In today’s time, there are many genuine ways to earn money online, with the help of which you can earn very well sitting at home by working online for 2-3 hours. Dropshipping is a great option to earn money online, which you can do through your computer and internet connection.
In today’s blog post, we are going to give you complete information about Dropshipping Kya Hai, how dropshipping works, how to start dropshipping, how to earn money from dropshipping and advantages and disadvantages of dropshipping.
So let’s start today’s article without losing time, and know about dropshipping business from the beginning.
What is Dropshipping Business?
Dropshipping is an online business in which a retailer lists a supplier’s product on his online store by adding his own margin, and then promotes the product. And when a customer buys the product, the retailer’s margin is transferred to his bank account.
As if you are promoting T-shirt of a supplier through your online store, and the price of that T-shirt is Rs.200. So by adding your margin of Rs.100 on that T-shirt, you can sell it to your customer for Rs.300. In this your margin means Rs 100 is your earning.
In dropshipping business, the supplier is responsible for product packaging, delivery, etc. You only have to bring orders to the supplier. Since Dropshipping is an online business, you do not need any kind of inventory to store the product. You can do dropshipping business from anywhere through your personal computer.
Dropshipping is a very good online business in which you can create your own brand and earn lakhs of rupees every month by working from home.
How does dropshipping work?
Dropshipping business involves buying and selling goods online. In this business, there is a retailer who promotes the supplier’s products through his online store. If you are doing dropshipping business, then you are the retailer yourself. A retailer is also called a dropshipper.
The retailer finds a best supplier for himself, whose product has good quality and delivers the product to the customer on time. The supplier is the one whose product is promoted by the retailer, the work of product packaging, deliver etc. is done by the supplier.
In dropshipping business, the retailer lists the supplier’s product on his online store by adding a margin and promotes the product online in paid or organic way.
Now if a customer likes the product, then he orders the product on the retailer’s online store and the retailer sends that order to the supplier. The supplier then delivers the order to the customer and remits the retailer’s margin to his bank account.
In the dropshipping business, the retailer acts as an intermediary who reaches the supplier’s product to the people and brings more and more orders to the supplier. In this business, the retailer earns money by adding margin on the product, while on the other hand, the marketing money of the supplier is saved. So this is how dropshipping business works.
How to start dropshipping?
You can start dropshipping business in two ways, in the first way you can promote the product by creating your own online store and in the second way you can sell the product on marketplaces like Amazon, ebay.
Of these two, creating your own online store is more beneficial for dropshipping business, because in this way you can also create your own brand. Let us know how you can start dropshipping business.
1. Select Product Category
The first step to get success in dropshipping business is to choose a right product category, you can select a product category according to which you can promote well and bring more orders.
To choose the right product category, you have to do market research well and see which product people are buying more, which product is more in demand in the market, etc. You should choose the product category only after doing market research thoroughly.
In dropshipping, you can sell any type of product like mobile phones, laptops, kitchen items, fashion and beauty products, electronic items, health products, furniture, books, sports products etc.
To choose the product category for dropshipping business, you have to do keyword research. You can do research for product category through free keyword research tool or paid keyword research tool. You can search for trending products for free with the help of Google Trends.
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2. Do competitive research
In any business, we need to know about our competitor. To get success in dropshipping business, you also have to keep an eye on your competitor, and see what kind of marketing strategy they are promoting the product using.
For this, you will have to do deep competitive research and analyze all your competitors.
To find your competitor, you can search your product category in Google, and then analyze all the online stores you see in the top. Apart from this, you can find out your competitors through Ads Spy Tool who are marketing the product through paid advertisements.
3. find good supplier
Finding a good supplier is very important in dropshipping business, you should find a supplier who has good quality products and can deliver the products to the customers on time.
If the products of your supplier are not good, then you will get a lot of complaints from the customers, and it will be a bit difficult for you to manage when the complaints come in excess. You can find supplier for dropshipping business from India Mart or Oberlo Platform.
4. create your online store
Now you have selected the product category and have also found a good supplier, after that you will have to create your own online store in which you will be able to list the supplier’s products.
You can also do dropshipping business with marketplaces like Amazon, Ebay, so you will not have to create a separate website. Or if you want, you can list the product by creating your online store on Shopify or WordPress.
If you want to make yourself online on Shopify, then you have to choose a unique and top level domain name, this domain name is the name of your online store by which people on the internet identify your online store.
After this, you can create your online store by signing up in Shopify, and listing the supplier’s products.
5. marketing the product
When you create an online store and list the product, then after that you have to do marketing of your store and list product online so that you will get orders. You have to make a right strategy for marketing, only then you will be able to reach the product to such people who are interested in your product.
You can do marketing of the product in both organic and paid way, following are some of the ways of marketing –
You can promote the product on Facebook and Instagram through Facebook Ads, but for this you should have good knowledge of Facebook Ads.
You can promote the product on Google through Google Ads.
In an organic way, you can create a page in the name of your store on any social media platform and market the product by regularly sharing content in it.
In this way you can start Dropshipping Business. This is a basic roadmap for starting a dropshipping business.
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How to earn money from dropshipping?
To earn money from dropshipping, you have to create your own online store, and list the supplier’s products in it by adding your margin. In dropshipping, you can decide for yourself how much margin you want to add.
As I have told you in the beginning by giving the example of T-shirt, how you can sell T-shirt worth Rs.200 for Rs.300 by adding Rs.100 as your margin.
Whenever a customer orders a product from your online store, your online store automatically sends that order to the supplier. After this the supplier delivers that product to the customer and transfers your margin to your bank account by keeping the actual price of the product.
The more orders you get in dropshipping business, the more you will earn. This is how you earn money from dropshipping business.
Advantage of Dropshipping
There are many benefits of dropshipping business such as –
No much investment is required to start dropshipping business, you can start dropshipping business with a modest investment of Rs 4, 5 thousand.
No inventory is required to store the products.
No need to worry about the packaging and delivery of the product.
According to you, you can promote the product by selecting any category.
You can decide by yourself how much margin to add on which product.
No office is required for dropshipping business, you can do this work from anywhere in your spare time.
You can do dropshipping business while doing your other work.
In dropshipping business, you can sell the product anywhere in the world.
It is a good way to earn passive income online.
Disadvantgae of Dropshipping
Along with the advantages of dropshipping business, it also has some disadvantages. Following are some of the disadvantages of dropshipping –
Due to high competition, many dropshippers work on low margin.
If the supplier’s products are not of good quality, then a lot of customer complaints come, due to which your brand value will also decrease.
Suppliers work with many dropshippers, so they are not overly responsible for any one dropshipper.
For marketing the product, the dropshipper should have skills like digital marketing and web designing to manage the online store.
In this article, we have given you complete information about Dropshipping Kya Hai, how to start dropshipping and how to earn money from dropshipping. If you too are searching for a genuine way to earn money online then dropshipping can be a very good option for you. You can also start dropshipping business by following the steps mentioned in this article.
We have full hope that by reading this article, you must have understood very well about dropshipping. If you have any question related to this article, then you can tell us by writing in the comment box. And if you like this article, then share it with your friends on social media and also tell them about Dropshipping Business.