When it comes to ways to make money online, there are many different ways to do it. One of the best ways to make an easy risk free income is through drop shipping. There are many drop shipping wholesalers available from which to choose. Once you have chosen a drop shipping wholesaler, you will simply list their merchandise for sale. When you receive an order for their product you will forward it to the supplier to be fulfilled.
What is Drop Shipping, and What is a Drop Shipper?
Many people may ask what is a drop shipper vs whole sale? As a drop shipper you will never actually see the products that you are selling.
You will simply be taking orders from the whole seller. A whole seller is the person or company that supplies the products from their inventory. There are many benefits of drop shipping including:
There is no need to invest thousands of dollars in inventory. Instead, you will purchase the product when you have an order in place.
Since you do not have to pre-purchase any items, you will be able to offer a wider product selection.
The risk is reduced because you will not have to invest money in inventory that may or may not sell.
How do I make money from this?
Like any business, your success and profitability will depend on several variables. When you do this correctly you can create an online business that is highly profitable. Drop shipping offers a viable online business model that comes with a very low risk. In order to make money from drop shipping you will need to be dedicated and committed to the niche that you select. The way that you make money from drop shipping is that you are provided with a share of the sales. Some products may offer as much as 50% while other items may only provide you with 5% of the sale. It will depend on the drop shipping niche that you choose and the company that you work with.
How do I find drop shippers?
There are several ways to find drop shippers. You can search on google for these companies. However, if you conduct a search make sure that you dig through the pages as finding a drop shipper that is legitimate may take time. Another option is to contact the manufacturer of the product. The manufacturer should be able to lead you to authorized distributors of their product. Directories are another great way to find drop shippers. These directories will provide you with a list of drop shippers that are available.
Amazon is the biggest drop shipper out there however their commission percentages are very small
Salehoo has an amazing resource of wholesalers that do drop shipping
If you know a product and a manufacturer you can also contact them directly and see if they will setup a dropship process with you.
Overall, drop shipping is a solid business model that can be used to make money online. It will take some time and effort, but if you successfully build up your business it is possible to make a decent living doing this.