In 2020, the global economy faced many new challenges, and several people are looking into starting a small investment business to earn a better living. Dropshipping is one of those businesses that allows you to start a business without a substantial initial investment.
Since you are reading this post, you might be aware of what dropshipping is and how it works. But you may ask, how can I start a dropshipping business with no money? The answer is simple, and below! Read on. We will cover how to start dropship for free in 2020 in this post.
How much money do you need to start a dropshipping business? How much does it cost to start dropshipping? Read on.
While it is possible to start dropshipping for free, there are still a few things you will need to invest in initially. The first is time. Because it was easy, the market would flood with drop shippers, causing no one to profit. Secondly, you will need to invest thought into finding your niche market, which can be difficult but is definitely worth the time and energy. This niche will significantly influence whether your products stand out in the marketplace and whether buyers will purchase from you over competitors.
You will need a place where customers can buy things from; presently, there are several mainstream e-commerce platforms and website building tools to choose from to start your online store. These include platforms such as Amazon, eBay, Shopify, etc.
Some options to consider:
Amazon has launched an individual selling plan and a professional selling plan. If you don't expect numerous orders a month or your products are seasonal, and you don't need several batch operations features. An individual selling plan would be a more cost-effective option. Under the individual selling plan, you will need to pay Amazon $0.99 (for US site) for each product sold. Amazon also charges different proportions of commissions according to distinct categories; the ratio is 8%~15%.
eBay generally charges two types of necessary fees from platform sellers: 1. When you create a listing, there is an insertion fee, also called listing fee.
2. When the product is sold, there is a final value fee.
These fees eBay will be determined based on the product's selling price, the listing format, the category you choose when publishing, whether you have selected some upgrade features for listing, and your account performance (seller performance standards). Of course, if you need to end an auction early, there may be a corresponding fee.
There is no need to worry; we haven't forgotten that this article is to teach you how to start a dropshipping business without spending money, which brings up to our final and most-recommended solution.
Shopify offers a 14-day free trial period. (No credit card information required for registration.)
Crov Dropshipping is a dedicated dropshipping platform with a growing number of thousands of qualified suppliers. We integrate with Amazon, eBay, Shopify, and more. With our forever free starter plan, retailers are allowed to integrate one shop with us for free, which means starting a dropshipping business with Crov Dropshipping is free!
With your store set up and products are ready to be sold, you will need to invest time to drive traffic to your shop. Keeping in the theme of this article, we certainly would not recommend using paid advertising. There are many free ways to attract traffic. Things like social media are free and have been proven very useful. Alternatively, search engine optimization (SEO) can improve the organic ranking of your website.
Congratulations! You have started your free dropshipping journey.