Over the past five years, dropshipping has been growing in popularity. And why wouldn’t it be? With ecommerce sales expected to reach $4 trillion by 2020, more entrepreneurs are looking for an easy way to get into the industry and to make money from home.
Dropshipping is the perfect solution.
It’s low risk and high reward. Especially since you can sell products without having to store boxes of inventory in your basement. No inventory to carry means you can sell higher quantities without having to wait for shipments to arrive. It also means you only pay for the products you sell to customers.
Since you’re not spending time packaging and shipping out products every day, you can earn passive income. It’s a great way to start making money online.
So, you’re probably wondering, ‘what’s the catch?’
Right now, dropshipping is still under the radar. But in a few years, everyone’s gonna be doing it – and it’ll be A LOT harder to start.
Why You Should Become an Online Store Owner
High reward: When you market the right product to the right customer you could earn money online. Once you start figuring out your best selling products, you’ll be able to scale quickly to reach higher levels of income.
Passive Income: While you’ll still need to do some light work like processing orders, marketing and customer service, it’s a pretty passive way to make money from home. Importing products from AliExpress or Oberlo Supply can be done in one click. And so can processing orders. Most of the other money making ideas on this list require trading time for money to make money fast. You’ll be able to do the work casually on evenings and weekends making it perfect for those who still have full-time jobs, new parents or caregivers.
It’s scalable: Today, you’re probably thinking about making enough money to pay rent or put food on the table. But why live paycheck to paycheck when you can create a sustainable business that allows you to make money from home while you potentially make more than you do at your 9 to 5 job. Since you don’t trade time for money, you can earn money online while you sleep. As you start creating better ads and marketing more popular products, you can spend more on ads to make more money. If you hate how much money you make and want to dream big again, this is one of the best money making ideas around. And the best part is, you’ll end up learning how to make money from home.
How to Make Money Online with Dropshipping:
Oberlo is the number 1 dropshipping platform in the world.
Since you need money now, the Forever Free Starter Plan allows you to start an online store for free. Shopify also has a free trial for those new to ecommerce.
Oberlo allows you to do one click product imports and order processing. You don’t need to package or ship products as suppliers will take care of that for you. All you need is Oberlo to do that.
The app also includes its own collection of products, Oberlo Supply, where you’ll find the most popular and best quality products to sell.
You can easily manage inventory and price updates. You can choose which styles you want to add and which you don’t.
Choosing products with ePacket shipping, the fastest affordable international shipping method, is easy with Oberlo.
If you’re unhappy with a supplier, you can still sell the same product with a different one easily.
On the Shopify App Store, Oberlo has over 2,000 five star reviews making it the most installed product sourcing app on Shopify right now.
How to Make Money Fast :
This is an affordable way to earn money online within days of launching. It works like a charm. Create a retargeting ad for your online store. You can use an app like Shoelace if you don’t know how to create one. At the same time, you need to pump out a ton of blog content. Write blog posts over 1500 words. In each article, you’ll want to mention an influencer. You could do a quotes article such as ‘15 Quotes from [influencer]’ or a tips article like ‘15 [niche] Experts Share their best [niche] tips.’ Stick to influencers with medium sized audiences. Influencers with millions of fans probably won’t share your link. However, someone with a smaller audience may love being featured and share it. You can even post a request for experts on HARO and ask them to share your article since you’ll have their contact information. The retargeting ad is much cheaper than a standard product ad. However, to achieve success, you’ll need the traffic from the relevant niche influencers. When retargeting your audience, you need to create an ad of your best selling product or a really attention grabbing one. You’ll want to have the ad running before you do outreach so you don’t miss any of the traffic from the shares.
Host a giveaway on your store. Run a Facebook ad to a giveaway landing page on your store. Use a tool like Rafflecopter to add multiple contest entries like sharing on Facebook, Twitter, and more. You want this giveaway to get maximum reach. You’ll want to make sure you have a retargeting ad running on your store at the same time. The retargeting ad isn’t going to be the only way you’ll monetize the contest though. When sending high numbers of traffic to your website, you always want to have a retargeting ad running. The giveaway page has to be located on your store website – do not put it on another site or on social media. Otherwise retargeting won’t work. After the contest for the giveaway prize has ended, you’ll send the winner the prize they won. However, you’ll also send everyone who lost a runner up prize. The runner up prize can be a $5 gift card for your store. Make sure that all of your products cost over $30 and have more than $15 profit so you don’t lose money. The gift card almost acts like a discount code.
Sell your online store. If you’re desperate to make money online, you can build an online store to sell for a profit. If you create a beautiful store, include well-written copy, create a successful ad to land your first few sales, you may be able to sell it. You can use Shopify’s Exchange platform to sell your online store to other entrepreneurs. That’s just another way to make money fast.
Deepak Kansakar
