Do you still go to high school but want to be a business owner? Or do you as a parent want to teach your kid how to run a small business? Keep reading to learn how to start a business as a teen.
Wondering how to start a business as a teen? Here’s why you should consider dropshipping
There are adults who want their kids to be financially literate, and there are teens who want to become young entrepreneurs without having to wait till they graduate from college. Fortunately, nowadays you can start a business even if you’re an underage, and I’m not talking about running a lemonade stand.
Dropshipping provides a good opportunity for teens to learn how business works and to make money on their own. There are several reasons why.
1. No office renting
Even a lemonade stand requires a workplace of a sort, so occupying the yard sounds reasonable. But if you want to start a serious business as a teen, you’re going to need something more mature. Of course, one cannot expect the parents to rent an office.
From this perspective, an online business is a great solution for a teen entrepreneur. All you need is a PC or a laptop, and you can work from any place in the world.
2. No inventory requirements
All businesses sell products and services. Since few teens can provide services that adults can’t, the obvious choice is selling goods. But the traditional business model requires that you buy them in advance to stock somewhere and sell later.
In this case, you either have to turn your own room into a warehouse or rent a real warehouse, which is not cheap.
But in dropshipping, you sell first and buy after that. A dropshipping store promotes goods online and receives orders from customers. Only after that, the entrepreneur contacts his or her suppliers, buys the required product and asks the supplier to send it directly to the customer.
3. A smaller startup budget
Another advantage of starting a dropshipping business as a teen is the fact that you need a smaller starting budget compared to traditional business ideas.
One usually has to spend the lion’s share of the initial capital on purchasing goods from a wholesaler (or to invest it into manufacturing). Since in dropshipping it is not necessary, starting this type of business is easier.
4. Lower risk levels
Although dropshipping involves risks (just like any other business model), they are lower than when you buy first and sell later.
In dropshipping, one can test any number of goods without having to purchase them in advance. You do have to spend money on advertising products, but if people don’t buy, you just switch to another one. When you find the product that attracts a large number of clients, you start selling.
All this makes dropshipping a good way to start a business as a teen. Now let’s get to the key issues you will face and how to solve them.
How to start a business as a teen: legal and financial aspects of dropshipping for minors
Applying for bank cards
In any business, one has to pay a lot of bills. If you’re starting an online store, you’ll need to have a bank account and a card to do that. And that’s the first problem for a teenage entrepreneur.
As a matter of fact, even 6-year-old children can conduct financial transactions. When parents give their kid money and he or she buys a soda, that’s a financial transaction. The same principle applies to using bank cards. However, you can’t set up a bank account if you’re an underage.
The only way to own a bank card is to ask parents to do it for you.
In most countries, banks offer prepaid cards for teens. Parents set up an account linked to that card and deposit money on it. The teen who has the card can spend the money while the parents can see all the transactions in the account or a mobile app. Banks also allow setting certain limits.
This system works just like regular cash allowances except there’s no cash.
One can also add their kid as an authorized user on their credit card account. In other words, you simply give the child access to your credit card.
Most banks set minimum age requirements (usually teens should be at least 13 or 15). As a result, the child will get his or her own credit card linked to the same bank account.
It goes without saying that it is the parents who are liable for all the transactions their teen may conduct. So it’s a great idea to apply for a new card and ask the bank to lower its credit limit.
Buying domain and hosting
When starting an online business, you are going to need a website, which means you need to pay for a domain name and hosting.
The good thing is there’s no age restrictions on purchasing and owning a domain name. On the other hand, individual registrars have their own policies. But as a general rule, as long as one has access to a credit card, buying a domain should not be a problem.
Legally speaking, when teens pay for a domain or hosting, they do so with consent of their parents or legitimate representatives. Furthermore, when you purchase certain AliDropship solutions, it is us who buys a domain name and pays for the first year of hosting. Then we simply pass the name to the customer.
Integrating payment gateways
In order to start a business as a teen, one also has to install and register payment gateways so that customers could buy stuff with credit cards or by other non-cash payment methods. However, certain gateways impose age restrictions.
For example, to open a PayPal account, you should be of the legal age of majority in your state of residence or at least 18 years old if you are a US resident. That’s what PayPal user agreement says. 2checkout also requires that its customers be of legal age.
So, age requirements can differ a lot depending on what payment gateway you prefer, but in all cases, a teen should be able to use the account created by his or her parents with no limitations. Of course, parents are the ones legally responsible for whatever their children do with the money.
While most social media allow users to register with just their email or phone number, Facebook can be very suspicious, especially when it comes to creating a Facebook business account. In all cases, one has to confirm their identity, so an underage cannot have a business account under no circumstances.
Therefore, young people who wish to run a dropshipping website have to ask their parents to register a business account on Facebook.
Registering the business
When people ask how to start a business as a teen, they often look for tips on how to make a business plan, how to identify your target audience, how to get investments and so on. But few actually think about the legal side of the story.
If you don’t want to break the law and make the tax agency mad, you should legally register your business. But can teenagers do it?
They actually can. Most countries allow minors to register a business, but such procedures require paperwork. Even in this case, a teenager often has no or limited right to sign contracts. As a result, you can own a company but can’t run it.
One way out is emancipation – when an underage gets all legal rights of an adult, but I think that’s too much. Besides, if parents want their kid to become an entrepreneur, they can register the business to themselves and let the child take actual control of it. After the teen comes to age, the business can be handed over to him or her or sold for a token fee.
In any case, since all countries have different laws, you should consult a lawyer. But expect to take legal responsibility for your child’s business.
How to start a business as a teen: final thoughts
As you can see, it is possible to start a business as a teenager, but parents should be there to support their child. And not only legally! Even 30-year-olds who have never run a business need tips and recommendations from more experienced colleagues.
Starting a business venture is always risky and full of unforeseen challenges. And it’s great that there are people who want to learn these challenging lessons at such a young age and people who want to support them.
Those who want to start a business as a teen and are interested in dropshipping can choose the online store of their dream from multiple options and enjoy the world of opportunities it opens up for them!
Are you looking for a really cool WordPress shop theme for your single product website? Do you want your ecommerce store to look very appealing and be highly profit-oriented? If so, all you need is Matisse Woo!
However, if you want to get maximum profit from such a store, you need to pay particular attention to some of its aspects. And one of the most important one of both successful single-product and regular online stores is a theme!
So why is starting a single-product store a perfect idea for your business? How to choose the right WordPress shop theme with lots of customization options? And why is Matisse Woo your big ticket?
This is exactly what we are going to talk about right now!
Why is a single-product store a great business idea?
In practice, starting a single-product store can let you get a profitable business without extra concerns. Are you wondering why a single-product store is so beneficial? Well, let’s get this sorted out.
Here are the advantages of starting a single-product store:
There is no need to look for lots of promising products for your business
When you are running a regular online store, you need to look for a number of trending products to sell. What’s more, it’s necessary to find reliable suppliers who will provide you with those products. Beyond this, you have to update your product range from time to time.
It’s not necessary to waste your time on promoting several products at the same time
You will be glad to know that you can easily save your time not only when searching demanded products, but when running ad campaigns for them, too!
Definitely, the regular online store owners don’t promote all the items they sell. In most cases, they are focused on several most promising products. And when a user visits their stores, entrepreneurs do their best to make the visitors see the whole product range.
However, in case of a single-product store, it’s a lot easier to run ad campaigns. You have only one product and that’s it! And if focusing on this very product, you are highly likely to succeed!
It’s easier to be responsible for the quality of one product only
How to make an online store that is going to be reliable for your customers? Right, you should sell high-quality products only! In this case, you will easily minimize the number of refunds and returns and get only favorable reviews on your online store on a permanent basis!
It’s also highly important that for you as a single-product store owner it will not be challenging to check if the product you sell is of high quality since it’s only one in your product range.
Wondering where to find the most promising products for your store? Check out Premium Products – your weekly source of best-selling products AND tailored powerful ads! You can import this week’s hot product to your store in a single click, and launch money-making promo campaigns using the winning materials (texts, visuals, audience settings) we’re providing you with.
Matisse WooWordPress shop theme: what’s so special about it?
When building your own online store, no matter if we’re talking about a single-product or regular one, you should pay close attention to several aspects. And your online store design is one of them.
Well, what commerce theme to choose for your single-product store? How to get both appealing design and focus on converting as many visitors into customers as possible? The answer is clear – it’s high time to get the Matisse WooCommerce theme!
So why is Matisse Woo a perfect decision for your one-product store?
Catchy hero image
Imagine a large product image at the top of the homepage: what can be more powerful in drawing your website visitors’ attention? Well, using such a banner, you can put the product you sell into the spotlight.
Nice description blocks
What can be more important than description blocks? It’s due to this reason they are paid lots of attention to in Matisse Woo. They provide you with an opportunity to enrich your text content with eye-catching images, so the product you sell can easily shine!
Informative product details
Well-described product detail is your one more step to successful sales. And in Matisse Woo, special attention was paid to product details, so they are set out in a simple and convenient way.
Great visual review content
Social proof greatly affects the customers’ interest in your store. So if you want your online store to look reliable for your potential customers, it’s time to place a trust element on your homepage. Fortunately, Matisse Woo provides you with an opportunity to do this with ease! What’s more, you can enrich it with images. Sounds tempting, doesn’t it?
Eye-catching customer gallery
What can also help you convince your clients that they can safely deal with your store? Right, it’s a human touch to your online store! So increase your brand awareness by using the customer gallery in Matisse Woo!
What should a checkout look like in order to make users finally make a purchase? Definitely, it should be simple and intuitive. This is exactly what the checkout in Matisse Woo is! What’s more, it has built-in trust icons, urgency banners, etc.
So it becomes clear that Matisse Woo is your big ticket to the profitable ecommerce business!
If you’re running a brand in fashion, beauty, fitness, or home decor, chances are you know how important it is to have a social media presence. Responsible for 74% of online purchases, social media is greatly instrumental in getting new brands and products in front of young consumers.
If you have a strong target audience consisting mostly of young females and have a very visual-driven brand (think close-up glamor shots of products, inspirational quotes, and bright, fun colors), then you can’t forget about Pinterest. Today, let’s take a quick look at why you should try advertising on Pinterest, what kinds of ads you can run, and how to set up a campaign.
Why advertise on Pinterest
Often forgotten about in the thriving golden era of Instagram and TikTok, Pinterest is an old-school social media platform that revolves around the idea of scrapbooking inspiration through “pinning” of images that inspire you.
With 335 million monthly users and over $1 billion in revenue at the end of 2019, Pinterest is the 6th largest social media platform around. It used to be the 3rd after Instagram and Facebook, but YouTube and Twitter have surged ahead while newcomers like TikTok have taken over.
Pinterest is all about what’s hot and trendy and getting people’s attention (and pins). In the company’s Q4 report for shareholders in 2019, the scrapbook-inspired platform released 100 trends it foresaw for 2020. You can see from the above screenshot that pets, beauty, the great outdoors, art, and fashion are some highlights — and you find ways to formulate your brand voice or style guide or design to maybe skew towards any of these, especially if your business is centered on some of these niches.
For example, if your online store sells gear and accessories for hiking or camping, you can capitalize on the trend of traveling responsibly — pins items (and repin from other pages) on stuff about sustainability and camping with a minimal eco footprint. You can also share how to create fun weekend getaways in nature, for instance.
Examples of Pinterest advertising
Courtesy of social media professional Jess Bahr, here are 10 samples of ads on Pinterest done by brands:
Moo is a company specializing in personalized business cards.
SUMMARY: Despite the growth of other social media platforms, Pinterest is still a popular destination, especially for women (notably moms). If you want to expand your targeted branding, consider running ads on Pinterest, as the platform is a great way to boost your brand and products. Ads are easy to set up and manage thanks to a Pinterest Business console similar to that of Facebook. Once you’re up and running, you can use Pinterest advertising to elevate your dropshipping business’ visual targeting.
Everyone advertises on social media and Facebook in particular. While there are many targeting options including age, gender and location, one has to pay a lot of attention to Facebook interest targeting as this method has proven to be really efficient.
We’ve talked about the importance of knowing your target audiences before. But learning who actually wants to buy your product isn’t that simple. AliDropship’s experience with self-owned dropshipping stores has taught us that interest based targeting is the most efficient way to reach potential customers.
In this article, I will cover a step-by-step method of Facebook interest targeting used by our team.
Facebook interest targeting step #1: Page post engagement (PPE)
The search starts with creating a PPE campaign, so choose “Post engagement” as your goal.
At this point, you don’t want or expect to sell any products at all. It’s Ok, don’t freak out. We need it to collect data and understand who our ideal customer is.
But first, we need to create a post devoted to the product we’re going to advertise. Its purpose is to trigger engagement, i.e. likes, comments and shares. Such activities can indicate whether or not people are interested in the content. Later we can use the same post to attract actual customers, but right now trying to convert the audience will cost you too much.
Something like this should do.
Why not create a Facebook ad right away? Because when you use an existing post for advertising, it accumulates likes and shares and advertising it again will get even cheaper. That’s why AliDropship’s team always creates posts first.
Now we’re going to start a Facebook advertising campaign to show this post to different people. But to whom? Here you’ve got two options.
1. Speculating on interests
If you promote a product belonging to a clear niche, it’s more or less easy to tell at least some facts about potential customers you want to target on Facebook and their interests.
If you’re selling a toolset, you can expect potential buyers to be interested in building, carpentry, renovating, car repairing, etc. It doesn’t mean you can’t be wrong about them, but it’ll narrow down your search to a few options.
Whenever possible, AliDropship’s team picks 5-10 interests in a corresponding ad set within a PPE campaign to narrow down the potential audience.
2. Not speculating at all
Sometimes, products are just too… versatile? You can’t tell for sure what interests potential customers may share, which makes Facebook interest targeting at this point almost impossible. For example, what can you tell about this mop and bucket?
In this case, the team doesn’t set interests at all and focuses on other demographics.
In both cases, you also want to limit the audience to one or several countries. The team usually picks the US, Canada, the UK and Australia as these markets have lots of solvent purchasers and people there speak English.
As for other parameters (mostly gender and age), at this point, you want to widen them as much as possible unless you’re absolutely sure about the age and gender of your potential customers.
Facebook interest targeting step #2: Testing ad sets
Now it’s time to run the PPE campaign to test audiences. In order not to spend too much money, the team monitors the campaign’s performance and stops ad sets if they demonstrate poor results. One or two days is usually enough to collect data.
One can also make the ad sets stop automatically after they accumulate a certain number of impressions. We usually set the limit to 2,000 impressions. As for their daily budget, the team sets it to $5, which is usually enough to test the ads.
However, if certain ad sets perform well, keep them running even after the test because PPE campaigns are good for warming up potential customers.
Whether you picked a number of interests for the ad or not, Facebook will show you the general statistics that includes such demographics as gender, age, location, devices used, etc.
If you used not one but a number of creatives during the test, you can also pick the one with the highest numbers.
To know what’s good and what’s not, look at both CTR metrics (All and Link clicks). Higher numbers indicate that more people interacted with the ad or followed the link to your website. Also, pay attention to the cost per unique content view as you want it to be as low as possible. Other metrics are less important.
Although at this point, we already know some facts about our target audience, we can do better.
The team creates a new campaign and sets the goal to Conversions. We use the data received during the previous phase to narrow down the audience and create several ad sets. This time, we’re going to set one interest per one ad set.
If it’s a niche product you’re advertising, pick the interests you came up with when creating the PPE campaign. If the product was too “versatile”, now is the time to make up some interests for it.
We didn’t do it during the PPE phase because without having the slightest idea on what interests to choose, there’s a high chance Facebook will show the ad to completely uninterested people. But at this point, it’s Ok since we’ve already collected certain data and want to test potential interests.
When potential interests of your Facebook audience are unclear, you can analyze the existing customers of your competitors.
Use AdSpy to find Facebook ads promoting similar or identical goods or simply search for them on Amazon. Then read comments, visit the Facebook pages of random customers and check what they like and what pages they’re following. All this can give an idea or two on what their interests are.
During this phase, your ad campaign should start converting Facebook users and turning them into buyers. However, expect some of the interests you have chosen to work worse than others.
If they perform too poorly, turn such interests off and focus on the more successful ones.
Furthermore, now that you are certain about at least one or two interests of your potential audience, you can use Facebook interest suggestions to expand the list. Simply type in one of the discovered interests and click on “Suggestions”.
Another method of Facebook interest targeting is searching for pages related to your products with Audience Insights. You can find this tool in Facebook ads manager.
If the product you’re going to advertise is obviously associated with certain interests (like gardening or plush toys), simply choose it in the “interests” field and look at the “Page Likes” tab. Facebook will show you what pages gather most of the likes from people with this interest.
After that, you can check if the Facebook group’s name can be found among the interests in your ad sets. If there is one, your ad will target people who interacted with the given Facebook group.
After another round of testing, you will have quite accurate information on what interests work best with a given product on Facebook.
If you find Facebook interest targeting to be too much trouble, consider purchasing one of AliDropship’s Premium Stores – precise copies of our own dropshipping websites with the best-selling goods within wide and profitable niches. Along with a store, you can also buy marketing materials including recommendations on target audiences and their interests.
There is nothing difficult about starting a dropshipping business. Even if you are a newcomer with no background knowledge whatsoever, you only need these 15 things to start your super successful entrepreneurial journey.
It doesn’t really matter which of these reasons motivated you to step on this road; as long as this driver is powerful enough, the success of your business is guaranteed.
By the way, note one thing. Having a genuine interest in the specific area, it’s quite likely that you won’t give up the idea of running this type of business if there is a lack of immediate success.
2. PC or laptop
To create, set up, and run your online business, you need to own at least one gadget.
You may choose any device which is able to provide the necessary functions for you to run the business. If it’s more comfortable for you to use a personal computer, go for it. If you are a fan of laptops, you can totally rely on them as well. It’s only about your own preferences and opportunities.
Modern technologies let you create a dropshipping store with a good-looking responsive design that will work perfectly on any type of gadget – this is exactly what you need to generate a healthy amount of sales.
5. Real-life examples of running a dropshipping business
When you start something completely unfamiliar to you, it’s easy to get confused with all the new duties and responsibilities.
Relax and don’t worry! You deal with a business that is affordable to start, convenient to run, and easy to sell if you ever get tired of it.
If you get disoriented, you can find a lot of examples of running dropshipping businesses on the Internet, and find a way to meet your challenge. Moreover, numerous interviews of successful dropshippers can inspire you to keep going even if you feel like giving up.
With due effort, you can literally change your life!
We strongly recommend to choose a niche that you know well. Ideally, you should be a fan of the products you’re selling – this way, you will set up and manage your business in the best way possible.In this case you’re more likely to succeed very quickly because you have enough background knowledge which can help you with running your new business.
However, the products you’re going to sell must be interesting not only to you, but also to the wide audience.
When you are choosing a niche, check if there are enough relevant items on AliExpress. Also, you need to think about whether you can promote these items through social media or PPC ads. Plus, you need to make sure that the competition in this niche is not too fierce.
How to start a dropshipping store: technical preparations
8. Domain name
In fact, without going into the technical details, a domain name is your website address that is used for highlighting it among others. It’s like a street address that tells your customers where your website is placed, and helps them go directly to it.
If you want to buy a suitable domain and make sure no one is already using it, try and experience the GoDaddy service – one of the most popular and reliable domain name registrars.
A hosting is a service that allows a user to place the information on the server. In fact, if you don’t have a hosting, you can’t make your store content visible to Internet users. In other words, you need to buy hosting (and pay for it annually) to ‘activate’ your online store and make sure it’s really running.
We understand that no one basically wants to deal with such technical tasks, that’s why you can safely delegate all your hosting issues to us. We will provide you with timely client support, and guarantee an exceptional customer service along with a high quality technical performance.
10. Dropshipping website
Do you already have a ready niche idea, catchy domain name, and pre-paid hosting? Great! Now, you can start making a website – a basis for your future dropshipping store.
Here, you have 2 options: you can either do all the job yourself (in this case, go to paragraph 11 to learn the next step), or you can get a ready dropshipping store – a Custom store, a Premium store, or an Established store. What’s the difference?
It’s a store that we make for you individually, with your wishes and preferences in mind. You explain what you want your store to be, and we develop it from scratch for you. When the work is completed, we hand the website over to you – it’s perfectly ready to operate from day 1, and you’re its 100% owner and boss! Read more and order your custom store here.
It’s a fully functional copy of a highly successful dropshipping store that has already been developed and put into operation by AliDropship team members. You get an exact (and legal!) copy of a store that has proven to be efficient and profitable, and don’t have to guess or worry whether the store will be successful. And of course, you don’t have to wait until the store is developed: you’ll get your copy within minutes. Read more and buy your Premium store here.
It’s an already operating business that has a proven track record, a verifiable number of orders, and a stable traffic volume. Before purchasing it, you get access to the store statistics, which lets you make a well-informed decision – and basically, invest in an already profitable business. After the purchase, you become its one and only owner – and get recommendations on how to run it further. Read more and buy your Established store here.
Want to get a Custom, Premium, or Established store? Make your choice and go to paragraph 13 to learn the next step!
WordPress is a system that helps you arrange all the elements of your website. Nowadays, 30% of all the websites globally are powered by it. There are several reasons for it. The main one is that it is super easy to use. Moreover, it suits almost everyone, even those who have no previous experience of creating and running a website.
There are a number of factors due to which WordPress is perfect for running a dropshipping online store:
It might seem a bit long, but hey, here’s the good news: you don’t have to do it all manually. There is a much more convenient solution developed by high-profile programmers with an actual experience in dropshiping.
The semi-automated solution, AliDropship plugin, can be used for adding products, changing their prices and descriptions, importing product reviews, transferring orders to AliExpress, viewing the online store statistics, and, in general, managing all the routine dropshipping processes.
If you can save tons of your business (and personal) time and delegate a lot of work to the plugin, why not go for it?
To get your rightfully earned profits, you need to think about your pricing strategy.
The price of an item in your store should be higher than the original AliExpress price of the same product.
The difference between these two prices is your profit!
Still, while increasing the prices in your online store, you need to remember that your buyers should be satisfied with their purchases. Ideally, you need to set a price that is low enough to lure your customers. At the same time, it should be high enough to bring you some revenue.
AliDropship plugin has a special feature that allows you to set up your own pricing markup rules and start selling online with a much higher rate of profit. After you add pricing formulas, your store products get updated automatically according to your rules. In addition, the plugin has special options that allow you easily round your prices or set a specific cent value for your retail price.
15. Marketing strategy
Without marketing your dropshipping store is nothing but an unknown website that can’t even be found. So, we highly recommend you to look through the latest online selling trends when developing your own marketing strategy.
When drawing up a marketing plan, don’t forget about SEO – the basis of any ecommerce marketing strategy. Without perfectly optimized product pages, it will be difficult to get to the first page of Google search and attract as many visitors as possible.
What has to be done?
Use different tools such as Google Keyword Planner to look for the most suitable keywords related to your dropshipping niche;
Add the Title, Description and Keywords metatags to your product pages;
Use the ALT attribute to describe the content of your product images.
SEO requires a lot of time and hard work but it will be definitely worth it in the long term.
How much do dropshippers make? When to expect the first sale to happen? How long will it take for the dropshipping business owner to have a stable income? Let’s try to figure it out.
Money-related queries always top the list of the most frequently asked dropshipping questions. There is nothing surprising about it. None of us wants to engage in a demanding activity that ends up being unprofitable, right? We are all dreaming of lazy self-indulgent workless days on a warm calm seashore, and can’t wait for it to finally happen.
Still, questions like ‘how much money can I make dropshipping” are somewhat similar to ‘what’s the size of the Universe’… I mean, there is no way to answer them with a 100% accuracy.
Instead, in order not to make some disorienting assumptions (I really wouldn’t like to make any misleading promises), let’s consider real-life experience of the people who have already achieved some important business milestones. Everyone’s experience is precious, and there are lots of tiny tips and lifehacks we can learn from others.
How much do dropshippers make with a newly launched store?
First of all, let’s speak about your possible income in case of starting a dropshipping business. You should understand that there are lots of factors which can influence your dropshipping journey. For example, a significant role is played by your location, the chosen niche, suppliers, products, and so on. It means that it’s difficult for us to talk about an average income of newly launched store owners. For this very reason I suggest you to pay your attention to some success stories of our latest clients, and you’ll have an opportunity to draw conclusions by yourself.
Story #1: Martin, New Zealand, made $295.59 in his first month
Meet one of our amazing clients whose name is Martin. He’s a sports coach from New Zealand, who has decided to go into dropshipping business. He started up his journey not long ago and has already achieved some results to boast. Today he owns only one online store and its total revenue in the first month of the store operation amounts to almost $300. Probably this sum is not very impressive, but the fact that Martin managed to make some profit during the very first month of his business existence without any relevant experience or background in the field is quite notable.
Story #2: Alex, Russia, made $223.79/month with one of his stores
We can take a look at one more dropshipping entrepreneur. His name is Alex, and he is from Russia. His way in dropshipping is very interesting due to his education and previous experience. He has a PhD in IT, and he tried to design his own software for running a dropshipping business. Unfortunately, he hadn’t succeed until he decided to use our dropshipping solutions. To date, he owns nine online stores, and four of them are built with AliDropship plugin. Showing one of his stores as a example, Alex says that he has 3-20 orders every day, and his gross sales for a month amount to more than $200. This sum doesn’t seem like enormous, but, as an additional source of income, it’s still inspiring!
Story #3: Mihai, Spain, made first sale of $40
Next entrepreneur I would like to talk about is Mihai. He is from Spain. Recently he opened two online stores using the solutions of AliDropship. Well, despite the fact that he only made one sale so far, he has a highly positive attitude. He is sure that the success is within reach, because he knows it now from a real-life experience how to promote his stores.
You might be wondering: what about the prospects of your dropshipping store? These newcomers’ stories are motivational, of course, but how does the business generally progress?
We cover this question a bit later in this article, but here is just a couple of stories to give you some idea on this.
Story #4: Otto, the Baltic states, made $13,087 in 1 month
Some of our clients started their dropshipping journeys several years ago and already shared the stories of their success with us several times. For example, this is Otto, and he lives in the Baltic states. The most interesting fact about his way is that he gave up his 9 to 5 job and decided to risk everything to start dropshipping. And what do you think about it? Yes, it paid him off. After he had launched the second online store, his revenues amounted to more than $13,000 per month. Fortunately, there is more to come.
Story #5: Mousslim, France, made $3,500 in 45 days
Now meet Mousslim. He is only 22 years old, and he lives in a small town in France. He doesn’t have any college degree, but he is fond of new technologies and entrepreneurship. In 2017 he was interested in AliDropship plugin, and decided to give it a try. After some time his revenue amounted to $3,500. As it turned out to be, this guy was going to move far higher mountains.
If you want to know how these entrepreneurs operate right now, do not stop reading this article! The most exciting things are ahead!
How long should I wait until the first dropshipping sale?
Here, the answer is pretty simple: you shouldn’t wait at all.
When you run a newly launched store, it doesn’t have an established brand yet. So, the best strategy is to try out different marketing instruments, and test everything to the best of your abilities.
Let’s listen to the people providing their feedback on AliDropship forum: here, we have a special Our Dropshipping Journeys section that is exclusively dedicated to the authentic stories of dropshipping stores’ owners.
For example, from this thread we learn that it took the author about a week to achieve his first sale – but during this week being an experienced Internet marketer with a solid experience in building WordPress sites he did the following:
Picked the preferred promotional methods (AdWords and social media marketing);
Installed the Social Rabbit plugin to automatically manage social media marketing;
Connected Social Rabbit to the store’s Instagram , Facebook, Twitter and Facebook pages;
Got several additional external plugins that, in his own personal experience, prove to be beneficial for a website management;
Added and edited 3 times more products than he initially had;
Launched his first shoutout campaign;
Made several sitemap updates;
Launched his first AdWords campaign;
Made a conclusion on his pricing strategy and discounts policy;
Updated his product offer paying attention to their prices and SEO aspect
At this point, you’re probably thinking “Oh. My. God. This is WAY too much, I have no idea about any of this, and if I knew about such a huge amount of the work required, I would never even think about getting my own dropshipping store”.
But, let me assure you: there are literally no reasons for you to worry about these aspects. Yes, this particular forum poster already has a significant background experience in the field of Internet marketing; but how, do you think he got this background?
By practice, trials, and errors, of course.
No one is born with the full set of dropshipping skills and knowledge, right? It all comes in due time.
Here, the original poster is a ‘newbie in website’ who began with accumulating knowledge on stores management and promotion. As we learn it from the thread, it took this store owner exactly 1 month (since the moment of the AliDropship plugin purсhase) to get the first sale – which, by the way, originated as the result of making an Instagram shoutout.
In this case, the store owner wasn’t making any marketing efforts for about a week. Then, advertising campaigns on Bing and Facebook were launched, and in a couple of weeks, the first dropshipping income appeared.
This forum contributor doesn’t specify how long the store has been in operation – still, it gets clear that one week of advertisements through Facebook fan page and Instagram account was enough to generate the first sale ever.
And from this story, we can learn that the store owner concentrated on SEO in order to secure good business performance in the long run (which is actually a very smart move, so don’t forget to take a look at our SEO checklist for dropshipping stores). It took about 2 months for the first sale to happen, and the poster mostly attributes this achievement to the successful use of the Social Rabbit plugin.
This store owner had to wait only four days for the first purchase at his online store. Can you imagine? Only four days! It’s nuts, really.
Do you see a pattern here?
There is literally no way to ‘calculate’ how soon your first dropshipping sale will happen. Nevertheless, it’s possible to identify the factors that influence the timing:
If you haven’t tried our free dropshipping niche tool yet, it’s time to give it a shot! This instrument tells you if the niche is a good choice in terms of the number of products available, buyers’ interest, and promotional potential. The more demanded and product-rich the niche is, the sooner the first sale will happen.
If you read these and other dropshipping journeys shared on our forum, you’ll quickly notice that the range and quantity of payment methods supported on your website have a paramount importance. Quite often, people show interest to the product offers, but, due to the payment system inconvenience/unreliability, they leave the store before completing the order. Read this article to learn more about the best payment gateways you can use for your dropshipping store.
Intensity of marketing efforts
Well, this is obvious. It doesn’t matter if you are a marketing guru or you have never made a single sale, it makes no difference if you have developed multiple online stores or if you don’t know what a domain name is – as long as you are willing to push your business forward, none of this is relevant. Even with no market knowledge or industry experience, you can always start with understanding your target audience and trying simple, free ways to boost your store traffic. They cost you nothing, but they teach you a lot, and learning is essential for your business success.
How much can dropshippers make with ready businesses?
So, we’ve just looked into the financial prospects of the owners of brand-new dropshipping businesses. But what about the entrepreneurs who buy already operating online stores? How are their expected profits different from the beginners’ ones? And are there any guarantees?
To begin with, if you’ve decided to purchase such store instead of getting a new one from scratch, look at the store stats carefully. Use this website valuation guide to see if the money-making potential of this store is up to your expectations. Considering the current profits, traffic numbers, and social media presence, you’ll be able to roughly estimate this store profitability in a medium-term period.
Next, remember that you, as the new store owner, is now responsible for its operation! Even if you’ve purchased a business with stable profit and traffic numbers, don’t expect them to magically hold up by themselves. It’s vital to keep promoting the store, communicating with current and prospective customers, and updating the product offer from time to time. This way, you’ll keep the store relevant and interesting to your target audience, and prevent the previous profit levels from decreasing.
Good news is, you can get yourself an already operating business that is optimized to make the new owners’ life easier and keep the profits steady! There are two exciting options you can benefit from: Premium stores and Established businesses.
Check out the amazing stores here! As you can see, each of them already has a stable profit level. The reason is simple: each of the stores operates in a highly demanded niche and is promoted by a skilled team of digital marketing specialists. That’s why the profits are so impressive!
You can easily become an owner of an equally successful business, too! All these websites are eligible for copying: you can get an exact copy of a top-class dropshipping website with the same structure, design, product range, etc. And what’s more, you can also purchase a marketing package – a set of the exact same advertising materials and audience settings that is currently used to generate profits in these stores. Clearly, it’s super helpful to new store owners who’d love to boost their revenues!
One of these premium stores, by the way, makes $500,000 a year – isn’t that the number you’d love to achieve, too?
Established dropshipping businesses: individual monthly profit for every store
Just take a look at the impressive businesses here! Each of the Established stores is a long-functioning online business with detailed performance stats you can view instantly.
Unlike Premium stores, these are exclusive businesses: if you’re buying an Established store, you’re it’s only owner! And, as the new owner, you will enjoy numerous store benefits boosting your revenues: built-in marketing tools, pre-made social media pages, ready-to-use advertising materials, and more!
How much money do dropshippers make in general? What average dropshipping income can I expect?
And now, let’s (finally!) talk about the prospects regarding your income.
It would surely be interesting to learn the average monthly dropshipping income worldwide. But, it would only be possible if every country obliged these entrepreneurs to officially submit their revenues. I really doubt this initiative would see a warm welcome!
This AliDropship forum contributor runs a general store aimed on buyers from the Philippines, the USA, and Brazil, and the average daily amount of sales exceeds $3,000. His road to success was quite bumpy. But, with some courage, confidence, and faith (and Google AdWords) it became possible to achieve these incredible results.
Another forum poster, Rewall, spent about a year learning as much about dropshipping as possible, and in about 2 months, the income of his 2 stores hit the mark of $26,700. Facebook Ads did the magic!
Pirn from Estonia also used the AliDropship forum to share his success story, but our team got so impressed with his achievements that we asked him for a blog interview right away. It’s quite understandable: having no background experience, this EU dropshipper managed to achieve an average dropshipping income exceeding $10,000 per month!
Godfred from Ghana used to run an eCommerce store before he became a member of the AliDropship family. Now, he owns 2 AliDropship stores that provide him with quite a steady income: he makes over $500 every week!
Still remember Mousslim and Otto? Well, they have already been doing dropshipping for several years, and now we can bring their intermediate results. To date, Otto has four stores, two of which were experimental. As soon as he realized that they weren’t profitable, he stopped doing anything with them. Now the revenues of his two other stores amount to more than $40,000 per year. Looks like a considerable sum!
Mousslim has also been succeeding in dropshipping. His revenue for less than a year amounted to $455,000. Can you believe this? By the way, he has only one online store, because he doesn’t have enough time to launch some more ones. He is happy that he doesn’t have a boss, work-schedule, and but he can allow himself to travel as much as he wishes.
What conclusion can we draw from all these numbers?
Dropshipping puts no limits on your profits
As you can see, each and every particular dropshipping store owner has a dramatically different level of income. Still, there is a striking similarity: all the owners are not constrained by any specific terms or requirements. They saw no limits on the amount of conducted sales, pricing markup, overall revenue, etc. Whatever the income amount is, it’s all yours. That’s exactly the thing that makes you highly motivated to keep developing the store, and aim higher.
It’s not necessary to have any experience in dropshipping or ecommerce
When talking about the people who decided to go in for dropshipping, you may have noted that the majority of them had no experience in dropshipping at all. And despite this fact they successfully operate in this kind of business. The experience in IT, digital marketing, or exactly in dropshipping, certainly, will greatly assist you when running this business. Nevertheless, let me assure you that using AliDropship solution for dropshipping you can successfully launch a store and make it profitable even without a background knowledge.
No obstacles are significant enough to put your dropshipping income at risk
Life goes pretty fast, and lots of events can directly or indirectly influence your dropshipping business performance.
For example, Mousslim’s success story reveals that he has unknowingly launched his business during the Chinese New Year (the time when the majority of AliExpress sellers go on a vacation that can last for up to several weeks). Fortunately, he still managed to run his business with the maximum efficiency possible, thanks to the flexibility of dropshipping business model. With due preparation, your store will still make enough money no matter what the circumstances are: Chinese New Year, Black Friday, or your own vacation.
There is more to dropshipping business than just money
This idea is expressed very clearly in Otto’s success story: on numerous occasions, he mentions that there is a huge difference between running your own store and working for somebody. In Otto’s opinion, the fear of having to work for someone else’s benefit is the most powerful motivator to run your own venture.
As you can see, the answer to the ‘how much do dropshippers make?’ question depends on multiple factors which you, fortunately, can control and regulate by your own efforts. The best part? However much you earn in your self-owned store, it’s all yours!
For too long, the internet is buzzing with these two terms- drop surfing and drop shipping. To be honest, there isn’t a hell and heaven difference between the two. To put it in clear words, drop surfing is essentially a specialized part of drop shipping.
Let us get into the details of both the aspects to give you a better idea of what the term means.
Drop shipping – the idea mapped
Drop shipping is essentially the idea of opening an online portal and displaying products that you do not manufacture or own. What you do is have the right contact with suppliers who deal with the high-quality manufacturing of these products.
Now, your core focus would be on marketing them so that customers end up placing orders on your site. As soon as you get an order, you contact the supplier who in turn ends up shipping the product on your behalf. So, you are not involved with either the manufacturing or the storage and shipping aspect. Yet, you end up with a sound profit-making business model. This idea is known as drop shipping where the right marketing efforts and the best connection with the right suppliers can help you belt a good amount of profits.
Drop surfing- the idea mapped
Now, drop surfing can be hailed to be a specialized part of drop shipping in the sense that the rest of the logic and the system remains the same. The key difference is in the fact that rather than relying on the same supplier, you are always surfing between the possible supplier options who deal with the same product.
The key here is to find the supplier who charges the least price. Often it so happens that a supplier may end up hiking the price after a few orders. As soon as they do this, you end up shuffling to another seller who may be offering a better quotation to you. In this model, you end up maximizing your profits as you are choosing the right seller who is going to quote the least price to you.
However, what some people need to understand is that often in this form of business model, some people end up spending too much of the time looking at the different sellers, analyzing their price. In this process, you may end up missing out on the marketing front which in turn can cost you the order quantity.
So, while drop surfing is the model that can help you gain a better amount of profits when compared to the drop shipping model, you have to measure the time and effort trade-off as well.
There are a lot of drop shippers who have been using the policy of drop surfing without even knowing that this was a different model. So, try to have a pool of suppliers and examine the trend and pricing while devoting the right time towards your marketing efforts. The focus should always be on gaining a huge order quantity.
A lot of people who are looking to try new and modern business ideas with limited budget and resources are jumping to the idea of drop shipping. It is a new and modern form of business wherein you don’t manufacture or own any products but have an online store of yours with a product catalog.
What you essentially do is have an arrangement with suppliers who make these products and adhere to the best of quality. Every time you get an order for any of the products displayed on your website, you talk to the supplier and the supplier in turn ships the order for you. So, in these cases, you end up serving as a middle man who helps the customers get the products they want and the suppliers, in turn, get extra orders because of you. This is a great way to make money.
As you are not involved with the production, storage, and even the distribution process, you can easily focus on the marketing of your website which in turn will fetch you a greater number of orders.
Can drop shipping business be carried with zero budget?
Ideally, no business can be carried out with a zero budget. You will need some kind of preliminary investment for the sake of starting your venture. As soon as you think of starting a drop shipping business, you will first need to get a domain. Buying a domain involves money. When you have done this, you have to put in marketing efforts. Along with it, the designing and development team too needs to start their work. This is not all, as there has to be a dedicated team in place which will look into the smooth operation of your online portal.
So, it would be wrong to say that you can carry out the business with zero budget in mind.
Is it a profitable venture?
When it comes to drop shipping, there is a definite chance of gaining the right kind of profits. As you are going to sell the products on a premium based on the price quoted by sellers, you are going to earn a little on every order.
So, if you want to amass the right kind of profits, make it a point to procure as many orders as you can. The more the orders, the more substantial would be the profit accumulated.
These are some of the details which can come in handy as far as drop shipping business is concerned. Now that you are acquainted with the specifics, it is easier for you to start your venture. The key also lies in finding the right set of suppliers who always make it a point to manufacture the best kind of products. Sticking to the right quality guidelines is an absolute must to make sure that your customers keep coming back for more.Also, do a little price analysis as well to make sure that you can maximize the profits with the arrangement. All the best!
What is drop shipping?
It is a new and modern form of business wherein you don’t manufacture or own any products but have an online store of yours with a product catalog.
Currently, the ‘drop surfing’ word seems to have caught the buzz on the internet. There are too many marketing gurus who are educating about what is drop surfing and how you can make tons of money by doing it right
So, let us shed some light on what is drop surfing and understand the related details.
The drop surfing model
Before we talk about drop surfing, we need to introduce drop shipping as it is a broader parent term that has been in vogue since a long time.
Drop shipping refers to the practice of having your own store but not maintaining stock. Every time you get an order, you buy it from a third party supplier and the supplier directly ships it to the customer. So, the merchant never handles the product himself; they act like a simple middleman.
Drop surfing is a specialized version of drop shipping as it involves the practice of constantly analyzing the different suppliers who deal in the same products. You choose the best supplier who is charging the least amount. Whenever the supplier increases the price, you surf among the wave of options available and shuffle the supplier by choosing the one with the new least price quotation.
So, drop surfing essentially involves surfing the wave of supplier options constantly on the lookout for the best price to maximize your profit margin.
You now have a clear picture of what is drop surfing and why too many internet gurus are fixated on it. When you look at a small order quantity, drop shipping and drop surfing won’t make much of a difference. But, if the order amount is massive and is a wholesale quantity, this strategy can bring in a huge difference and it can help you amass a lot of extra money.
The things to keep in mind
While there is no doubt that drop surfing can help you make more money as compared to drop shipping, you need to understand the value of time and effort entailed in research.
Always keeping an eye on the wave of suppliers and their constantly changing pricing might not be the easiest thing to do. The key reason behind the massive popularity of the drop shipping model is that it doesn’t involve a great deal of time.
You can channelize this time to actually market your website because it all boils down to the number of orders you are getting. So, if you spend a large part of your time looking for best price among suppliers so as to tap the most out of drop surfing, you may end up losing out on marketing which will impact the order volume.
The key thing here is to make the right trade-off. You can always have a pool of suppliers with you among whom you can compare and contrast the prices to come to the right decision.
Everyone wants to maximize their profits, but do not do it by compromising in the net orders which you are going to get as it would be a failed move.
What is drop surfing?
Drop surfing is a specialized version of drop shipping as it involves the practice of constantly analyzing the different suppliers who deal with the same products.