Tips For Building A Successful Drop Shipping Business
In this article, I will be giving you some useful hints, tips and tricks when it comes to building a successful and more importantly profitable online home based drop shipping business. Working from home is something that we all would like to be able to do. Thankfully, there really is legitimate ways to do exactly that and drop shipping is one of them.
Let’s have a deeper discussion on how it works. You find a reputable supplier that sells items are decent, low and competitive prices. You then list some of their items for sale online via websites like ebay, amazon or classified ads. When an item sells, you place the order with the supplier who will then post the items straight out to your own customers.
So, let’s say you find a brand new and boxed Russell Hobbs Toaster for sale at the price of $19.99 from the supplier. After some studying, you realise that this item is a hot seller. You then decide to list it for sale on ebay for the price of $29.99, before you have actually purchased it.
When the item sells, you simply purchase it from the supplier who will then package up the item and post it straight to the buyer. In turn, this means you have not risked any money buying a product upfront and you have not had to spend any of your valuable time packaging items.
That’s basically how a drop shipping business works in the simplest way. However, as you have probably guessed, there is a lot more to it than just that. From things like finding suppliers to processing orders, dealing with customers or returns and more, you need to be willing to learn how to deal with the hurdles.
One of the most common problems people face is finding a reputable and reliable supplier. They end up using one that is either a total scam and do not send items or produce very low quality items. This inevitably ends up with a bunch of unhappy customers and negative feedbacks on sites like ebay.
One great way to ensure your drop shipping business does not end in disaster before it has really even begun is to test suppliers before using them. Place and order and buy something yourself. Try out their service and determine whether or not it is reliable and professional.
In conclusion, these are just some very basic tips when it comes to running your own drop shipping business. If you truly do want to turn it into a long term success that’s going to produce some decent ongoing income for you, one of the best things you can do is follow some kind of proven training course or system. That’s the best advice I can give.