How can I start dropshipping with no money?

How can I start dropshipping with no money?

Dropshipping is one of the most popular e-commerce business models among aspiring e-commerce entrepreneurs. It allows us to start your business without any hassle, also you can use dropshipping to test product performance in the market.

For example, if you are planning to start an e-commerce store for electric toothbrushes, then you can use drop shipping to test the product. Once you have the investment in hand, then you can invest the same into developing your product.

This was one of the benefits of using dropshipping, but how much does it cost to start or How can I start dropshipping with no money?

The only investment that you have to put in your time and effort, is that’s it! To more about this make sure to read through the entire article for complete information.

Steps to start dropshipping with no money

Step1: Pick your Niche

You have to choose your niche of products, research the market and select the range of products that you plan to sell in your dropshipping store. Niche is the category of product that you are planning to target. Once you find your niche, then you have to pick the range of products that you plan to sell!

To pick the right product, you have to can follow the steps:

● Measure the current demand for existing products in the category: You can use any free keyword research tool to identify the products & their sales volume in the market. Check the popularity of the product, and many e-commerce brands showcase their top sellers with reviews. You can check on amazon, and review customer feedback as well to have more knowledge about the product.
● Check the buyer trend: Is the product seasonal? Or does the demand for the product increase during a particular holiday or season? Buyer trends give you an idea & help you predict the demand and sales potential during a particular season.
● Check your competitors: The final step is to check your competitors because, in the end, your product has to compete with them. Based on this data you can create your own set of USPs that make your product better than others.

Step 2: Build a buyer persona & Pick the right supplier

Once you pick your niche, then you have to select the supplier that can provide you with the best quality product. This is the most crucial part because if your product does not have the desired quality, then you will get negative reviews & your customers will be disappointed! Customer satisfaction is the key to achieving success as an e-commerce seller.

Also, you have to create a buyer persona, which is a fictitious representation of the qualities of an ideal customer such as age, profession, purchasing power, etc.

You can choose any manufacturer, as your supplier that can provide you with the required quality for your customers. One of the most popular suppliers is AliExpress, which has a wide variety of wholesale suppliers that are ready to manufacture the product as per your expectations.

Step 3: Pick the right platform & start:

The last thing that you have to do is to pick the right platform to build your online store. Most choices here would be Shopify and amazon, but Shopify comes with its pricing plan. Therefore, to move ahead you can go with the Amazon FBA [ Fulfilled By Amazon], which allows you to go for the individual plan, where you have to pay commission on every product sale you make! Once you sign up, then add all your products and focus on the step, marketing!

Step 4: Marketing, Marketing & More Marketing:

Once you have set up your campaign, then you have to focus on marketing your online store. Since you are limited on budget, you have to go for the organic ways of marketing i.e. SEO, blogging. Or posting in relevant fb groups, reddit communities, etc.

By following all these steps, you can start your walmart or amazon dropshipping business with money, best of luck!