What Is Dropshipping About and Does It Work? How To Make Money Dropshipping in 2022?
Remember that old saying that goes something like, “high risk, high reward”? Well, today I’m about to kick that saying out of the park by introducing you to something that can give you high reward with minimal risk. Say hello to making money with dropshipping.
If you’re wondering what is dropshipping about and does it work, well, I’m about to tell you that it surely does work. In fact, the best dropshipping websites make big bucks passively. If you’re wondering how to make money dropshipping, well, it is really simple and today I’ll be telling you all about it.
So, without further ado, let’s dive right in!
Who am I?
My name is Aparna. I am a dreamer who is passionate about every aspect of her life. Variety, adventure, and new things interest me and are what keep me going. Furthermore, I believe that you have to “Be the change you wish to see in the world”.
I avoid the nay-sayers, and the overtly careful. I prefer to forget the critics and believe that we should learn to cast aside our doubts and inhibitions. We are indeed the masters of our own destiny!
This life is our only chance. No one is getting out of here alive. It’s time to live our dreams, to take risks and to give it all we can. We only live once.
Today, I want to tell you all about what is dropshipping about and does it work. It is a really simple way to start making money online. And I’m talking BIG money!
I have always believed in conveying the absolute truth, and so my articles do just that. You will get both the good & the bad. Basically everything related to what is dropshipping store and whether it is really worth going in that direction when it comes to legitimate work home opportunities.
Let us see how this whole dropshipping thing works now, shall we?
What Is My Aim?
My aim is to find you the best possible ways to make money online. I obviously understand that it has to match your interests.
While I shall be telling you about how to make money dropshipping here, you should know that there are literally a thousand ways to get rich online. You have to choose one or two methods and stick to them. Consistency is what is important
The money comes, that’s for sure, but only after some amount of time and effort has been put in.
So do go through my article on what is dropshipping and can i make money dropshipping.
If you wish to check out the many common and uncommon ways of making money online, please go through my list below, and click on whatever suits your fancy. Take a look at my ratings for all these methods too.
Let’s make some money together!
Ideas For Making Money On The Internet | My Rating |
---|---|
Affiliate Marketing with Wealthy Affiliate | 9.9/10 |
Start a Blog | 9.7/10 |
Affiliate Marketing with Authority Hacker (TASS) | 9.5/10 |
Making Money on YouTube | 9.5/10 |
Make Money With ClickBank | 9.4/10 |
Affiliate Marketing with Income School 24 | 9.3/10 |
Making Money on Instagram | 8.9/10 |
Affiliate Marketing with RA Wealth Partners | 8.7/10 |
Become a Graphic Designer | 8.7/10 |
Affiliate Marketing with 2020 Super Bundle | 8.6/10 |
Start a Dropshipping Business | 8.6/10 |
Sell a Service on Fiverr | 8.5/10 |
Create a Comparison Website | 8.5/10 |
Affiliate Marketing with Partnership To Success | 8.4/10 |
Make Money With Twitter | 8.3/10 |
Sell Items on eBay | 8.3/10 |
Affiliate Training with Rich Dad Summit | 8.2/10 |
Create a Membership Site | 8.2/10 |
Making Money with the Amazon Associates Program | 8.1/10 |
Affiliate Marketing with 12 Minute Affiliate System | 8.1/10 |
Create a Niche Website | 8.0/10 |
Affiliate Marketing with Legendary Marketer | 8.0/10 |
Write and Publish an eBook | 7.9/10 |
Affiliate Marketing with $1K A Day Fast Track | 7.8/10 |
Become a Voice Actor | 7.7/10 |
Affiliate Marketing with Click Wealth System | 7.5/10 |
Making a Coupon Website | 7.0/10 |
Affiliate Marketing with Super Affiliate System | 6.0/10 |
Selling a Course on Udemy | 5.0/10 |
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A Quick Summary
Name of Program | Start a Drop Shipping Business |
Website | Any dropshipping website builder like Shopify |
Price | Pricing plans vary for each drop shipping website builder. Here is the price for Shopify |
---|---|
Owners | You |
Located | Your place |
Rating | 8.6/10 |
Verdict | By investing some time in finding the right supplier and marketing your products well, there is a lot of money to be made with a drop shipping business |
Review Time | 200+ hours |
What is Dropshipping Store About? Breaking Down the Best Dropshipping Websites
Wondering what is dropshipping about and does it work? Well, dropshipping is a concept related to e-commerce. It’s a method in which the online store doesn’t produce or stock the product it sells. Instead, the store first sells the product then purchases it from a third party for a lower price and gets it shipped directly to the customer’s address.
Dropshipping is an excellent business model because you just need to set up an online store, make sales, and earn profits. You don’t need to worry about stock, inventory, packing, shipping, or handling.
It’s a great business model for someone who has very little money to invest because you don’t have to buy a product unless you’ve already made a sale and have been paid by the customer. So, basically in this business model, you are using customer’s money for purchasing a product and making the profit without investing your own money.
I know this sounds very complicated, and doesn’t answer most questions you have. So let me break down what is dropshipping about and does it work. Let us use a real example to make things simpler and more practical.
Suppose you create an online store using Shopify (*Shopify is a complete commerce platform that lets you start, grow, and manage a business. Create and customize an online store. Sell in multiple places, including web, mobile, social media, online marketplaces, brick-and-mortar locations, and pop-up shops. Manage products, inventory, payments, and shipping.)
Now you do not want to take the headache of Inventory-management and also to get your investments blocked in inventory before they get sold out from your online store, right?
- Hence Dropshipping comes as a saviour here for you by playing as a retail fulfilment method where your Shopify store doesn’t keep the products it sells in stock.
- Instead, your Shopify store sells a product using the dropshipping model where you display the images of your products from a third party (AliExpress or Oberlo -Find Products to Sell on Shopify With Oberlo!which helps you find and add products directly into your Shopify store that you can start selling right away.)
- Now when a customer likes and orders that product at your Shopify store, the third party (whether the suppliers of Alibaba or Oberlo) ships the order directly to the customer.
- As a result, you, the owner of a Shopify store, doesn’t have to handle the product directly.
The best dropshipping websites do charge a fee for this service. Each company is different, but usually, it’s about $2 to $5 per item or order and is often called a handling fee or a dropship fee. That’s on top of the wholesale price for the product itself and the cost of shipping, which does add up.
How To Dropship With Shopify? Getting Started On The Road To the Best Dropshipping Websites
The hassle-free way to get started with dropshipping is by signing up on Shopify.com. This website will provide you with all the technical things that you’ll ever need to set up your online store. You’ll get hosting, domain name, design, themes, payment gateways, and almost everything in one place.
Shopify makes an online store set up so easy that anyone without much technical knowledge can do it. It’s great a great choice if you want to focus and spend more time on your business growing activities rather than technical setup and maintenance. Convenience is the name of the game when it comes to what is dropshipping about and does it work.
You can sell anything from wristwatches to t-shirts, necklaces, accessories, and so on on a Shopify website. If you still can’t decide what to sell then try to make a list of things you like or which interest you the most, this will give you a heads up.
I do recommend that you do some initial research and find the answers to the questions such as:
- Does the product you are intending to sell have demand in the market?
- How much price are people willing to pay?
- Where are people visiting to buy these products?
- On which social media channel you can find your best potential customers?
- What is the age group of your potential customers?
- What are the current trends?
The best way to find the answers to the above questions is to visit top e-commerce stores such as Amazon.com to find which product designs are selling the best, read the customer reviews to get more insight into customers’ expectations since exceeding expectations is all what is dropshipping store about.
You can also visit product forums, join social media groups, popular blogs to collect more data about your potential customers. This data will help you to select the right products that will appeal to your target audience and thus fetch you more sales and profits.
For example, if you plan to sell wristwatches visit Amazon.com and check out best-selling wristwatches note down their price range, observe their designs, read customer reviews, and note down important points. Find out other similar e-commerce sites like Amazon and repeat the above method. After that move on to watch forums, fashion blogs to collect more data about your potential customers.
Once you’ve finalized the products you want to sell, you can visit sites like Everbuying.net or Alibaba.com to find the suppliers who can provide you the products. Shortlist some good suppliers, discuss your marketing plan with them and see if they are the right fit for you and can deliver agreed products within the time limits.
With a product and a Shopify site, you’re all set to dropship with Shopify and make money. You can promote your site via a blog. I have a separate article on that so do check that out.
A Sneak Peek Inside Drop Shipping
You can build a dropshipping site on Shopify. Here is the webpage of Shopify:
You can get a 14-day free trial before you commit to a pricing plan:
Here is the main dashboard of Shopify dropshipping:
How to Make Money Dropshipping? Tips You Need To Know!
Well now we know exactly what is dropshipping about and does it work. However, the how to make money dropshipping question remains. In the fierce competition already present in the market you are better off to start all the while considering these steps too.
- Your value proposition must be defined- this means that you must narrow define the scope of your business so that it targets the very specific niche that your business is about. Some common ones are: most affordable, organic, best quality, sustainable, and so on. You must be true to your niche since simply stating you are affordable is not necessarily going to give you the edge, you need to be more expressive in terms of your personality. A good case study is the Home Decor under retailer Canopy. For this step:
- Specify your audience
- Understand the needs of your audience
- What propositions are realistic and deliverable
- Finding a profitable niche-specifying and narrowing down simplifies things and also allows you to sell more and have a more focused audience. The following considerations are important in this step:
- What products excite you the most
- What do you find most profitable
- Is there a niche not being served whose need you can fulfil
- Look for products that are high in demand- this step often requires extensive research on your part. Here an SEO researcher can play an important role to help identify key words in transactional deals within the best dropshipping websites. This can also help you identify the products which you might be able to sell successfully on the best dropshipping websites. Another advantage to SEO research is that you can keep track of the progress and details of the business of your competitors and help plan and strategize accordingly.
- Legal incorporation- Legal incorporation is the simple act of registering your business and obtaining a business license. In the United States, you’ll register with your state. Be sure to check local, state, and industry laws to ensure you are compliant in your area. If you aren’t sure where to get started, you can reach out to a local business lawyer. They can help you determine what licenses and permits you need to keep your business going.
- Finding reliable suppliers- Your brand’s reputation and customer is directly dependent upon the reliability and certainty that your supplier offers. So in choosing suppliers you must be very careful. Try directly contacting the manufacturer of the product and if they don’t directly sell, ask them for their truster dropshipping suppliers. Dropshipping supplier directories can give you reliable data on numerous reliable sellers for a nominal fee. You can use third-party tools. You can also use drop shipping marketplaces like Oberlo and Spocket, which come with a large catalog of products from thousands of reputable suppliers. This allows you to quickly source products while cutting back on some of the hassle and management. Many of these marketplaces also work seamlessly with e-commerce platforms like Shopify and WooCommerce for added convenience.
- Branding- branding your business means you form your own identity among the audience and stand out from others even if they are selling the same product. For this you might want to work the on the following measures:
- Developing a mission statement and brand story
- Developing your own website
- Writing your own product descriptions
- Having your logo
- Developing social media accounts and presence
- Deciding the sales platform- for this there are several options. You can host your own website and have complete control over how it operates and how your products and brand appears on it. Amazon is another very common option with a large traffic, however, it has listing and commission fees coupled with strong competition. eBay is also a good platform for this business, with great reach like Amazon if you’re wondering what is dropshipping store.
- You can also go for white labeling or private labeling the products you sell, meaning you put your own name or brand on them so that you can distinguish yourself from all the competitors selling the exact same thing. This allows you to avoid competing just on price.
- Last but not the least, customer service- while the customer might not always be right, good customer service is always a yes. To develop a strong loyal audience and have your business stand up, your customer service should be consistent, available, and helpful.
- Among the leading dropshipping suppliers, these four dominate the market: Wholesale Central, SaleHoo, Supplymedirect, and Aliexpress.
A great place to check for hot niches is big online e-commerce platforms like Amazon and eBay. Whatever items are on the bestseller lists there could be a great fit for the best dropshipping websites. But also keep an eye on trends you see on Facebook and other social networks.
Also, look for products that are in the news, and listen to the products your friends and family are talking about. During the holiday season, football season, back-to-school and other special times of the year, related products can do very well. Here is an experience guide to earning big using dropshipping and you can get more honest experiences here.
Check Out These YouTube Videos On What Is Dropshipping About and Does It Work?
How To Make Money Dropshipping? My Final Assessment
What I Do Like
- You can sell any product in any niche
- A prove business model used by industry giants such as Amazon
- No inventory storage needed
- No need for packing and shipping facilities
- No need for up front capital
What I Don’t Like
- Drop shipping fees is expensive
- Some drop ship suppliers are unreliable and inconsistent at times, so you are not in full control
What I Think About Drop Shipping
An online drop shipping business is a quick, easy, and low-risk way to start selling online. You won’t have to put up a bunch of money upfront on inventory that might not sell, your drop shipping partner will handle all deliveries to your customers. You also don’t need inventory so a lot of your problems are solved beforehand and entering this business isn’t that troublesome.
However, you will need to make sure you pick the right suppliers, are well knowledgeable about your niche, and invest in the right resources to develop the strategies to earn good profits despite the competition. I have provided you with all the tips and tricks needed to give you a boost start in this direction, begin now without wasting any time!
No matter what you decide upon, always remember that you might start out making some extra cash on the side – and later, with enough hard work and persistence, make a comfortable living out of it. The important thing is that you keep trying since investing your time and effort is all what dropshipping business is about.
“Only in persistence shall you find success.“
That’s a quote by me so please take it with a grain of salt 😋
Drop Shipping IS For…
- It is for people who can deal with clients and suppliers in a confident way.
- It is for people who loves e-commerce
- It is for people who are great at spotting trends, opportunities, and adapt quickly.
- It is for people who wish to attain financial freedom and spend more time counting their earnings than worrying about it.
Drop Shipping IS NOT For…
- It’s not for those wanting to get rich quick.
- It’s not for people who have no time.
- It’s not for those who are not willing to put in the work it takes.
Final Verdict About Drop Shipping
What is Dropshipping Store & Can I Make Money Dropshipping?
- There is NO Dropshipping SCAM.
- Dropshipping is great for gaining exposure and getting your first paycheck online
- It is definitely in the TOP FEW legitimate work home opportunities
Are There Any Good Alternatives?
Dropshipping is a great way to make money online at home depending upon your situation and the business model that you choose. However, there is another thing that I’d like to talk about. Have you ever heard of Affiliate Marketing? Why does everyone online seem to be doing affiliate marketing? What is it really about?
Well, let’s take a moment to understand the concept of affiliate marketing, shall we?
What is Affiliate Marketing?
So, let’s say that you just got into the online money-making scene and exploring your avenues? Well, let us tell you about the easiest way to make a paycheck online and that is affiliate marketing.
You basically get paid to promote the product of others. So, no skills, product, or even a brick-and-mortar setup is required. You just need your laptop and an internet connection. Could it be easier? Affiliate marketing has given us some millionaires and they call it the best business strategy in today’s online world. Check out the Top 5 of them:
Others like Bob Proctor, and Zig Ziglar, and Russel Brunson, and Dean Holland, and Brian Clark, and Ian Fernando, and Zac Johnson are all internet gurus who worked towards being the greatest today.
Imagine Working Anywhere, Anytime, and Making Money While You Sleep! That’s unbeatable, trust me.
And the money is GOOD. It’s not a side hustle we are talking about here. You can quit worrying about finances or losing your job. You would probably be spending more time counting your money and thinking of ways to spend it!
If you wish to understand a bit more about Affiliate Marketing, please check out the infographics in the short articles below!
As Always …
As an affiliate marketer, Dropshipping is a fine channel that you can utilize to make money online. If you have come this far in my what is dropshipping about and does it work article, please remember that only by taking positive action can you truly know what a program is like. I took the same plunge, a while before you, and I would not have been where I am today, had it not been for some wonderful programs that earn you good money.
Taking action is what counts for making money online. Only that can change your life.
Believe me, internet and social media marketing is a great way to go! It may take time to build up your system, but just like any good business, it cannot be built overnight.
The important thing is that you must join a program that is good, and learn exactly how to start making money online.
I Believe In Action
If you are still unimpressed with the best dropshipping websites, I suggest you do not take it up. Part of the deal is that you have to be completely convinced for it to be of value. The reason for that is that it is going to be you who has to implement the system. And if you are not sure, then you may not work on it like it is required.
But there is also this other program that I wish to talk to you about.
Pull Open the Curtains
My top recommended money-making system is a program called Wealthy Affiliate. It’s actually my #1 suggested program. According to my research, it is the easiest way to make money online.
Long ago, I took action by investing in and starting with a training course called Wealthy Affiliate. It is the ULTIMATE foundation course for learning affiliate marketing and getting your online business set up. It takes work, but if you work, so does the system. Completely GENUINE and easily the best training you can get online. And did I forget to mention, it is FREE to join, and not even a Credit Card is required.
I always talk about getting into a system that teaches you as well as helps you get set-up with a workable system that can earn you money. Well, that is exactly what Wealthy Affiliate is. It helps you to learn and put into practice what they teach side-by-side. By the time you finish the training course, you also have a website fully ready to make you money. Now that’s what I call a proper “money-making program”.
Wealthy Affiliate is not really a resource or a tool. It is a platform that trains you to become an affiliate marketer and also helps you side-by-side to set up a full-fledged business, while they take care of all the resources and tools that you need along the way. Find out what is Wealthy Affiliate about, and give it a go for FREE. It is, in fact, the best way to make money online.
Sign Up For Wealthy Affiliate
Wealthy Affiliate is totally FREE. Not even a credit card is required. They give you time to understand the Premium level of the program fully for 7 days, without spending anything. In addition, you get a website free along with hosting, security, SSL, and other benefits. Even after the 7 days free Premium trial is over, you can continue with the free website. Please go to the Wealthy Affiliate login here.
If you wish to upgrade to Premium later, you can do that as it obviously gives better tools & functionality within the platform. Or you can continue to learn and build your website, without paying anything at all.
You can check out my reviews or Signup for Wealthy Affiliate by clicking below:
If you have any contributions to make, or questions to ask, you can put them down in the comments below. I would love to hear from you.
Good luck with your dreams. Remember, the best way to make your dreams come true, is to wake up and follow them.
Regards,
FAQs
What are the best dropshipping websites?
AliExpress.
Suppliersdata.
SaleHoo.
Doba.
Wholesale2B.
Worldwide Brands.
Wholesale Central.
Your website can be in this list too! To know more about what is dropshipping store and how to make money dropshipping, check out the article above!
Can i make money dropshipping?
To know more about what is dropshipping store and how to make money dropshipping, check out the article above!
How to make money dropshipping?
To know more about what is dropshipping store and how to make money dropshipping, check out the article above!
What are top drop shipping products?
Tech Supplies. The tech industry is getting bigger with each passing day. . …
Lifestyle Niche. …
Beauty and Health. …
Drones And Accessories.
To know more about what is dropshipping store and how to make money dropshipping, check out the article above!
Why do most dropshippers fail?
To know more about what is dropshipping store and how to make money dropshipping, check out the article above!
How much do dropshippers make on average?
To know more about what is dropshipping store and how to make money dropshipping, check out the article above!
Do dropshippers pay taxes?
To know more about what is dropshipping store and how to make money dropshipping, check out the article above!
8 Comments
Tony
Hi APS, and thanks for the great article. I have been looking into dropshipping as late, as a way of supplementing my income. Unfortunately, I don’t have a great deal of time (with work and my affiliate marketing) Could I incorporate my current website for affiliate marketing into a dropshipping business? Thank you
Aps
I’m sure u can do that. It just depends on what your current site deals with, Tony.
Lizzy Stabel
Thank you for talking about dropshipping, because I was about to look it up online. I have been doing affiliate marketing for some time now, but I’m thinking about doing something extra.
You explain dropshipping quite well in this blog post, and I think it has answered all my questions on the topic. Now I think that I’m going to stay with affiliate marketing, because dropshipping looks quite complicated. Thank you for all the explications!
Aps
7 sources of income. All millionaires have 7 sources of income!
We gotta diversify, … really we do.
Matthew/Deloris
Thank you for letting us read about the best platform to make money online. Making money online is tough and needs to be taught in the right place, and that is Wealthy Affiliate. The training that you receive from them is awesome and up to date. You will get the skills you need to be successful.
E-commerce is a good place too but it will not allow you to do the things you can at WA. For those who are thinking of trying WA, you will not regret it.
She will show you what you need to know, just know that your in the right place at the right time.
Thank you again for the wonderful read.
Cheers,
Mathew&Deloris
Aps
Thank u so much M&D.
Nina
Great explanation of what is dropshipping. Shopify.com is a really great support site to start a business, of course, if you think carefully about what you want to sell, who you want to sell to, how much your target audience can pay for sales items, what are the trends, and all the great starting points under the questions you ask stated in the article. Really nicely explained and clearly written. Great article for all those who are thinking of starting a dropshipping business.
Friendly greeting,
Nina
Aps
Thank you for dropping by, Nina.