This is fully the author's post.
I will write of my own experience doing research from the age of 19 about all possible business opportunities published outside on the internet and advertised by "business gurus" and recommended as the best possible business opportunities.
Even though time has been passed, I was the first one after hearing about dropshipping to start it straight away and no matter how much money I wasted on paying to Shopify monthly subscriptions and buying new domains for new dropshipping businesses, it kept failing for me. I didn't really know why and what the problem was behind it and why did it fail, because some of the online businesses I built a long time following the dropshipping strategy. While success in it is possible, the honest opinion is that it is very hard to impossible, which means you just need to fake everything about your business. First you start faking the brand that produces it and you need to fake the manufacturer information and pretty much everything, which is the same thing as you would advertise the product for an extra fee, you just make your own product and lie to your audience that it is yours under the name of your domain and created brand. While some people can "not" lie about it, it will drop the profit, because many people already investigate products sold on AliExpress and China prices. However, there have been successful businesses like "TEMU.com" and "Wish.com" that are pursuing dropshipping, but are earning mostly because they claim to be the same Chinese suppliers when they are actually dropshippers. What actually makes them earn is that they built a specific system and the website that makes it look very seamless that they actually sell it for extra cost, adding all the extra cost at delivery. There aren't such easy business models, and for myself I find that promoting such products that are put on the AliExpress.com website, which already handles a huge fee itself and asks huge payments yearly for sellers, which makes them add at least 200% margin of the actual product cost selling it there and additionally putting your advertising cost for the platform, isn't a great or good business model at all.
I did research and learned about researching online and I found that honestly the best to do is start a real business. But what if you don't have money? What if you have even a huge debt you can't fix? Well, there are some business models and websites I will share that will help you to manage to launch a business successfully. Here are my favorite websites to sell products on and they are completely Free:
- Payhip.com
- Peachpay.me
- Bigcartel.com
As we live in different times where people look for the best deals mostly, I would recommend you start with a free website builder that takes a revenue from sales instead of making you pay monthly. Paid platforms also cause a lot of stress before launching the business and making you worried will you make it within a month to make back the revenue. When you start on a free platform you don't feel like you need to rush or that you need to worry if you will finish your webstore in a month.
The next step is finding what to sell. If you go with digital products then obviously it is Payhip or Peachpay, but if you go with physical you can choose also Bigcartel as an option. I would recommend always to go with Payhip as it gives people freedom to add not only digital but also physical products. I personally started my own webstore there and will continue using the website for selling my products. There are tons of alternatives, but I included my favorite. Also, if you can start your own app or website, it is always the best option. After you figure out what you want to sell, it is time to check competition stores. Try to find products just like a customer would on Google and see which websites are rating higher in search results (often shows first). When you see the stores, evaluate the price and shipping they offer and see if you can do better. Before building trust in your customers you need to make sure that you also have a good offer to make them risk and pay for it. Simply, if a client looks for a rug and has a choice to buy a trendy rug cheaper than yours, they will definitely do, as there are many rug stores. I will launch a comparison. After checking, then you only set the price for your product and adjust the shipping perfectly. If you can't set the price correctly according to your wants, then make sure you find a better supplier for your products.
Conclusion :
If you really want to succeed in Online business or E-commerce business, You will need to find product that is less competitive or new, or just make something new or universal for everyone, that could improve their lives or make them more excited.
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