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More Online Money Making Methods

Greatest Return Potential Greatest Risk / Effort Required

Make Money Dropshipping ...

Dropshipping is when you sell products online and then forward the orders to a dropshipping company who then ships the product to your customer. You act as the middleman between the dropshipping company and your customer. Your profit is generated on the difference between your selling price and the price the dropshipping supplier charges you.

There are a number of ways to find your customers. This could be by creating your own website, email marketing, selling on eBay and just about anything else.

The advantages of drop-shipping are that:
 

  • You don’t have to worry about managing inventory, warehousing, shipping, equipment, employees and office space

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      • You don’t need to invest money in the product as you pay for the item only when it is sold and the customer pays you

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          • You can sell whatever quantity suits you

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              • Your drop-shipper will supply you with necessary product image and specification.

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                  • You set your only selling price

Dropshipping can be very profitable, but as with any business, you need to research the market you are targeting. Try to find a niche and plan how you will target this niche.

The things to take extra note of with regards to dropshipping are:
 

  • What you are charged for the products. Shop around to see what other dropshipping companies are charging

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      • What the dropshipping company’s returns and refund policy is. You don’t want to be in a situation where customers want a refund and when your dropshipper doesn’t accommodate this (unless you explicitly specify no refunds - unless faulty)

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          • Customer support issues. Be sure that your dropshipper is able to provide all the information you need on the products and more, if required

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