Building Passive Income Streams
Introduction to Dropshipping
Dropshipping is a retail fulfillment method where a store doesn't keep the products it sells in stock. Instead, when a store sells a product, it purchases the item from a third party and has it shipped directly to the customer. As a result, the merchant never sees or handles the product.
The biggest difference between dropshipping and the standard retail model is that the selling merchant doesn't stock or own inventory. Instead, the merchant purchases inventory as needed from a third party – usually a wholesaler or manufacturer – to fulfill orders. This correlates directly to minimizing initial sunk-costs.
Benefits Of Dropshipping
Low Startup Capital – Arguably one of the biggest advantages to dropshipping is that it is completely feasible to launch an e-commerce store without having to invest thousands of dollars up front. Traditionally, retailers have had to tie up massive amounts of cash purchasing inventory, hiring employees, and covering rental fees. With the dropshipping model, you’re not required to purchase a product unless you've already made the sale and have been paid by the customer. Without major upfront inventory investments, you can start a successful dropshipping business with a very small startup cost. For instance, a domain name costs approximately $10/year. The website host costs approximately $30/month. For less than $50, you can start your first dropship company.
Easily Operated – Running an e-commerce business is much easier when you don't have to deal with physical products. With dropshipping, you don't have to worry about:
- Managing or paying for a warehouse
- Tracking inventory or managing stocks
- Handling returns and inbound shipments
- Being liable for product defamation
Low Overhead – Because you don't have to deal with purchasing inventory or managing a warehouse, your overhead expenses are quite low. In fact, many successful dropshipping businesses are run from a home office with a laptop for less than $100 per month. As you grow, these expenses will likely increase but will still be low compared to those of traditional brick-and-mortar businesses.
Flexible Location – A dropshipping business can be successfuly operated from just about anywhere with an internet connection. As long as you can communicate with suppliers and customers easily, you can run and manage your business.
Product Selection – Because you don't have to pre-purchase the items you sell, you can offer an array of products to your potential customers. If suppliers stock an item, you can list it for sale on your website at no additional cost.
Easy to Scale – With a traditional business, if you receive three times as much business you'll usually need to do three times as much work. By leveraging dropshipping suppliers, most of the work to process additional orders will be borne by the suppliers, allowing you to expand with fewer growing pains and less incremental work.
Is It Worth It
It is absolutely worth it to start a dropshipping business, from personal experience I have gained financial independence from utilizing this business model. Along with operating in the Instagram Influencer market, I now travel around the globe, while working out of my phone. Not being locked into a 9 to 5 traditional “career” is the best, most liberating feeling in the world. With the model I’ve created, you can easily make thousands of dollars daily, while only doing a fraction of the work entailed in any other job.
Instead of wasting months of research just to suffer failure, let me mentor you. Save your time - let me do the work for you. Included in my eminent Dropship Mastery course, students receive a 10 Module Dropship course aggregating the ins and outs of running successful Dropshipping Companies. Students will gain access to professional designer agencies, one-on-one business calls, and MUCH more.
Dropship Mastery Program - Featured Topics
・Introduction to Dropshipping - Benefits/Features
・Dropship Comprehension - Learning the Market
・My Personal Dropship Establishments - History/Building/Marketing
・Marketing Proficiency - Generating Sales
・Access Minds - Business Conception
・In-depth Sales Channel Evaluation
・Essential Elements to Every Store - Unique/Trending Items
・Branding your Establishment - Power of Social Media
・Niche Analysis - Statistics/Niche Dominance
・Utilizing Resources - Applications/Features/Funnels
・Traffic Engagement - Building Relations/Communication
・Business Growth Essentials - Multiple Modules
・Giveaway Hosting/Sponsors - Growth/Monetization
・Business Management/Branching - Security/Privacy
・Managing Funds - Minimize Costs/Maximize Profits
・Store Flipping - Build/Sell
・Influencer/Advertising Marketing - Promotions/Funnels/Traffic
・Branding Expansions - Building Multiple Income Streams
・Utilizing Social Media Platforms - Traffic Conversion/Engagement
・Pre-designed Scripts - Landing Sponsors/Businesses
・In-house Prioritization - Contact/Giveaways/Business Calls
・Levanté List of Fame - Awarded as a Globally-known Successful Entrepreneur
Join the Movement
It's never too late to start. No market is too saturated. Join thousands of entrepreneurs and outlive millions of average individuals. Click HERE for in-depth descriptions that encompass the features of my Dropship Mastery Program.