This money making strategy is shaping the online market – and you need to start doing it

If you have been following the news lately, you will know that dropshipping has had a huge rise in its popularity and is rapidly growing.

What is dropshipping?

Dropshipping is an easy money making method that frees up space for your business, as you don’t have to keep the products you sell in stock. Instead, when a dropshipping retailer sells a product, they purchase the item directly from a third-party supplier that sends the product directly to a customer.

How successful really is it?

With success stories about how an entrepreneur made $6,668 in 2 months or how an owner of a store made 6 figures selling just one product, there is plenty of evidence and proof that dropshipping is a real way to make loads of money online.

Of course, not everyone can become successful and that is just how life works. But if you really want something, you will do whatever you can to get it. That is the mindset you need when getting into things like this. Otherwise, you might not get what you could of had.

How can I start?

With shopify you can sign up to create your dropshipping business within 5 minutes. Only a small fee a month is required, which means that businesses like shopify can continue to help you. In the long run, this price to pay will definitely be worth it and I guaranty, with a few weeks of hard work, you will not regret it.

Oberlo is another great company that can help you to launch your dropshipping business. It’s fast and simple and gives you access to millions of products that you can add to your store. Oberlo’s tool kit also allows you to hand-pick your product images, edit item descriptions, and give your business a personalised vibe, so people love shopping from you.

Is the best way to make money online dropshipping?

Of course, dropshipping requires you to have a business, which can be a hassle to start up. But it will help you to save a ton of money and help your business to grow. Most entrepreneurs have been focusing on a few marketing strategies: running Facebook adds, having influencers promote your products, and sending direct messages to potential customers on platforms such as eBay.

The risks.

Of course, there are always risks when making money offline and online. But if you are educated about these, you stand a much higher chance of becoming successful. Here is the list of dropshipping risks and how to prevent them from affecting you and your business:

Low profit margins

Sure, since you don’t have to manage or store your own inventory, the overhead is low – but so are the returns.

You put less money in, but you get less money out. That means you have to do a lot of business just to stay afloat, let alone turn a profit. – Mark Roberts

Highly competitive

Because very little capital is required to start a dropshipping business, that low barrier to entry means a lot of competition, with the most popular markets suffering more than others.

Basically, the bigger a company is, the more they can reduce their markups to offer the lowest prices. – Liz Pekarek

Difficult to build a brand

Like ghostwriters or behind-the-scenes songwriters, dropshippers must understand that the credit for their work goes to someone else.

If whatever product you’re selling is so amazing, your customers are going to focus mostly on the product’s brand and forget about the shopping experience entirely. – Rebecca Neil

All in all, dropshipping is a way to boost your businesses income and saves money but does come with some catches. So be careful and definitely give it a try!