If you’re asking this question, you probably don’t have a clue how big a deal drop shipping actually is, and that’s OK. Fake YouTube gurus did a great job of destroying the industry’s credibility. The concept of buying Instagram ads and “flipping” a product is played out, and many people don’t believe it’s possible due to the number of scammers and inflated-sales-number gurus out there. All that being said, drop shipping is still a viable business model, and it’s absolutely one that you should be employing in 2024, especially if you’re new to ecommerce. Not many people know it, but almost a quarter of all ecommerce sales are fulfilled through drop shipping.
What Exactly Is Drop Shipping?
Drop shipping is business model in which someone markets an online product, selling it as if it were their own. In truth, the drop shipper doesn’t keep anything in stock. He simply copies the order information-either manually or with software and sends it to the supplier along with a payment. The supplier is then in charge of fulfilling the product. The drop shipper keeps 5–25% of the sale price. Drop shipping works well as a model for those with a small budget-you can promote products for free and then scale with ads.
How Much Money Can You Make Drop shipping?
With drop shipping, the sky is the limit. It may be hard to believe, but ecommerce is trillion-dollar industry globally. It’s possible to make money from drop shipping with little marketing, so if your product goes viral, you could be looking at fairly high margins. In practice, you’ll probably be buying ads. This is risky, but the upside is that you can make thousands of dollars per day doing this. Once you’ve found a way to turn a profit with ads, you’ve discovered a money machine. You can make millions of dollars per month drop shipping. At the low end, you’ll make nothing. This is if you just set up a shop without doing any marketing.
Why Are People Saying Drop Shipping Is Dead?
People are saying drop shipping is dead because everybody knows about drop shipping now, whereas they didn’t before. It’s really that simple. As word about drop shipping has spread, so has misinformation. Scammers and people selling false narratives have led to a lot of people trying their hand at drop shipping and failing miserably. This leads people to thinking that the industry is “saturated” and overly competitive. In reality, they simply weren’t doing things properly.
So, is drop shipping actually dead?
Drop shipping isn’t dead, and it hasn’t gotten oversaturated. Ecommerce is one of the world’s fastest growing industries, and drop shipping is simply a matter of marketing along with the wishes of the business owner. Some t shirt companies are drop shipping operations; others aren’t. Either way, drop shipping remains and will remain a viable method of making money online for a long time.
How Can I Make Money Drop Shipping?
All in all, it depends what type of website you would like to run. The easiest way to start drop shipping is to create a Shopify site and find a supplier through one of the major drop shipping directories, which you can find by searching online. From there, you can mass import products from a niche. The next step is content marketing. This involves creating content directly related to your product niche and allowing it to sit online. This will help your website in the search rankings and give your customers content to interact with and share to other potential buyers. Once you have your content ready, it’s time to buy ads. There are a few advertising platforms you can use. The main one is Facebook, because it has a large audience of middle-aged Americans. YouTube, Google, Instagram, and Tiktok are all platforms that you can advtertise on. Which one you choose will depend on the nature of your business.
All in all, drop shipping is a business model. It’s as alive or dead as you make it, and there is certainly a lot of money to be made. Once you know how to use the internet, it’s impossible to remain completely destitute.
