Drop shipping is a retail fulfilment method in which the retailer does not keep goods in stock but instead transfers customer orders and shipment details to either the manufacturer, another retailer, or a wholesaler, who then ships the goods directly to the customer.
Drop shipping doesn't require much investment and it has a low risk because it doesn't require upfront costs. Besides, dropshipping can be a profitable business model for merchants since they do not pay for shipping or cost of product manufacturing.
To start the business follow these steps:
- Choose a niche
- Perform competition research
- Find a reputable manufacturer/supplier
- Build an online store
- Market your store
- Analyze and improve your offering
If you do not want to create a dropshipping business from scratch, you can find a dropshipping business for sale on exchange marketplace.
Here are some real life success stories of starting a dropshipping reseller:
1. E-commerce Mentoring ($1.2M/year)
Kamil Sattar (from Telford, England, United Kingdom) started *E-commerce Mentoring * over 5 years ago.
Hello, my name is Kamil Sattar. I am an entrepreneur who’s developed many six-figure drop shipping businesses. I’ve also created systems to maximize opportunities in different markets and I’ve started companies in many industries. One of those companies specializes in helping people who are seeking to create drop ship companies of their own.
Of course, with every store that I open, I am able to learn new things. With every new thing that I learn, it helps me improve my system that I use to create these six and seven-figure stores and it helps me improve my process for helping others generate their stores.
2. The Kewl Shop ($1.8M/year)
Sasithon Bella (from Michigan, USA) started The Kewl Shop over 10 years ago.
Hi there, my names Sasithon, or Sasi for short and I run The Kewl Shop together with my husband, Charles. I’m Thai and spent my formative years in Bangkok, the capital of Thailand. Charles is British.
3. Temples and Markets ($66K/year)
Judith Treanor (from Sydney, New South Wales, Australia) started Temples and Markets almost 8 years ago.
Hi, I am Judith Treanor, founder of online curated store Temples and Markets. Every Product has a story and every product has been ethically sourced from artisans and Social Enterprises in S.E Asia.
Since launch, I have grown a loyal customer base and a quarter of my customers are repeat.
Hey! 👋 I'm Pat Walls, the founder of Starter Story.
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