40+ Ways To Make Money Online in 2020 With In-Depth Articles!
Method 15. Dropshipping!
Dropshipping has been around for years. The gurus do it, people do it, and many self-made millionaires were created thanks to the idea of dropshipping.
What is dropshipping?
If you never heard of dropshipping, you’re in for a treat. Dropshipping is the process of being a middleman between a supplier and a customer. You sell the item at a higher price than the supplier and ship it to the customer. All you’re doing is the marketing part and converting your traffic into sales.
What are the steps into dropshipping?
- Create a website. (niche-targeted recommended)
- Look for a cheap supplier. Most dropshippers use AliExpress.
- Add products to your site.
When a customer makes an order through your website at the price of the item you set it for, you can then order it from a supplier at a cheaper rate and ship it to your customers. Let’s say a customer orders an item from you for $2. You know a supplier that sells it for $1. You order it from the supplier and use the information of the customer to have the supplier ship it to that customer. Your profit would be $1. Imagine promoting $100 to even $1,000 items. There’s a lot of potential for this type of business.
There are several ways of promoting:
- Create quality SEO-friendly content.
- Use paid social media ads such as Instagram or Facebook.
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