Why this business was started
I am an web designer and ecommerce entrepreneur and I make and administrate shopify stores for a living.
Here are some points I would like to show:
Zero Capital Required to Get Started- You don’t need to buy any product inventory upfront, you only pay the supplier a portion of what you get from the customer.
Work from Anywhere - Having suppliers dropship for you, basically means you have partners taking care of all physical aspects of running your business, while you’re in charge of the digital aspects – listing products, marketing, optimizing, supporting customers etc.
Scalability - Whether you’re dropshipping a $1 mobile phone case or a $2,000 piece of furniture, the amount of work for you is the same, you basically need to transfer the order information to your supplier. This means that a dropshipping business is highly scalable and is virtually only limited by the processing capacity of your suppliers.
Endless Selection of Products - Having no need to actually purchase or store your own inventory, means that you can offer a very wide variety of products and let the sales data drive your business expansion.
These are the things you might already knew, but there is a dark side to it that nobody tells. So, I am going to be very straight forward and tell you the facts right away:
1- The age of the domain is not going to play any important role in dropshipping business. Yes, you read that right and it makes sense. Because for getting the orders, you have to rely on the marketing channels that has to be utilized, be it Fb, Instagram, Influencer or anything else. People buying from your store are not internet marketers, so they won’t check the age of the domain to buy from your store, if your store looks good, has good inventory and reasonable price, you will get sales. The age of domain has got nothing to do with the store.
Moreover, if you still need any old domain to start drop shipping business, you can always buy an expired domain for $20 and begin the process.
2- More number of products in the store doesn’t mean you are going to get more sales. Yeah, read about “Choice paralysis”, when a customer enters into your store and they see you are selling from Under garments to Auto parts and Drones, they are going to bounce off to Amazon and other shopping sites. So, it’s better to have curated products that are bound to sell, and you need to do extensive research first to curate the list.
3- The only way, you will be able to sell products from your store is by marketing. If you are new to marketing, you better learn that fast and achieve expertise into at least fb and Instagram ad campaigns before you start drop shipping.
The reason of selling this business
Because I do not currently have the time available to take this website to the next level with focus on paid advertising and additional traffic sources.
What's involved in running this business
In simple words, the process is simple
Step One - Customer places order with your shop
Step Two - Your shop places order with third-party supplier
Step Three - Third-party supplier prepares your order
Step Four - Supplier ships order directly to the customer
- Shopify plan
Physical inventoryNot available for starter stores
Logo and branding assetsA professionally made logo.
Personal support after saleNot Included
Product photosNot Included
Mailing ListNot Included
How to grow this business
Firstly, I would suggest looking at the page load speed and see if it can be improved. Then continue pinning content from Pinterest, create additional Facebook ads using videos and product photos, and Google Adwords for search ads.
After I would definitely try to incorporate more products. I think this would make the store a more wholesome experience, sort of like a one-stop-shop. This is what I would do in the next 5 years.
Skills to have
Social on Instagram and knowledgeable on Facebook Ads. There is a huge potential for scale-ability through Instagram, utilising Instagram influencers (send sample products for a shout out or brand ambassador). We have the potential to get a lot of visitors to the website through Facebook Ads and we feel this would play a huge role in the success of the store.
Our features for a secure experience
- Verified revenue and traffic
- Secure messaging platform
- Escrow payment system
- Dedicated migration team
Why use Exchange?
Exchange is the largest and fastest-growing marketplace for Shopify e-commerce stores
Verified listing data
The revenue and traffic data that you see on each listing is pulled directly from its Shopify account. This means that the data has been verified. Exchange reviews and monitors listings for thorough and accurate information.
Secure messaging platform
You will be able to communicate with sellers via a secure messaging platform. After you log in and request information from a listing, sellers are notified and have the ability to respond. When you are ready, you can make an offer.
Encrypted payment capture
Exchange and Escrow.com have partnered together to provide you with safe transactions that have bank encryption, making sure that payment is securely captured. Escrow.com ensures that its users pass verification checks before transactions can proceed.
Take time to inspect the business
Once you submit payment to Escrow.com and the payment has been secured, the funds are held until you confirm that all assets received are as negotiated. You can use the inspection period to ask the seller any extra questions about the business.
Safe store transfer
When the transaction is finalized, the dedicated migration team at Exchange will begin the process of making you the new owner of the store. Buyers and sellers will be notified via an email from the Exchange team once store transfers have been completed.
Post-purchase 24/7 Shopify support
Once you log into your Shopify account for the first time and choose a subscription plan, Shopify Support Gurus are available 24/7 to help you with the settings of the store.