Hey Guys,

What Is Drop-Shipping?

Drop shipping definition: a fulfillment model that allows you to buy products individually from a wholesaler and ship them directly to your customer. Drop shipping is a way to sell physical products without having a storefront or having to buy inventory in bulk but still getting a wholesale price from your supplier. Drop shippers can sell everything from t-shirts to TVs.

Traditional, brick and mortar retailers, like Best Buy, have stores that they fill with inventory. They buy the inventory in bulk from suppliers, say 10,000 TVs from Sony. In exchange for buying the products in bulk, suppliers charge retailers a lower, wholesale price, say $400 per TV. Retailers make their money by marking up those products before selling them to their customers. Best Buy sells the TV they bought from Sony for $400 to their customer for $750. Best Buy just made $350.

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.

What this mean is that you don't have to pre-purchase the items you will be selling, and you can offer many different products to your potential customers at no cost. All you will be listing in your store or website is the picture of those products which you are going to just copy and paste free.

Instead of purchasing a large amount of inventory, you simply partner with a drop shipping supplier and list their merchandise for sale. Then, once you receive an order you forward it to the supplier for fulfillment. The supplier will ship the product directly from their warehouse to your customer, and charge you only for the price of the shipped item.

The 6-step formula to $1,200/month with dropshipping:

1. Pick a niche to build your store around.
2. Pick 20 products to add to your store.
3. Build a highly converted dropshipping store with Shopify.
4. Add upsells for HUGE profits.
5. Run Facebook ads on each of your products to find 1-2 winning products that, by themselves, will earn you $10,000 each month.
6. Grow & run your store (it takes 1-2 hours each day).

If you're interesting learning all this vital with one-on-one training on drop-shipping, you can kindly contact me on 08180109400 or koya.olayinka@gmail.com