You can make money online by dropshipping the right physical products.
Marketing physical products is called dropshipping. These are products that you promote to your customers that are actually owned, warehoused or shipped by somebody else. Usually, this is either a wholesaler or a manufacturer.
When you run a drop ship business, you enter into an agreement with a supplier who will ship the products directly to the customer. In some instances, the wholesaler will package these products under your own private label and/or with your return address package so that the customer doesn’t even realize that they are dealing with a dropshipper.
Types of Drop Ship Products
You can set up a drop ship business that sells products in every imaginable genre, from electronics to clothing to home goods, even cars. Selecting the best products for your particular customers is an important decision and depends on several important criteria:
- Which products your customers are most likely to buy
- How much you can expect to charge for your products
- What the wholesale price is for your products, or what your supplier is charging you
- How your deal with your supplier is structured and what terms you can reach in regards to shipping products directly to your customers
Some drop ship business offer a wide assortment of products covering many different genres, while others focus on one or two specialized areas. The scope of products you offer will depend on your customer base and experience level.
Manufacturers and Wholesalers
Dropshipping is becoming more common among online business owners, so there are a lot more wholesalers and manufacturers today who are open to the concept of shipping directly to your customers.
And why wouldn’t they be? Dropshipping lets them sell additional units of their products without having to worry about marketing their products themselves. Because own the drop ship business, you essentially are their sales force for their products.
Finding high quality suppliers isn’t complicated. Once you determine what kinds of products you want to offer, the rest is easy.
The first places to consider are the big, global wholesalers that provide products to most of the dropshipping industry, such as Alibaba.com and WorldWideBrands.com, among others. You can even work with Amazon, the world’s largest online retailer.
Striking Out on Your Own
Some dropshipping business owners prefer to cut their own deals directly with private wholesalers and manufacturers. If you want to try this, you can research trade magazines, industry journals and marketplace websites. These are all great places to learn about and make contact with suppliers directly.
Dropshipping is a viable option for Internet marketers. If you’d like to learn more about making money online, as well as a way to generate conversion-ready Internet marketing prospects each month, click here to learn about my done-for-you system.
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