A Newbie Guide To Online Dropshipping

Dropshipping is a venture where you serve as the middleman between the consumer and the wholesale distributor. It requires practically zero investment, and can be up and running in as little as a week. Let’s look at it step by step.

1. A customer agrees to buy a product that you are selling.
2. You tell the wholesale company that you sold one of their products.
3. The company ships the good and receives the sales price.
4. You earn commission off the sold good.

Notice that you experienced no sunk costs in this transaction: you simply served as the middleman between the supplier and buyer. You’re role is simply the salesperson, and your earnings are 100% commission off the products you sell. While this may not sound too great, remember that there are millionaire dropshippers all over the internet. This is because there is a limitless volume of products that you can sell- I’m talking tens of thousands of products. After all, you are personally only selling information.

You don’t necessarily need to identify a specific market that you want to work in, instead focus on finding a reliable and reputable supplier. Major retailers such as Ebay and Amazon are hotbeds for dropshippers, so expect intense competition if you go with those sites. While these websites are extremely difficult and daunting due to the saturation of the markets, those that persevere through it can see steady income that only grows with time. Applying for a Wholesale License is not too troublesome, and the major websites make it easy for you to get started.

The main thing you need to be when it comes to online dropshipping (as with all business), is to be wary. There are scam artists at every level between the consumer and the wholesale distributer, so make sure you go with a reputable source.

Remember that dropshipping is only one of many methods to develop a profitable online presence. For an introduction to other low-investment ventures that can earn thousands of dollars per month, check out my website at http://www.worksourcer.com. Most importantly: never give up, and good luck will follow.