If you intend to start a business without investing much and are looking for something hassle free then drop shipping is the best option for you. Imagine earning retail profit by selling goods, without spending a dime on setting up a physical store and stocking anything! Does it sound too good to be true? Well, it is not! All you have to do is take the order from customers and forward it to your wholesale suppliers, distributors or the manufacturers you are drop shipping for.

To help you make a sane decision about running a small drop shipping business of your own, I am discussing the process of drop shipping here.

Find the supplier

The most important thing is to find a suitable drop ship supplier. Finding a reputable wholesaler should not be a problem as there are many B2B portals, where records of such companies are maintained and updated regularly. Some of the B2B portals go an extra mile to verify the authenticity and credibility of these suppliers. These sites often have a separate section reserved for drop shippers where you can check the entire listing of active drop shippers operating in different regions.

Get registered

Just like any other business, getting registered with a drop shipping company is equally important. Before registration, it is vital to check credibility of the company. Sometimes, there is a membership or a registration fee set for affiliating with certain suppliers and wholesalers.

Pick the products

Now comes the crucial part i.e. selecting the item(s) that you wish to sell. For this, you need to carry out a thorough research to find out which products are high in demand and easy to sell. You can also pick a niche which interests you because naturally you would take more interest in marketing it. Just make sure not to experiment, at least in the beginning.

Get online

Next step is to setup a website. You can hire a professional to design a website for you. There are some portals which offer highly accredited online services. You can contact any one of them. Do add your input in making the site attractive for your targeted audience. Think like a consumer, ask the most logical and common questions - answer them in the simplest manner, use proper images and carefully chose the font, design and interfaces.

Pricing

While setting the retail price of products, do not take any competition lightly. You can increase the mark-up with time but to attract customers in the beginning, do what most businesses do i.e. sell at low price. There is practically no investment or maintenance cost required in drop shipping so everything that you would make for each sale would be pure profit. Instead of more profit for each sale, it is much better to increase the profit through more sales.

Conclusion

The competition in drop shipping is also increasing so marketing is a vital part of it. So dedicate a fair amount of time to your business and you’d be spinning money in no time.