What is Drop Shipping, and How Can Moms Make Money As A Drop Shipper?
In the age of Amazon it's easy to think that there's no option for someone wanting to sell goods online. However, the truth is Amazon (and eBay) wouldn't be where it is without people like you and me selling specific goods online while using their mega site as a portal. Point: you can make money as a drop shipper.
But what exactly is drop shipping? Here's a very simple breakdown:
Drop shipping is when a company stocks the items, and sends them directly to your customers.
Usually when you have an online store, you need to purchase stock. You then need to send individual items to your customers. You need to buy stock in advance.
Drop shipping lets you skip this step. When a customer buys an item from you, you contact the drop shipping company (otherwise known as a drop shipper) and purchase the item from them. They will then send this item directly to your customer.
This removes the risk from buying and selling online.
So, how can I make money doing this?
You need to open up an online store and sell items you can drop ship.
Mark-up the prices to make a profit (usually by 10-50%).
A popular place to open an online store is Amazon and eBay.
How do I find drop shippers?
There are a lot of drop shippers in China that can't be trusted. They will take your money and not send you items, or send you illegitimate items that are illegal. We've seen this first hand with close friends running successful businesses and it SUCKS and it's scary.
What you need is a system that vets drop shippers for you, so you have a good chance of starting off on the right foot. It's a big world out there in online retail and product land - but we have some tools to help you!
How do I find products?
First and foremost, you have to decide on a niche. Some of the best advice we've ever received is "you need a nice to get rich(e)" and it's so true. Not only does a niche keep you focused, it allows you to center in one products you're passionate about. And that's the second big point: stick with a nice you know, love, and are extremely passionate about. Going for items you think are popular, or trying to sell something that you've heard is a big money maker but you know nothing about will not end well we promise. Not only will you not be excited about said products, the Universal Laws of Business will instantly know you're phoning it in and your company simply won't grow. That's just the hard truth.
The good news is if you have an area in life you're passionate about, a hobby, a vocation, there are very likely thousands of products you can sell in that arena and you will have so much fun doing it!
Why choosing the right niche is important
Product niche pertains to a particular segment of a market that a seller focuses on selling in, based on your market’s needs and wants.
With a ton of competition online, selling in deeper market segments can help you stand out from generic product categories.
Choosing a niche helps you narrow down your target market, which makes it easier for you to focus and sell your products.
Selling niche items helps you easily understand your product and who it’s for, leading to better customer service which can potentially result in repeat sales.
Interested in learning more? Click here to gain access to a massive database and marketplace that not only has thousands of drop shippers who have undergone a stringent verification process, but also a marketplace that will guide you to trusted suppliers and help you find the very best products to buy and sell in your niche.
Coming from an ecommerce world as both a retail buyer AND owner/operator, I can tell you this platform is a complete game-changer and will absolutely give you a leg up in creating a very successful business. Let's do it!