Dropshipping
Dropshipping is a simple business model where a retailer sells products that are handled and shipped by a third-party supplier. This means they don’t need to buy inventory upfront.
It’s a good choice for new entrepreneurs as it’s low-risk and allows testing of new products. However, success isn’t guaranteed. To make it work, you’ll need to:
- Learn to use Facebook or TikTok ads
- Partner with reliable suppliers
- Identify trending products
- Price your products well
- Automate order processing
- Handle chargebacks promptly
- Write clear return policies
- Offer excellent customer support
It might seem daunting, but it’s possible! I’ve built a dropshipping store earning $100,000 yearly. If you’re interested, I offer business coaching. Otherwise, check out my free guides below.