November 23, 2020
A dropshipping business is where you are able to sell merchandise to your customer without holding any inventory. A customer purchases an item from your store at retail price. You then forward the order to your supplier, which you pay the wholesale price. Once your supplier receives the order, they ship the item directly to the customer under your business name while you earn the profit margin. All you have to do is set up a retail store, find customers, and handle customer support.
There are thousands of people around the world who make five-, six-, and seven-figure incomes from drop shipping and there’s no reason why you can’t do the same.
Starting a dropshipping business is one of the easiest ways to make money online in 2020.
The growth of Amazon,Tezlow and other online marketplaces and platforms means that anyone can start an online store for as little as $20.
But with the barrier to entry being so low, dropshipping has exploded in popularity over the past decade, meaning that many markets are highly competitive.
If you’re thinking of starting a dropshipping business – either as a side hustle or a means to leaving your full-time job – you can save yourself time and set yourself up for success by following the simple steps outlined below.
We show you how to start a drop shipping business in 6 easy steps:
- Choosing a profitable dropshipping niche in 2020
- Finding reliable dropship suppliers
- Getting a sales tax ID
- Choosing the right selling platform for your business
- Implementing a customer acquisition strategy
- Buying a readymade store from jobworldfactory.com