If you want to start a business with no loan, or you don’t have an initial investment budget, Dropshipping could be a good start for you. I will start by saying that many give up on Dropshipping due to long shipping times, or small profits not compiling quickly enough. This goes back to being consistent in your business and keeping in mind that starting a small business is not a get rich quick endeavor.

Dropshipping will allow you to make passive income. We all dream about making money while we sleep. Imagine waking up to five to ten online orders every day. Even if it is one online order per month, it is still passive income that you made passively on your own. You must have a winning mindset when it comes to Dropshipping.

If you are still wondering what Dropshipping is, allow me to explain. I compare Dropshipping to what some may refer to as the middleman. Customers come to you for a product that you may or may not have in hand. If you, have it in hand, you fulfill and ship the order yourself. If you are starting out fresh with no initial money to invest, you order the product from your supplier and their fulfillment center ships the order for you.

This is known as supply chain management. Once you accept the order you will receive a payout from the sale. Once it hits your account, you must transfer customer details to your supplier who ships the products directly to the customer for you. You order the product for your wholesale price which will be lower than the price you charged the customer. The remainder is your profit. Always consider shipping costs when pricing your products.

Your job as the retailer is to market and sell the products on your website. Another downside that turns some sellers away from Dropshipping without the product in hand is trusting that the condition and quality of the product will arrive properly. If you feel more comfortable seeing the products first, simply order them from your supplier to your own address and ship them out as they are ordered. This will help with long shipping times, which will allow you to build a better business brand.

You will have to have an initial investment for your inventory, but it will be wholesale prices once you find the supplier that you want to use. Shopify has built in applications on their platform that allows you to build an entire Dropshipping business through their suppliers. Once you build your Shopify website, install the Oberlo application to get started searching products for your chosen niche. Our company also provides services for starting a Dropshipping store.

Again, feel free to reach out at lesleylaunchedit.com.