Q:1 Is Aliexpress dropshipping dead?
No, it is not, the reason this question arises often is that dropshippers do not resolve customer queries quickly. Treat your customer with excellent services as well as maintaining a good relationship with your supplier, and you will never have any issue with your dropshipping business.
Q: 2 Is dropshipping ethical?
Yes, it is ethical. You are buying the product from the supplier and you are selling the product further for profits, which means you are paying for your merchandise.
Q: 3 Does anyone make money from Shopify dropshipping?
Just read two great success stories who earn over a million dollar from their Shopify dropshipping business.
Q: 4 Minimum how cost does it require to dropshipping?
Let’s break down the cost on a minimum level.
- Dropshipping setup cost:
Shopify minimum cost to start a store is from $29/month.
But if we go for the minimum cost, you do not need to build your ecommerce store.
You can start dropshipping from Facebook by taking Shopify lite plan which costs $9/month.
- Supplier cost:
Well, you only pay to the supplier when you receive the order from your customer.
However, the payment of your customer could take weeks to clear, so you need to have some finances in your hand to keep cash flow cycle running.
For that, $150 – 200 would be enough to pay your supplier initially then you will receive payment from your customer.
- Advertisement cost:
To make the initial sales, you will have to spend money on Facebook advertising.
This cost is significant if you are selling five units and assigning $5/day for one unit.
So, you need $25/day to run an ad for all five units. If you run an ad for ten days, that means you need $250 to run an ad for ten days.
As per our calculation, you need to have around $400 – 450 in your hand to start a dropshipping business.
Q: 5 What is the difference between dropshipping and dropsurfing?
There is relatively the same thing.
Dropsurfing is actually dropshipping; you just have multiple suppliers to get the best product.
In dropsurfing, you keep your contact with more than one supplier so you can choose the supplier as per your preference.
In simple words, if you find more than one supplier in your dropshipping business that becomes dropsurfing.
Q: 6 What are the most profitable dropshipping product?
It highly depends on what is trending. To find out the best trending products, do check out this post – 91 trending products to sell online in 2019.
Q: 7 How much money do you need to start a dropshipping business?
To start a good dropshipping business you need to have at least $500 to start and $200 – 300 for cash flow.
Q: 8 do I need an EIN for dropshipping?
Identification number (EIN), works as a security number for the business.
A business owner needs this number to file taxes, open a bank account, apply for wholesale dropshipping accounts, and much more to do anything related to your business.
So, yes, you’d better have an EIN to start a dropshipping business.
Q: 9 Do you need a business license for dropshipping?
It varies from country’s policies you sell from, but it does not require any license to start a dropshipping business.
Q: 10 Dropshipping vs affiliate, which is more profitable?
Dropshipping is much more profitable than affiliate unless you have some traffic on your website.
Let’s put it this way; your aim is to earn $10,000/month.
If you are a dropshipper, and you earn $10 in profit. To earn 10k a month, you need to make $334/day that means you need to sell at least 34 items per day.
If you are an affiliate marketer, and get a 10% commission on each sale, to earn $334/day, your customers need to purchase at least $3400 per day so can make $10,000/month.
Hence proven, dropshipping is much easier to start and more profitable business model.
In this guide, I tried to cover all the concerns regarding dropshipping – from its definition to generating revenue.
I hope you got all the answers and can easily start your dropshipping business by just following the simple steps mentioned in this guide.
Here are some points that I would like you to memorize by heart.
- Find a niche with which you are well aware and connected. So you have an idea about the trend and ups-and-downs of the market that helps you match the consumer’s intent.
- Figure out the winning products of your eStore by evaluating through advertisement data.
- Increase your store’s digital presence by joining different eCommerce marketplaces such as Amazon, eBay, Etsy, etc.
Remember these three steps at the start of the dropshipping business that would definitely give you the initial sales.
Dropshipping takes time, care, and regular testing, but the results are always fruitful if you maintain the focus.
You probably have gotten every answer of the query related to dropshipping, in case you find something missing or uncover feel free to comment down below. We are very active in the comment sections.