Read here for free information on 4 cheap ways you can earn money online working from home.
Drop Shipping
Drop shipping is a great method for getting involved in e commerce and work from home without having to invest your own and your family's life savings. Drop shipping is more like a standard business than being an affiliate. It gives you the opportunity to create an online shop with a wide range of products without the hassle of having to hire staff, keep stock or manage deliveries.
What are the Pros and Cons?
What are the pros and cons of building an online business rather than an affiliate business or a drop ship business? Pros
You:- Run a proper business but do not have to manage staff, stock, warehouse and distribution.
- Get money from your customer before you pay the supplier.
- Can design the look of your business from scratch.
- Get to try out being a shopkeeper with none of the disadvantages.
You personally:
- Must manage the website, marketing and all sorts of other tasks alone.
- Have little control of the quality of the goods or service your customers get.
- Have to learn a whole new way of working.
Those who might want to build their own online business include:
- People who don't yet know much about running an internet business, but are totally excited at the thought of finding out.
- People who know a bit about business (on or offline) are ready to begin their own venture.
- People who want to dip their toe into making money online.
You will have to set up an e-commerce website that has a suitable shopping cart and credit card processing facilities. Try the website 'Taming The Beast' to get great information about the best shopping cart software and services.
This site has some brilliant information. If you do go there and you are interested in being an affiliate as well as drop shipping, read carefully. This site is an excellent example of an outstanding affiliate site!
- Find your suppliers: Check out the internet for suppliers you might be interested in, check out whether there is a market for you and sign up.
- Check out the sites that come up for the products that interest you, and choose those products / services you are interested in. Try to get recommendations from other drop shippers if possible so you know what type of customer service the organisations you are interested in provide. Don't forget, the drop shipper can make or break your business through great or bad customer service.
- Look at the Dropship Resources Directory. This is a great resource if you are looking for a drop shipper is OneSource . This website lists over 8,000,000 products from 234 categories.
- Open an account: Open an account with the relevant drop shipper.
- Populate Your Website: Put images and information about your chosen products on your site and incorporate it with your chosen shopping cart.
- Market Your Site. A big subject for later discussion.
- Purchases: When people visit your site and buy products, you collect their orders and payment from your site. (BTW a good shopping cart will do all this automatically).
- Inform the Drop shipper: Send full order details to the drop shipper company. They will bill you at the price you have agreed, then they will complete the order sending it to your client. In most cases the labels on any packages will indicate it comes from you.
Recommendations
We do not recommend one drop shipper over another. I will never mention a drop shipper if I know anything bad about them, but no-one can know everything. Also different people have different approaches. What I like in a drop shipper, you might find to be really boring, useless etc.
If you want to go with any drop shipper, can I suggest that you do your own in-depth research beforehand because often you are handing over bank details.
Also, if you have decided to go with a drop shipper that has not been mentioned in our materials, we would love you to go to our forum at and let others know what you think. Or just go there and join in any conversation that interests you!
Do I Have to Pay to Join a Drop Ship Supplier?
Another question that often comes up is whether you have to pay to join a drop shipping programme. The answer is that you do not with most programmes as their profit is already ensured.
Some programmes charge for joining 'higher' levels. Again I would think hard about this. If you are a good seller, they should pay you, not the other way around.
There are many ways of setting up your ecommerce website. You can use the standard templates offered by many Internet Service Providers, you could design it yourself or have it designed for you by a professional company.
The one thing you must ensure is that you have the appropriate shopping cart to deal with drop shipping. Research and find the one that is right for you.
There are Many Other Resources Available
We at My Business Coach Online are working as hard as we can to bring you free and low cost products to help you manage all these factors in detail. Also look out for other free products on the internet.
At My Business Coach Online we offer information about three other ways of doing business online, and you can read about them on later blogs:
Remember you can get a free introductory short course to affiliate marketing here.
Mix and Match
If you are not sure which type of online business is for you, it does not matter – you can use them all. Consider some of these examples:
How about putting your own existing offline business online, and adding a range from a drop shipping warehouse.
- You could have a drop shipping site with some links to affiliate goods.
- You could have your own online business with a range of drop shipping goods and a few affiliate items as well
- You could put all four approaches on one site.
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