Drop Shipping Business: How To Choose And Sell The Drop Shipping Products
You know that e-commerce has had its authority as one of the best ways to make money online in Malaysia. It has created many opportunities. And one of them is the drop shipping business.
In simple terms, drop shipping means selling something to your customers produced by a third-party manufacturer. Getting it clearer, you partner with a supplier so that you can place their products on your website. And when someone makes a purchase, you notify your supplier about that, and they are going to ship the item straight to your costumer. The buying party isn’t going to know anything about it, and they think that it is you who shipped them their product. As you can see, drop shipping business has a lot of benefits, one being that you are going to make a lot of money without high investments or even having to have an inventory. Anyway, there are some rules that you need to follow to be successful running a drop shipping company in Malaysia.
What Do You Need To Do To Start A Drop Shipping Business?
Well, the first thing that comes to any business is that you need to research the market. You are putting things for sale in your drop shipping website, so you will need to look for things which are most likely to be preferred by the mass. While doing this, you will need to keep note of the competition factor as well; see if there already are more than enough people selling what you intend to do. Also as an additional tip, try not to sell very cheap things with your drop shipping business. After all, you work with commissions, and you wouldn’t want to make it too low.
Find the Perfect Supplier
There are many drop shipping business suppliers, partner with a trustworthy one. It is going to be a lot of work, so make sure that the one who is going to undertake the adventure with you knows how to pay you. Also, ensure that your communication with them is going to be regular. You might want to spend some time searching for a supplier to be sure of all of these things, and Alibaba is generally where you could find one for your drop shipping business in Malaysia.
Open A Website
After you know what to sell and where to get things to sell, it is time for you to open a website. You could hire a professional web development company, or do it yourself. If you want to do it yourself but don’t have any idea, about how it’s done, here are the steps to it.
Domain Name Registration
Register your domain name first. The name for your website, your domain name is what the users type in their web browser to open your website. You can do it from various domain name providers, google it.
A Web Hosting Server
You will need a web hosting server. You will need a server computer on the internet where you are going to store the information on your website. Prices for hosting servers vary depending on the storage space or access speed, look for what suits you.
Web Page Design
If you know HTML or CSS codes, that is fine, but if you don’t, you can still use CMS(content manage system). You can design a great looking website with just some knowledge about using mouse and keyword.
E-commerce platforms are templates. On in simple words, a pre-designed model for an e-commerce site where you can put in your information. You can online search for many e-commerce platforms.
Remember, the steps to creating your website aren’t free. You will need to pay some price for all these services.
Promotion And Customer Acquisition
Now that you have a website and work with a good supplier, you will need to get known. Promote your site through social media and SEO, and also bring in special offers at times which will increase peoples interest in your product.
Goals And Analytics
Don’t forget to have specific goals in mind about what you want to achieve and also analyse what the number you make. The drop shipping business is set to grow, so reserve your share of the market before everyone else starts coming in.
Besides, you may learn more by reading about guide to start e-commerce business in Malaysia.