Drop shipping is a supply chain method of management, where products of a retail store are not kept stocked in an inventory. Instead, they are bought from a third-party store and then shipped to the customer directly. The merchant does not handle the product himself. Shopify is a huge platform that offers users to drop ship money by selling their products. Here is how you can get started.
1. Pick a Niche
There are two main aspects to consider while picking a good niche especially when you are outsourcing products from another store rather than building your own brand. These features will ensure more chances of success.
- A niche with more than 10 million individuals is usually preferred.
- The audience should be more energetic and impulsive as they will buy more items on impulse.
2. Facebook Audience Research
If you do not have an idea for a niche yet, you can use the Facebook’s Audience Insights tool to assist you. It has a huge amount of information which you can search from. An efficient way to find useful information is to limit the location to a first world country whose people are able to afford online shopping. You can search your favorite facebook pages in your niche in their ‘interests’ field. In this way, you are likely to find your targeted niche store.
3. Register on Shopify
Shopify has a huge knowledge base and a cooperative support team if you are facing any issues. You can create an account by signing up on Shopify by filling in all the required details. To attract more customers, think of a unique name for your store. After creating your store, you can add a list of products that you will offer. It will also be beneficial to add a customer review option so customers can give their reviews and ratings. Positive feedback will ensure that you have earned the trust of your customers and result in more sales, leading to higher profitability.
4. Create a Dropified account
Moreover, you will require an app that connects directly to your Shopify store.
5. Test your products and Import them
It is important to know what kind of products you want. Usually, items that have good quality images, are not easily available at local stores and have greater perceived value by customers are preferred. Selecting your products is one of the biggest factors that will influence your success.
Lastly, import the items you have chosen. You can import the items that have higher ratings and reviews. In addition, you can choose the items that are frequently ordered.