Dropshipping

Dropshipping has become super popular because it takes very little investment to get started. 

This business model has been around for decades but Shopify made it extremely easy to build an online store and import dropshipped products. 

Start a 2 week free trial on Shopify here.

There’s also a ton of other dropshipping options which we are about to cover.

  • Location: Anywhere! đźŚŽ
  • Income Potential: Very High
  • Difficulty: Hard/Very Hard

What Is Dropshipping? 

Dropshipping is selling products online but the main factor is you don’t need to hold inventory of your products. A supplier holds your products and they ship it to your customers for you. 

HERE’S AN EXAMPLE OF HOW IT WORKS: 

  1. A customer buys something from your store 
  2. You take your customer’s money and buy the product from your supplier (and keep the profit) 
  3. The supplier ships the product directly to your customer 

It’s cheap to get started because you have zero inventory and only buy products once you have customers.

You only job is to create customers and fulfill orders (some platforms don’t even require you to fulfill orders). 

How To Get Started 

Step 1: What Should You Sell? 

First, you need to decide what you want to sell and what your theme will be. 

The options are endless so we recommend choosing a niche you’re passionate about so you stick with it and not get bored. 

Brainstorm 3-5 topics that you’re interested in and do some research to find out which one is the most marketable. 

If you like cars, you can sell car accessories and gadgets. If you like fashion and design, you can dropship your own clothing and so on. 

For inspiration you can browse the categories of Amazon or AliExpress to brainstorm ideas for categories and products. 

Step 2: What Products Will Work? 

Once you pick a niche you should research and sell products that are not generic. Why would customers buy a product from your store if they can get it at Wal-Mart or Amazon? Your potential customers trust Wal-Mart and Amazon, they don’t trust your store so they won’t buy from you. 

For example do not sell headphones. This a generic item that people will always choose Amazon before your store. You could make sales, but if you’re a beginner this path is more difficult and not necessary. Don’t. sell. generic. stuff. 

Your success will more likely come from selling unique or exciting products that can’t be found easily. 

Step 3: Pick A Platform 

Once you figure out your niche, you need a place to build you store. Here are the main platforms to consider: 

  1. Amazon FBA 
  2. Shopify + Aliexpress 
  3. Shopify + Ebay 
  4. Shopify + Printful (for starting a clothing line) 
  5. Teespring (for starting a clothing line) 

Each have their own pros and cons but Shopify and Amazon are by far the most popular. Aliexpress and Ebay can be used for finding products and suppliers. 

We’ll cover these in a little more detail… 

Shopify 

Shopify is the most popular platform for dropshipping right now. 

They let you build a online store very quickly and easily. On Shopify you can have your first store with products live in under an hour. 

The best suppliers to dropship products from are: 

  • Ebay 
  • AliExpress 
  • Teespring or Printful (if you want a clothing line) 

To begin you sign up on Shopify and start a 14 day free trial. No credit card is needed to sign up. 
Then you can download apps from the Shopify “App Marketplace” that let you import products from these websites above. 

For example, if you want AliExpress products, add the “Oberlo” app from the Shopify App Marketplace. Oberlo connects to AliExpress which has thousands of products that range from clothes, to watches, to accessories, and the list goes on. 

Oberlo lets you import any products from AliExpress in just a few clicks. Then you can set your prices, product names, descriptions and more. 

You can also find apps that connect with Ebay products. The advantage of Ebay is you can choose products that ship from USA which which will get to customers much quicker than Aliexpress. 

Shopify Resources:

  • For step by step to setup your Shopify store read our article.
  • I recently came across, Frank Hatchett, an expert on Shopify dropshipping. Frank has one of the top reviewed dropshipping courses on the market. It will teach you how to build a profitable online business I recommend checking it out!

Amazon FBA (Fulfillment by Amazon) 

Another option is to dropship via Amazon FBA. Note that this may require a more substantial investment. 

Amazon FBA is a model that makes Amazon handle your inventory using their warehouses, fulfill the orders, and provide customer service for you. 

It’s like running a business without handling every single technicality. So how do you get started? Here’s a step-by-step guide: 

  • Create an Amazon Seller Account at Amazon Seller Central 
  • Select either “Individual” seller or “Professional” seller. Choose professional if you’re looking to build a business for the long run. 
  • Use the Jungle Scout app for Amazon Product research, this will help you when launching your Amazon FBA business. 
  • Identify a product that you can sell for less, and improve on. 
  • Launch your product, the process of importing products, and using suppliers is found on the Amazon Seller Central help guide. 
  • Start learning about Facebook Ads or influencer marketing to generate sales 

The key here is finding the gold mine product. The product that WILL sell. 

With Amazon FBA you get the advantage of leveraging their brand to access millions of people visiting the site every day. 

Teespring and Printful 

Teespring allows you to design and sell shirts, leveraging social media and crowdfunding. All with no money down, and with holding NO inventory. 

Teespring might be your option if you’re good at making designs. 

  • Sign up with Teespring here 
  • Then it’s very simple, make appealing designs. 
  • Either create a design yourself (if you go this route use Canva.com, it’s a free, high quality solution to creating simple designs), or simply hire a designer on Fiverr.com or Upwork.com to create a design for you. 
  • Apply the design to the apparel you want to sell. 
  • From here, you should learn about facebook ads or instagram influencers to sell your merchandise. 

Teespring is one of the EASIEST dropshipping solutions that requires very little investment. All you’d need to spend money on is a designer (if you take that route) and spending some money on ads. 

Still not convinced? Check out more information about Teespring here

Printful is a similar option if you want to sell clothing and merchandise. You can compare Printful to Teespring here

Next Steps

You’ve just learned 3 options to begin dropshipping. All have their own pros and cons but Shopify or Teespring have the lowest up-front investment and is what we recommend for beginners.

But now that you have an overview of dropshipping your next step is to keep learning and take action.

If you’d like to learn from a mentor I recommend Frank Hatchett’s dropshipping course which will teach you everything you need to know to build a profitable business online. There’s also a ton of free information out there. For that I recommend Alex Becker, The Real Zaki and Hayden Bowles on YouTube to learn more about dropshipping.

I hope you enjoyed this article!

YouTube


Being A Youtuber: Advice On Getting Started

Did you know, on average, 4 YouTube channels hit 1 million subscribers every single day!?

The best thing with YouTube is you don’t need millions of views to start earning money. And anyone can start posting videos, no matter where you are in the world.

Read this article to find if YouTube is a good business for you and tips on how to get started.

  • Location: Anywhere đźŚŽ
  • Income Potential: Medium/High
  • Difficulty: Medium/Hard

Is YouTube Meant For You?

Anyone can start a Youtube channel but does that mean anyone should?

With the sheer size of YouTube anyone can find a topic they’re passionate about and be successful with it. 

But is YouTube the best platform for you…

Reasons to start:

  • With the size of YouTube you can start a channel on anything you’re passionate about and find success.
  • You don’t have to show your face if you don’t want to. There’s many channel types like animation, documentaries, narrating etc.
  • It can be lucrative. There are many ways to monetize and you can have success with just thousands of views (examples later).
  • It builds over time. When done right, your channel will gain momentum over time like a snowball that keeps getting bigger and bigger. 
  • It can be a lot of fun. There’s a reason this is such a popular “career” choice or dream for so many. It’s rewarding, it’s fun, you’re your own boss, you can work when you want and so much more.

Reasons Not To Start:

As with any business, YouTube is difficult and has its own challenges as well. Check out these Cons and see if they outweigh the Pros mentioned above:

  • You probably have to work for free in the beginning. It could take a couple years for success or much less depending on how business savvy you are. Regardless, YouTube takes lots of dedication, time and patience and it needs to be treated like a job.
  • YouTube is very competitive. Will people spend time watching your videos over someone else’s? You have to be creative, stick out from the crowd and be able to create good content.
  • It’s hard to create good videos. A good video can take time, planning, or research to complete, usually it will be all three.
  • You need basic editing and video skills. You can learn as you go but this is required for any channel.
  • Must be business savvy and willing to learn. You need to learn marketing, SEO, thumbnails, ranking and lots of little things. If this doesn’t interest you it might be tough.

Monetizing A YouTube Channel 

Your channel needs to start getting traffic before you start making money. But once you get traffic there are many ways to monetize and you can, of course, do several or all of these methods. Some channels will be better suited for these strategies than others:

1. Google Adsense 

Make money by servings ads throughout your video. To do this you have to open a Google AdWords account. Depending on your channel’s rank and the number of views you get, as well as the type of videos you promote, Google will place target ads on your videos, and based on the CPC (cost per click), you will receive certain compensation for every click on the ad through your video. You can pick topics that have a higher CPM. You need lots of views to rely on ads for income. 

2. Affiliate Marketing 

Have you noticed how Youtubers always say “click the link in the description below”? The reason behind that is their affiliate marketing program. How does it work? Well, you can sign up for an affiliate program and receive a personalized link from a website you will promote products from. Whenever someone clicks on your link and buy the product the link takes them to, you will receive a certain commission, called affiliate commission. 

3. Merchandise/Selling Products 

This is one of the more obvious ways of making money through YouTube. You can sell merchandise and clothing with services like Teespring and many more. Or you can create a specific product that your audience would love.

4. Sell Informational Products 

If you run a successful channel or know something you believe your viewers would like to know, you can always create a course and sell it. Some genres of YT channels have better opportunities to do this (i.e. cooking, educational channels, DIY), but you can actually sell a course about anything you know.

5. Consulting 

If you have certain expertise you can sell services for 1 on 1 consulting. This might be suitable for educational, business or how-to channels. The good thing is, you don’t need lots of views to make money, you only need to convince a handful of clients.

6. Sponsorships / Brand Deals 

Many brands pay a good amount of money for YouTubers to place their products somewhere in their videos or mention a few good words about it. 

One example is tech review channels where YouTubers talk about new products and review them.

You can earn by promoting any product, even by placing a small decoration somewhere in the frame. 

7. Donations (i.e Patreon) 

Sometimes YouTuber’s have their channels completely funded by donations from their fans. Patreon is a service that lets your fans pay a membership for you (example $5/month). You can also give fans incentive to sign up by offering them exclusive videos or benefits.

How do you create a YouTube channel capable of creating income? 

1. Decide the type of account you want to create

– Vlogging, reaction videos, gaming, commentary, you’ve most likely heard this before, but try to choose something you’re passionate about, if you’re passionate about modern art, why not make a YouTube channel on it?

– For long term passive income, create evergreen content. This means your videos will be relevant for years to come. For example, “how to start a business” is a topic that will stay relevant and get views 5 years from now.

2. Channel Art is important

– Make sure you have a logo, icon, and you create thumbnails for every video. This is easily achievable through Canva. Canva is a website that allows you to simply design high quality graphics. Having personally used it myself for multiple projects, this is the best FREE option on the market. Play around with it a bit, the value it provides to you is insane.

– Having channel art screams professionalism, make sure it’s high quality, if you can’t be bothered to create your own channel art through Canva, you can always hire someone on Fiverr for 5$ to create simple necessities needed for your channel. Consider this if you don’t have a creative bone in your body, it’s a great option.

3. Create a plan 

– How will you grow the account? Create necessary social media profiles (Twitter, Instagram, Facebook, only if applicable of course, which usually it is), frequent other channels in your niche to see what they’re doing.

– Uploading schedule: How often will you upload?

– Content: How long will your videos be? How long will it take to edit videos? Remember, quality plus consistency is key!

– YouTube rewards good content, the longer the audience watches your video, the better. Remember, create content for viewers, not to just make money. 

4. YouTube SEO

A quick rundown on ranking YouTube videos: 

– Title: Your title should of course be relevant to your video. If I’m making a video on English literature, an example of a title would be “A fundamental analysis of Act 9 Romeo & Juliet”. You’ll know what your audience would search for if you’re making videos on the topic. The title is arguably the MOST important component in uploading a video.

– Description: Your description should be related to your video of course, BUT there should also be keywords thrown in description to make it YouTube search friendly, while not overdoing it to the point that the description is flooded with keywords and not worth reading to your audience at all.

– Tags: THESE ARE VERY IMPORTANT. In the “tags” section should be RELEVANT words describing your video. Put in as much tags as you want, and make them relevant. A tip is YouTube tags are plural SENSITIVE. Meaning if my video is about computer gaming keyboards one tag could be “best gaming keyboard” and another “best gaming keyboards”, it’s best to put both to possibly get those extra views.

Now comes the most important part, the part you’ve all been waiting for, how will you make money through a YouTube channel with a small audience? What will generate income? What are the interworking’s of creating revenue through YouTube? Read through the rest of this post to find out. 

Pros of YouTube

  • Huge earning potential
  • Doesn’t require a lot of (or any) investment to start 
  • Videos bring passive income for years after uploading (depending on the channel) 
  • You can make videos about anything and everything out there 
  • There are no qualification requirements 
  • No need for an office or a company 
  • You are your own boss 

Cons of YouTube

  • The market is very competitive 
  • Earnings build up slowly over time 
  • Lots of time up front when starting your channel 
  • Creating engaging videos is difficult 
  • Some channels/genres are harder than others and pay differently
  • Consistency is key to keep your videos ranking high 
  • Maintaining your videos ranking high is a constant battle
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