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Dropshipping - No Capital, No Problem
Manage episode 433389977 series 3587718
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In this episode, I'll share how to start a dropshipping business with no capital. I'll explain the process, offer detailed tips, and highlight what to avoid based on my own experience.
Key Points:
Understand Dropshipping: Your customer places an order, you pay the supplier, and the supplier ships directly to your customer.
Choose Products Wisely: Select products you know something about to answer customer queries promptly.
Find Reliable Suppliers: Communicate extensively with suppliers, check their credentials, and order samples to ensure quality.
Use Social Media Platforms: Sell your products on platforms like Carousell, Facebook Marketplace, and Instagram.
Set Reasonable Markups: Price your products competitively without undercutting suppliers.
Acknowledge Orders Promptly: Respond quickly to customer orders and keep them informed.
Check Supplier Availability: Ensure the supplier has the product in stock before confirming with your customer.
Handle Payments and Shipping: Once your customer pays, pay the supplier and provide the tracking number to the customer.
Build Customer Relationships: Maintain good communication with customers to encourage repeat business.
Starting a dropshipping business requires effort and strategic planning but can be a rewarding way to enter the e-commerce world without upfront costs.
Thank you for listening!
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