Dropshipping 101: A Comprehensive Beginner's Guide

[00:00] about Dropshipping, what it is, and how you can get started. I’ll also give you four actionable steps to start your own dropshipping business today. And stick around until the end of the video, because I’ll give you a few personal suggestions

[00:13] where every week, we’ll be discussing the various elements of what goes into starting, If you have any questions, or want to share your experiences with dropshipping, drop them

[00:25] Like I said before, I’m Tommy Walker, and if you like what we’re talking about here, Let’s say you’ve been thinking of opening up your own online business, but you don’t You don’t know what you should sell, you don’t have the money to invest in products,

[00:41] That’s what dropshipping is all about. You see, with dropshipping, you can sell stuff online without the products ever being in All you need is a computer, an online store, and a basic understanding on how to market

[00:53] First, you find what you want to sell from a supplier then list that product on your Next, when someone places an order for that product, your customer pays you the retail Then you’ll place the order with your supplier at their wholesale price and have it shipped

[01:11] So, let’s say you’ve found this watch on a supplier’s website for $10 When the order comes in through your website, you then place your order with your supplier using your customer’s shipping information, keep the $20 profit, and have the product

[01:25] Now, I know what you’re thinking, why wouldn’t somebody just order the watch directly from First, it’s a very big internet and customers may not know about the supplier to buy from

[01:37] Second, when people buy things, they’re not just buying products. They’re buying into the marketing, positioning, trust, brand and lifestyle those products With dropshipping, you can focus on marketing your products and saying the right things,

[01:49] at the right time, and on providing real value to the right people because you’re not warehousing ecommerce business, credible suppliers with good quality products, and making sure you have visibility into your

[02:04] Honestly, you can find suppliers on your own -. However, when you’re dropshipping completely on your own, you can end up spending a lot of time researching and negotiating with suppliers Another option is a tool like Oberlo, which with a few clicks gives you access to millions

[02:20] monitoring inventory levels, automatically calculating profit margins, fulfilling and tracking orders, monitoring shipping status, measuring delivery performance and more. Oberlo Supply is also a part ofthe product, which helps you partner with vetted, trustworthy

[02:35] suppliers of great quality products, faster shipping times and awesome customer service All you have to do is start a Shopify store, install the Oberlo app, find products and First off, it’s really fast and easy to get started and you can dropship with incredibly

[02:53] You also don’t need to have an established business entity when you start, though it’s You don’t have to worry about managing inventory, packing or tracking, which means you can focus You have access to millions of products instantly that suppliers are constantly researching

[03:11] You set the retail price, so you control the margins. And dropshipping is really easy to scale because you can hire virtual assistants as your order Of course, there can be some challenges with dropshipping too:

[03:23] First off, because it’s really easy to get started, there’s a higher potential for That is why you’ll find a lot of advice out there recommends you start off finding a niche audience - like cat lovers, or gamers - so you can operate with less competition.

[03:35] Though uncommon, it is inevitable that a supplier will mistakenly ship the wrong item to your 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.

[03:50] longer, turning some consumers off. ePacket makes it easier, delivering some orders in as little as two weeks, but generally speaking, the clarity - especially if you’re selling an item or in a niche where delivery times

[04:06] Ok, so how do I get started? Start a free 14 day trial on Shopify.com Step 2. Step 3.

[04:18] Step 4. Shopify Payments is a great default option if you’re in one of the supported countries Paypal, Apple Pay, Amazon Payments or any of the 100+ payment gateways that Shopify

[04:35] Once you have all that, you’ll need to create a plan for sending traffic to your store. building traffic by clicking on the card above, or in the description down below. Finally, try to produce quality content for your store.

[04:49] your audience loves to know more about your products, how they can be used, and the story Now that we’ve covered all of the things you need to get started, here are a few additional Dropshipping is pretty easy to learn, but there is a learning curve, and you will experience

[05:05] However, mistakes can become learning opportunities, and if you can develop resilience along the way, there are plenty of people out there finding a lot of success dropshipping products. ecommerce, dropshipping isn’t free.

[05:21] returns. There is no overnight success, and this isn’t a get rich quick scheme. True, you will need to dedicate less time compared to a traditional ecommerce businesses,

[05:36] You’ll always need to invest time improving your business. This is illegal all around the world and can cause you some serious trouble.

[05:49] it a priority to avoid copyright infringements. This way, you can rest assured that you won’t infringe any copyright laws

[06:01] handful of complementary items from a single supplier. You can always add more inventory as you become comfortable, but it’s better to start small And my final tip for once you’re feeling comfortable with dropshipping - diversify.

[06:18] operate a series of stores targeting various niches to build multiple sources of income. If you’re looking to learn more about drop shipping - check out our “Ultimate Guide about building and running a successful drop shipping business, you’ll find it in the

[06:36] comment and of course subscribe and hit that bell. Thanks a lot for watching and, until next time, learn often, market better, sell more.