Is drop shipping still a thing in 2016? That’s a good question.
If you’ve been trying to make money on the internet, you will probably have heard, read, or know people who have personally made a viable income stream for themselves by drop shipping anything from carpet cleaners to powertools or makeup. You name it, it’s been done. You will probably have even tried doing keyword research. You probably have tried putting up a store on Shopify.
And maybe, just maybe, you will have failed. Maybe you found out that it isn’t easy to “MAKE $$$$$$ ONLINE BY DROP SHIPPING YOUR WAY TO MILLIONS!!!!!!!” at all. It isn’t as easy as people make it out to be. Nothing is ever as simple as it seems, that cannot be stressed enough.
So is drop shipping still a profitable venture in 2016? Let’s examine the facts.
The Drop Shipping Boom
There is no discounting the fact that people have made a successful living by drop shipping; after all, there is a reason why it has an enduring appeal to many of us. People who have made a decent living in drop shipping took advantage, acted on their plan, tried and failed, got their reps in, and finally got things right to make small amounts of money, until the sales volumes started getting larger.
For instance, people have had success in drop shipping office furniture – ergonomic office chairs, in particular. Though these items may be larger, an enterprising guy found a particular niche. The thing is, you couldn’t just take the same idea and run with it and expect the same results as people did in 2011. The same is true for ANY product.
Tempering Your Expectations
If you want to try this for yourself, you could start by spotting valuable facts about ergonomic office chairs at Office Chairs Only; you’d be surprised at what chairs you could drop ship for less than $100, but you need to temper your expectations.
Chances are, your niche product’s market will already be saturated with sellers from all over the world by the time you have your site, suppliers, and logistics all sussed out.
You can’t just expect to buy a $5 gig from Fiverr for someone to research a product that is selling like hotcakes, set up a website with all the bells and whistles, and expect the “$$$$$$” to roll in while you live your dream of travelling the world as you make money in your sleep.
You will be frustrated. You will encounter problems. You will get ripped off by “drop shipping gurus” selling a $59 information product. Your product may never draw a dime.
If you were to make money at all, you’d be lucky to make three digits in a month.
But that’s all part of the experience.
The Single Most Important Tip When You Drop Ship
Perhaps the most important factor when you choose to drop ship is your supplier; far too often this is where most drop shipping businesses fail. For instance, lack of customer support, lack of control over the inventory, or lack of proper communication. If you find a supplier that you can trust, that alone is worth its weight in gold. Furthermore, as you build a relationship with your supplier, opportunities for further business outside the drop shipping paradigm may even knock. Just listen gently! Focus on building a relationship with your suppliers, even if they are halfway around the world.
As you see what does and what doesn’t work, you will find yourself getting more efficient and find what works for YOUR particular situation. See, drop shipping courses almost never take that into consideration; what works for a drop shipper in the United States is never going to be the same for a drop shipper in the Philippines. Don’t expect to make “$$$$$$$” in drop shipping nowadays, and dream of being the next Bill Gates; but if you were to put in the time, the energy, and find the right supplier, you can earn a decent income to supplement what you already make.