Another secret to making money online with no special skill! Yes, you heard it right, it’s dropshipping. How does it work? And, how you can become a billionaire with it? Let’s try to understand!
There are a lot of people like you and me who just forget about the most simple way to make money online. Yes, it’s not easy here to make money on the Internet because of the competition and time. There are plenty of ways to earn money online and they all are perfect in their own way. But, the great thing is that you can make money by selling a product.
Yes, if you are there selling a product you can sell it for any damm price as long as you can sell it. But, the important thing is to have a product as you are about to sell it. Yes, manufacture a product and then start selling it.
What is Dropshipping?
But, here is Dropshipping solving this problem where you don’t have to manufacture anything and yet you can sell it for any damm price. Dropshipping is something where you purchase a product and deliver it to some other buyer for a profit. You are not actually buying anything here. All you are doing is receiving an order from the buyer and then placing another order from the place you are buying it.
How to Make Money with Dropshipping?
So, it’s very clear that you are just dropping and shipping a product here in Dropshipping. Let’s make it even simple. You are buying a product and then selling it without actually buying it. You have a seller from where you are buying a product and now you will have to find a buyer who can buy your product.
Now, it’s up to you how you want to make money with Dropshipping. The concept is very simple selling. And, you can sell it for any price you want. You can do it with the help of social media, email marketing, or any other way. But, the most popular one is by setting up an e-commerce site.
Yes, most of the people doing dropshipping set up their own e-commerce website with Shopify and start selling it. So, now, let’s talk about how to make money with Dropshipping?
- First things first you need to decide your niche. You should figure out the type of products that you want to sell with dropshipping.
- Once you have decided your niche then start working out the products that you want to sell. You may choose a product or multiple products for your store.
- Now, get a brand name for your store. It should be such that it reflects your products and company. And, then get a domain name for your store.
- Now, you have a domain name for your store so get a hosting space on Shopify and install a store.
- Once your store is live, list down the products that you want to sell.
- And, then you can also install Payment Gateway to receive payments like Stripe or Paypal. But, nowadays UPI is solving this issue for the Indian market.
- You can get a lot of products from AliExpress or Banggood etc.
So, this is how you make money with Dropshipping. It’s simple to get a product and start selling it in any possible way.