How to Sell Online Without Capital and Stock of Goods for Beginners
Do you want to sell online but don’t have the capital and are confused about stock? Don’t worry, in today’s digital world, anything can happen. How to sell online without capital and stock of goods can be done using the dropship system.
This dropship sales system has been widely used by novice sellers, it has even become a sales system that provides benefits for both parties, basically this is an online business without capital that you should try. Below, see the review.
What is Dropshipping?
Dropship is a sales system carried out by sellers with minimal capital and without stocking goods. Sellers or what are known as dropshippers only market and sell products belonging to other parties, you could say they do business without a penny of capital.
How it works is easy to understand. You only promote products from suppliers. When you get an order, continue the order and delivery details to the supplier. After that the goods will be sent by the supplier to the customer.
The reason you should try dropshipping is because this sales business is relatively easy to start, low operational costs, freedom to choose products, more flexible time, low risk of loss and many other advantages.
If illustrated, this is how selling a dropship system looks like.
6 Steps to Selling Online without Capital and Stock of Goods by Becoming a Dropshipper
To become a true dropshipper, there are steps you need to pay attention to so that your sales are successful. Here are some steps you can follow.
1. Choose Products to Sell
Currently, there are many products that you can sell to consumers. You can take advantage of situations or product conditions that are being widely discussed by the public. You also need to consider products that are durable and can innovate as time goes by. For example, online sales that sell every day include skincare or makeup products.
These two products will never run out of customers, even as skincare and makeup become famous, not only women use them, but also men. That way you have a wider target market.
Apart from that, the most important thing when you choose a product to sell is that you understand and really understand the product. So it will be easy for you to provide information and market it to customers.
Some of the most profitable and promising dropship products for sale online or offline:
- Bag
- Clothes
- Cosmetics
- Shoe
- Furniture
- Watch
- Custom Products
- Health products
- Gadget Accessories
- Baby gear
2. Looking for the Right Supplier
The next step in how to sell online without capital and stock of goods is that you need to find the right supplier. Suppliers are individuals/companies who will supply goods to you for sale. You can look for suppliers in online stores such as Shopee, Tokopedia, Bukalapak and other trusted online stores.
Currently, there are many suppliers selling the same product. However, some suppliers have different criteria, prices and quality. As a prospective dropshipper, you need to ensure that the supplier you choose is truly the most trusted and best among other suppliers. That way, your customers will feel satisfied with the products you offer.
To be able to see and ensure that the supplier is truly the best and most trustworthy, you can look at customer reviews, you can also ask the supplier’s dropshipper, and you can contact the supplier directly to ask for more details.
3. Make Agreements with Suppliers
Once you find the right supplier, you can make a deal with that supplier. This agreement must be beneficial for both parties. Usually this deal includes, shipping process, price, discounts, bonuses, and shipping costs.
Each supplier usually has its own rules and regulations. You need to carefully understand these rules and regulations so that errors or problems do not occur in the future.
4. Determine the Target Market
After successfully agreeing and you have understood the applicable conditions from the supplier, then you have moved on to the process of selling the product. Before the product can be marketed, you need to analyze the target market.
The target market can be one of the keys to the success of the product you sell. Because when you know who is the target market for your product, then selling online with promotions or introducing your product to customers will be more successful. That way, you can bring in lots of customers to buy products.
For example, you sell makeup products. So your target market is most likely women aged 17-40 years. Apart from that, you also need to analyze it in terms of demographics, behavior, and so on.
5. Compare and Analyze Competitor Prices
The product you sell definitely has competitors. Then you need to analyze and compare prices from these competitors. This is done so that the price you set adjusts to the market price.
That way the price of your product is neither low nor high. If you can provide a reasonable price offer, then customers will easily come to buy the product.
6. Start promoting and selling products
After searching for products, making an agreement with the supplier and determining the selling price, now is the time for you to start selling the product by promoting it on social media or creating your own online shop page (such as a landing page).
Apart from selling online, you can also sell offline. Promote it to the people closest to you and the surrounding environment who can still be reached easily, this is a start.
The final word
That’s how to sell online without capital and stock of goods, easy and fast. With the convenience offered, you can choose how to sell using this dropship system. Hopefully this article helps you
