I decided to start DropshipCritic after years of successful online selling since I was just 16 years old.. My first business was buying and selling sports jerseys on eBay. I started that business with $500 I saved up while working my first job as a bus boy. I've learned a lot since then and I'd like to share some of my experience that will prove very valuable to you as you start up or look to build your online business.
- Find a Niche
You will see this stressed throughout this site. I recommend trying to build your business around a product line that either interests you or you are knowledgeable about. For instance, I am a big sports fan so selling jerseys was a no-brainer for me, I knew all the players and teams as well as the times in which certain jerseys would sell better than others. My next business was selling hockey equipment. I have been playing since I was just 5 years old so I know everything there is to know about the sport and all the equipment. I set up my site and made some connections with drop shippers and there was no looking back.
Today it is essential to seek out products that are not big brand names because the market is just too saturated with these products and profit margins are very slim. WorldWide Brands offers a great tool to help you identify which items are being searched for the most and they will help you get an idea of the competition you will face for those products. WorldWide Brands is offering DropshipCritic readers $30 off their life-time membership. To learn more about WorldWide Brands and claim your discount click here.
- Build Your Marketplace
While eBay was a great place to start for me, it usually is not cost-effective to rely on that as your main sales channel. They take out too much in fees and their newly implemented feedback policy can wreak havoc on your reputation. As soon as I had the money and resources to do so, I set up shop on my own e-commerce site. There are several extremely user-friendly shopping carts out there that can have your online store up and running the same day. Most charge flat monthly fees regardless of sales volume and the only other thing you pay for is the payment processing, which you also pay on eBay in addition to seller fees.
I highly recommend 3DCart for all your shopping cart needs. They are the industry leader in e-commerce stores and can have your store up and running within minutes. Check out CartCritic for side-by-side comparisons and reviews of all the leading shopping cart providers.