In this article, we’re taking a deep dive into how to make money dropshipping in 2019.
So don’t go away.
Something big is happening in our world of work these days.
From all walks of life, culture and all ages.
We all want to start a business online.
We are all looking for ways to earn a second passive stream of income.
And dropshipping is one of the lucrative businesses dominating the e-commerce sphere.
See the Google trend results for a worldwide search for the term “dropshiping” below
Looking at the trend, there’s no doubt this module is gaining traction from both entrant and industry players worldwide.
And the trend is not coming down anytime soon. This is why you should join while it’s still hot.
Almost every successful affiliate marketer I know is one way or another building an ecommerce business.
And dropshiping is their primary focus.
Because there’s lot of money to be made. Since the trend is not coming down anytime soon.
However, if you’re new to this business model let’s learn what it is and how it works.
So we will all be on the same page.
Table of Contents
- 1 What is Drop Shipping?
- 2 How does dropshipping works?
- 3 What does it really mean to make money dropshiping?
- 4 Principle #1: Drop Shipping Is A Journey Not A Destination.
- 5 Principle #2: Invest in yourself through dropshiping Education
- 6 Principle #3: Your thoughts and actions will make and unmake your dropshiping business.
- 7 Principle #4: Learn to Dominate your niche, never Compete in it.
- 8 Principle #5: Avoid Mistargeting
- 9 Other Useful Resources
- 10 Conclusion
What is Drop Shipping?
As in retail business, the majority of retailers make their profit on the difference between the wholesale and retail price, but some retailers earn an agreed percentage of the sales in commission, paid by the wholesaler to the retailer.
How does dropshipping works?
Dropshiping works best when you have your own webstore.
Since you’re not going to keep inventory of the physical products.
As seen in most brick and mortar stores.
Your online store is serving as your display stand where your customers will view and place order for the products on display.
Ones you generate an order from your virtual display stand ( your drop shipping website).
You then forward your customers order and shipping information to your supplier.
The manufacturer then fulfill your customers orders on your behalf.
You keep the difference (wholesale price – retail price = your profit) in price as your profit.
Rinse and repeat the process and the sky is only the limit.
Our core duty as dropshippers is to effectively manage customer service, help resolve refund issues and making your angry customers happy.
Remember to introduce yourself to the manufacturer as you’re drop shipping their products.
So they don’t ship out your customers order with any promotional material from their company.
Likewise revealing the real wholesale price of the said product to your customers accidentally.
Wow, this business is awesome, and easy to make money online. But I don’t have a website yet, neither do I know how to create one.
What should I do? Simple.
If this business is for you, then I have good news to share with you.
There is one company AliDropship that I one hundred percent recommend to you that will take care of all of your drop shipping heavy lifting.
If you’re new or non techie in creating a website. It’s high time you outsource from AliDropship.com
Since you’re building a lifetime business, mistakes should be your #1 enemy.
Their rates starts at $299 to $899, depending on your need.
Why don’t you give them a try and thank me later.
Remember, l only recommend products and services l have prior experience with.
So your money is in safe keeping.
They are tried and tested. Get your own dropshipping business with up to 2000% profit today.
Dropshipping is an easy, yet very tricky online business which must be taking with all seriousness.
Most dropshippers fail because they only focus on the revenue or monetary gains their business will bring.
Yet, downplaying the amount of work they have to put in before attaining such financial goals.
There’s an earlier guide here which will educate you on how to:
- Choose a niche
- Market research
- Keyword research
- Finding Dropshiping websites
- Where to find verified suppliers
- Pitfalls to avoid
- So much more
Check this great resource out when you’re free to launch a profitable dropshiping business in 2019.
Also, if you’re good with WordPress and can build a website from scratch. Then it’s, important you get this alidropship plugin that can leterally transform any WordPress website into a full functional e-commerce website at $89.00 today.
What does it really mean to make money dropshiping?
How to make money dropshipping online is the dream of every entrepreneur. But what does it really take to earn money from your drop shipping business online.
I know you’re here to read about a black hack tactic and tricks that will fast track your dropshipping business success.
I’m sorry to disappoint you today. Because, this article is not for you.
This guide is written for entrepreneurs who are willing to rethink and act differently towards building their lifelong dropshipping business.
Whenever a person limits the amount of work they need to get a job done effectively, he or she reduces the efforts needed to get things done the right way.
This plays out in 4 out of 5 in every scenario. Consequently, they resort to the get rich quick phenomena.
This tutorials is not intended to teach you how to create a drop shipping store.
Rather, it’s intended to help you understand the Work load needed to be a successful drop shipper in 2019.
It’s going to me a long ride, so grab your coffee and read on.
If you’re going to make money from this ancient wisdom dropshipping business.
Then you have to take your thoughts and actions seriously.
Underestimating these factors will ruin your chances of making money from your drop shipping efforts.
So the following principles serves as your guiding post.
Principle #1: Drop Shipping Is A Journey Not A Destination.
Many entrant level online entrepreneurs perceive online business as running a sprint (thus dreaming of overnight success).
But the truth is, it’s rather, a marathon (a lifetime project which needs lots of practice, testing and patience) you’re running.
Forget about what you have read online about someone’s flashy success.
What they fail to talk about is the amount of energy they’ve burnt before reaching that stage.
Envision your drop shipping business as when you first met your wife.
How you got her to date you. Before accepting to marry you. That is the kind of patience you need to building any successful business.
Amazon.com was born in 1994. Yet, Jeff Benzo has still stick with it till today. With his persistence and focus, today he’s now the richest man on the planet.
Secondly, you can view your drop shipping store as building your dream house. The amount of work you put in before identifying and securing the land.
The architectural designs and the hiring of a competent contractor all requires tremendous amount of time, thinking and action.
All in all, if you see building a dropshipping business through the same microscope, there’s no way you’re going to fail.
Nevertheless, if you underestimate these factors you will be adding up to the numerous failing dropshipers online saying “dropshiping is dead”.
Principle #2: Invest in yourself through dropshiping Education
The most richest man on Earth is not the one with deep pockets rather the one with information. But is relevant to note that knowledge in the hands of people who don’t use it is wealthless.
Every industry has it own language. So in other to be successful in the world of ecommerce, you have to spend lots of time learning the language of the industry.
More often than not, we fail to learn and base our judgment on hear say from some guru’s perceiving to be expert in an industry they themselves do not understand.
There are also free course on udemy.com too, try checking it out.
However, if you have the luxury of time, there’s an alternative.
The search oracle (Google) has unlimited FREE resources you can digest. But if you think educating yourself is expensive try ignorance.
And your life savings will be going down the drain while you watch.
Principle #3: Your thoughts and actions will make and unmake your dropshiping business.
We often fail in every aspect of our lives and career because of how we underestimate the power of our thoughts and action.
Your current financial situation is predetermined by the amount of actions taken and the quality of your thinking.
Many of us down play these factors and pay the ultimate price later.
To make money dropshiping in 2019, then you have to spend hundreds of hours thinking about your business and at least 12 hours daily working on your dropshiping business.
Whenever you underrate any of these factors, you’re likely going to reduce the amount of energy needed to get productive.
Principle #4: Learn to Dominate your niche, never Compete in it.
Let me tell you a story, there lived two eagles in a jungle.
One was so jealous of the other that, everytime it sees the other eagle flying gloriously, the jealous eagle pulls it feathers, use it as an arrow and shoot at the other.
Unfortunately it’s missed.
It kept pulling and shooting until it became naked.
You and I are the eagles. We’re the jealous eagle and your competition is the eagle flying gloriously.
As they are busy building their business and future, what do we do? We often glear at them with hate.
Instead of us focusing on what we’re doing. And to find ways of getting better at it, we get caught ball watching.
Instead, we spend quality time watching what others are doing.
Trying to copy and steal their tactics instead of the other way around.
I’m not against you learning the best practices in your industry.
Because there’s nothing new under the sun, rather it’s ideal you learn and polish their tactics making them your own.
In all your learning remember to reverse engineer what they think they’re doing right.
No matter the niche you decide to build your dropshiping business in, it’s your duty to spend quality time dominating rather than competing.
Principle #5: Avoid Mistargeting
Mistargeting is one of the reasons why 9 out of 10 dropshippers fail to make any sales in their business venture.
This guiding principle is here to help you set and achieve realistic goals.
If you really want to make 2019 your to achieve all your financial goals.
When starting your dropshiping business, it’s a taboo to set too little target.
Also it’s unwise to set too high targets.
Setting below the belt goals when achieved, you will end up feeling unsatisfied wishing you had gone for a higher goal.
Similarly, when you set goals that are too high for you to attain, you will end up abonding the dream.
So to win in the business of dropshipping it’s paramount you avoid setting too low or too high targets.
This will increase the free flow of adrenaline in your system to hit your target.
At the beginning of every year, companies sets quarterly sales target for it’s personnel.
When they see that their goals are unachievable, what do cooperate heads do?
They hold meeting upon meetings to cut down on the earlier targets. Just to keep the team motivated.
Does success mean bringing the finishing line closer in other to feel good? Certainly not.
Rather, face your fears by doing more and accomplishing more.
In 2019, approach your financial goals with the mindset to do more in other to accomplish more.
Such is the nature and mental thoughness you must develop when starting your online dropshipping business.
Other Useful Resources
How to make money online with dropshipping is very doable in 2019.
But, its your prerogative to get the fundamentals right else you’re not going to make any money online.
Most online entrepreneurs focus all their efforts on niche selection, products to sell on their ecommerce site, how to create a fancy looking website, keyword research, Search engine optimization and marketing efforts.
That’s the traditional way or let’s say the sermon our gurus preachers give everyday. Yet it’s not making them any money.
I’m not asking you to neglect those practices, if you do you’re doing a disservice to yourself and the business you’re building
Although, these are very important but not as relevant as the principles discussed here in this guide.
If you genuinely want to succeed and rake in greenbacks with dropshipping business.
Do you know or have additional proven method you’re using to make huge money dropshipping?
let us know in the comments section below.
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