Is Drop Shipping A sensible Strategy to Earn a living Online
Drop shipping, for those who are unfamiliar with it, is a system whereby you promote the products of a particular manufacturer, take orders directly, and the manufacturer/source handles all of the inventory and fulfillment functions for you.
In a nutshell, here is the drop-ship system:
==> You generate and accept the order.==> You’re taking your profits out of the sale price.==> You forward the order and the wholesale cost to the drop shipper.==> The source factory ships directly to your customer.
The benefits of this arrangement are probably obvious: No inventory cost to you.
* Substantially higher profits to you over what most regular affiliate programs allow.* The power to quickly set-up inexpensive, highly targeted, niche or mini-sites to check and promote diverse products.
This process has been around for years and has been responsible for a lot of highly successful mail order dealer relationships previously. A lot of the top catalogers and other direct response marketers, have been using this system to increase profits for decades. When you’ve got ever ordered a high priced item from a mail order catalog and been told that the product was being shipped from the factory… then you’ve gotten experienced drop shipping first hand.
Drop shipping is, I believe, a virgin un-tapped storehouse of profits for todays internet marketer.
On-line directories exist which reveal essential contact information for drop shippers of over 2,000,000 products and 4,000 brands. Most legitimate drop ship sources would require that you’ve got a state tax reseller number to be able to approve you to sell their products and give you the wholesale pricing you’re on the lookout for.
Beware of any drop ship source which requires you to pay a fee in an effort to become a drop-ship dealer… or requires a membership. These are generally organizations which women hair thinning on top make their money selling “drop ship licenses”… and are, for probably the most part, scams. Legitimate drop shippers and factory sources never charge you any fees aside from the actual shipping costs of the products you sell.
Another caveat… always make certain that you’ve a written agreement with the source factory that you just own the customer! The factory or drop ship source should agree in writing to not solicit your customers in any form. This is essential to you. Your customer list is one in all your most important assets. If the factory you’re coping with balks at this request… use another source who will agree.
Almost every conceivable type of product is offered from a drop shipper willing to ship products in single units under your companies name. Pick your interest area… electronics, consumer products, agricultural & industrial products, office equipment & supplies, hobby gear, recreational / sporting goods, clothing, furniture, etc. The list of available products from drop shippers is almost endless.
The products actual source is invisible to the buyer. The seller (you) is able to construct a database of shoppers that he/she owns and controls (by agreement with the manufacturer) and has all of the direct marketing advantages that accompany that arrangement… while eliminating the necessity for maintaining expensive inventory.
This arrangement offers maximum flexibility and price savings for the seller. If a product doesn’t sell well online you can pull the advertising (web page or mini-site) instantly with very little cost to you outside of the actual time it took to build and test the online marketing effort. Or, since this sort of page/mini-site is so inexpensive to keep up and host… you possibly can simply leave the pages online and take whatever orders trickle through… while you move on to the testing and promotion of recent drop ship products.
The manufacturer benefits from this relationship by gaining a legion of active marketers promoting their products… at little or no cost (aside from those small costs involved with supporting the marketer with online marketing materials like product images, sales materials, etc).
As a marketer you might be on the lookout for several key components in developing the drop-ship relationship with a source factory or distributor:
* Top quality Products* Blanket Product Liability Insurance (if applicable)* A clear guarantee and return policy* Prime quality Marketing Materials … product images (gifs, jpegs, etc.), selling copy, other suitable web graphics, etc.* A Customer service Department that can work with you to develop the perfect selling situation for you.
If you are a manufacturer seeking to expand distribution (or an inventor with a brand new product ) you will discover the willingness to drop ship in single units offers you a strong competitive edge while you carve out increased market share at little cost.
If you are an internet marketer occupied with offering high profit products to your niche market (your website visitors) without incurring high front-end development or inventory costs… then drop shipping is for you.
Internet marketers are uniquely positioned to take profitable advantage of the drop ship arrangement and may give this system a serious look.
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