Table of Contents
Write a comment
Thanks for your comment Hester Gebel, have a nice day.
- Deann Krom, Staff Member
hey what's up world I'm Tommy Walker with uber low and today we're gonna talk about drop shipping what it is and how you can get started I'll also give you four actionable steps to start your own drop shipping business today and stick around until the end of the video because I'll give you a few personal suggestions and things to keep in mind as you're getting started welcome to the Oh below youtube channel where every week we'll be discussing the various elements of what goes into starting operating and growing your own drop shipping business if you have any questions or want to share your own experiences with drop shipping drop them in the comments below and I will be sure to answer them like I said before I'm Tommy Walker and if you like what we're talking about here consider subscribing so you can get new videos every week so let's say you've been thinking about opening up your own online business but you don't know where to start you don't know what you should sell you don't have any money to invest in products and looking around yet don't have any room for inventory well that's what drop shipping is all about you see with drop shipping you can sell stuff online without the products ever being in your hand all you need is a computer an online store and a basic understanding of how to market and sell online here's how it works first you find what you want to sell from a supplier and then list that product on your website at a price you set next when someone places an order on that product your customer pays you the retail price you've set and you make a profit then you'll place the order with your supplier at wholesale price and have it shipped directly to your customer so let's say you found this watch on our suppliers website for $10 you would then list it on your own website for $30 and when the order comes through your website you would then place your order with your supplier using your customers information keeping the $20 profit and having that product shipped directly to your customer that's it now I know what you're thinking why wouldn't somebody just order the watch directly from the suppliers website well there's a couple of reasons first it's a very big internet and customers may not know about the supplier to buy from them directly second when people buying things they're not just buying into products they're buying into the marketing positioning trust brand and lifestyle these products represent with drop shipping you can focus on marketing your products and saying the right things at the right time and on providing real value to the right people because you're not warehousing any inventory or dealing with most of the other challenges that come with running an e-commerce business now a couple of challenges that do need to be considered when dropshipping are finding credible suppliers with good quality products and making sure you have visibility and your customers fulfillment process honestly you can find suppliers on your own however when your drop shipping completely on your own you can end up spending a lot of time researching and negotiating suppliers to guarantee your customer satisfaction another option is a tool like over lo which with a few clicks gives you access to millions of products to sell and has dozens of features to make your life easier like monitoring inventory levels automatically calculated profit margins fulfilling and tracking orders monitoring shipping status measuring delivery performance and a whole lot more over low supply is another part of the product which helps you partner with vetted trustworthy suppliers of great quality products faster shipping times and awesome customer service with thousands of different products to choose from want to get started all you have to do is start a Shopify store install the overload app and find products start selling online so why do people get in to drop shipping first off it's really fast and easy to get started and you can dropship with incredibly low investment costs you also don't need to have an established business entity when you get started even though it's probably smart to have one once you start to grow you don't have to worry about managing inventory packing or tracking which means you can focus almost exclusively on marketing promotion and merchandising you have access to millions of products instantly that suppliers are constantly researching to determine what's trending and what will sell you set the retail price so you control the margins and drop shipping is really easy to scale because you can hire virtual assistants as your order volume increases of course there are some challenges associated with drop shipping too first off because it's really easy to get started there's a lot higher potential for competition that's why you'll find a lot of advice out there that recommends you start off with finding a niche audience like cat lovers or gamers so you can operate with less competition next there are supplier errors though uncommon it is inevitable that a supplier will mistakenly ship the wrong product to your customer if this happens don't take it personally and handle the return like a professional either order a brand new product from the supplier or offer a complete refund also since many drop shipping suppliers are based in China shipping times are generally longer turning some customers off a pack it makes it easier though delivering some orders in as little as two weeks but generally speaking if you make your shipping times clear throughout the buying process many visitors appreciate the clarity especially if you're selling an item in a niche where delivery times are a little less crucial ok so you might be wondering to yourself how do I get started step 1 start a free 14-day trial on Shopify com step to go to Shopify dot-com forward slash App Store and install the over lo app step 3 find products from the app that you'd like to sell and add them to your store step 4 enable a payment gateway so you can start accepting money Shopify payments is a great default option if your one of the supporting countries though you may want to enable a few other gateways like PayPal Apple pay Amazon Payments or any of the hundred plus payment gateways that Shopify was integrated with once you have all that you'll need to create a plan for sending traffic to your store I won't go into great detail about that here but you can find a great resource building traffic by clicking on the card above or in the description down below and finally try to produce quality content for your store from eye catching photography to engage in product photos to great post for your blog your audience loves to know more about your products and how they can be used and the story behind them now that we've covered all the things you need to get started here are a few additional things to keep in mind one drop shipping is pretty easy to learn but there is still a learning curve and you will experience challenges along the way however mistakes can become learning opportunities and if you can develop resilience along the way there are plenty of people out there finding
Thanks dingaling5238x your participation is very much appreciated
- Deann Krom
About the author
I've studied diachronic linguistics (or historical linguistics) at Becker College in Worcester and I am an expert in records management. I usually feel bored. My previous job was military analyst I held this position for 2 years, I love talking about karting and bodybuilding. Huge fan of Bill Cosby I practice ice hockey and collect bicycles.
Try Not to laugh !
Joke resides here...