In this video, I will show you a step-by-step process to go through when trying to make money from dropshipping online.
Dropshipping is a great home based business option that can make a lot of money with very little maintenance if done correctly because you never even have to handle the products or shipping yourself.
Enjoy the video and let me know what you think in the comments below!
Here are the processes and resources I recommend for making money from a dropshipping business:
1. Make sure you have a business entity
Having an LLC or Corporation tax structure is extremely beneficial and will help protect your from whatever liability comes with your dropshipping business.
Helpful resources:
2. Find a good supplier
There are many great suppliers, but you may want to go with one in the same country as you (or where the majority of your customers are) to help with faster shipping.
Helpful resources:
3. Research products extensively
Find products that you could mark significantly while still being very competitive.
Helpful resources:
4. Go after the right potential buyers
Buyers who are either hobbyists, businesses, or repeat buyers are who you should target.
5. Sell stuff that ships free from supplier
Free shipping is almost a must when it comes to maximizing your profit from dropshipping.
Helpful resources:
- Amazon Prime
- Walmart with free 2 day shipping on orders $35+
6. Find the best place to sell online for your situation
This will all depend on how much you want to get your own traffic and what you're willing to give up to eCommerce websites to sell with them.
Helpful resources:
7. Use cash back, rewards cards, etc. if possible
These can help you increase your margins by 5-10% potentially.
Helpful resources:
- Ebates
- Ibotta – Use this referral code at signup and get your $10 signup bonus: hbabpjp
- Amazon rewards credit cards
8. Make your offer better than competition by far
One way to get more sales as well as happy customers is to give away information like how-to guides, tutorials, ebooks, and bonuses along with your products. Don't forget to make your sales pages better too.
9. Automate as much as possible and supply good support
You don't want to do dropshipping if you have to work day and night. Also, for the few people that need customer support, make sure they have a good experience.
Helpful resources:
Previous videos
- 8 Work at Home Job Ideas That Won’t Be Replaced By Tech
- How to Sell Books on Amazon Kindle for Free 2017
- How to Promote Your YouTube Videos Without Investment 2017
- 7 YouTube Business Ideas 2017
- How to Make Money Online Sharing Links
7 replies to "How to Make Money Dropshipping Online in 2017"
Dear Justin I just want to say that I’m very impress with your videos, they are very informative and they way you present the information is very easy to understand and follow your suggestions. You are amazing, thank you for sharing your knowledge. Hope
Hey man , my name is terrell rivas and i am 19 years old and im looking to becoming financially stable, i just finished watching your 32 minute video on 18 pasive income ideas and i sill need help ! I want to make money from home i just need to know where to start or that first step push. If you have any time a hour or 30 mins or whenever and you could talk yo me and help me out that’d be awesome. Im gonna continue to waych these vids but i really think i need that push that baby step
Hi Justin,
Thank you very much for the info on drop shipping.
My concern is i am residing in Botswana, Africa,would this benefit me?
Kind Regards
I got so much out of watching your video. I will be drop shipping as soon as l learn everything there is. If you have any other videos or information for me, please email me. I have a daughter that is paralyze and I’m her main caregiver and l need a good income. Thank you for the information in your video.
Great post! Really helpful…continue your great work Bryant!
Thank you For your best words really amazing article thank you so much.
Glad you liked it!