A review on Starting a Drop Shipping Business, Part 4
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This is part 4 of the series on Starting a Drop Shipping Business. You can read the previous article of this Series below:
- Part 1 : What is drop shipping and the advantages of drop shipping.
- Part 2 : The Disadvantages of drop shipping business and should you start it?
- Part 3 : The Basic Steps to get started with drop shipping.
In order to make money in drop shipping business, you have to find and get a good drop shipper as your business partner. This is a crucial step for your drop shipping business.
So in this part 4 of the series, I would like to discuss the tips that will help you to get a good drop shipper for you business.
How to select a Reputable Drop Shipper
Drop shipping is a very hot and popular ways to make money from internet. Maybe because of this, many scams have arisen around the industry. So you have to be careful in this industry to choose the reputable drop shipper for your business.
But don’t worry and don’t let this scare you away. If you really want to make money from drop shipping, then you must take some time and research your drop shipper. To help you out, below are some of the tips that you must consider when selecting your business partner – drop shipper.
- Middleman or drop shipper? Please ensure this before dealing with any parties. Some of the companies claim that they are drop shippers, but in fact, they might be the middleman and use other drop shipper to delivery the products to you.
- Product list updates. How often a drop shipper updates their product list? This will ensure that you will have different kinds of products to sell from time to time.
- The Wholesale Price. You need to make sure the wholesale price a drop shipper offers is low enough so that you can have more margins and make more money in every sale.
- How they handle delivery. Some drop shippers will add the delivery costs into their wholesale price and some of them just charge you a handling fee for delivery. As a business owner, you must clear with this as it is directly affect your business expenses and profits.
- The Availability guarantee. I hope you don’t want let your customer down with stock not available after them making the decision to buy. If possible, please pay attention on the system how you can check the stock availability.
- Read previous customer testimonials. Nothing is better than review of experienced users. If everyone is giving positive reviews on a drop shipper, then they are obviously doing something right.
- How drop shipper helps you to make money. Most reputable drop shipper will provide tools and information to help you in business. After all, both of you are business partner. If you can make money, they can too.
- Returns and refund Policy. Read the terms and condition of the drop shipper and pay attention on the lines which talk about returns and refund. This is the after sales service and guaranteed that your business giving to customers. Obviously this is very important if you want to build up a good business relationship with your customers.
Above are 8 tips that I can give you to select a good and reputable drop shipper for your business. Of course, you have to spend some time here and don’t rush. This is the most basic and yet important step that you must take to ensure the success of your business in future.
This review on drop shipping business is almost comes to the end. If you feel that drop shipping is suitable for you, then you can take action base on the tips that I shared in the previous parts. But if you want to start another kind of business, then you must read my next article about the comparison between drop shipping and blogging.
Yes, you can make money from both of them. However there are certain reasons I choose blogging over the drop shipping. Do you want to know the reasons? Then you must subscribe to my RSS feeds or bookmark this site by pressing CTRL + D for the next updates.
This is an article that I wrote and put in the “How to Make More Money” which is about achieve financial freedom by making more money. You can read other relevant articles over here.
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3 Responses to “A review on Starting a Drop Shipping Business, Part 4”
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[…] Part 4 : How to Select A Reputable Drop Shipper […]
Good points to consider…
Find a good supplier drop shipper. If it is an online dropshipper than your job just got easier. You want the drop shipper to have every major product in the niche at a good price.