Step-By-Step Drop-Shipping Business Plan For Anyone

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hey there welcome thanks for popping in I’m Michael Carter and we’re looking at step-by-step drop shipping business plans for anyone now there’s no question about it there’s a lot of money to be made selling products online now whether you choose to sell products as an affiliate for someone else or to sell products for yourself is the first questions that you need to answer now I’m going to dive into the seven steps that it takes to start your own drop shipping business online so the first one you know that your site set up now when you actually go and you decide that you want to own your own drop shipping business you know you’re actually gonna do well to have your own website okay now this will require you to actually purchase your own domain name for your website and then you want to secure your hosting for it because your website has to actually be hosted somewhere to sit so people can see it now once you have the domain set up you will need to have an e-commerce site set up now a lot of new entrepreneurs they use eBay stores as site builders because it allows you to build out your own online store through the eBay platform now another option okay number two is you can use a site called Shopify com which is an e-commerce platform built specifically for others to build their own stores on so the next step is product selection okay now once the site is actually ready to load products you got to decide you know which products you’re gonna offer now you can come to this decision based on your own criteria many people they’re gonna choose popular items that do well with keyword searches now whatever you decide to sell keep the items that you offer similar or you know somewhat related to each other so you don’t want to offer cooking items and dog treats on the same page because that just doesn’t make any sense now make sure that you categorize the site’s pages to make it easier for customers to shop on so the third one contact suppliers now when you know the types of products that you want to offer your audience you actually need to locate suppliers for those products so when you’re investigating the dropshippers be sure to check out their performance record okay really important now if you find a drop shipper that has like a two-star rating with the Better Business Bureau yeah I’d probably avoid that drop shipper chances are you’re gonna run into big problems down the road so the fourth one is create your own account now after you actually know what products you want to sell and you’ve found a supplier you need to set up your reseller account with them now in some cases you can actually open up an account by just simply picking up the phone and calling the wholesaler and providing the information over the phone in other cases you’re gonna need to fill out an application and actually wait to be approved now when you fill out that application they might require your tax ID number or it could be a tax exempt status okay just make sure you fill it up properly and then you just got to wait for it for the response the fifth thing advertising your products online now oddly enough people will set up an e-commerce store then they will actually neglect to advertise it okay the idea is to create daily messages that attract the attention of your prospective customers now there’s a lot of ways you can advertise to your clients for instance you know you could use eBay PPC as an advertising service or article marketing among other ways there’s just tons of things you can do these days so number six placing orders now with your store up and running you’re gonna start to collect orders for the products that you’re offering now when the orders come in you need to supply the needed information to the drop shipper along with the payment that you agreed upon for the order so they can get it shipped out to your customer now if you’re using an e-commerce platform like Shopify you might be able to set up the service to email the orders to the drop shipper for you okay other one you know that actually you know cuts out a step that you have to do so it makes it very easy otherwise you need to handle this task you’re still are yourself manually okay so you have to actually manually go in do the order and contact the drop shipper so number seven follow up now just because the information has been sent to the drop shipper doesn’t mean that you’re finished with your customer okay should always always follow up with the customer and make sure that there was no issue with the order they place okay this also gives you the opportunity you know you can offer further services to them and you know you can provide your direct contact information now this can be a great way to add sales as well now once you’ve collected the customers information you should always keep it and use it to communicate future offers now by integrating dropshipping into your online business you’re going to be eliminating the need to handle inventory yourself now drop shipping can be one of the most lucrative business models online today now when you follow the correct steps to actually set up your drop shipping business not only you know you’re gonna be saving yourself a ton of time and effort but you’re really I mean you’re gonna get a head start over your competition so that’s what it guys just want to give you these tips hope you take them hope you start your own drop shipping business online it can be very very lucrative and I wish you all the best thanks for watching I’m Michael Carter and we’ll see you next time bye bye