Can I make $10,000 per month dropshipping?

Who said drop shipping is dead? Some gurus will agree with that statement. 

But ask Jorge. In one year his drop shipping store made 250,000 in sales and in the next year it became a multi-million dollar store. He went from a one bedroom apartment to buying his first home six months ago. Jorge is not alone. While numbers may vary, many people are waking up to having a successful drop shipping business. So what is the secret formula whereby persons have success compared to others? Passion, attitude and ability to persevere to understand all that is required to become successful

Steps To Success

First, start with a plan. You need to understand what is required to run a drop shipping business. You need to understand all the varying types of drop shipping platforms. Each one has its advantages and disadvantages. While there are many types of platforms such as Bonanza, Etsy. Start with the major ones namely: eBay, Shopify and Amazon. Here is a list that may prove helpful to you:

Having completed your list, then you will need to decide which platform you should choose based on your startup budget and skills. Skillset is listed here as there may be some persons who are experienced SEO specialist and therefore Shopify will be an ideal platform. There are some who are now starting out and so eBay and Amazon are excellent choices. If you are international, then eBay and Amazon is possible but there are certain requirements you must satisfy before selling on these platforms. For instance, to sell on Amazon, you will need an EIN number which is used by the IRS.

After conducting your research and you have decided which platform you are using, the next step is finding products and listing it. Choosing your product and maintain your competitiveness is by far the most critical in becoming successful. Your presence online is always volatile and so today you would have a bestselling product and tomorrow a competitor have eaten away your presence. The game is always changing and you need to be ready to adapt and create strategies to suit the environment. You must treat your business as a business. You cannot just list products and expect sales. You must keep utilizing every opportunity to advertise your store using both paid and free avenues. Once you have started selling your products, you must Rinse and Repeat for greater results.

Sales Plan

If you listen to all the persons who have been successful through drop shipping, they all have more or less the same factors in their sales plan

· Research your product

· Find a supplier who will work with you both in price, demand and on time delivery

· Develop yearly, monthly, weekly and daily target. To sell $10,000 monthly, you need sales of 335.00 daily. This means you need 7 persons to make $50.00 daily. This is not impossible to achieve. It takes time but it is doable

· Develop a budget and ensure that your profits are utilized wisely. You may want to invest in software or outsource part of your business for scalability

· It is one thing to plan, it is another thing if it is not measured. Track and measure your results daily.

Case Scenario

Based on my skillset and budget, I would choose Amazon for drop shipping. I do not have a large budget since I am international. It is helpful to me that Amazon has the least fees (15%), as well as they, make payments to my Payoneer card every two weeks. This means that my funds can always be revolving until I get paid. I would invest in a software that can assist you to obtain products from wholesalers as well as give you the ranking and profit margins for their products. There are many software out there. So I am going to show you two products I have seen listed as possible products to dropship. But before I do that, I would like to put a disclaimer. This product was listed on a wholesale and drop shipping software site. I am not a member and so was not able to explore it fully. However, due to my years of experience in online marketing, I can tell you there are products like these and people are selling them almost every day

This is a DJI Phantom3 drone listed as 599.00on a wholesaler and drop shipping provider website

Selling price on Amazon ranges from $699.00 to $799.00. Profit less 15% can be anywhere between 85.00 and 170.00

Look at this second product. – Exercise bike

Check it here on Amazon

This means that your profit on one sale would be extremely good. Selling Price $259.99 Cost Price 80.00 plus 15% 38.99 resulting in a total cost price of 118.99 Profit can be $141.00

Can you sell this product? I believe so based on the number of reviews and demands. Is this product still available from the supplier? Can you make the profit stated here? I cannot say you need to do your research.

Conclusion:

Can you make $10,000 monthly dropshipping? Yes you can! Is it going to be easy? NO! Follow these steps and you can create a dream for yourself. Eventually with your profit you can automate your business which can result in scalability for your business. Good luck!

Fulfillman Product Catalog | Fulfillman Drop Shipping Services
 Do you know every Dropshipping Services STARTS WITH TWO QUESTIONS - What Sells best?
- How to find TRUSTED SUPPLIERS?
Although these are the simple questions but have serious consequences
on your business!!