How To Start And Make Passive Income From Drop-Shipping Business

Drop-shipping Business is one of the top lucrative business ideas ever known. Although it takes some persistence efforts to get going successfully, Drop-shipping is absolutely stress-free, low-budget and very lucrative entrepreneurship idea.

Because of the persistent growth of e-commerce platforms in Nigeria like Konga, Shopify, Jiji, Jumia..., there is vast business opportunity for large and small scale retailers online. All you have to do is to set up an e-store at almost no cost and consistently generate over 6 figures passive income within few months. Sound really interesting right?

Today I’m going to show you step by step on how to start our own drop shipping business from the comfort of your home. 

Don’t forget to subscribe to our news letter. Always turn to our blog on daily basics to learn more about business ideas, Academics, Reviews, Products/Services etc.

Keep Reading, Don’t skip any part.

What is Drop-shipping?

Drop-shipping simply means marketing supplier goods in your store. It is a supply chain in which the retailer earns a commission by transferring customer’s orders and shipment details to the supplier, who after ward sends the product directly to the customer.

While the retailer goes about marketing the products on his e-store, the product remains in the supplier's warehouse until it gets a buyer. When an order is placed for the product, the retailer automatically sends the customer’s order to the supplier who delivers the goods directly to the retailer’s customer.

The retailer benefits from selling the products to his customer .This means he never get to see or touch the products. He doesn’t have any inventory, warehouse and no office space.

Do you consider starting up a drops-hipping business in Nigeria? It’s really easy to get started. The only thing you need to do is to place products from import portals on you e-store and let customers receive the ordered products directly from the supplier to their desire destination.

How Does Drop-Shipping Practically Works

 

For instance, Barnabas Stanley log into an import portal like AliExpess and got a product at a prices of $10 then places it on his e-store or physically convince his customer to buy the product at $20.

Successfully, if the customer agrees and orders the product from Stanley, the customer then pays him $20 for the order. Stanley will now transfer his customer’s order to the supplier at $10.

The supplier will now deliver the product at the customer’s destination.

Wow, Stanley will definitely make a profit of $10. That’s a lucrative business, isn’t it?

 

How to Start a Drop-shipping Business in Nigeria?

 

Starting a Drop-shipping business in Nigeria is the easiest things to do. No start up fee, No office Space, No inventory or even a Ware-house.

All you have to do is to consistently promote interesting products to your customers and convince them to buy. Remember, the more they buy the more profit you make.

#1: Choose a Niche/product to Drop-Ship

You can choose any niche or product of your choice. I recommend you go for trending products in your own expertise or profession.

#2: Source Your Products/Goods

 

There are lot of products online; you can visit importation portals like AliExpress.com, get a specific product in your Niche and link it to your customers.

#3: Get your E-store Setup

There are two ways to own a store:

1. Selling on a third party ecommerce platforms like:

 ★ Jumia Nigeria

★ Konga Nigeria

2. Create your own store with:

★ Shopify

★ WordPress

#4: Market/Sell Your Products/Goods

You can either market your products offline or online. Choosing both marketing strategies makes your business more lucrative and effective.

In addition, create more awareness about your products by placing ads and banners informing people about your latest products.

You can effectively create your business awareness by using the platforms listed below:

★Social Media Marketing

★Facebook Ads

★Blog /Forum marketing

★Google Ads

★Content Marketing