Start-Over Success Business Under $2,000:
Drop Shipping

Online shopping is at an all-time high. Customers love the convenience and opportunity of finding what they want to buy delivered to their door. Without looking all over town or even leaving the house, consumers are buying more than ever. 

Want to cash in?

With no storefront, inventory, or product deliveries to make, Drop Shipping might be the business for you. 

But, it’s not as easy as some people try to make it look. Some say, “Just do a viral video for Tik Tok, and the sales will pour in.” Yeah, right.

If you follow good advice and do what it takes, with patience and persistence, you may build the success you want. 

How Much Can You Make Drop Shipping?

You can make a lot…or not. It depends on your products, marketing, customer experience, and tenacity. 

You can set your goal at earning $1-$10k/mo after 6 months. But it will take doing the right things – and a little luck – to get there. 

One of the great things about drop shipping is, 
– you don’t buy any inventory upfront
– you don’t fulfill orders

But, dropshipping is not a walk in the park. There’s lots of competition and risk.

EXAMPLES

What Does it Cost to Start Drop Shipping on Shopify?

– You can start for under $2.000. You can start for much less if you don’t check out products before you list them, use paid advertising, or use apps to improve customer experience, but that’s just not a good business plan. 

– Find products to sell ($0)
– Order sample products (from your supplier or Amazon) so you can check the quality, and take pictures to post on your social media. ($50-$200 Cost of product)
– Buy a general domain name, so you can test different products
– Get professional-looking images, videos, and descriptions with emotional triggers – that will boost your sales.  Learn How (You can get images, descriptions, and videos from suppliers, but they probably won’t be great and won’t sell. Do NOT use assets from other retailers, that’s illegal copyright infringement.)
– Post videos (and images & stories) on Tik Tok, Instagram, and/or Facebook, depending on your niche and market.
– Build your Shopify store with free theme ($3/3 mos, then $39/mo)
– Promote on Social Media with links to your store ($0)
– Use paid ads to drive traffic. ($50/day $700/2 wks)

2-Week Test Subtotal $751

Once you find a product you think will sell…
SEE MORE COSTS BELOW

You Set Up Your Store for $1, But Getting People to Your Store...

Find a Product to Sell >>>

1) Download ECom Radar chrome extension ($0)

(EComFreedom.com)

2) Alexa Site Rank – learn about competitor’s product site. 

3) Google search, “Amazon movers and shakers list.”
– Choose a category.
– Use Jungle Scout Chrome Extension ($29/mo) to see how well listed products are selling. 
– Scroll down, under the product you’re looking at, “Into the Rabbit Hole,” and see what additional products are listed. 

You need to find a product that will sell with enough markup to cover all your costs and leave you with a worthwhile profit.

A typical profit is 30-45%

YouTuber & eCommerce sales expert, Dam Vas

How To Start Your Drop Shipping Store w Shopify

Take Shopify’s class, no need to pay hundreds or thousands for someone else’s course. 

  1. Find a product that looks promising (see above).
  2. Find dropshipping suppliers on AliExpress.
  3. Prepare the questions you’ll ask suppliers.
  4. Get a general domain name.
  5. Create your branded online general store.
  6. Promote your new dropshipping business.
  7. Get your first order.
  8. Provide a top-notch customer experience.

Spend More to Quickly Make More

Once you find a product you think will sell:

  • Reach micro-influencers in your niche; offer to send your product for their review, (and to post on their site). Send to 30 influencers to get 30 reviews. ($500-$2,000)
  • After test ads, continue with ads at $50/day, with a projected return of 3 to 4 times your ad spend. ($1,500/mo)
  • Custom email address, G Suite ($3/mo)
  • Use Shopify’s paid apps ($5-$30/mo per app):
    – HelpCenter, FAQ & help
    – Loox, product review
    – Klaviyo, email & SMS forms
    – SMS Bump, 1.5c per message (up to $30/mo)
  • Optional apps:
    – Gorgias, live chat & help desk ($60/mo)
    – Lucky Orange, see activity on page ($0-10/mo)
    – GemPages, page builder ($15-30/mo
    – One Click Upsell ($25/mo)
    – Sticky Add to Cart ($7)
    – Tracktor Order Tracking ($6/mo)


    TOTAL MONTHLY COSTS $1,864 

Low Barriers to Entry, But...

Because it can be such a low cost to start, competition is high. When you find a good product to sell, there may be many other offers just like it.

Some people try many products before they find one that’s profitable. It’s $751 to test a product for two weeks. How many weeks will you – or can you afford to – keep trying, with no guarantee of returns? As many as it takes? If you think you can start cheaply and win, think again. 

It makes sense to start with $10,000 so you can continue feeding your business until it wins. If your first try doesn’t make money, you’re out of the game, unless you can fund the next product test and continue. 

Consider this scenario: After you find a winning product (and you have received reviews from micro-influencers), it costs $1,864/mo to run your store.

With projected, best-case scenario sales of $4,500 ($1,500 ad spend times 3), your profit can be $2,636 for a month.

With that, your profits cover next month’s $1,864 costs, which leaves $772 to pay you for your time. 

Or you can take nothing for yourself and increase your ad spend by $772. At the same time, continue looking for (and testing) more products, Remember, it’s costly to test products and to pay micro-influencers for reviews.

Now, you may hit the drop shipping lottery and find a product that skyrockets. (Hey, it could happen.) Ten to 20% of drop shippers make money. It takes doing what it takes. And it sure is more affordable than opening a retail store. You get to work at home, or from anywhere, and there is a big potential.

Start Your
Drop Shipping Business
Under $2,000, But...

Reality Check, it may not be as good an opportunity as it looks.

OR IS IT A GEM
HIDING IN PLAIN SITE?

MORE INFO

What's Next For You

Once you become successful with drop shipping, continue operating your store and finding more winning products.

However, you may prefer to buy products to sell without drop shopping. You’ll be able to put your brand on products and to offer much faster shipping. 

No matter what, the beginning is the toughest part, so stick with it. 

There are people making big money selling others’ products online. Why not you? 

 

Why Not You?