What Is Dropshipping? How To Start Dropshipping on Shopify (+ Trending Products to Dropship in 2023)
If you’ve been exploring the world of e-commerce, you’ve probably come across the term “dropshipping.” Dropshipping has gained popularity as a low-risk business model that allows entrepreneurs to start their own online stores without the need for inventory or upfront costs. In this article, we’ll delve into what dropshipping is, how to start dropshipping on Shopify, and explore some trending products to dropship in 2023.
What is Dropshipping?
Dropshipping is a business model where store owners don’t need to keep inventory. Instead, when a store owner sells a product, they simply purchase the item from a third-party supplier and have it shipped directly to the customer. As a result, the merchant never sees or handles the product. This means that you can run a dropshipping business from anywhere in the world without the need for a physical storefront or warehouse.
How Does Dropshipping Work?
The dropshipping process is relatively straightforward. Here’s a step-by-step breakdown of how it works:
1. Set up an online store: The first step is to choose a platform to host your online store. Shopify is a popular choice for dropshipping due to its user-friendly interface and extensive range of apps and integrations.
2. Find a supplier: Once your store is set up, you’ll need to find reliable suppliers for your products. There are various platforms and directories available, such as AliExpress, Oberlo, and Spocket, where you can connect with suppliers who offer dropshipping services.
3. Import products to your store: After finding suitable suppliers, you can import their products into your online store using apps like Oberlo. These apps allow you to easily add products to your store with just a few clicks.
4. Set your prices: When importing products, you’ll have the flexibility to set your own prices. It’s essential to consider factors such as product cost, shipping fees, and your desired profit margin when determining your pricing strategy.
5. Market your store: Once your store is set up and products are imported, it’s time to start driving traffic to your website. Utilize various marketing strategies such as social media advertising, search engine optimization (SEO), and influencer partnerships to attract potential customers.
6. Receive orders and forward to suppliers: When a customer places an order on your website, you’ll receive the payment and shipping details. You then forward
