Dropshipping Buchzusammenfassung - das Wichtigste aus Dropshipping

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Zusammenfassung von Dropshipping

Name: Dropshipping
Rating: 4.2 (90 reviews)
Author: James Moore

James Moore

A Beginner's Guide to Dropshipping – How to Make Money Online and Build Your Own Online Business

4.2 (90 Bewertungen)

19 Min.

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What’s in it for me? A guide to establishing an e-commerce empire.

We all know the magic of online retail. With just a few taps on a keyboard, you can have nearly any item delivered to your doorstep within days. Of course, all that shopping can quickly drain your bank account. But what if you were on the other side of the transaction?

Many of those oh-so-convenient online stores are actually dropshipping retailers. They make money by connecting buyers to wholesalers, which can be very profitable with little effort.

Now you can get in on the action too! These blinks lay out the basics of setting up a dropshipping operation of your own. You’ll learn everything needed to get started, from choosing a product and finding a wholesaler to navigating all the small details in between.

In these blinks, you’ll learn

what makes specialty products the best-selling products;
how many website visitors actually buy anything; and
why you should get a 1-800 number.

Dropshipping is an easy way to make money with online retail.

Let’s say you’re buying something online. Maybe it’s a funny T-shirt, a small appliance, or a fancy new cat toy – it could be anything, really. With a few clicks, you make a payment, get a confirmation email, and begin eagerly awaiting your package.

Now, chances are you’re not buying those items directly from the manufacturer. Instead, you’re paying an intermediary to handle your order. This whole process is called dropshipping, and it lets online retailers make money without stocking any items of their own.

If that sounds like a nice little business, you’re in luck! With a bit of initiative and know-how, you too can set up a profitable dropshipping business of your own.

The key message here is: Dropshipping is an easy way to make money with online retail.

So, how exactly does dropshipping work? Well, it’s about connecting people to products without a brick-and-mortar storefront. You see, in traditional retail, a merchant buys items in bulk and then sells that inventory to customers bit-by-bit. In dropshipping, the merchant doesn’t buy the inventory until after collecting orders. They buy the requested items on the customers’ behalf at a lower price – and collect the difference as profit.

Here’s a concrete example. You set up an online shop selling cat toys for $20. A customer places an order for one toy and pays you $20. Then, you send that customer’s order to a manufacturer or wholesaler who sells each toy for $15. You pay $15, they ship the order to the customer, and you pocket the $5 difference. The customer gets their toy, you get your profit, and everyone is happy – especially the cat.

Setting up a dropshipping business is great because it doesn’t take a lot of overhead to get started. You don’t have to buy huge inventories beforehand, store unsold products in your home, or even physically handle the shipping process. In fact, most of your work is processing orders, marketing your online shop, and managing any customer service problems as needed.

Of course, like with any business, there are downsides as well. In the world of online retail, the options are endless and competition is fierce. And since most dropshipping stores have to keep prices low to attract customers, you may start with very low profit margins. Plus, you’ll have to handle any customer complaints, from delivery snafus to the products themselves. That’s why it’s essential to partner with the right wholesaler, which we’ll cover in the next blink.

Start your business right by finding the best dropshippers available.

Imagine you’re in a grocery store. Each aisle is stocked with dozens of products, from cereals and canned vegetables to sugary sweets and frozen meals. What a selection! Of course, your local market doesn’t make these goods. It merely collects them from suppliers and presents them to you, the customer.

The same concept applies when setting up your own dropshipping store. You’ve got to find manufacturers, wholesalers, and suppliers to stock the digital shelves of your online shop – these companies are the actual dropshippers.

Build your business by offering the most popular products.

Back in the 1980s, a man was arrested for acting strangely in a local department store. Despite being a well-dressed and otherwise average-looking businessman, the suspect raised eyebrows. He was spending way too many hours scrutinizing the shelves and taking scrupulous notes.

Who was this oddball? Sam Walton, the founder of Walmart. While his retail empire was already making millions, he wasn’t satisfied. He continued to push for more profits by keeping up with the competition – a tenacious and detail-oriented approach that’s worth learning from before establishing your own dropshipping operation.

All sales start with a strong advertising campaign.

Here’s a statistic that might give you pause: the average e-commerce store has a conversion rate of just 1 to 2 percent. That means for every one hundred visitors to your online shop, only one or two are likely to buy anything.

So, if you want to have adequate sales, you’ll want lots and lots of people stopping by. The obvious question is, how do you generate the traffic? In the old days, retail shops would advertise in newspapers, buy flashy billboards, or even splurge on a local radio or TV commercial.

Before you begin, smooth out all the small details.

Rise and grind. Hustle. Work hard to play hard. These aren’t just flashy catchphrases. They’re actually a pretty accurate description of the mindset needed to succeed in dropshipping. While an online retail operation eventually pays off, it requires some upfront costs in terms of time, money, and effort.

How much, exactly? Well, that depends. If you invest 10 to 15 hours a week for a year, you’ll likely begin pulling in about $1,000 to $2,000 a month. If you put in a full 40-hour work week, you could possibly generate an annual salary of about $50,000.

Make more money and save time by automating your workflow.

OK! You’ve selected your products and found your suppliers. You’ve even set up your business bank accounts, pay-per-click advertisements, and a fancy toll-free number. Congratulations! It’s finally time to start dropshipping.

We’ve already covered the basics of how this all works. First, you receive an order from a customer. Next, you pass that order along to your supplier. And last, you follow up with your customer to ensure they receive their package.

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Worum geht es in Dropshipping?

Dropshipping (2018) is a handy, straightforward guide to setting up your own e-commerce empire with minimal investment and overhead. This brief manual gives a detailed overview on operating an online retail business and the benefits of doing so.

Bestes Zitat aus Dropshipping

Dropshipping is the perfect business to get your feet wet when it comes to making money online.

—James Moore

Wer Dropshipping lesen sollte

Novice business people interested in getting into online retail
Ambitious entrepreneurs keen to cultivate passive income
Anyone curious about operating an online business

Über den Autor

James Moore is a serial entrepreneur with a specific expertise in setting up passive income streams. His previous works include Investing for Beginners, Instagram Marketing, and Kindle Self-Publishing for Beginners.

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