Is dropshipping profitable in India
Is dropshipping profitable in India ? -This is a very frequently asked question young entrepreneur in India ask me in real life. Glad to answer this - The reason for success is common, dropshipping or any other business. Right product, Right marketing and Good luck
There are many benefits when you're starting a dropshipping business
# 1 Less investment Is Required
The biggest advantage of dropshipping is that it's possible to launch a money making store without investing big money upfront in inventory. With the dropshipping business model, you don't have to buy a product unless you already made the sale and have been paid by the buyer.
#2 Easy to Manage
With dropshipping, you never have to worry about
Rentals for a warehouse
Managing stock level
Packing and shipping your orders
Handling returns and inbound shipments
# 3 Low operational expenditure
Because you don't have to buy inventory or pay for a warehouse rental, your operational expenditure are quite low. In fact, you can start your dropshipping businesses from home office with a laptop
Proven steps you can follow to guarantee your success in dropshipping business
There is a proven sequence of steps you can follow to guarantee your success when you're dropshipping business in India. You can also start and grow a profitable online business by doing the following:
#1 Right Product
Your product is key factor for your business success or failure and it is vital that you invest a lot of time finding the right product that will guarantee your success .If you choose a bad product and follow all other marketing steps perfectly. Meaning competitive price, high quality images, SEO, etc.Guess what happens?Yup, you are sure to fail and lose your hard earned money.
Checklist of good dropship product requirements
- Average Product Sale Price Between Rs 300 to Rs 500
- Should be lightweight(Preferably under 500 grams)
- Should be unbreakable
- Should be Year-Round Seller(Not Seasonal)
- Similar Products Being Sold on eBay and Amazon
- Should make profit of 25%- 50%
#2 Right Marketing
As marketing is the only way through which you can create more awareness of your website or store. SO, it should be very powerful and targeted, as a result to attract more customers to your business.One of the best ways of doing this is through the creation of SEO-friendly sales content that works to engage consumers while simultaneously increasing your brand’s organic search traffic.
- Arouse interest with a eye catching headline.
- Describe the solution your product offers
- Establish your credibility as an expert .
- Use testimonials from people who have used your product.
- Describe about the product in an effective way and show how it benefits the user.
- Give some offer.
- Create urgency
- Ask for the order
#3 Use Social Media
Social network marketing is the best option for an online store. Post & share it to relative online forums, facebook, twitter, linked-in groups & pages consistently.. The best way to increase engagement on social media is by adding relevant images within your posts. Embed social buttons within your site and within your marketing communications to increase the number of impressions on your social networks. Most dropshipping stores have social sharing buttons displayed prominently to encourage readers to share the product
#4 Start Email Marketing
Email marketing is a easiest way to reach out to targeted customers and increase your store profit! Search for facebook groups where your target audience is active and extract their mail Ids. You can also reach out to other new stores from the same niche and barter email database. Use a striking subject line that is of interest to receiver and keep the content simple and effective.
# 5 Good Luck
Good luck is about being in the right place at the right time when it matters .For Sure, your dropship business success is no different to success in life. luck plays a major part, but to have a successful dropship business you also need to have put yourself in the position to use the luck when it happens. We can be more successful by tranning to be Lucky in the following way:
"people receive good luck via four basic fundamentals. They are expert at finding an opportunities, make lucky commitment by listening and acting to their intuition, full of positive expectations, and adopt a resilient attitude that transforms bad luck into good."