Everybody knows that dropshipping is a new way for online entrepreneurs looking to get into making money online. With dropshipping you don’t need to create, store and ship products, all you`re doing is selling items that are already being created. You may list the products on marketplace websites such as Amazon, Walmart, and eBay.

Dropshipping has a lot of benefits:

• Lower Capital Requirement.
• Wider Product Selection.
• Reduced Risk.
• Location of Independence.

How to start

Step 1. First of all, it is recommended to have an LLC or Corporation tax structure, just because it is very beneficial and will help you to protect your assets from liabilities with your dropshipping business.

Step 2. The next step is to pick a niche. It is said that when you sell someone`s products instead of building your own brand, every good niche has 2 main components. These components are essential for your success when trying to figure out how to make money online:

• You want a niche with at least 10 million people internationally.
• Ideally, you also want your audience to be somewhat passion-charged. The lowest-hanging fruit in eCommerce/dropshipping is impulse buys, so the more excited they get over the items in your store, the better.

Step 3 is audience research. You may use even Facebook to find the most popular products for dropshipping. For analyzing FB audience it’s recommended to use this tool. There`s a lot of useful information! When analyzing the audience, narrow the region  and start to type in popular Facebook pages in the targeted niche, in the “interests” field on the left side.

Step 4. Create an Amazon (Shopify or eBay)  Account

Step 5. Find a good supplier. There are a lot of very good suppliers, but you should go only with one of them. Below is the list of the most helpful resources:

• Bttfproducts.com
• Aliexpress
• Salehoo
• Doba
• Alibaba.com

Step 6. Create an account at supplier`s website. Everything that you find an supplier`s website can be easily imported to your store via special plugin or manually. Choose only high quality and interesting products that aren’t easy to find at local stores, which have high-quality images.  It is recommended to pay attention at the top of the search results.

Step 7. Create a Facebook Business Account

Step 8. Analyze Data and Taking Action. In a several days after creating the Facebook business account dig deep into your FB analytics. Pay attention to the next KPI indicators:

• CPC. Must be low than $0.50.
• CTR. Must be more than 1%.
• CPA. Must be less than $20 or $30.

Based on these metrics, you can see what combinations are working. So if nothing is connecting, it means that something is wrong with:

• Your niche or audience
• Your products and prices

BONUS

Helpful resources:

• Google Trends
• Google Keyword Planner