What is drop shipping? In this video, I’m going to explain exactly how drop shipping works, show you how to find drop shippers for your products, and give solutions to some common problems associated with drop shipping.
Many people shy away from starting an online store because of the initial start-up costs. But imagine if someone offered to pay your up-front inventory costs on thousands of items and manage all your shipping and fulfillment operations for you. It’d be much easier to get started, and you could run your business from anywhere in the world.
Your 5 Step Guide to starting a drop shipping business
Step 1: Find a supplier!
You need to explore a few different possible suppliers. Try our Directory which is full of reputable sellers stocking a wide range of products from cosmetics to farming equipment.
For local suppliers, try flicking through your Yellow Pages in the Wholesale or Suppliers sections. Look for ones who have plenty of experience in drop shipping and who understand the importance of sending out your items in a timely manner.
Step 2: Select products and find the best selling ones
This step could also be Step 1 those who know exactly what they want to sell. Start by trawling through your supplier’s product range and pick out a few items which interest you and do some market research.
Step 3: Get a tax ID
Not all eBay sellers need a tax ID (also known as retail or resellers license, tax ID, resale number resale certificate or vendor’s license) but some wholesale suppliers require you to have one before they will do business with you.
Step 4: Choose a selling platform
The obvious selling platform is eBay but there are plenty of other online auction sites out there which are growing rapidly and getting a lot of traffic (and some are even fee-free or much cheaper to use than eBay!)
Step 5: Manage your listings
When drop shipping, you will list your items in the same way you would if you had the stock on hand, but when selling on eBay (and some other sites, you must check individual policies), you must disclose in your listing to all potential buyers the location of your item.
Sound too good to be true? Well, it’s not, if you know about drop shipping.
0:43 What is Drop Shipping?
1:12 The Benefits of Drop Shipping
2:05 How Do I Find Drop Shipping Wholesalers?
3:02 How to Use Google to Find Wholesalers
3:56 Drop Shipping Challenges
6:18 The Final Word on Drop Shipping
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