How to start a successful 6 figure Amazon Dropshipping business in 2022
Amazon has become one of the most trusted online retailers, and drop shipping has become one of the most popular ways to make money selling on Amazon.
If you’ve been considering the possibility of making money selling on Amazon, but have been unsure how to get started, this article is for you! In it, you’ll learn about all the steps involved in getting your store set up and selling your first product on Amazon.
What is Dropshipping?
Dropshipping is a business model in which e-commerce retailers do not keep goods in stock. Instead, when a customer orders a product from the retailer, they fulfill the order by purchasing the item from another supplier and then ship it directly to the customer’s door.
When starting out with dropshipping, there are many variables that need to be considered including where you purchase your inventory and how much money you are willing to invest up front. It is also important to consider what products you want to sell as well as how much of an inventory your store can hold based on its size and location.
How Does Dropshipping Work?
Dropshipping is the process of selling products without holding any inventory. When a store owner receives an order from a customer, they simply contact the supplier, who will then ship the items directly to the customer’s door. The store owner doesn’t need to worry about which warehouse their inventory is stored in or how to package and deliver orders.
How does this work? A store owner decides what product they want to sell and finds a dropshipper that offers that product. They connect their online shop with the dropshipper’s API (a set of instructions telling the site how to link up with another company’s software) and list the available products on their online store. They take orders from customers on their site, then contact the dropshipper whenever someone purchases one of those items.
If you’re just getting started, we recommend using Oberlo for setting up your initial amazon drop shipping business!
Why Amazon dropshipping
What if I told you that you can take advantage of the FASTEST GROWING retailer in the world to build a growing business? Instead of struggling to gain traffic on eBay whose popularity is shrinking every day for years now, or trying to build your own store on a domain that no one has ever heard about, why not sell alongside Jeff Bezos?
That’s right, dropshipping on Amazon is THE BEST WAY to build a passive income online business in 2022 with no investment upfront. Follow along as I guide you every step of the way from complete beginner to profitable seller on Amazon.
The Pros and Cons of Dropshipping
Dropshipping is a great way to start an online business with relatively little investment. It can be difficult, however, to find the best products and negotiate prices with suppliers. The key is to focus on high-demand items that have a low price point. That way you can offer competitive pricing without too much risk for yourself.
1 Inventory isn’t weighing you down.
The learning curve for inventory control can be challenging. For new Amazon sellers, the hill might often seem too steep to climb. Dropshipping relieves you of the responsibility of managing physical goods, allowing you to maintain whole focus.
2 It keeps startup costs low
Other shipping options, especially Amazon Fulfillment by Merchant (FBM), might become prohibitively expensive. Just consider all the materials you’d have to ship alone! That ought to be plenty to keep you away from FBM
3 The increased ability to test more products with less risk
You can work with different suppliers and smaller order volumes when you dropship. You avoid doing big production runs that can leave you with extra merchandise you can’t sell. Dropshipping gives you the flexibility to experiment for extended periods of time until you discover a product that becomes your first big hit.
1 Less control over the fulfillment process
There may be certain disappointments if you trust a third party with inventory management and order fulfillment. Even if the dropshipper makes mistakes that are beyond your control, your business will still be impacted.
2 Lower profit margins than other fulfillment options
Amazon drop shippers frequently experience lower profit margins than those that use Fulfillment by Amazon or another Amazon fulfillment option (FBA). It’s straightforward economics: You’ll spend more per unit because you’re purchasing fewer things from your suppliers, which will reduce the margin.
3 Maintaining a high customer service standard is challenging
Customer service concerns multiply because fulfillment and inventory control are handled externally. If you’re running a tight ship, it can be difficult, if not impossible, to treat every client concern with a high level.
Finding Products to Sell
To find products to sell, there are two popular methods. The first is sourcing from wholesalers and manufacturers. You can find these by looking for suppliers at trade shows or in the product category of a large online retailer like Amazon or Alibaba.
The second method is finding products you would want to buy if you weren’t dropshipping them and then finding the supplier for those items.
Listing Your Products on Amazon
The first step is listing your products on Amazon. This can be done by creating a product detail page, which is the information that appears on the main page of an item on Amazon.
Next, you’ll need to create a Fulfillment by Amazon account and choose a warehouse from which you want your items shipped. Finally, enter your products into the inventory management system and start selling!
Shipping and Fulfillment
The first step in starting an Amazon dropshipping business is to select a product. The key here is selecting a high-demand, low-competition item. This will allow you to get in on the ground floor and establish yourself before other sellers come in and start undercutting your prices.
After deciding on a product, you need to find a supplier who can ship the items directly from their warehouse. You also want them to have an FBA program so you don’t have to worry about order fulfillment or any customer service issues.
The next step is finding a way of getting paid – whether that be by cash, check, or credit card.
Marketing Your Products on Amazon
Amazon is a great place for dropshippers because it has a lot of traffic that often leads to sales.
There are many different tactics you can use to market your products on Amazon, but the one I prefer is called paid search advertising. With this approach, you create an ad that appears when people do a specific type of search on amazon.
The next step is figuring out what words and phrases potential customers will type into the search bar when they are looking for your product.
This way, when someone types in those words, they will see your ad and hopefully click on it, which will take them directly to your product listing on amazon where they can buy it.
If you want more information about how I did this with my own business, make sure to read this entire article we have prepared course that will show you how to do it to your own business too
Growing Your Business
Growing Your dropshipping business can be a very difficult task.
However, if you are able to come up with some of the best strategies for success, it can be done and you will find that the hard work is well worth it.
First of all, it is important to understand what amazon drop shipping is and how it works before starting this process. Once you know the basics, then you can get started on how to start amazon drop shipping.
Learn Amazon Dropshipping
We have created a full course on how to start amazon dropshipping this course will show you all you need to get started with amazon dropshipping .
You will learn how to find products, create and manage your inventory, and we also teach you how to market your products. In the end, we go over the financials of being an amazon drop shipper and help you figure out if it is for you.
In this course, I will show you each step. From opening an Amazon Seller Account, setting up all its settings, finding a supplier, building a method to spot hot items, ship your items, deal with issues/returns, etc.
What you will learn the course
- 1 What is Amazon dropshipping and how to start
- 2 How to find profitable products to dropship
- 3 How to set up and use Repricehub – the best all-in-one price monitor and repricer for Amazon dropshipping!
- and much more!
1 Having some basic computer skills is all you need!
2 No previous experience!
Online Arbitrage (Drop Shipping) is one of the most valuable skills you can learn. If you know how to resell items online for a profit, you can ALWAYS build a passive income stream.
The problem with Drop Shipping, in the way it’s taught today, is that there’s so much competition out there. Everyone is doing the same thing: “Buy from Amazon, Sell on eBay” OR “Buy From Aliexpress, Sell on Shopify with FB Ads”.
Everyone’s using the same tactics, selling the same items. It’s impossible to stand out in the sea of cheap garbage products and unimaginative stores. The buyers are FED UP. No wonder people are saying that dropshipping is dead…
How To Get Access to the course for free
You need just 2 easy steps to get access to this life changing course . Follow them and you will be on your way to drop shipping success.
1 click on the get access button below
2 on the next page complete the human verification
I hope this guide has helped you understand what it takes to start your own business. If you have any questions about the process, feel free to comment below! If you’re not interested in running a dropship business and want to know how to make money on Amazon without any product of your own, then click here for a complete guide.