decent amount of money from it on monthly basis.
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Thanks for your valuable comments. I would be very appreciated, if you share your valuable ideas. Thanks again.