Ecommerce is growing on an exponential rate and starting a profitable dropshipping business isn’t a big deal anymore. Some of the most common questions people ask are whether dropshipping is viable or not. And with this we want to help you learn how to earn money from Dropshipping Without Any Investment
And the answer is yes if you know what you are doing and you can implement steps properly you can successfully earn in 6 digit figures pretty easily.
What is dropshipping?
Before we learn How To Earn Money From Dropshipping Without Any Investment, we need to understand What is Dropshipping… Take some good sites for reference and examples like Travelonatory
Dropshipping is a type of business where you basically do the work of a middleman. You sell a product on your website without storing or in fact getting it for yourself. In simple words, You make a store via Shopify or WordPress, customers buy the product from you giving you money and their address, now you place the order of same product on a store say AliExpress, and get the profit.
How to get started?
So How Do you start earning from Dropshipping Without Investment. There are few ways on how to open your very own dropshipping store, and here we are going to talk only about 2. One of the ways is using Shopify and other is making a custom store through WordPress.
WordPress is an all purpose Content Managment System that powers about 30% of the entire internet. It can surely help you to build your dropshipping website. You need a domain, and a hosting, after which basically you have no other costs. WordPress is fully free. A normal domain would cost you about $10, and a hosting would cost you about $50. We recommend buying Domain from Godaddy, and hosting from Siteground. One such WordPress website used for Dropshipping is Travelonatory Most of the hosting services will provide you the ability to install wordpress inbuilt. WordPress has it’s plugins, that add to the functionality, and themes that add to the overall user interface of a site. By clicking add new theme, you will be greeted with a lot of themes. You can select any E-Commerce theme of your choice. Then we have plugins, We need one plugin to add and manage products. This plugin is called Woo Commerce. Woo Commerce is a plugin by the owners of WordPress themeselves. And solves all the purpose. The next thing you need is to sign up for Ezusy. Ezusy is a 3rd party service that we use to import products from AliExpress. Ezusy, needs it’s own setup, and has the need to create the #API, you should refer the #Ezusy documentation.
Sites like Travelonatory, use WordPress, but there are other sites Using #Shopify is the easiest and more convenient way to make a store. The basic plan for Shopify is just 29$ (Comes with 14 days free trial). So these are the steps to make your very own Shopify store:
1. Sign Up with Shopify
In order to learn how to earn money from dropshipping without any investment, the first step is to signup for Shopify.com. Use the signup form to create an account. Enter the required details and click the ‘Start free trial’ button.
Your store name needs to be unique or Shopify will ask you to choose something else, like for us, our site Travelonatory. had a store available with the name Travelonatory itself. Always try to keep your store name based on your niche
After this initial screen, you’ll be asked for a few more details, including your name, address, country, and contact number.
You will also be asked if you have products and, if so, what you aim to sell. If you’re just trying out Shopify to see if it works for you, you can select ‘I’m just playing around’ in the ‘Do you have products?’ dropdown, and ‘I’m not sure’ in the ‘What will you sell?’ section.
Once complete, click ‘I’m done’.
2. Start Setting Up Your Online Shop
Once you have signed up, you will be redirected to the admin shop where you can customise your shop and add products and basically start selling. Now you are ready to start earning from dropshipping without any investment.
3. Choose a “Theme” or a “Layout”
Shopify has its own theme store. These themes are all guaranteed to have full support from the designers so you know that your store is in good hands.
All themes come with a non-programmer friendly style so you can customize the store without having the knowledge of coding at all. The premium themes come with more modifications, but you can also achieve a great looking site with a free one. These changes are outlined in the next section.
If you want to make wholesale changes to a theme, there are very few limitations on what can be achieved by accessing the HTML and CSS. Don’t worry if you haven’t got any coding experience. Shopify has an international team of design agencies they call ‘Shopify Experts’ that you can hire to fully customize your site.
4. Add Products
In order to learn how to earn money from dropshipping without any investment, the most important thing is the product itself, because it is the product that actually generates the income.
Navigating the bar on the left select you will see ‘Products’. Click on add the product. Include as many details as possible to help inform the customers about your items.
Upload the images of the product Once the images are uploaded, you can rearrange them so don’t worry about uploading them in any particular order.
Product images can make a sale so make sure you show your products off to their best and highlight any special or unique features with close up photos. To keep your store looking tidy, we suggest you keep all images the same dimensions. Unless you plan to make your collection pages look like a Pinterest board.
Once everything is filled out, click on save the product, and you are done!
A payment gateway allows you to take payment from your customers via your website. The price and commission rate is important Shopify and some banks take some percentage of your money, but it’s also important to see what features they offer.
You need to look at the following when choosing the payment gateway for your website.
- Transaction Fees
When a customer makes the payment, some gateways will keep a small percentage or flat fee (or sometimes both) for letting you use their service. Compare these based on what your anticipated sales are.
- Card Types
You need to know what types of cards are accepted by your chosen Payment Gateway. All accept VISA and Mastercard, while most accept American Express. Paypal is also becoming more popular for online payments (My Store use PayPal).
- Offsite Checkout
Some gateways will take the payment on their own servers via their own form. This means that the customer is taken away from your checkout and they pay on the form provided by your payment gateway. They are then redirected to your confirmation page once the customer successfully pays. This allows you to have a bit more control over the checkout process.
You can circumvent Shopify’s limitations – they don’t let you customize the checkout other than with CSS.
Payment gateway transaction fees are added on top of Shopify’s own transaction fees So even after some of your profit has been cut off from the initial payment, Shopify will keep a little amount for itself. As of November stores based in the US and UK can use Shopify Payments. Depending upon your Shopify plan, you can save on these extra costs. Depending on your plan, you will receive these highly appealing rates.
- Basic 2.4% + 20p
- Professional 2.1% + 20p
- Unlimited 1.8% + 20p
Depending on how many transactions you make every month, it could be worth upgrading to take advantage of these savings!;
6. Get Your Online Shop “LIVE”
Before your site can go live, you need to add a few more details about your company and how you plan to make deliveries and pay tax.
Make sure all your business information is filled out in the bottom left settings area. Make sure to use the Google Analytics feature. This can prove to be an invaluable source for tracking your store visitors.Taxes
- Go to the Product Page of your admin dashboard.
- Click on the name of a given product.
- Scroll down to the section called “Variants”.
- Make sure the checkboxes next to Charge taxes and Requires shipping are checked if you need to include these with your products.
- Some stores won’t need to charge taxes or shipping on products like digital goods. On the other hand, a T-shirt store will likely need to charge both.
- If you are planning to ship your product to customers, make sure to enter the product’s weight in the appropriate field.
If your shipping rates are too narrow, or you don’t give enough options, you may lose out on some sales. Shopify will only calculate a shipping rate for your customers based on the rules that you define in the Shipping page of the admin. To make sure you won’t lose any sales:
- From your store admin, go to Settings > Shippment.
- In the “Shipping rates” section, see if you have set a weight-based shipping rate and adjust it according to your product’s specifications.
Test Your Order System
To test your system, you can simulate a transaction using Shopify’s Test Gateway.
Using the Test Gateway:
- From your store Admin, click Settings, then Payments to go to your Payments settings
- If you have a credit card gateway enabled, deactivate it before continuing(or you may lose out on money). (Click Edit, then Deactivate, then confirm your deactivation.)
- In the Accept credit cards section, click Select a Credit Card Gateway to open the drop-down menu.
- Scroll down the list to Other, then click (for testing) Bogus Gateway.
- Click Activate (or Reactivate, if you’ve used the Bogus Gateway before).
- Go to your storefront and place an order as a customer would
7. Add a Domain Name
To get your site live you’ll need a domain name.
You can buy a domain from Shopify and it will be added to your store automatically. especially if you have no knowledge about hosting a website, as it will save some time, and time equals money. These domains typically cost $9-$14 USD per year.
That’s it! Your Shopify store is done!
How To Choose A 1000$/Day Product
Well, there is never a fixed 1000$ product, it changes with time but here I will show you how to find your 1000$ per day product. Good products are really important, if you want to earn money from Dropshipping without any investment.
There are many ways on how you can go about it, but my favourite is facebook ads. Here are some steps on how to do it:
- What’s being sold
Login to your Facebook account, go to search and select videos. Here type some common phrases used by sellers like “Get yours now” or “50% off” or “Free Shipping” and click search.
You will get lots of results, click on this month on the left-hand side. And search for highest viewed video. And expand it, see how many comments he have, how old are they and are feedback good or not.
If everything is good than simply open his website and see the product, and how much he is selling for, if the product seems good and the price is high, right-click the image of the product and then click on ‘search image on google’ (must have google chrome for this step). Than on search, remove the existing text and write aliexpress, and click on the product link you get.
- Checking Product Quality
So once your product is opened, see how many reviews it has got and the positive feedback. If they are high, and lots of products have been sold by the seller then you can use this product for your site, if not just go back to facebook and find another product.