Before we jump to learning how to make money through dropshipping, we should learn what it means. If you reached this site while specifically searching for dropshipping, you can skip the next part and go straight to the steps, but if you are still discovering different ways of earning a lot of money online, you should start from the basics.
What is Dropshipping?
Dropshipping is a very popular business model and is only growing in popularity with ease passing day. In this model, you simply become the middleman who takes orders for different products while the main company ships the products directly to the buyer. With each purchase, you get a certain amount of money, usually the profit.
The business has garnered a lot of interest because it does not involve any logistics. All you need is a good website and the right product(s).
How to Earn $10000 a Month by Dropshipping ?
It only takes 4-5 steps to start earning but remember, the entire process may take some time and patience. Read on:
1. Start by creating your own website. A website will help you collect the orders and pass them on to the respective brand. Instead of building a website from scratch, just use Shopify. It will help you save a lot of money. Now, what you should remember here is that you can’t just pick a product and start making money. You should strategize and pick a niche that really interests you. It could be sports or beauty, health or toys, anything. There is no “best” niche that you are obligated to pick. Your interest and experience play an important role here.
2. Now that you have your niche sorted check which product(s) you are interested in selling. You may not find the right product in the first attempt, of course. It takes trial and error to understand what works and what does not. Keep in mind that only a few of your products or just one product will earn most of the money for you, but it is always good to have options. If you are choosing Aliexpress or Amazon, you can go through seller ratings and reviews to understand which may sell the best.
3. Work on making your product listing descriptive. People want to know what they are buying. Barley anyone just picks up a product without adequate research and understanding. Optimize your listing, thus, and make it attractive. Write a good product description and use multiple images. Since users cannot physically see the products, they will rely on sight to help them decide.
4. Start running ads on various social media platforms. Your biggest platforms today are Instagram and Facebook. You can start with a small budget after choosing your target audience and then make changes based on the analytics. After a few weeks, you will understand what is doing well, and you can increase your budgets accordingly. There is no written formula here because metrics depend on the type of product, audience, etc.
Try and learn!
Once everything is set up, watch the progress slowly, optimize, and scale up! Keep a close eye on the numbers because that’s how you will know what steps to take next.
Dropshipping is a genius business model because it does not require capital to get started. You just need to have a lot of patience along with interest to take this up. All the best!