There’s a business model that’s so simple, so straightforward, and so lucrative it should be banned.
You don’t need to stock inventory.
You don’t need to ship anything.
You can work from literally anywhere in the world that has access to the Internet.
You don’t even have to use your own money to pay for the goods.
Do you want to know what it is?
It’s called drop-shipping.
Before you say oh, that. Let’s look at how you can start and scale a drop-shipping business. Step by step.
All you need are hot products and an effective marketing/advertising campaign to be successful here.
How are you supposed to find products?
Where should you look to find the hottest products in the world? The largest online retailer in the world or course. Amazon. Just run a quick Google search for:
Most popular Gadgets on Amazon.
Most popular fitness items on Amazon
Most popular pet products on Amazon
Most popular *whatever you want to sell* on Amazon.
You will get back a lot of results. Focus on the ones created within the last 18–24 months.
Once you have a list of 20 or so products, there are 4 things you need to do.
- Open a . It’s free for 14 days, and I guarantee you will make plenty of sales during the trial.
- Add to your store. Create an account and activate it from the back-end of your store. This will allow you to automate everything inside your store, from pricing to shipment tracking and auto-fulfillment.
- Set up your payment processor (Stripe/Paypal).
- Go to AliExpress, open a new account, and import your desired products to your store using the plugin’s chrome extension. It takes about 5 minutes.
Ed, my store is finally ready for business. Now how am I supposed to market this thing?
You need to get about $100 for advertising. This shouldn’t be hard, go to your attic right now and grab that old vintage ukulele. Sell it for $100 on eBay or Craigslist and you’re good to go.
Once you have your $100, split it in half.
Now set up a Facebook page for your store and run/test ads until you find a winner. Set the budget to $10 a day.
PRO TIP: Find ad inspiration on.
Don’t overthink it. You have the hottest products in the world. They will sell.
With your other $50, go find large Instagram pages. At least 50,000 followers and 1–3% engagement (Calculate engagement using likes. Add up the number of likes for their last 10 posts. Divide that number by 10 to get average likes. Once you get average likes, divide that by the total number of followers. That’s the average engagement.)
Shoot them an email or DM and ask them if they’re willing to promote your product. For 50,000 you shouldn’t pay more than $15. For 100,000 you shouldn’t pay more than $20-$25 and for 200,000 you shouldn’t pay more than $30-$50.
Personal pages with that many followers will charge considerably more.
None of their quoted prices are written in stone.
Here’s a secret. If you are selling goods for pugs, don’t advertise on pet pages. Don’t even advertise in dog pages if you can help it. Advertise on pages especially dedicated to pugs.
Once you turn a profit, expand to broader pages.
With $50 you should get 2 or 3 shout-outs.
You will sell a lot by the end of the week.
Now decide which one was more profitable to you. Run with it. Reinvest your profit until you make it to your desired monthly income.