Have you thought about owning your own business but feel restricted by upfront requirements? Typically, you would have to keep products in stock to ship them out to your customers when the orders come pouring in. With dropshipping, you can run a business without the expensive overhead costs of a physical warehouse and hassle of shipping.

What is Dropshipping?

This is no get-rich-quick scheme. If you want to get into dropshipping, you will still have to build up your brand and generate leads to convert. You take a manufacturer’s raw materials and send them to a 3rd party. Then, you sell your goods for a markup (like a retail store). As orders come in, the 3rd party quickly assembles and packages those goods and send them out to the customer.

This is a great way to test out new products or becoming a seller without running into issues with overselling or underselling your wares.

You get a safeguard against many of the uncertainties that retailers typically face.

How to Get Started with Dropshipping

Here are the first six steps to starting your dropshipping business.

Find a Niche

You will need to settle on an area you are passionate about so your brand can keep your product offering consistent.

Know Your Competitors

It’s important to understand what’s out there if you want to truly compete. You don’t want to jump in a saturated market.

Create a Brand

Establish a name and make a logo so you are differentiated from others in the marketplace. The right branding will help you be memorable and attractive to your target audience.

Set up a Storefront

You will need a website, platform or marketplace where you can list your goods. You need an optimized website that will work efficiently and adapt for all devices. Squarespace, Shopify and Amazon are some of the most popular options for dropshippers.

Find a Supplier

You will need to get signed up with a supplier to choose raw materials that are assembled into kits or packages. Most products are not going to be sent to you ready for the customer. They may need to be combined with other products and they will need to be put into branded packaging or have branded tags added.

Work with a Shipper

A shipper gets your raw materials and products and creates a process to package them for your customer. With NowFactory we ensure a plan is established the for an efficient and effective packaging procedure to meet your needs before any items are sent out. When you subscribe, you will be able to send us your raw materials and the packaging procedure required for each product.

Once the engineering of your order is complete, you will be able to purchase and send the raw materials for that order without going back through the engineering process again.

NowFactory has been named to the Top 50 Privately Held Businesses in Southwest Louisiana, and we can help make your dropshipping business the success it is meant to be. Are you ready to start up your dropshipping business? Connect with NowFactory today!