how to start your own drop-shipping business in 7-key steps - online business ideas
TRANSCRIPT
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Passive Income Ideas
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Basically, Drop-Shipping is simply a supply chain
by which the seller’s does not own the products
they Sells!
First and foremost, we need to understand what the term
Drop-Shipping means.
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Really?Yes, that simple!
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So, What are the 7-Key Steps To
Successful Drop-Shipping Business?
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What are the 7-Key Steps To Successful Drop-Shipping Business?
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Step 1: Choosing a
Product to Sell:
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“The truth is; the BEST THINGS to Sell are
things that lots of people WANT, but not many other people are
Selling! And this is where it gets tricky.”
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The very first step in Drop-Shipping business
is choosing what product to sell!Although, for every new
entrepreneur starting drop-shipping business;
deciding on products to sell might be a little challenging
sometimes.
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But the truth is; knowing what to sell is not a rocket science,
it’s a process you need to learn and repeat over and over again (in other to be
profitable).
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Product Research – How to find Best Selling
Products?
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There are product research tools that can simplify the
process for you! Some of the tools will show you the current
market trends and the competitive level of the
products.
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Although, using product-research tool is not a most in
other to source profitable products. But, a good product-research tool will surely save
you time.
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Market Research Lab
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Step 2: Find Supplier who will
Drop-Ship for you
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You only have two main ways around finding suppliers; you either carry-out the research
yourself, or use industry-specific resources that can do the work for you (that’s Wholesale Directories).
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Finding a drop-shipping supplier
that you can count on is one of
the cornerstones of your online
Drop-Shipping Business.
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Step 3: Finding a Platform to Sell
your Drop-Shipping Products
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Now that you already know the products to sell, and the
supplier to drop-ship for you; it's time to Find a Platform to Sell your
Products.
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Depending on your budget; there are three
recommended platforms.The platforms are; eBay, Amazon and Shopify.
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Although, eBay and Amazon are always your best bet as
a starter, because of the set-up cost involve in
setting up a Shopify store.
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Step 4: Optimize your Product
Listings
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Product Listings Optimization?
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Optimizing your Product Listingsis not a Rocket Science!
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Basically, the online visibility of your products
really matters!
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Majority of your potential customers are most likely to find your products or items
through online search functions such as eBay,
Amazon, Google, Bing or any product’s searching platform
they use.
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Interestingly, 99% of all potential customers are more likely to buy only from the first page of search
results.
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Step 5: Placing Order’s with your Drop-Shipper
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Be very active in placing your orders with your
Drop-Shipper’s; waste no time!
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Getting this right will seriously help you grow your business faster, because you would not need to be dealing
with backlogs of orders.
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Step 6: Following-Up after
Sale
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This is where most people miss out in the drop-shipping business. Getting this right or wrong goes a long way.
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Bear in mind; just because you’ve placed
the order with the drop-shipper does not mean that you’ve completed
the process.
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Sometimes your order may get lost in transit without you being aware, and all
you get is another unhappy customer and possibly negative feedback’s.
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Most time there are chances that you would have been able to make correction (if you had implemented a proper
follow-up system).
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Step 7?
Wait! What’s Next?
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For Limited Time only, we’re offering you a FREE Download of the E-Book: “7-Key Steps to Successful Drop-Shipping Business” and our Step-by-Step
Guide!
