PASSIVE-INCOME BUSINESS IDEAS ‘GUARANTEED’ TO MAKE YOU MONEY

Many of us still think that starting a business means we need a certain degree of capital, money or goods upfront, but in the digital world of ecommerce these things are not always necessary. A case in point is dropshipping whereby the retailer doesn’t actually keep goods in stock but acts as a conduit to transfer customer orders and shipment details to a supplier who then ships the product directly to the customer.

PASSIVE-INCOME BUSINESS IDEAS ‘GUARANTEED’ TO MAKE YOU MONEY - dropshipping image

There are many benefits to dropshipping both in terms of income, no requirements for stock and low risk and reading around the topic will give you a picture of how dropshipping works. Once you have assessed this by researching and understanding the concept you will want to take the first steps towards setting up your business.

For entrepreneurs who want to make money without a big investment this model is ideal, and this type of business is flexible and can wrap around other jobs or commitments that people may have. In addition, setting up and starting to run a shop is relatively straightforward particularly when combined with an essential dropshipping app to enhance and simplify the process. Just make sure you truly understand what dropshipping is before diving in head first.

OBERLO

One such dropshipping app is Oberlo which provides an effective tool to assist with dropshipping and enables integration of products from a number of suppliers to your shop to create an even simpler and more streamlined service.

Oberlo provide comprehensive guidance on how to set up your shop on ‘Shopify’ which is one of the premier ecommerce platforms used for setting up a dropshipping business. The platform is easy to use and doesn’t require any prior technical expertise and entails a number of steps including creation of a name and account and designing that all-important look for your shop prior to launching.

WHAT TO SELL IN YOUR STORE

Once you have completed the steps needed to set up your shop, you will need to begin to add products so that you can start to reap the financial benefits of dropshipping, and this is the point to install the Oberlo app which works as a platform to import dropshipped goods into your Shopify store and is the leading app on the market.

OBERLO PRODUCT SUGGESTIONS

Oberlo have created a guide with a range of great suggestions for what to sell in your shop and methods you can use to find out what might be the best items to include, and the site also lists a number of unique products such as moon lamps, gold-plated flowers, dog water bottles and puzzle mugs to name a few suggestions.

DROPSHIPPING SKILLSET

Typical skills that an dropshipping entrepreneur will need include sales, marketing, customer service, creativity and time manangement to name a few, but the beauty of this kind of business is that with perseverance and determination to succeed some of the skills needed can be developed en route to becoming a successful dropshipping entrepreneur!