Maybe you already bought at a store that practices it and you did not notice. Discover what it is
Every day there are more stores on the internet that use dropshipping as a fundamental part of their business and this is due to the ease and comfort that this method provides to the companies that use it.
What is Dropshipping?
The operation of this type of business is simple: a store puts on sale a series of products that at first do not have to buy previously or store. The store reaches an agreement with a supplier whereby, each time it makes a sale of a product, the store places the order with the supplier and sends it to the final customer on behalf of the store.
The best thing about this type of business is that as a general rule, depending on the agreement you have, you do not have to make a prior disbursement in stock or products for your trade, you only buy once you have already sold.
The dropshipping is a win win both for the supplier, who is solely responsible for the production or storage of the products and the seller, who is responsible for the commercial part.
What do I need to start a Dropshipping lowcost business?
As we have commented in the headline of the article, in principle little money, but a lot of desire to work.
Starting a business, whether physical or online, requires a lot of work. The problem that usually exists in the dropshipping stores is that since you do not have a strong initial investment, many people do not take it seriously either.
That said, the first thing you need is desire and effort.
Secondly, you will need a domain for your online store and a good hosting company to host it. Today there are hosting companies that for less than € 100 a year give you a quality web hosting and a store ready to work, you only need to upload the products you want to sell.
Third, and perhaps most important and difficult of all, you should find a quality supplier that works by dropshipping the products you want to sell.
Although there are countless pages that sell databases with companies that work with dorpshipping, it is best if you are the one who directly contacts a company that sells the products in which you are interested and try to reach an agreement with it. You will get a closer relationship and better prices.
Finally, you must make your store known. A simple and inexpensive way to start promoting yourself may be to use Adwords or Facebook Ads. In both advertising platforms you can start a promotion campaign with very little money.
Depending on the results you get, you can increase your investment, but always controlling expenses. Good marketing is essential to get your business off the ground.
The biggest drawback of dorpshipping is that the profit margin is usually lower, but the investment is practically nil and you will not compromise your future if your bet to start an online business fails.
If you want to start a business with little money, you know, dropshipping can be your easiest and fastest option.
Also published on Medium.