11 Ways To Make Money Dropshipping From Anywhere

Make Money dropshipping

Few entrepreneurs are contemplating how to make money dropshipping.

At the end of it all, they are haunted by the uncertainty of whether their business models are profitable or help them generate passive income.

With the world going digital and technology advancing rapidly, we all have a grim understanding, along with a ray of hope, that the new digital business model will prove short-lived.

Do most people still keep asking whether dropshipping is as alive as before?

Few people go so far as to search for it on Google to get tips on whether the business model is still functional or out of trend.

If you want to earn a decent income by starting or having your own side business, I advise you to go into dropshipping.

But it would help to keep in mind that, for your dropshipping business to succeed, you will need to invest a lot of money, time, and effort.

The dropshipping business is highly profitable, thanks to the number of eCommerce activities that take place daily worldwide.

This business is not just useful; it’s still thriving, and you can always make money dropshipping.

The dropshipping and eCommerce business has generated over $4 billion in profit over the years, representing a roughly 7% increase over the past 10 years.

Like every other business, there are advantages and disadvantages. Before venturing into the dropshipping business, you need a few things.

All these things will give you a complete insight into the Dos and Don’ts of dropshipping. All you need to do is take a cushion, relax, and go through all the tips that have been shared.

Starting an eCommerce/Dropshipping Business

Evaluations vary, but industry observers estimate that 20-30% of online retailers use dropshipping.

Dropshipping has proven to be a great business model, and you’ll be in a strong position if you choose this route. Even top retailers such as eBay and Amazon use drop shipping.

With dropshipping, you can sell any product you want, regardless of the niche.

Bearing in mind that just about any merchandise can be bought on the Amazon.com platform, if it’s for sale on the Amazon store, then you can maybe sell it by using your own dropshipping business as well.

The more significant benefit of dropshipping another person’s products means that you don’t even have to deal with the troubles of any outdated business model, such as:

  • Storing your products (it can be pretty expensive to buy a lot of inventory and also rent a warehouse space)
  • Shipping products and packaging of products, preparing orders, boxing them up multiple times a day, and taking a route to the post office
  • Having to put down your money to buy products in wholesale to resell, even when you aren’t sure you will sell
  • When you run an online dropshipping business, you can avoid those issues and prevent a direct capital investment.
  • In addition to all of the above benefits, you don’t even have to worry about building or leasing salable/commercial space, managing a large payroll, being in a fixed physical location during standard business hours, or hiring employees.

How to Make Money Dropshipping 

There are many ways of making money dropshipping, but it’s essential to understand the tips and insight involved, such as;

1- Easy to Get Started

Dropshipping is straightforward to get started, swift, and low-investment.

2- No Particular Business Unit Required to Start

Another perfect fact about dropshipping is that you also don’t need to have a well-known business entity when you begin, even though it’s probably wise and advisable to have one once you start to grow in the field of dropshipping.

3- No Inventory Management

You also don’t have to worry about inventory, product packaging, or tracking, which means you have a lot of time to focus almost exclusively on promotion, merchandising, and marketing.

4- Easy Access to Millions of Products

Easily Have Access to Millions of Products rapidly, as other suppliers are frequently researching to regulate what’s trending and what will sell more.

5- You Set the Retail Price

You also get to control your business’s margins personally.

6- It is very easy to scale

Dropshipping is very easy to scale because you can go the extra mile and hire a virtual assistant as your order volume increases.

Additional Things to Keep in Mind

1- There Is a Curve for Learning

Dropshipping is very easy to learn, but there tends to be a learning curve still, and you will experience lots of trials along the way.

However, mistakes can be made in acquiring learning opportunities. If you can build flexibility along the way, plenty of people are finding success in dropshipping products.

2- It is Not for Free

While there is a substantial advantage in investing funds in outdated e-commerce, dropshipping isn’t free. You’ll likely have to spend a lot of money to drive traffic, handle product inventory, and market your products.

3- There is No Overnight Hope Guarantee Success

Dropshipping is not a get-rich-quick scheme. It still requires you to work extensively and consistently for your store.

The truth is, you will need to devote less time than in an outdated e-commerce business would require, but it won’t succeed without your efforts and hard work. You will continually need to invest time in taming your business.

4- Don’t Trade Copyright products

Shopify’s most important thing is that you shouldn’t source or trade in copyrighted products; this is illegal worldwide and can lead to serious trouble.

You should choose products from Sell The Trend and a network of highly trusted suppliers who prioritize avoiding copyright infringement.

That way, you can be guaranteed not to infringe on copyright laws, and everybody remains on the legal side.

5- The Need to Diversify

Many drop shippers don’t rely on a single store for their complete income stream. Still, they operate a chain of stores that target various niches to help you build multiple sources of income.

If you’re a newbie in dropshipping, start small with a handful of complementary items or a single product from a single supplier.

You can always keep adding inventory as you become more comfortable, but it’s much better to start small and build than to start big and grow more overwhelmed.

What Products Can Be Dropshipped?

Just like any online business, you will want to be in a market that is “hot” and where there is a vast majority of people who are ready to buy the products you sell.

In the best circumstances, the niche you focus on should also match what you are very passionate about and have personal interests in.

If you have an interest or passion for a specific market or type of product, that interest will improve your marketing efforts and, by extension, your business will grow much more sustainably.

You’ll genuinely enjoy whatever you’re doing, which will make your work easier and more enjoyable.

Fortunately, many dropshipping companies can work with every market, product type, and niche.

This includes yoga, clothes, supplements, electronics, beauty supplies, books, art, baby items, home and garden items, and more.

The best place to check for trending, in-demand niches is big online e-commerce platforms like Amazon.

And eBay. Whatever items are on the top-seller lists could be an excellent fit for a dropshipping business, but also keep an eye on trends on Facebook and other social networks.

Also, look for products in the news, and listen to the products your friends and family are talking about. During the football season, holiday season, back-to-school, and other auspicious times of the year, related products can do very well.

The big mistake a lot of people make when starting any business, dropshipping included, is that if they see others doing it, they start thinking it’s too competitive.

They probably can’t make any money in it. There is nothing further from the truth; in a situation where you see a lot of competition, that’s the sure sign of a healthy, significant, and profitable market.

While you can sell seasonal products, you’ll also want to make individual decisions to ensure you sell “evergreen” products, meaning there will always be sales, and demand will be more consistent.

You can use product hunting tools to find hot-selling niches: check them out:

Picking a Supplier

Before you start working with a supplier, you must complete the order process and run a test from a customer’s perspective. 

You need to see how easy it is for you to order the product, how long it will take to ship, and how the drop shipper handles any issues in case of a return.

You also need to ask potential dropshippers how they will best notify you of their supply and in-stock levels for each product. 

If you sell an item to a customer but the dropshipper is out of stock, it can cause a significant problem for you and leave you with an angry customer.

This will also let you see the product’s quality. Ensure the products are of excellent quality so you will be proud to offer them to your customers. 

In some cases, dropshippers will be willing to send you a free product for evaluation or, at least, sell it to you at a very low cost.

If you are in a specific niche and have used a very similar product, you can go the extra mile and test the product yourself. Use it, study it, and see if it does exactly what you promised. 

Do you need to check if it’s made of high-quality materials or ingredients? Check another user’s reviews online to see if your experience matches theirs.

If you’re not into that niche, ask a friend or family member to test the product. 

Also, do thorough personal research by checking online reviews and forums in that particular niche for comments, especially from users who have tried the product. 

Knowing the product and having in-depth knowledge about it will also help you sell it and make your marketing much more effective and authentic.

Challenges That Are Associated with Dropshipping

1- Superior Potential Competition

Because it’s effortless to get started, there’s significant potential for competitive advantage. 

That’s why you’ll find a lot of advice and guidelines recommending that you start by identifying a niche audience, such as game lovers or cat lovers. Since this niche is not very saturated, you will face low competition.

2- Merchant Errors

There are always errors from merchants. Though uncommon, a supplier will inevitably ship the wrong product to your customer. 

If this eventually happens, don’t take it personally; instead, handle the product’s return like a professional, either by ordering a brand-new product from the same supplier or by offering a full refund.

3- Shipping Times Normally Take Longer

The shipping time for the product is usually longer, and since many dropshipping merchants are based in China, shipping times are often longer, which can turn some customers off. 

But on a general note, if you make your shipping terms and conditions very clear throughout the buying process, many visitors will appreciate the clarity, especially if you’re selling a product in a niche where delivery times are less critical.

Getting Started Making Money in a Dropshipping Business? 

In starting drop shipping, you should do the following,

Shopify payments are a great default option if your country approves and uses them. 

Though you may want to integrate a few other gateways, such as Apple Pay, PayPal, Amazon Payments, or any of the over 100+ payment gateways that have been integrated on a Shopify store

Once you have all that in place, you’ll need to create an action plan to drive organic traffic to your store.

  • Try to produce quality and original web content for your store. From eye-catching photography to product photos and blog posts, your viewers would love to know more about the products you sell, the stories behind them, and how to use them.

Listed below are some of the top-rated drop shipper directories operational today:

  • Salehoo
  • Dropship Direct
  • Sell The Trend
  • Sunshine Wholesale
  • Worldwide Brands

You can also do an extensive Google search for drop shipper + “drop shipper” or “(niche)” to find out more about dropshipping companies.

HOW DO I PICK A NICHE FOR DROPSHIPPING?

The best dropshipping niches are pretty narrow. It not only makes it simple for you to market your products, but it also puts you in a position of limited competition.

Read more about dropshipping niches.

Things you should have in mind when choosing your niche:

  • Be very specific
  • Search for something that you have an interest in and are very passionate about
  • Check whether your idea will bring in steady sales for you in the long run.
  • Conduct in-depth research (e.g., review what people on social media platforms are very much interested in)
  • Choose a niche that isn’t expensive; high-value goods lengthen the sales funnel.

A few facts about dropshipping that you need to know

CAN I START DROPSHIPPING WITHOUT MONEY?

It is very much possible to start dropshipping without having money at hand, but it will be pretty tricky. You could code your website and shopping cart and possibly find free hosting, but this will be time-consuming.

Subscriptions and domain registrations for the e-commerce platform Podia aren’t that expensive and are quick to set up. To be successful in dropshipping, you should also plan to spend money on advertising and marketing.

Is Dropshipping Allowed on Amazon and eBay?

One more steely area where many dropshippers get perplexed is whether they can do dropshipping on Amazon or eBay.

To elaborate, dropshipping is a business model, not a brand-specific or precise approach.

Even if you use smartphone calls to dropship a particular product, it can still be called dropshipping.

Whether it is eBay, Amazon, or any other online platform, you can still start dropshipping. All these have a few limitations.

eBay doesn’t permit any product from China, and users must reside in the United States of America.

But Amazon insists that products shouldn’t take more than a week to deliver. So, if you can tolerate all these policies, you can start your dropshipping business on eBay and Amazon.

In some circumstances, many people run their dropshipping businesses on both platforms.

They go the extra mile to sell products on eBay or Amazon, and vice versa, while earning excellent commissions and generating viable passive income. The only way they tend to succeed is by understanding how both systems work.

Dropshipping is a business model that allows you to market a product through a supplier to a customer without handling it yourself. You stand and act as an arbitrator.

There are no specific laws that bar anyone from using the modus operandi of starting a dropshipping store, but in most cases, rules vary by country. And, one of the most common things about these laws is that;

Product Must be Reliable

It is illegal and a crime to deceive someone by showing them a product and then selling something else.

This is a punishable crime; therefore, you must ensure that whatever product you are dropshipping is the exact item shipped to the customer, or they have every right to file a complaint against your online store.

Even if the merchant is at fault, you will still be the one held responsible.

Take Note of the Laws of the Country Where You Market

Every country has its laws, and before you start dropshipping, make sure you know the laws of your state. Most states also have policies that prohibit certain products from being imported into the state.

For instance, you can’t export or import products from Muslim countries that are doubtful about culture. In the same vein, India bans most products, especially those made from cow skin.

It is always advisable to have sound knowledge of business and the laws governing different countries before you start marketing to them.

How To Make Money Dropshipping: Summary

If you have been searching for business ideas to make money, then a dropshipping eCommerce site is one you might not have considered.

Dropshipping doesn’t necessarily require a large amount of money to get started.

You don’t need to get yourself bogged down in logistics, which is the most challenging part of eCommerce.

As far as home business opportunities online go, dropshipping is the easiest, especially for newbies and upstarts.

The only setback about dropshipping is that you have to teach yourself the various techniques and strategies for earning money online.

Dropshipping is rapidly gaining popularity. But the competition is very stiff because the business is saturated.

One more good thing is that you can stand out from the crowd by choosing a less competitive niche and working with quality suppliers who offer high-quality products.

The dropshipping business is not dead or out of business yet. It is still a very lucrative business model, and anyone with the correct intuition can reap enormous profits by using it intelligently.

A countless number of people have attained great success as dropshippers. With consistency, partnership, and hard work, you can be successful with the right people.

Do you want to start dropshipping? Do you know which online platform is best for Dropshipping?

Do you know the best niche to begin with? Read our next post on how to start a Shopify store and make money from home today.

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