Dropshipping for Dummies: How to Start a Dropshipping Business in 2021

Dropshipping is now a proven way to earn profits in the eCommerce industry. The business model provides a range of benefits that include a low barrier of entry


dropshipping for dummies
dropshipping for dummies

Dropshipping is now a proven way to earn profits in the eCommerce industry. The business model provides a range of benefits that include a low barrier of entry. You can quickly set up your business and sell products to earn handsome rewards and keep growing your business endlessly.

Today, we have a simple guide on dropshipping for dummies to help you get a better idea. Let’s start by sharing a few words on dropshipping.

What is Dropshipping?

Dropshipping is a business model where you sell products without managing or owning inventory. Dropshippers act as an intermediary to facilitate online purchases without ever handling products themselves.

As a result, you never need to worry about shipping or inventory costs.

How to become a Dropshipper?

You can start dropshipping today by following a few simple steps. The most crucial part of dropshipping is to find a product to sell. The rest of the process is fairly simple and involves no challenges.

Here are the steps to follow if you want to become a dropshipper:

Find Best-Selling Products

This is the most important section of our dropshipping for dummies guide. You need to find a product that has high demand, and people love to buy. The trick is to look for a product that has high demand but not many sellers.

You can research leading eCommerce platforms like Amazon and eBay to find products to sell. Our dropshipping tool WalletMonitor also helps you find the best products. We have a product scanner that tracks the best-selling products for you to sell online.

Find a Reliable Supplier

The next step is to find a supplier for your products. You can try platforms like Alibaba or other wholesale sites to get your supplier contact.

Next, you will have to get in touch with your supplier and work out an agreement. Your supplier should be able to directly ship goods to your customers without your involvement.

Create Product Listings

Now it’s time to find a place to sell your product. You can dropship on Amazon, eBay, and a number of eCommerce platforms. Sign up as a seller and create the listings for products you want to sell.

You can take the help of the WalletMonitor dropshipping software to automate your listings. It adds all product details like images and descriptions in a single click to save your effort.

You should price your products after including your profit margin. WalletMonitor can even assist you in auto-pricing your listings once you set the rules.

Next, we move on to the most exciting part of our dropshipping for dummies guide.

Make Your Sale

Customers will browse your product listings and buy your products. You will need to pass on the customer order details to your supplier for shipping the product. Make sure your customer information like delivery address is accurate to avoid any hassles.

You should also pay your supplier for the purchase and keep your profits. If you want, WalletMonitor can buy on your behalf and place an order with your supplier.

As you can see, dropshippers don’t need to handle the inventory. This simple fact makes dropshipping one of the best ways to earn money. You can also enjoy several other benefits that we will discuss in the next section of our dropshipping for dummies guide.

Why Should You Dropship in 2021

No Big Investment Required

Dropshipping doesn’t need you to make a large up-front investment. You don’t have to buy a batch of products to be able to start your business.

On the contrary, you can earn as you go with each order. Therefore, you can start your business virtually with zero investment.

No Storage or Overhead Costs

You don’t need to hold inventory when you dropship. As a result, you don’t need to buy or lease any storage space. In addition, you don’t have to spend on overheads or maintenance of your stock.

Dropshipping eliminates all of the expenses related to holding and managing inventory. Therefore, you can keep the profits to yourself and earn without any restrictions.

Low Risk

Any entrepreneur needs to assess the level of risk in a new venture. Thankfully, dropshipping is a business with almost negligible risks. The most significant cause is you never need to purchase inventory up-front in bulk.

Rather, you can pass on the order details to your supplier when you make a sale. You don’t have to entertain any risks of wastage or inventory remaining unsold.

No other business model offers such ease of operation and low risks as dropshipping.

Final Thoughts

We hope our dropshipping for dummies guide turned out to be helpful. Dropshipping is the new way of launching an eCommerce business and enjoying low risk and costs. You can also earn as you go and avoid all headaches that come with managing inventory. Plus, you always have tools like WalletMonitor to automate dropshipping and save time and effort.