A lot of our readers have been asking ask how to start a dropshipping business with no money. Is it even possible? We will show you how to do it in the guide.
Why Start a Dropshipping Business?
Starting a dropshipping business is a great way to get started in eCommerce without investing much money upfront. It is a business model in which you sell products without having to carry any inventory. You just need to get in touch with the supplier once a client puts an order on your website; the supplier will then send the goods right to the consumer. Its businesses can be run entirely online, which makes them ideal for anyone who doesn’t want to deal with the hassle of physical storefronts.
How to Start a Dropshipping Business With No Money
If you’re thinking about starting a dropshipping business, there are a few things you’ll need to do to get started. First, you’ll need to find a niche market and a supplier.
Then, you’ll need to create your online store and start marketing your products. And last but not least, you’ll need to fulfill orders and market your products.
How to Begin Dropshipping?
Okay, so you want to begin your dropshipping company. You have some excellent ideas that are unique to you, and you believe you’ll have the competitive advantage to succeed. So what do you need to do to take things to the next level? How do you step things up from a great idea to an actual working business model?
Step 1: Create a store
A storefront can be created in a variety of ways. You can use a platform like Shopify, which provides you with everything you need to get started, or you can use a more DIY approach and create your website. It has a free trial as well so you can start with it for free.
If you want to create a store, the first thing you need to do is decide what you want to sell. Once you know that, you can start creating your product listings and setting up your payment processing. You’ll also need to decide how you want to ship your products to your customers.
Creating a store takes some time and effort, but it can be a great way to sell products and services online.
Step 2: Find a Supplier
Now that you have an idea of what product you want to sell, you need to find a supplier. A supplier is a company that manufactures or produces the goods that you will sell. For example, if you want to sell shoes, you would need to find a shoe manufacturer or wholesaler.
There are many approaches to acquiring suppliers:
- You can search for suppliers online. Many websites list suppliers in various industries.
- You can attend trade shows. Manufacturers and dealers exhibit their goods at trade exhibitions. This is a great way to see a wide variety of products and meet suppliers in person.
- You might also seek suggestions from other companies in your sector. If you know someone who sells a similar product, they may be able to tell you who their supplier is.
- A very popular dropshipping platform dropshippers use is AliExpress.
Step 3: Invest Your Time
The third step to starting your own dropshipping business is to invest your time. This doesn’t mean necessarily quitting your day job – although that is an option. It does mean, however, that you need to commit to working on your business regularly.
If you can only commit a few hours a week to your business, that’s okay. Just be consistent and make sure you’re using your time wisely. You can always increase the amount of time you invest in your business as it grows.
Always keep in mind that launching a company is a marathon, not a sprint. And the more time you can invest in your business upfront, the better off you’ll be in the long run.
Step 4: Market, Market, Market
With over 2 billion active users, there’s no doubt that Instagram and TikTok are two of the most popular social media platforms. And for businesses, that means there’s a huge potential customer base to reach. But how do you market on Instagram and TikTok for free?
The first step is to create content that is relevant to your target audience. Create a new profile on Instagram and TikTok and start posting interesting photos or videos to build your followers.
Get creative with your hashtags when adding it to photos and videos. Hashtags are a great way to reach new people and get your content seen by more people. But be sure to use relevant hashtags that will actually get you noticed by your target audience.
Finally, don’t forget to interact with other users on both platforms. Like and comment on other people’s posts, and follow users who may be interested in what you have to offer. By taking these steps, you’ll be well on your way to build a large audience on Instagram and TikTok for free!
Once you have your group of followers, you can start promoting relevant products on your Instagram or TikTok without having to spend money on expensive ads!
Click here for a guide on how to source for products
Where Can I Find a Supplier That Can Help You With Dropshipping?
The best way to find a supplier that can help you with dropshipping is to search online. There are many directories and forums where suppliers are listed, and you can also search for specific keywords to find relevant suppliers. You can also contact dropshipping companies directly and ask if they can help you with your business.
We’ve compiled a few sites that can help you fulfilled the products on your listing.
1. AliExpress
The Alibaba Group owns AliExpress, a Chinese-based online shopping business. It is one of the largest online retailers in the world, with over 400 million active users. Among the many things available on AliExpress are goods for the house, electronics, and clothes. It is a popular destination for online shoppers due to its low prices and vast selection.
Pros:
- Wide selection of products
- Often cheaper than other marketplaces
- Good customer service
Cons:
- Long shipping times
- Some sellers are not reliable
- Products may not be as described
- Some products may have quality issues
2. Wholesale Central
Wholesale Central is one of the leading directories of wholesalers and businesses that sell products in bulk. It is a great resource for entrepreneurs who are looking to start their own business or for established businesses that are looking for new suppliers. All of the businesses listed in the directory are verified and qualified, so you can be confident that you’re getting high-quality suppliers.
The site also includes a directory of wholesalers, as well as a forum where businesses can ask questions and share information. Wholesale Central is a great way to connect with other businesses and to find new suppliers.
View Details3. CJ Dropshipping
CJ Dropshipping is one of the leading dropshipping suppliers in China with over 10 years of experience. They offer a one-stop solution for dropshippers with over 1 million products across various categories including electronics, beauty, and more. In addition, they provide free shipping on all orders and have a strict quality control process to ensure that only the best products are sent to customers.
CJ Dropshipping also offers a 24/7 customer support team to answer any questions that you may have. Overall, CJ Dropshipping is a great option if you are looking for a reliable and affordable dropshipping supplier.
Pros:
- No need to carry inventory
- Low start-up costs
- Easy to set up and run
- Fast shipping
- Local warehouse are available in some popular countries to ship products faster
- Branding is available for dropshippers
- No minimum volume, great for new dropshippers
Cons:
- Dependent on third-party supplier
- Higher shipping costs
- Small selection of products
4. DHGate
DHGate is a Chinese e-commerce website that offers a wide variety of products, including electronics, fashion, and home goods. The website is popular with international buyers because it offers competitive prices and a wide selection of products. It also offers a buyer protection program that covers buyers in the event that they do not receive their order or if their order is not as described.
View Details5. Banggood
Banggood is an online retail company that specializes in selling electronics and other consumer goods. The company was founded in 2004 and is headquartered in Guangzhou, China. Banggood has a wide selection of products, including cell phones, tablets, laptops, watches, and more. The company also offers free shipping on many of its products, making it a great option for those looking to buy electronics online.
If you’re looking for a reliable and affordable online retailer for electronics, then Banggood is a great option to consider. With a wide selection of products and free shipping on many items, Banggood is sure to have what you’re looking for.
View Details6. Dealextreme
DealExtreme is an online retailer that specializes in selling a wide variety of items, including electronics, tools, and outdoor gear. The company was founded in 2005 and is headquartered in Hong Kong. It is a popular destination for online shoppers looking for deals on high-quality products.
The company offers a wide range of products, including:
- Electronics
- Tools
- Outdoor gear
- And many more…
It offers free shipping on all orders, and the company has a 100% satisfaction guarantee. Returns are easy and hassle-free.
If you’re looking for deals on top-quality products, then DealExtreme is the place to shop. With a wide selection of products, free shipping, and a 100% satisfaction guarantee, you can’t go wrong.
View Details7. Salehoo
Salehoo is an online directory of wholesale suppliers anddrop-shippers. It offers a wide range of products from over 8,000 suppliers and offers access to millions of products at wholesale prices. Salehoo also offers a wide range of services to help businesses with their eCommerce needs, such as web design, marketing, and logistics.
View DetailsDo You Need a Website to Dropship?
The answer is yes, you do need a website to dropship. Dropshipping websites are the foundation of a successful dropshipping business. They provide a platform for customers to browse and purchase products, and they allow businesses to connect with suppliers and manage orders. If you’re serious about starting a dropshipping business, then you need to create a website.
Does Dropshipping Need a Business Bank Account?
When you’re setting up a dropshipping business, you might wonder whether you need to set up a separate business bank account. The answer is that it depends on the country you’re in and the bank you’re using.
In the United States, for example, you don’t need a separate business bank account for your dropshipping business. You can use a personal bank account as long as you use a business name that’s different from your name.
However, in some countries, like the United Kingdom, you must have a separate business bank account for your dropshipping business. This is because the bank will want to know the nature of your business before they open an account for you.