Some people will be complaining that they don’t have anything doing when they have many opportunities they can grab with their smartphones. You can make your self rich at the comfort of your home by just making the proper use of your phone. Today, I’m going to discuss one of the online businesses that you can start with your phone with no money investment, just your data. There are many of them but in this discussion, I’m going to explain Dropshipping.
What is Dropshipping?
Dropshipping is a retail fulfillment method where a store doesn’t keep the products it sells in stock. Instead, when a store sells a product using the dropshipping model, it purchases the item from a third party and has it shipped directly to the customer by the third-party. Starting a dropshipping business is one of the easiest ways to make money online.
How to Start a DropShipping Business On Your Phone
- Research on the product you want to sell, You can use Aliexpress shopping center to check trending products. You can also use Google trends to see whether the product is trending and the countries where it will likely sell most.
- Analyze the product to see the shipping cost. The higher the shipping cost the lower your profit, except you want to sell at a higher price, which may be unhealthy for a beginner.
- Analyze your competitors. Go to Google and search for the product you want to sale and you will see a number of websites that are already selling the same product. If the big companies occupy the first and second pages, you likely may not do well selling the product.
Once you have picked a product to sell, then you are you have done 20% part of the job. The next thing you will do is select a platform where you can sell your product. Well, there are many platforms that you can use to start a dropshipping business, with no money investment at all but I think dropshipping on Shopify is one of the easiest ways for beginner entrepreneurs to start their own store. This is the list of Legit websites that have Dropshipping features;
I Recommend Shopify because of its simplicity. You can create an e-store website of your own within a few hours and with the help of the Oberlo app, or extension the whole process will be fun. Because you are starting the business with no money, you have to select a Shopify basic plan which costs $29 monthly. Don’t worry, you are not going to pay now as Shopify gives you 14 days trials. You can sell a lot of products within one week if you know what you are doing. Just keep your niche research and targeting right! You can make an unlimited amount of money dropshipping on Shopify.
However, to sell your product, you need to spend money on adverts, don’t be scared of this, there are many ways you can sell your product without spending money. What you need is an Influencer to advertise your product on his page. How do you advertise with influencers with no money? All you have to do is to negotiate a contract with the Influencer that he has a commission on each product sold through his page. That is all, if he accepts then you are good to go, and if doesn’t, there are lots of them online, you can move to the next person.
So, After you make your first sale and you’ve got your operations running smoothly, the natural next step is to work on generating more revenue.
You can spend the data you waste on social media every day watching YouTube Videos, this will enable you to learn more about the business.
Another business you can do with your phone is Mini-importation but I’m not going to discuss it now, it should be my next topic.