What Is Dropshipping? How To Start Dropshipping on Shopify (+ Trending Products to Dropship in 2023)
The Ultimate Beginner's Guide to Dropshipping in 2023. Learn what dropshipping is, how to start dropshipping with AliExpress and Shopify, and get insights into the hot products to dropship in 2023.
The Ultimate Beginner's Guide to Dropshipping in 2023
There are two very polarizing opinions on dropshipping. Some people say it's oversaturated, while other people swear by it. However, in 2020, the global dropshipping market size reached $128 billion, and it is projected to reach an astonishing $476 billion by 2026. This tremendous growth presents a huge opportunity for anyone interested in dropshipping. If you're a beginner, you will learn what dropshipping is, how to start dropshipping with AliExpress and Shopify, and at the end of this video, you'll get insights into the hot products to dropship in 2023. Buckle in and get ready for the ultimate beginner's guide to dropshipping in 2023.
The Advantages and Disadvantages of Drop Shipping
Let's say you wanted to open up an online store. One route that you can go is go to a manufacturer, get a custom product made, pay a bunch of money for inventory and keep that inventory maybe in your basement somewhere. And then you open up an online store and then you ship orders from your house. That's one route, right? Another route is you can go to the drop shipping method. With this method, instead of creating a product from scratch, you work with a supplier to choose products that they already have in stock and you just simply make them available on your store. So to do that, the first step, you would make an e-commerce store. You would link your supplier's products on your own store. Then you would advertise your products through ads and social media, and then you would start getting orders. Once a customer places an order from you, it's the drop shipper that gets notified. So the drop shipper will get your customer's orders ready in their warehouse, ship it out, and let your customers know that their products are on the way. So essentially, the drop shipper is responsible for sourcing the product, fulfilling the order, and shipping it out to your customers. That first method we talked about, you're responsible for literally everything end-to-end. But with drop shipping, all you're responsible is making sure that A, you've chosen a good product in the first place, B, advertising your products, and also dealing with customer service and the operations of your e-commerce store. So now you're probably wondering, well, why wouldn't everyone just go the drop shipping method if it's so easy? So there are pros and there are cons to both. The cons of drop shipping, you have less quality control over your products, that's because your supply...
The Pros and Cons of Dropshipping
Suppliers are the ones who are doing the quality control on each product and package before it goes out. Another con is that you may have a hard time selling a product that is truly innovative and that no one else has. Because your supplier likely has other clients that they're selling to, whether it's the same or similar products, and that also means more competition. All right, so let's move on to the pros of dropshipping.
First of all, you can get your e-commerce site set up really quickly within a few clicks, which is amazing. Another thing I love is that you can easily test products and suppliers with no commitment. Also, dropshipping means less work for you because you're not going to have to ship every order. It also means less risk because you're not going to need to pay any money up front in inventory. You're only going to need to pay for the cost of products as the orders come in in real time.
Another thing is that you don't have to hold any inventory, which means you're not going to have a million boxes in your living room, which is great. So this next one can be a pro or a con, and that is you're only as good as your supplier. So let's say they're amazing and they're on time with every order, then you're good. But if they're experiencing delays and half the products they ship are broken, then it's actually your business that's going to suffer.
How to dropship. Here's how to get started with dropshipping in 2023 in seven steps.
First step, do research on your dropshipping business idea. You're going to do research on a niche you're interested in and find out how profitable it can be. So here are some tools to get you started with that. Google Trends. Guys, Google Trends can help you determine if a product is trending upward or downward. Deezer's. Guys, Deezer's order volume will let you search for products based on order volume.
How to Use SEO Optimization for Dropshipping Business
When starting a dropshipping business, it's crucial to assess the demand for your business idea. Utilize a competitor spy tool such as SimilarWeb to analyze your competitors' websites. This tool will provide insights into their website traffic and competitors, helping you gauge the demand for your products. The next step is to select a dropshipping supplier. After identifying profitable products, it's essential to find a supplier that offers high-quality service to facilitate business growth. The choice of a dropshipping supplier significantly impacts the success of your business. AliExpress is a popular marketplace for both new and experienced dropshippers, offering a wide range of products from fashion to toys. It provides access to numerous suppliers worldwide and is known for its affordable products. This enables resellers to markup prices and generate profits. Dropshipping from AliExpress eliminates upfront costs and fees, allowing you to test products in your store without financial commitments. To easily add AliExpress products to your Shopify store, consider using the free Shopify app called Deezers. Once downloaded, vet suppliers based on product quality, shipping time, and reviews. This step is crucial in ensuring a seamless dropshipping process for your business.
The Importance of Having a Shopify Store for Your E-Commerce Business
When starting your e-commerce business, it is essential that you order some products before you actually sell them to be able to get a better feel for the product quality and their shipping time. So the next step is you're going to build your e-commerce store, right? You've got your products, you've got your suppliers. Now you need to build your e-commerce store. Your e-commerce store is where you're going to send your traffic. You're going to sell those products and process payments. Now I'm a hundred percent certain that I'm being biased when I say this, but Shopify is the best place to build an e-commerce store hands down. Even when I'm not on a Shopify YouTube channel, I recommend it to my clients that are just starting out because A, it's inexpensive. B, it's easy to use. And there's a million apps that you can choose from. So I personally just think it's the best. I would recommend you start with a free trial. I will link that for you guys in the description. And then once you have that, start with a free theme. After that, you're going to choose a domain. You're going to give your store a name, and then you're going to download that Deezer's app that I was telling you about. I would also add in some apps like One Click Upsell and Klaviyo just to start. But basically that's an overview. If you want to learn how to set up a Shopify store from scratch, then check out this video right here. That's going to get you sorted. Also guys, we offer a totally free e-commerce course that's designed to help you get your store up and running very quickly. Even if you have a low budget or you're a total beginner, this course is going to be perfect. So if that's something that you are interested, I will leave a link for you guys in the description box below as well. And all you have to do is sign up with your email and you're going to have full access. So I'll leave that for you guys in the description box. So the next step is to market your dropshipping store. Now with so many things about dropshipping
Tips for Advertising Your Dropshipping Business
When your business is automated, you can spend time focusing on marketing and promoting your business. A good marketing strategy is going to set you apart from all that competition in dropshipping and it's going to help you make sales. So here's how to advertise your dropshipping business.
1. Run paid Facebook and Google ads: If you think you don't have money for ads, consider spending the money on ads that you would have otherwise spent on inventory. Facebook ads can be scalable and can be the key that helps blast your business to the moon if managed by a good ad specialist.
2. Get into influencer marketing: As a new dropshipper with a limited budget, influencer marketing can be an affordable way to reach your target audience, as people tend to trust influencers more than traditional advertising. Keep in mind that this is a strategy that works most at scale.
3. Start content marketing: Write blog posts, film YouTube videos, or get your products featured on podcasts. Ensure that there is a call to action in your content marketing to increase sales. Use up to 30% of your content marketing to sell products.
If you're interested in the top dropshipping products of 2023, here is a rapid fire of some of the best products to sell. Check out the thoughts of other creators on YouTube for more insights.
Top Dropshipping Product Picks for 2023
So, according to Tan, he's a dropshipping expert here on YouTube, some of his top picks for 2023 are, first of all, a digital measuring spoon, heated gloves to keep your hands warm in the winter, a windshield defogger, a Dyson Airwrap or knockoff or a bootleg version, whatever you want to call it. And that's his list. Now, according to AC Hampton here on YouTube, some of his favorite products to sell in 2023 are a back and body shaver for men, very useful, a portable stool, it's really giving waiting in line for Supreme drop, if you know what I mean, a desktop support wrist pad, and a menstrual relief pad. And those are his picks. So if you liked either of those YouTubers picks, make sure that you head over to their channels because I'm going to link those videos for you guys in the description box. If you want to start your dropshipping empire, you could actually start your store right now for free. Shopify offers a free trial for three days, no credit card required. So I will leave that link for you guys right over here. What niche are you guys planning to tackle? And if you're brave enough, tell me what product you're going to sell. I want to hear it. Leave that in the comment section below. Thank you guys so much for tuning into this episode. Loved hanging out with you. If you are new here, don't forget to subscribe because we are a channel that helps you start, run, and grow an online business. Hit that like button, hit that notification bell, and I will see you guys in the next one. Peace.
Conclusion:
Buckle in and get ready for the ultimate beginner's guide to dropshipping in 2023. Utilize the provided insights and tips to kickstart your dropshipping journey and make the most out of the booming dropshipping market in 2023.