For many people interested in going into business for themselves, drop shipping is the answer. Not only is it a type of business operation that can be run from home, it only requires modest investment. Hard work and dedication are required, but this type of business has proven time and again to be a safe investment and a great way to earn income. Setting up a drop shipping business, moreover, is easy given the wide array of helpful information contained on the internet and from wholesale sellers that provide the products you want to sell in your drop shipping business.
What is a Drop Ship Business?
Essentially, your drop ship business is a store front—frequently an online storefront. You choose wholesale products to sell but they remain in your wholesaler’s warehouse. You then start a website (open an eBay store) and market the products. When purchasers come along to buy that product, you simply transfer the order to the warehouse and the ship the item to your customer. You never need to store that merchandise yourself or ship it. You naturally pay the wholesale rate for the product and transfer shipping costs and fees to the wholesaler, but you keep your portion of the retail sale. In essence, your part in the transaction is to market, sell, and provide customer service for your customers.
What Should You Sell?
There are thousands of wholesale products for resale that you can choose as your virtual inventory. Name brands like Weber, Samsung, Sony, Kodak, Timex, and so many more can be the basis for your drop shipping business. Often people starting drop ship businesses choose products they know well and can easily market. Others choose items they believe to be excellent sellers. You’ll want to take considerable time deciding what to sell. Your ability to market and sell the items will eventually form the basis of your business and inform how successful it may be.
Set Up Your Drop Shipping Business
Setting up your account with a wholesale supplier is a major step in your start-up process. You may need to fill out an application and provide a tax ID. On the other hand, these steps are minimal—certainly compared to opening a brick and mortar business! Many suppliers are established and have the whole process simplified and are even willing to walk new sellers through the process and provide them with plenty of helpful tips. The wholesale supplier depends upon the drop shipping business to sell the items so the relationship remains mutually beneficial.
The Benefits of a Drop Shipping Business
So many people who have begun their drop shipping business love what they do to earn a living. With the ability to run their own business from home, they are able to obtain the lifestyles they’ve always wanted—more time with the family and less time commuting to work somewhere else for someone else. If you’ve always wanted to go into business for yourself, consider this model—drop shipping has worked for so many; chances are it can work for you too!
Brett is an author and authoritative figure in the world of drop shipping. He has helped individuals start a successful drop shipping business by providing them with insights on the different elements you need to create an online business (Source: https://www.doba.com/about-suppliers).