Online business work from home
To someone who is new to the online business world and looking to break into the ecommerce scene, the dropshipping process can seem a little intimidating as it can be difficult to find a reliable source that tells you everything you need to know.
So here it is: The definitive guide to dropshipping. It covers everything from what the term essentially means, how this particular business model works and, if it’s for you, how to find the right product and supplier to actually run a successful, booming ecommerce dropshipping business. So let’s dive right into it!
What is Dropshipping?
Dropshipping is a retail fulfillment method where a store doesn’t keep the products it sells in stock. Instead, when a store sells a product, it purchases the item from a third party and has it shipped directly to the customer.
How do i start a dropshipping business?
- Select a niche. The niche you select needs to be laser-focused and something you are genuinely interested in.
- Perform competition research.
- Secure a supplier.
- Build your ecommerce website.
- Create a customer acquisition plan.
- Analyze and optimize.
Is dropshipping legal?
At its simplest definition, it’s just a form of order fulfillment where the supplier handlesshipping. Most big box stores do some dropshipping to supplement their online stores with additional low overhead products. Nothing illegal about it.
Best Dropshippers across the Globe
All dropshipping companies have their advantages and disadvantages. It is important for online businesses to evaluate the various dropshippers based on their own specific needs and use cases.
Here is an overview of the most popular dropshipping suppliers, their advantages and disadvantages.
- Worldwide Brands.
- Wholesale Central.
- Dropship Direct.
- Sunrise Wholesale.
- National Dropshippers.
AliExpress is a wholesale and dropshipping platform that connects dropshippers to suppliers and products. The platform offers millions of products from suppliers in 40 niche categories like electronics and apparel. AliExpress also offers free sign-up.
SaleHoo is a wholesale supplier directory that connects dropshippers to suppliers. It includes suppliers in a variety of niches that serve the United States, UK and Australia.Signing up for SaleHoo costs $67 (per year) and has a 60-day money back guarantee.
Doba is a marketplace that compiles manufacturers and suppliers into one place. With Doba you can search through products in your industry and consolidate them into custom lists. Their basic service plans starts at $29 a month; more plans are available.
Wholesale2B is a supplier integration system that allows you to choose from 1 million products, offered by 100s of suppliers, and sell them on eBay, Amazon, BigCommerce, Shopify or a custom website. Different apps and pricing plans are available for different platforms — the BigCommerce app starts at $29.99 a month or $149.99 per year.
5. Worldwide Brands.
Worldwide Brands is a comprehensive directory of dropshippers and bulk distributors. They continually update their list with new suppliers across all niches and certify that each is reputable and reliable. Receive access to this directory for a one-time fee of $249.
6. Wholesale Central.
Wholesale Central is a directory of wholesalers and dropshippers. This directory is free to access and is categorized by product type, with niches such as eyewear, books, candles and pet supplies represented.
7. Dropship Direct.
Dropship Direct is a general dropshipper that provides access to over 100,000 products, all shipped from their own warehouse. They feature products in health and beauty, sports, apparel, electronics and more, and also provide metrics like order cancel rates to help you gauge the success of your dropshipping. Dropship Direct offers free sign-up.
8. Sunrise Wholesale.
Sunrise Wholesale is a general wholesaler and dropshipper that offers 15,000 products in categories like home decor, sports and fitness, jewelry, garden decorations and more. This platform is able to be connected to eBay, Amazon, BigCommerce, Shopify and more. Membership is $29.95 a month or $99 a year.
Inventory Source is dropship network that provides access to 150 suppliers and allows you to sync inventory and auto-upload product data. It connects to platforms like BigCommerce, Shopify, eBay and Amazon. Pricing plans start at $50 a month.
11. National Dropshippers.
National Dropshippers is a wholesale product source that offers over 250,000 products at prices such as 50% below MSRP. They carry a wide range of products, from pocket knives to umbrellas to barbeque grills. The service costs $19.99 a month and dropshipping costs $2.49 per order.
Dropshipper.com is a general dropship platform that carries over 1,700,000 products from 890+ suppliers. Their products include beauty products, electronics, jewelry and more. Pay a one-time $99 fee to access their list of dropshippers, or pay $69 a month to access these products through Dropshipper.com.
How do i get paid through dropshipping?
When you, the merchant sells an item, the buyer must send you the money via PayPal before the order is fulfilled. Using a drop shipper, you take the payment and order the item from the supplier at a reduced rate, keeping the profits for yourself. You can sell $300 items or $30 with equal effort.