Starting your own dropshipping business is worth it. There are thousands of success stories behind this e-commerce business model. At Shopify, what we really like about dropshipping is that it provides a lower-risk approach for independent businesses to try out new product ideas (and product lines) without having to own and pay for the product upfront. It is a business model that allows many more people to participate in entrepreneurship.
Often, because entrepreneurs have to spend a significant amount of their money on inventory before they can start selling, these costs feel really restrictive. It’s like the retail version of cloud computing. An e-commerce website that operates on a drop-shipping model buys the items it sells from a third-party supplier or manufacturer, who then fulfils the order. This not only reduces operational costs, but also frees up your time to focus all your efforts on customer acquisition.
To reach your target audience, you can stream your video on social media platforms, YouTube, or purchase advertising space on a third-party website to increase your visibility. Since you do not need to store or handle the items you sell, it is possible to start a drop shipping business with limited funds. Drop shipping is a popular business model among new entrepreneurs, especially Generation Z and millennials, because Internet marketing skills far outweigh financial capacity. While it doesn’t take a lot of start-up funds to launch a drop shipping business, it does require a lot of hard work.
If you are not passionate about your chosen niche, you are more likely to be discouraged, because it takes a lot of work to successfully scale a drop shipping business. There are many sources of information available, from business and technology blogs to this drop shipping subreddit. The fastest way to launch a website that supports a drop shipping business model is to use a simple e-commerce platform like Shopify. If you want to learn how to start a dropshipping business without writing a single line of code, selling using third-party ecommerce channels is a perfect option, especially for the newbie category.
If you want to start your dropshipping business using a third-party sales channel, you don’t need to work on any code while doing the integrations. He started selling online in 2007 and has built and sold multiple seven-figure businesses leveraging the power of dropshipping. Anton, I have been watching a lot of your videos and webinars, trying to get as much information as possible before I sign up for your course and start my own drop shipping shop. Remember that you are going to be competing with other drop shipping operations as well as retail giants like Walmart and Amazon.