What is Dropshipping? |Complete Guide

Introduction

 

What is dropshipping? Here is the complete Guide. Have you heard the word Dropshipping and people making a crazy amount of money from it? Because heck yes it’s true! You too can earn a lot of money from it if you got your basics correct. Know more about What is dropshipping?

It’s not new for you to come across articles or ads that throw words like Dropshipping and E-commerce around.
But not everyone understands what it actually means.

In this post, we’re going to give you an in-depth and clear insight about
What Dropshipping Actually Is.

What is Dropshipping?

2. What is Dropshipping?

Dropshipping Model lets you sell products to your customers without maintaining any physical stock/inventory yourself.

People usually think a lot when it comes to starting any business online. Because the idea of investing a huge amount of money for inventory and set up always holds them back.

And that’s one of the main reasons why Dropshipping has gained its popularity over time. Because there is no need for you to buy or manage inventory.

Dropshipping is a business where you get orders on your e-commerce store and your supplier is responsible for delivering it to the concerned customer on your behalf.

Putting it more simply, Dropshipping looks like this-

1. Customer orders products from your store
2. You will forward the order to your supplier with the customer’s details
3. Your supplier will then ship the order directly to your customer

This way you’ll get the share of the profit you made without even touching, packing, or shipping the product.

Take a look at the picture below

Dropshipping Model

3. Why Dropshipping?

The whole world has revolutionized because of the existence of smartphones and the Internet. Because ever since the internet stepped into our lives it has surely made everything more feasible.

People are getting more used to the Modern ways of earning money rather than traditional. And there is no doubt in saying that the smartphone era has an immense amount of opportunities right at your fingertips. Now, who doesn’t wants that?

If we put it simply, Traditional Retail is slowly dying.

According to the stats, 5,844 stores closed in 2018 followed by 9,300 stores in 2019.
And 6,300 stores are expected to close by the end of 2020 itself.

If this is not Retail Apocalypse we don’t know what is!

But that’s not your zone to worry about. It’s rather an opportunity to grab.

Now here you have your answer to Why You Should Start Dropshipping.

4. Dropshipping for Beginners

Dropshipping is now an easy way to earn money online. Platforms like Shopify have made it really easy to set up your own e-commerce store for beginners.

As a beginner, you need to sort out these 3 things –

a. Pick a Niche for Dropshipping

Niche is the market segment you want to deal with. For this, you should know how to pick a niche.

Your niche should be something that you’re passionate about and well aware of. At the same time, it should be profitable and there should be demand for the same.

For eg – Eco-friendly lifestyle products are now gaining popularity which could be a good niche to start from.
It also has several sub-niches like reusable everyday products which could be explored further.

Having a store for a specific niche is better than having a generalized store that sells basically anything and everything.

b. Finding a Dropship Supplier

Finding a Dropship Supplier is the most important part of the process.

Consider your supplier as your business partner as he’ll be responsible for keeping the product in stock, maintaining product quality, and ultimately shipping the product to your customer.

You’ll be needing an authentic supplier who deals in dropshipping. Do not get it mixed with wholesalers and manufacturers.

Before starting your Dropshipping journey you should be aware of the best Dropshipping Suppliers for a smooth experience.

c. Select a Dropshipping Platform

There are many Dropshipping platforms out there. You can set up your own website, you can sell on Independent sites like Amazon and eBay or you can leave it all to hosted platforms.

That’s your choice to make but before finalizing something consider all the options and select the best dropshipping platform for yourself.

For beginners though we would suggest you to try Shopify because of its wide popularity and user-friendly Interface.

5. Easy Step to Start Your Own Dropshipping Store (Shopify)

Step 1. Sign up on Shopify – to start your Dropshipping journey

For the first step, head over to Shopify. Click on ‘Start free trial’.

PS – Have your store name ready with you.

 

14 days free trial on Shopify

 

Thereafter it will ask you for general information like your current revenue or type of industry you’ll be operating in etc.

You can fill it as per your choice or simply skip it.

 

Step 2. Fill out business information

Address form Shopify

 

 

This slide will ask you for your business address. You can either enter your office address or home address or from wherever you’re operating.

After clicking on ‘Enter my Store’ you’ll have your own Shopify Store ready in your hands.

store front of Shopify Store

 

For quick access to your store copy-paste this URL :

Your-store-name.myshopify.com/admin

 

Step 3. Add products to your store

Next, you’ll need to add products to your store to sell.

We recommend using Oberlo as it’s one of the best dropshipping app supported by Shopify.
Learn how to import products to your Shopify store using Oberlo

You can browse millions of products and import them to your Shopify store easily.

 

Step 4. Customize your store for your Dropshipping store

Always remember to enhance the look of your store. It’s the key to attract customers and make them stick around.

a. Choose a Theme

Shopify offers a wide variety of free Shopify themes.
Click on the ‘online store’ tab under the left-hand navigation. You can select the theme of your choice and customize it in the theme editor.

You can even opt for premium themes from the Shopify theme store.

 

Themes for Shopify

 

b. Create store pages

Since your customers don’t know what your store is about you should build some pages that will speak for your store.

Pages we would recommend you to definitely add in your store –

1. About Us
2. Contact Us
3.Order Status
4.Return Policy
5.Privacy Policy
6.Terms of service

You can create a page by clicking on the ‘pages’ tab under the ‘online store’ option on your dashboard and click ‘add page’.

Once you’re done with all the pages click on ‘save’.

Pages for Shopify Store

If you’re good at SEO you should add a good meta description and SEO title to rank higher in search engines.

Step 5. Set up Store Navigation

These steps allow you to choose the way how you want your visitors to see your store.

Generally, pages like privacy policy and terms of service are located at the footer. Whereas product collection and about us page appears first.

Select how you want your customers to navigate your store and what should you display on your top menu.

 

Navigation Page

 

Choose ‘navigation’ from the left side of your Shopify dashboard.

Select ‘Footer’ or ‘Main Menu’ and click on the ‘Add menu’ from above.

Give a name to the item and go to the ‘Link’ field to select it from the categories of products you’ve already created.

Repeat the steps until you get the desired results.

 

Step 6. Set up Payment Method

Give various options to your customers for payment so they can choose the one they’re comfortable with.

There are several options like online payment through PayPal or direct bank transfer etc.

Shopify gives you a variety of payment features.

To see the available modes of payment in your country click on ‘Settings’ from the left side of your dashboard and choose ‘Payment Providers’.

You’ll see several options to choose from.
Activate the ones you want.

Double-check the information you provided like your bank account number to avoid any mishaps.

Payment option for Shopify Store

Step 7. Choose a pricing plan

Shopify lets you browse through its features with the free trial but you will not be able to sell any product until you become a paid user.

Choose a plan that suits your needs and budget.

 

Pricing plan for Shopify

 

Step 8. Market your products

It’s the ultimate step you need to do to convert your efforts into sales.

There are many paid and unpaid ways to market your products online.

Paid ones (works after) –

1.Facebook ads
2.Influencer marketing
3.Instagram ads
4.Google ads

Unpaid ones (takes a significant amount of time) –

1.email marketing
2.blog marketing
3.content marketing

Try to come up with different ways to reach customers.

Because the more they’re aware of your products the more likely they are to purchase it.

Additional Option

You can buy a custom domain for Shopify as good for branding and easier to remember.

 

Domain page

 

You can go to the ‘Online Store’ option from the left side of the dashboard and select the ‘domain’ option.

You’ll see the options of ‘Buy New Domain’ or
‘Connect Existing Domain’.

You can buy a domain directly via Shopify which costs $14 a year.

If you already have a domain, you can connect to your Shopify store and use it as your website address.

6. Conclusion

Finally! We’re at the end of the post. We provided you with in-depth insight on Dropshipping and how you can earn money from it.

Just remember to go through each step and you’ll easily be able to set up your own dropshipping business in no time.

Please do tell us what niche you’re thinking to pick in the comment box below. We would love to know about your journey.

Thanks for reading and if you found it useful do remember to share it with your loved ones.

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54 thoughts on “What is Dropshipping? |Complete Guide”

  1. Pingback: Top 10 Ways to Earn Money Online - Dashing Dollar

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What is Dropshipping?