Starting a dropshipping company is one of the easiest ways to make money online in 2022.
Dropshipping has grown in popularity over the past decade, resulting in many regions being very competitive.
Learning how to start a dropshipping company, like any other kind of business, is not simple. Nonetheless, it is a wonderful first step into the professional world.
Even if you don’t have any items, you can sell to customers. You are not required to pay for anything in advance.
But don’t worry because in this article we will teach you how to Start A Dropshipping Business!
But before that…
This isn’t too different from most dropshipping courses.
Sure, their marketing makes some great promise you haven’t heard from the other dropshipping gurus, but at the end of the day, no magic bullet overcomes the massive pitfalls of this business model.
Let’s get something clear:
There is NOTHING passive about dropshipping, no matter how well most course creators sell the dream.
If you want that travel-the-world-making-money-while-you-sleep-laptop-lifestyle, dropshipping isn’t for you.
To run a successful dropshipping business, you need to be constantly on the lookout for new products.
Scouring the internet for hot trends and trying to find the next fidget spinner will take hours out of your day.
Not to mention, it’s not enough to just have the hot new product…
You also need to get the customers.
That means ads…
Lots and lots of ads…
Testing, tweaking, targeting, spending thousands if not tens of thousands of dollars before breaking even.
Not to mention, Facebook hates dropshipping, meaning one of your top traffic sources could shut you down at any time.
All of this leads to a very stressful life, not a lot of money, and a lot of time wasted.
Time that could be better spent so you can actually live the life you want.
Now, what if there was a way you could build a passive income stream that’s actually passive?
An income stream that doesn’t require:
- Physical Products
- Low Margins
- Long Wait Times
- Angry Customers
- Thousands of dollars testing different ad campaigns
An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000)?
An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day running ads, researching products, and trying not to get banned by whatever platforms you’re using?
If that sounds like something you’d be interested in, check out Digital Real Estate.
This is nothing like dropshipping, and that’s probably a good thing.
However, if you’d still like to know more about Dropshipping, keep reading.
What Is Dropshipping?
Understanding the dropshipping business model is crucial since it varies dramatically from traditional retail and eCommerce operations.
Dropshipping is a supply chain management strategy in which the retailer does not keep things but instead communicates customer orders and shipment data to the manufacturer, another retailer, or a wholesaler, who then delivers the goods directly to the consumer.
How To Start Dropshipping In 2022
Step 1: Select A Dropshipping Niche
How can you get started with dropshipping and create your own online store?
To start a dropshipping business shop, you must first decide on a niche. A niche is a market segment in which you specialize.
Bluetooth speakers, for example, have a major position in the home audio sector.
Outdoor, waterproof Bluetooth speakers are a sub-niche of the Bluetooth speaker category. You get the picture—the more specific your speciality, the better.
Step 2: Locate A Dropship Supplier
For many potential eCommerce entrepreneurs, the most challenging aspect of starting a dropshipping store is finding a reliable supplier or wholesale suppliers.
Dropshipping providers are responsible for keeping your goods in stock, maintaining product quality, and delivering orders to your consumers on time.
In the drop shipping industry, your most important business partner is your dropshipping supplier. Shipping costs are also essential.
Step 3: Obtain A Sales Tax ID
Assume you are launching a business in the United States or Canada.
In this situation, a sales tax identification, such as a retail or reseller’s license, tax ID, resale number, resale certificate, or vendor’s license is required.
Sales tax is a tax levied on all tangible goods sold to consumers, and it is typically 6-9 percent of the purchase price.
Most states need a tax ID, however Alaska, Delaware, Montana, New Hampshire, and Oregon do not.
Step 4: Select A Selling Platform
So you’ve decided on your products and dropshipping suppliers; now you need a place to sell and generate money while keeping your personal and company accounts separate.
Selecting the best selling platform or online marketplace for your business is vital to its success—but which platform is best for you?
You must decide if you want to sell things on an existing platform or start your own independent eCommerce store or brand. Let’s have a look at the advantages and disadvantages of different selling platforms and online marketplaces.
Step 5: Put A Customer Acquisition Strategy In Place
Now that you have a selling platform for your dropshipping businesses, you must attract customers to your online store.
This is where a customer acquisition strategy comes in. Customer acquisition is a persuasion-based talent to sell products. Consider it marketing and advertising.
Doesn’t it seem expensive? This does not have to be the case. You may acquire new customers in two ways: fast (paid) or gradually (free). These dropshipping business ideas will benefit over time.
Step 6: Scaling Your Dropshipping Business
As an online retailer, you should start seeing sales once you’ve set up your dropshipping business store and used some of the tactics outlined in Step 5.
Consider some of the future-proof ways you may apply as your eCommerce business expands to make your job as an owner less stressful and to prepare for additional orders to complete and consumers to please.
You can check out other dropshipping companies and look at additional dropshipping ideas. Dropshipping ecommerce businesses are more common than you may think, and might even be your next favorite online store.
Is Dropshipping A Scam?
So, is Dropshipping a scam? Not technically. You can make money with this program, but it’s definitely not as easy as the gurus makes it sound.
There’s a ton of work to be done upfront, no real guarantee of success, and – most importantly – you need to do a ton of volume to make any real money.
Now, there’s nothing wrong with front-loading the work and making the money later.
But if you’re grinding it out for 3 months, $3-5k in the hole on ads (because that whole “get started with $5 a day” thing is total BS) and then your reward is 15% profit on a $12 product (which comes out to $1.80), it’s not really worth it.
What if, instead, you could do that same 3 months of work (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month?
And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?
And what if you could double it next week?
Well, that’s the power of Digital Real Estate.
And, unlike dropshipping, you can legitimately do this from anywhere. It’s a true lifestyle business.
Your laptop and an internet connection is all you need.
Some of the most successful students in this program run their entire 6-figure businesses from:
- A camper in the middle of the woods
- A beach chair on the water in Mexico
- A small villa in Greece
They’re able to travel around, living their lives first, and focusing on their income second.
Because even if they stop working for an extended period of time, the money keeps coming in.
So adventure, memories, and experience are the top priority.
And they never have to worry about how to pay for the next trip, or consider asking for time off.
If this sounds more like the type of life you want to lead, just click here to find out more about Digital Real Estate.
Are There Alternatives To Dropshipping?
Yes, there are plenty of Dropshipping programs and resources to choose from if you want to pursue this business model. Here are just a few:
What Is My Top Recommendation In Making Money Online In 2022?
Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.
While there may be no “perfect business”, the research IS conclusive:
Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Real Estate is for you.
1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Real Estate business.
And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.
Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.
This is only possible if you have an income stream that’s not tied to your time.
2) You Own & Control EVERYTHING: With dropshipping, you don’t really own anything. You have no control over the quality of products. You don’t even own the products because they go straight from the supplier to the customer.
Yes, if you’ve got a Shopify store, you technically own that. But if every ad platform suits you down, you’ve got a store with no customers. Which is literally worthless.
With Digital Real Estate, you own the assets, which means you have all the power and all the control.
3) Little To No Startup Costs: It’s possible to get into Digital Real Estate with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.
Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.
4) No Inventory: Ok, so technically you don’t have to worry about inventory since you’re not filling up your garage or a warehouse with products.
But, you still have all the headaches of a physical products business.
Since most dropshipped products come from China, you already have a 2-3 week wait time from when a customer places an order.
But right now, with global supply chain issues, your customers would be lucky to get anything in less than a month.
Imagine finally landing your first customer after months of experimenting, and then getting hit with a refund request or chargeback because they had to wait 6 weeks to get their order.
With Digital Real Estate, a 100% online business, you never even have to think about that risk.
5) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).
Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.
Because you have more knowledge, more experience, more results, and more momentum.
If you wanted to double your income with dropshipping, you’d have to double your inventory, your profit margins, OR your average order value. And, guaranteed that’s a lot harder than a few clicks and a few minutes of your life.
6) Make Money Helping Real People: This part is what makes it all worth it. 99.9% of the time, dropshipping provides no value to anyone but the seller.
In a lot of cases, it has a negative impact on the customer because of poor product quality and an overall bad experience (i.e. waiting 6 weeks to get your order).
And that makes it pretty hard to sleep at night.
But with Digital Real Estate, you’re actually helping people by solving your clients’ biggest problem:
Small, local businesses need more customers, and with Digital Real Estate, you are unleashing a flood of happy, paying customers for these businesses.
You make money by helping them make money.
Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.
Once you see how Digital Real Estate makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.
Now, the choice is yours. You could continue browsing, looking at opportunities like Dropshipping which could one day make you money.
You could continue researching, never making a decision.
OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Real Estate.
A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.
All while genuinely helping real people who are grateful and happy to pay for it.
If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Real Estate.