Starting a Drop Shipping Business is a great way to invest in your future. It is a modern way of bringing in income and flexing your business mind. Below is a brief guide to getting started in the world of Drop Shipping.
Select a Product
The great thing about Drop Shipping is you never have to handle the product yourself. You are simply working as the middleman allowing customers to purchase products directly from the wholesaler.
To this end, your first move is to decide what you will be selling and from where. For example, if you were looking to sell customized silicone wristbands you might look at partnering yourself with a company like SleekWristbands.com.
Once you’ve decided on what you will be selling you simply have to get the wholesaler on board and get things set up and you are on your way.
Website / App
You’ve selected your product. The next step will be to create a functioning website that will allow customers to place their order. Creating a working app will also help. The key is to make sure both these things are functional and easy to navigate. Don’t be afraid to sink some money into getting a professionally made website. The better your site or app, the more likely you are to get orders.
Your website or app will be the face of your company, so make sure it is showing off what you are all about. Spending time and money to make this perfect will pay off in the end.
You’ve got your product and a working system that your customers can place their orders with. Now the big part. Marketing. This is the part you will want to really dedicate your time to. And it is something that you won’t stop doing the whole time you are running this business.
The first thing is to find out what your target audience is. You need to know what age demographic you are aiming for. What type of people within that age range is going to be buying this product as well? This will greatly influence how you market.
The second thing is to decide how you will be marketing. Do some research into what marketing methods work best for your target demographic. And then see how you can go about using those methods to your advantage. If you are using social media, look into how to create posts that will get more views. If it is a print advert, look into investing some money into getting a professional-looking advert made.
Keeping on top of your funds.
Make sure you are keeping on top of your income and expenses. Mainly so you aren’t getting ahead of your self but also for tax purposes. While it may not seem like an ordinary company you will still need to conform to the normal business practices when it comes to taxes.
Knowing how much income you are making will also allow you to reinvest into the company.