If you’re here, one thing is certain. You wish to become an entrepreneur and you want to earn money. With tons of business opportunities online, it can get quite intimidating to select the right one for you.
Today, I’ll share one of the recent and famous business models which can help even beginners become entrepreneurs and make money online.
So, What Is This Aliexpress Dropshipping?
AliExpress dropshipping is a business retail model which has been there for ages. However, it just started off a few years ago online and has been a favorite of many digital Gurus that has helped people not just earn a passive income but create a multi-million dollar empire from it as well.
Here’s how it works.
This business model lets you sell things online without keeping any inventory or product stock. It means you don’t have to invest tons of money and risk losing everything to make money online with AliExpress dropshipping business.
A simple AliExpress dropshipping process works as follows:
- The buyer selects a product from your web store.
- He makes the payment and places an order.
- You pass the order to your AliExpress supplier.
- He then packages and ships the order on your behalf to the customer.
- The customer receives his package and you earn your profits.
Isn’t that easy? Well, trust me, it’s even simple once you get the things right.
But first, let’s see some of the benefits of this dropshipping model.
→ Perfect For Beginners
If you’re just starting out as a newbie to start your entrepreneurship journey, dropshipping is the perfect option for you. You only have to set up your online store and select the products for your store to get started.
This is a great way, to begin with for beginners who can set up their business without having to keep an inventory or own a physical store.
→ You are saving tons of money
While most businesses require you to invest a lot of money even before you begin, dropshipping is quite different here. Because you don’t own any products, you don’t have to rent a warehouse to store them as well.
You only have to spend money to place the order with the supplier once the customer has placed an order himself. Therefore, you’ll never have to face the difficulty of selling the stock that couldn’t sell.
→ You can reach a larger audience base
Dropshipping means your store is based online. This also implies that you can reach a larger audience spread across the globe in just a short while. Your customer can be sitting on the other end of the world, speak another language and he/she will still be able to make a purchase from you with the help of the dropshipping model.
→ You can experiment all you want
We understand that starting your own business is both fearsome and an experiment in the beginning. Yes, an experiment. Where traditional business model may hold you back, dropshipping makes it easier for you to try new ideas and implement them in your business.
If the product category chosen by you doesn’t seem to be doing well and you want to switch to something better or trending, you have that freedom to do it with dropshipping business. Just delete the previous products and fill your website with new items.
→ Get your business started anytime, anywhere
Dropshipping makes you free to choose your own time and place. All you need is a good internet connection and any place can become your office- be it your home, garden or a favorite coffee place.
Think of the life you have always dreamed of and you can achieve it with your own dropshipping business.
→ You can spend more time on marketing and make profits
To make any business profitable- dropshipping included, you need to attract the audience and share your presence with the world. Simply stated, you need to bring your focus to marketing, advertising, and promotion of your online store.
Because the supplier takes care of tasks like inventory, packaging, and shipping, you can devote all your time to your promotion and marketing strategies.
Let’s see how you can start your own AliExpress dropshipping business
1. Research & Find Your Niche
This is the key part of any and every business that you just can’t miss. Finding what you want to sell and what can be sold has to be understood. This is where niche comes in.
In dropshipping, products and promotion are everything. If you have the right products and you promote them in a correct manner then you’ll definitely make money with this business.
So, how do you decide which product is right for you?
Well, it’s quite simple. Make up a list of categories (or niches) you’d want to work for, the ones you, your friends, and family would like to buy. Now be picky and select the 10 best items.
Another sure-fire way to find a profitable niche is by looking at AliExpress hot items and best selling products to see what’s trending around the world. This will give you an idea of what to sell and select for your store.
If you’re the one who likes graphs and stats, you can also search for hot items with a keyword search on Google Trends (It’s free!)
Now, once you have your product niche decided, let’s see what’s the next step.
2. Set Up Your Web Store
In a physical world, you’d have to go out and rent a shop or buy a warehouse to begin your business. However, set up of your dropshipping store is relatively easy.
First, you need to pick a domain name which would be the store or business name. Try to keep it short, catchy and relevant to your niche. For instance, if I’m selling accessories for dogs, I’d name it dashingdog.com or accessories4dog.com.
In this manner, the name is both interesting and relevant to my dropshipping niche as well. Next, you should select a .com for universal acceptance.
Moving on, you’d also have to select a web hosting provider for your website. Web hosting is essentially like paying rent for Internet space your site acquires. You can select from a range of Web Hosting service providers to suit your budget and needs.
Now, for dropshipping, you can use two platforms which are the best ecommerce platforms to set up your AliExpress dropshipping store.
Let’s discuss them in brief:
Shopify is an out-of-the-box solution to create your own dropshipping store starting at $29/month and owns your store data.
WooCommerce is a free open-source platform where you’d be in complete control of your web store and can literally implement any function with thousands of free plugins and extensions in WordPress.
If you’re looking for a hands-off solution for your AliExpress dropshipping solution and have a good budget, you can go for Shopify or select WooCommerce for creating a custom fully-functional dropshipping store.
For the look and feel of your store, you can select from free 10 Shopify themes or buy the paid ones. Or, you can select from hundreds and thousands of free themes available in WooCommerce.
Now, let’s move to the next step.
3. Add Products To Your Store
Once you have your store set up, it’s time to add products!
Go to AliExpress.com and search for the products for your niche. For instance, if you’re selling dog accessories, you can look for that in AliExpress and select the products which have the following:
Good Supplier ratings
Once you have found such products, contact the supplier about dropshipping discounts and deals. Next, you can decide your markup price for the product and add it to your store.
Well, you’ll have to manually select each product and variants and add them to your store. Or you can select a simpler approach and automate your AliExpress dropshipping processes like importing products or updating inventory with third-party tools for Shopify and WooCommerce.
Promote Your Store
As discussed above, promotion is a key point to make sales in dropshipping business. You’ve great products and a beautiful store but it’s of no use until people know about it. In order to avoid getting lost amidst millions of stores like you, store promotion becomes something of utmost importance.
Use the power of Social media and promote your store on Facebook, Instagram, Snapchat, Pinterest and also, do Content Marketing and Inbound Marketing to improve the organic ranking of your store.
What Else You Need To Know As a New Entrepreneur?
AliExpress dropshipping is one of the easiest and most flexible businesses you can start with to become a successful entrepreneur. However, you can’t skip hard work, perseverance, and consistency.
Remember, it’s a business model and not a magic pill that you can pop and money will come on its own. No, it doesn’t work that way.
In order to succeed and grow, you’ll have to be persistent in your endeavors and keep going. To make things easier, most successful dropshippers know the secret sauce and you know it too!
It’s called knowing how to run a seamless business and focusing on the right things. Once you know which products you want, select a dropshipping automation tool and let it take care of the repetitive and time-consuming tasks for you.
This way, you’ll have more time on your hands to decide and implement the right marketing strategies for your store and earn huge profits.
So, that’s it!
Now, go and make your dreams come true with your own AliExpress dropshipping business.
Author-Bio: Hi. I’m Rebecca, a Content Developer at WooDropship (AliExpress Dropshipping Automation tool). It helps to import dropshipping products to their store, manage their online inventory and more to make money online faster.