What is Drop-shipping?
Drop-shipping is an e-commerce business model in affiliate marketing where you don't have to keep any products in stock, sell the affiliate products only and customers do payment through yours. As a drop-shipper, when you sell a product, you buy it from a third party and it gets shipped directly to your customer. This means that you never have to handle the product, making it a very easy process.
What makes drop-shipping the perfect business model?
There Is No Need To Invest In Stock
Unlike running a standard e-commerce store, with drop-shipping, you don't need to invest thousands of dollars in stock. Because you only buy a product once your customers have placed an order, there is no chance that you will be left with lots of unsold stock.
There Are Millions Of Products To Choose From
As a drop-shipper, you are able to offer a far wider range of different products because you don't have to buy them in advance. This means that there is no limit to how many different products you can sell.
There Is Far Less Risk Involved
Because you don't have to invest any money on buying stock, you aren't going to find yourself with lots of unsold items that you have paid for.
You Can Concentrate On Promoting Your Store
Because you don't have to worry about sourcing products and buying stock, you can concentrate all of your efforts on finding new customers and making more sales, therefore making more money.
You Run Your Store From Anywhere
As a drop-shipper, you don't need a warehouse because you don't have to fulfill your orders yourself, so you can run your business from a laptop anywhere that you can get an internet connection. This leaves you free to travel where you like and enjoy the "laptop lifestyle" as an entrepreneur/affiliate marketer.
It's Very Easy To Scale & Grow Your Business
Drop-shipping is one of the easiest business models to scale up because all of the reasons above, and that I have included as a special post will show you exactly how to maximize your income.
Why is drop-shipping a great business model?
As a drop-shipper you don't need to keep any stock or handle any products yourself, because when you sell something you simply buy it from the supplier and they will ship it straight to the buyer.
This means that you will never that you will never be left with any unsold stock and you won't end up out of pocket.
With drop-shipping you can also offer a far greater number of different products because you don't have to buy them in advance. You can sell as many different products as you like.
And because you don't have to find products or keep track of your stock, you can spend your time promoting your store and getting more sales.
Another huge advantage is that you can operate your business from anywhere, leaving you free to travel and work flexible hours.
Drop-shipping is also one of the easiest kinds of businesses to scale up and earn a full-time income.
How Drop-shipping makes money
Every item sold on the site has a mark-up of 50% added to the price. When you sell an item, the customer pays you and you then order it from the drop-shipping company with a couple of clicks, and keep the profit.
The Affiliate Products
The products have been hand-picked are sourced from Amazon,eBay, Ali Express, Alibaba etc, with the suppliers being based mainly in the United States or China. You can add more products and easily edit the products currently listed.
Business expenses
For WordPress it 'll cost on the purchasing plugin, you can also add the products manually Free of cost. While for Shopify store; the basic Shopify Plan costs $29/month. This includes hosting, a Free SSL certificate for optimum website security, and access to a wide range of apps and tools that will help you take your business to the next level.
The domain will need to be renewed with the registrar before the 12 month registration period expires. You can usually renew for less than $20 for 12 months and should be able to find a good deal if you renew for a longer period.
Running the store
Because you don't have to package the goods and arrange the shipping, and thanks to Shopify's efficient order tracking system, orders take very little time to fulfill and can be done in a matter of minutes. This allows you more time to focus on promoting your store and building the business.
Building the business
As an example, you could add a wider range of products, make use of social media including Facebook and Google, run targeted ads to generate more traffic, and add content to your site to improve it's chances of being found in search engine results. Additionally, you can build a list of email subscribers and send them exclusive promotions to boost your customer loyalty.
In simpler terms, this is how drop-shipping works:
1. The customer places an order for a product on the retailer’s online store.
2. The retailer automatically or manually forwards the order and customer details to the drop-ship supplier.
3. The drop-ship supplier packages and ships the order directly to the customer in the retailer’s name.
In simpler terms, this is how drop-shipping works:
1. The customer places an order for a product on the retailer’s online store.
2. The retailer automatically or manually forwards the order and customer details to the drop-ship supplier.
3. The drop-ship supplier packages and ships the order directly to the customer in the retailer’s name.
Drop-shipping in Affiliate Marketing
Reviewed by IMK yousafzai
on
04 March
Rating:
Reviewed by IMK yousafzai
on
04 March
Rating:
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I am a full-time Blogger and Web Developer and taking an interest in internet marketing. I share what I learn. I experiment with the internet and shares my knowledge with others. Sharing is carrying.