5 Tips To Make Easy Money With Drop Shipping

Drop shipping is gaining in popularity because of the two distinct advantages it offers, the first being that no big investment is required to procure the products; the second benefit is that it creates a positive cash cycle as the buyer pays the seller in advance, while the seller pays the wholesaler through a credit card and the final payment is only made after the products are delivered.Thus, if you are also thinking of making money through drop shipping, you can follow the below mentioned tips and get started -
Instead of maintaining an office with employees, create a website that displays the products you want to sell. This is a twofold process. First you have to select the particular products that you want to sell. The product that you choose to offer is very important and if you choose the right product that is in demand all throughout the year, your business is sure to turn profitable. You can select your product by researching on the internet and choose one that is the most popular for example, healthcare products as well as household items. These two categories of items are always in demand. Second is finding out the wholesalers or manufacturers of the particular products. While finalizing a wholesaler, do some research about his reputation and the quality of products that he supplies. You can also place the first order for your own personal use. This would help you in assessing the quality, the delivery time and the condition in which the products are delivered.
Once the site is up and running, you can start marketing the website as well as the products you offer. There are many e-commerce sites where you can advertise your website and the products that you plan to sell. These sites are very popular and when you put up your websites and products at these sites, it would increase visibility of the products you want to showcase and would increase traffic at your own website which would eventually translate into orders.
Always check for a tracking number from the wholesaler. This will help you track the shipment and would also keep you in the loop when the products do get delivered. The tracking number would come in handy when the customer asks for the status and you would know, without relying on the wholesaler, the update and would be ready with an answer.
Be open with the customer. Let them know that you actually don’t have the products and that they will be shipped directly from the wholesaler. If there is going to be a delay in the delivery or if some problem arises with the shipment or the quality of the product, let the customer know as soon as possible. This would build trust between a customer and you and he would know that you will be there to answer all his queries. Be honest and truthful, this will build long and lasting relationships that would definitely help you in the future.
Follow the saying… don’t put all your eggs in one basket. Get into business with more than one manufacturer. By doing this, you will get an idea which wholesaler offers a better deal. And also, avoid a middleman. If possible, get in touch with the manufacturers directly.By following these simple tips, you are bound to see an increase in your profit turnovers.