How Do I Start A Dropship Business Without Website? Recently I came across a video in youtube sharing a great dropshipping method using a popular local platform that we are familiar with. I have attached it at the end of the article. The great thing is that if you do not even need a website to kickstart a dropshipping business using this method. The concept is quite similar on what I shared here but it is just on a different ecommerce platform.
What is Drop Ship Business
Drop Ship business is where you fulfil and deliver a product to an end customer without physical owning any inventories. You simply act as a middle man and profit from the differences in your selling price and your product and delivery cost. A 3rd party supplier will actually fulfil your order and ship it to your customer without him/her noticing it.
Is Dropshipping Profitable 2020
I have being doing dropshipping on various platforms like Ebay and Qoo10 since 2016 and have being fairly profitable so far. I wouldn’t say it is easy as the barrier of entry is very low so any Tom, Dick and Harry can jump on the money train and be your competitor. However, once you are willing to put in the hard work and understand the concept behind it, there are still alot of opportunities, especially in the ASEAN region.
According to this latest report by Google, Temasek and Bain & Company, ASEAN region’s Internet economy has for the first time, crossed the $100 billion mark in 2019. By 2025, Southeast Asia’s Internet economy will have tripled to $300 billion. If you are still procrastinating and thought the dropshipping market is oversaturated, you may be missing out on a great opportunity in this region.
Do You Need A Business License To Dropship
It really depends on which channel or platforms are you using. Most of the time, if you are using your own channel like website, it is better to setup your own company to build trust for your brand especially if you are accepting payments in your site. If you want to save time, you can consider getting a turnkey dropshipping store according to your preferences here.
However, if you are using platforms like Ebay, Qoo10, Lazada or Shopee, you do not need to register a business and you can sell products as an individual seller.
Where Can I Find Dropshipping Suppliers
The most common suppliers used by dropshippers are mostly in China. You can fly down there to attend their tradeshows and find potential suppliers that can help you dropship when you have sales.
However, most of them would expect you to have a certain volume monthly before they will even consider working with you. If you are just starting out and trying to get your feet wet, you can check out some of the suppliers I have tried before for my dropshipping business here.
Where Can I Dropship For Free
From my understanding now, both selling on lazada and shopee is free as you do not have to pay a single cent to setup an online store with them. It is free when you are listing items and you can list as many as you want. However, shopee do have a limit on how many items you can list if you are a new seller.
You only start paying them a small fee when you start selling an item which is really zero start up cost. This is one of the best ways to tap into millions of hungry buyers without spending any marketing dollars
If you prefer to set up your own eCommerce store, you can also utilise the Shopify free trial program. It is possible to to make a couple of sales while on trial and use the profits to pay for the monthly subscription and grow your eCommerce business.[Related Articles: How To Build A Dropshipping Website With No Money]
How Do I Dropship On Shopee
I am not really someone that loves to buy junk online. However, I do love to sell them. Sometimes out of convenience, I still will shop online but so far among Qoo10, Lazada and Shopee, Shopee actually provides me with the best buying experience in terms of checking out fast through my mobile phone.
If you are keen to learn how to sell on Shopee, you have to setup a seller account first which is free. Shopee have a simple step by step guide here to get you started. The video above will guide you on how easy it is to start listing items from Aliexpress and dropship them in Shopee.
Reverse Product Engineering
If you have explored the Aliexpress website, you would have realised that there are millions of items in there. How would you know which item would be worth your effort to list in your Shopee store? I am going to teach you a simple method which is very effective.
As dropshipping is a very simple concept, there will be alot of competitors doing the same thing as you. The best way to know what is selling well is to study your competitors. Let’s say I just type a product my wife recently bought in shopee which is a massage roller.
It will show me all sorts of items related to my search. When I scroll down, I manage to identify the exact product bought by my wife recently.
So when you click on it, you will see the product details and important is to see how many it has being sold so far. You just have to copy the title and paste it into Aliexpress. Which I have done it below.
Based on this simple research, you will be able to find a number of sellers carrying this product in Aliexpress. You will also be able to do a smart guess on how much margin you can make and how much you should sell to be competitive in Shopee. You can also do this for marketplace.[Related Article: How To Choose The Best Items To Dropship]
Is Drop Shipping Dead
Drop shipping is definitely not dead. You can even do it without a website like what I have shared above. However, if you happen to come across this article and is keen to start an drop ship business with zero experience, this is one of the easiest models out there. You can just manage it with just a laptop, internet and maybe a credit card.