The Complete Guide to Dropshipping

What is dropshipping?
Dropshipping is a type of online business that in recent years is becoming more and more common because it follows a process where it focuses on the sale of products without having an inventory since the supplier or manufacturer of the product makes the shipment directly.

Does dropshipping work?
Of course, it works, if you do it correctly. Since it became fashionable it has become quite mythologized, but working correctly it is very profitable. Do not expect to become a millionaire in a few weeks as many show online, but if you can generate income to devote full time earning well.

What are the advantages of dropshipping?
°It allows you to start a business with little investment and very low risk. Unlike traditional e-commerce, by dropshipping you don't need to invest in the initial stock, and you don't even have to worry about logistics, this makes it incredibly easy to get into this business.
°You only pay for goods when you already have a confirmed purchase. You don't make any initial investment, you practically don't need money, since you will buy the products once they are paid to you.
°You do not need to invest in product storage and inventory. Having products stored implies much more work than you can imagine, not only is it having a place available but also the picking and packing process whereas you grow you need to hire personnel and this implies payroll and fiscal and tax issues.
°You can offer a wide and varied catalog of products. By not having to store the products, you have a wide catalog without limit to offer a large amount of product.
°You could start almost immediately. You just need to set up an online store, choose the products, and start selling.

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The opportunity in Mexico
I think the opportunity to create Internet business in our country is now, since 2020, the confidence in e-commerce has quintupled and with business models such as dropshipping, allow us to take advantage of this opportunity to start generating income quickly and without much effort, as we do in eCommerce in which the goods if we have it in the warehouse.

So I think you should create your online store in WordPress and with the help of Woocommerce create a dropshipping store, taking advantage that WordPress is free and is very robust, you do not need to invest to create your store more than in the purchase of your hosting and domain for which we have discounts here at MarketHax with which become super economical.

We also have a free course to create your online store with WordPress and then you can integrate dropshipping.

On the other hand, once you already have your online store in WordPress, you could do a manual process to start integrating the products but this will take you weeks or months even while you do all the process involved manually.

How to dropship?
°Find a winning product. This is the key point and I consider the most important to determine the success of a dropshipping business. You need one or a series of products with a high probability that your future customers will buy it. Research and analysis are key in this first step.
°Determine the prices with your profit margin. Once you have selected the products you must determine the prices you are going to charge in your store, these should be the cost for you according to the supplier, adding the profit you want to have, that is, your profit will be the difference between the cost of purchasing the product and the price your customer pays you.
°Promote the products. In this step, there are different strategies, the most popular and usually give the fastest results are ads on social networks such as Facebook, Instagram, Pinterest, TikTok. Another way is through ads on Google and making medium-term plan positioning strategies in Google, ie SEO.
°You get the orders. Customers who saw your ads, come to your online store and buy the product. The payment is made directly to you through the payment gateway, either with PayPal, credit card or even cash payment at Oxxo.
°Place the order with the supplier. Once you have received the order from your customer, it is time to place the order to °your suppliers, you must enter to make the purchase for the amount that you had already considered, and here is where you have your profit since the payment to the supplier is lower, according to the margin that you established in step 2. In this step, you must put the customer's address as the delivery address.
Your supplier is in charge of the delivery. This is one of the great advantages of dropshipping, at this point you do not have to worry about, because your supplier will take care of the entire logistics process that involves the shipping and delivery of the product and you do not have to worry about this step.

Dropshipping suppliers

AliExpress
Although there are more and more dropshipping suppliers, there is no drop shipping supplier as big as AliExpress where they already have more than 100 million items, there is simply no supplier in the world that compares.

Sellers from all over China and now the world use this platform to sell their products. No matter what kind of product you are looking for, you will find all categories in their catalog. So to find truly winning products the best dropshipping provider is AliExpress.

Oberlo
This is another option that is used although it is far from being as robust and having a catalog as wide as AliExpess, however, I don't recommend it mainly because it doesn't work with WordPress, which makes working with them expensive.

Printful
Another dropshipping supplier option is Printful, although it differs a lot from the first two options as they focus only on printing and distribution of garments.

The truth is that they are a good alternative for dropshipping products of this type and they know the market very well, in fact, they work a lot with drop shippers.

The disadvantage I see is that it is exclusively clothing, if you are looking for something with clothes, they are a good option, but if you are going to start, I think I would suggest you to look for more innovative products as it is somewhat saturated the issue of clothing.

Unless you are a designer or illustrator, this would allow you to quickly and easily print your designs, if you are one of them, I definitely recommend it since you save a lot of processes and concentrate on illustrating and selling, while they do everything else.