So you want to start an online business but you don`t know where to start ?
WHAT IS DROPSHIPPING ?
Dropshipping is a business model which allows entrepreneurs to run their own online stores without ever managing inventory. When a dropshipper sells a product on their store they will then but it from their supplier. Who will ship it directly to the customer.
HOW DOES DROPSHIPPING WORK ?
Dropshipping is a sample business model. Once a customer places an order from your store, you will simply purchase the product from your supplier, and instruct them to ship the product directly to your customers door. You can run your own dropshipping business from anywhere in the world.
HOW MUCH MONEY DO I NEED TO START DROPSHIPPING BUSINESS ?
One of the best things about starting a dropshipping business with EcommLions is that it requires minimal initial funding. However, it´s important that you take into consideration all the expenses which you will incur : Shopify subscription ($29/mo) and your marketing budget.
It´s important to note that it is considerably less expensive to start a dropshipping business than it is to start a standard ecommerce store. You won´t need to source products in bulk, or worry about delivery, so it´s still one of the best ways to run your own online store.
WHAT PROFIT MARGINS CAN I EXPECT ?
The answer to this question highly depends on the types of product which you decide to sell.
If you are sourcing cheaper products for around $5, you may find success by marking them up 4-5 times, which means that you´d be selling them for $20-$25. However, we don´t recommend this for more expensive products. If, for example, you source a product for $30, we´d suggest that $60 is an appropriate price point.
HOW LONG DOES IT TAKE TO GET MY STORE?
Within 24 hours after you purchase we will email you the details to the shopify admin and hang over the site. After purchasing, you own %100 rights to the site and our team are here to help you!