Having a physical store in this competitive market is almost impossible for most of us. However, the development of technology has led to the invention of the concept called drop shipping that allows people to get orders from customers and deliver the product online without stocking them in a warehouse. You can learn a lot about the process by watching the interview of Earnest Epps on the black business leaders show. In this article, let us summarize the total process of drop shipping in brief.
Selection of product
The first step is to choose a product to deliver online. It is crucial to choose the right product considering several factors. Some of these factors include the demand, competition, and cost of the product. You can use several resources like social media, blogs, ecommerce websites, competitor sites, and much more to find a suitable product that will sell better.
Target customer selection
It is not enough to choose the product alone. You should find the specific group of people to whom you will market the product. You should make sure the people you choose have a necessity to buy your product. You can use several tools like Google Analytics, Facebook insights, personal surveys, and many more to choose this set of customers.
Find a supplier
Since you do not have a store, you should find a supplier of the product who will drop ship the product for you at the specified location of the customer. You can find these people through a simple Google search and also using the competitors' websites.
Sell the product
The final step will be the selling process where you will get the desired amount from your customer and make a profit. Click here https://youtu.be/WFUIdj7x65A
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