Passive Income Ideas for 2019: $100,000 per Year Guide - Make Money Online Frome Home with Dropshipping, Affiliate Marketing, and Social Media

By Chris Belfort

The internet had opened up new avenues for businesses and ways to make money - and it is expedient that everyone should take advantage of at least one of these online business models available to us.

There have been excuses given for not starting a business, ranging from lack of capital, time to monitor the company and already having a 9 to 5 hours job. All these excuses given do not hold you back from starting a business online and be successful. The importance of Dropshipping business is so vast that you can make over $100,000 per year such as I do. One unique feature of this business model is that it requires a little start-up capital since you don’t have to hold the inventory of what you are selling.

This book will alter the old mindset most persons have had about e-commerce and Dropshipping in particular.

The book will guide you on the step-by-step process of starting up a successful Dropshipping business so as to make the best profit you can ever think of. In this book, we will introduce you to what dropshipping business is really all about and show you practical ways on how to be successful in the business. You do not need any special requirements to start this business - just your laptop and internet connection.

• The book will show you practical steps of naming your business

• Ways for sourcing for suppliers

• Steps in building your online store

• Ways to market your brand through social media

• Ways in picking out the most profitable niches and winning products in the market.

• Steps in planning your pricing strategy

• Measures to keep your business website and your customers safe.

Take your time to understand the business and learn how to build an online store using the right tools and platform available. Also, this book will show you the right ways for promoting your online store.

• Language: English
• Publisher: Publishdrive
• Release date: Feb 21, 2019

Book preview

PASSIVE INCOME

IDEAS FOR 2019

$100,000

per year guide - Make Money Online Frome Home with Dropshipping, Affiliate Marketing, and Social Media

Chris Belfort

© Copyright 2018 - All rights reserved.

The content contained within this book may not be reproduced, duplicated or transmitted without direct written permission from the author or the publisher.

Under no circumstances will any blame or legal responsibility be held against the publisher, or author, for any damages, reparation, or monetary loss due to the information contained within this book. Either directly or indirectly.

Legal Notice:

This book is copyright protected. This book is only for personal use. You cannot amend, distribute, sell, use, quote or paraphrase any part, or the content within this book, without the consent of the author or publisher.

Disclaimer Notice:

Please note the information contained within this document is for educational and entertainment purposes only. All effort has been executed to present accurate, up to date, and reliable, complete information. No warranties of any kind are declared or implied. Readers acknowledge that the author is not engaging in the rendering of legal, financial, medical or professional advice. The content within this book has been derived from various sources. Please consult a licensed professional before attempting any techniques outlined in this book.

By reading this document, the reader agrees that under no circumstances is the author responsible for any losses, direct or indirect, which are incurred as a result of the use of information contained within this document, including, but not limited to, errors, omissions, or inaccuracies.

Table of Contents

INTRODUCTION

I have noticed that most people willing to go into business tend to struggle to get it started.

There is the possibility that you are here just because you have tried to make money online before with little or no success.

Most e-marketers have told you numerous ways you can follow to make money on eBay, Amazon or other affiliated marketing stores without much achievement.

With the high rate of competition and dog eat dog rivalry in almost all of the online marketing stores, you get burned-out and cannot keep up

While speaking with one of my student on the potential of the dropshipping market, he noted that he had held this misconception that you need to spend a lot of money to get it started if you wish to make good profits.

But that is what this book seeks to scatter and show you the right way to make over $100,000 per year dropshipping.

Dropshipping is a simple way of making sales without any or much financial commitment.

Making it big in dropshipping requires one to have the right information, mindset and also working smart.

Anyone can build a dropshipping business.

In this book, I am going to reveal to you straightforward steps and formula to follow if you wish to build a $100,000 per year dropshipping business.

Your life can change for good if you can get yourself committed to following through these ideas and advice

This formula that you will be reading here are time tested formulas that I have tried out, and it worked perfectly for me on my sojourn as an e-commerce expert and dropshipper.

The guide will put you through everything you need to know to get you started as a full-time dropshipper while avoiding mistakes that possibly would have killed the new business venture.

This book will show you

What dropshipping is all about?

How to get a dropshipping business started including how to set up your company

Step-by-step through all the aspects that come with starting your own dropshipping business

What players are involved

Ways to handles return shipments

What to do and to avoid

Which are the most common and uncommon scenarios related and most relevant how to scale the business.

Ways to continually order products and manage your stock level

Read on as I take you through the nitty-gritty of dropshipping.

CHAPTER ONE

WHAT IS DROPSHIPPING

The word dropshipping is seen from a different angle by different people. It is understood to some, as a retail fulfillment strategy where a store doesn't hold a product it sells in stock. In this method, an item is purchased from a third party and has it shipped down to the buyer without having to touch or handle the product. Others see it as a great way to get started in e-commerce. Skeptics see it as a form of white-wash or scam that often promise the moon without anything tangible to show for it.

With this divergent notion on dropshipping, what then is Dropshipping?

Dropshipping is an e-commerce business model where a seller of a product can sell physical products without having to hold any inventory, own a warehouse and free from the intricacies’ of handling and shipping of goods.

It is the easiest way to start up a modern business in this dispensation.

You can start up a Dropshipping business with as low as $5.

And I am very serious about that

There is practically zero upfront cost required in setting up a Dropshipping business online. This is because they are no need for any investment in inventory buying product in bulk to store.

All that is required is a website that can be gotten freely on Shopify and a free credit card and voila! You are already in business.

Yes, this is as easy as it can be!

The major difference between this model of business and the traditional retail model is that the seller does not need to stock or own an inventory.

The merchant only needs to purchase inventory from the third party when a buyer is interested.

And this can be gotten from a manufacturer or wholesaler in other to fulfill orders.

The Benefits of Dropshipping

How profitable can Dropshipping be when compared to other traditional retail forms of business is a question most readers and other enthusiasts that wish to go into this business always seems to ask.

Dropshipping can be very successful if you equip yourself with the right information and skill that can aid you to scale-up your business

Count yourself lucky to be among the people reading this book.

But without wasting your time, let me take you through some of the benefits of owning a Dropshipping business online.

Some of the benefits include

Low capital intensive

Starting with as little capital you have is one of the most significant advantages of Dropshipping business. Lunching a brick and mortar retail store would have required you to invest thousands of dollars in inventory upfront. But with Dropshipping, you don't need to tie up huge capital buying inventory. There is no need to purchase a product unless the sales have been made and paid for by the customer. With this, it is possible to start-up a Dropshipping business without any capital

Ease of starting-up

Running a retail business can be challenging when you have to worry about stocking-up your inventory, handling the product, managing a warehouse and distributing the product to the customer. Dropshipping help to ease out all this discomfort that comes with retail business such as

Keeping track of inventories

Packing and shipping orders to customers

Managing the stock level

Paying for a warehouse

Handling of returned shipments

A wide assortment of products

With Dropshipping, you are exposed to a wide selection of products. This pure beauty of this business model that can be used profitably and since you don't need to pay or pre-purchase the product, you can stock up your gallery with a different array of products. It gives you the opportunity to give your customer options to choose from these options. You only need to list an item for sale on your website when a supplier stock or beef up its inventory without any extra cost.

Low overhead cost

One other benefit of Dropshipping is the low overhead cost that one stands to enjoy in the business. Since there is no need to own a warehouse or to employ someone to manage the inventory, the cost of overhead will be relatively low. I started my Dropshipping business at home with just a laptop, a desk and an overhead cost of less than $50 per month.

Flexibility in location

Like I stated earlier, my journey into the business of Dropshipping started from the comfort of my home. That is the fun of this business. It can be run just from anywhere as long as you have an internet connection, a Smartphone or a laptop. All that is required from you is a space to communicate with customers and suppliers.

Shortcoming of Dropshipping

High price margin

Most people start-up a dropship online business with the mindset that they will be receiving the same price with the wholesale buyers. I might have to bust your bubbles; you may not be getting the lowest price in dropshipping. Dropship distributors are often charged an extra fee but discreetly inputted into the price.

Low-Profit margin

Due to the high cost of the product, when compared to the traditional retail stores, the profit margins are usually low. Operating in this competitive niche of marketing is often difficult due to the number of other dropshipping companies around. Since it is easy to set-up the dropshipping business and the overhead cost is often at a minimal, most sellers can easily set-up shop and sell at a very low price in other to break into the market. This is possible since very little was used in getting the business started. This also inhibits the ability of the sellers to advertise on sites likes Google and Facebook.

The Issues of Inventory

This is seen as a pro to some sellers and also a drawback to some sellers. Having to source your product from different warehouse or manufacturers, keeping tracks of all this order might become a difficult task after all. Most times, the warehouse is also fulfilling orders for other sellers and inventory also changes daily. This keeps merchants on their toes in looking for a better way to sync their store's inventory with suppliers.

The error of Handling and supply

This is one issues dropshipping merchants face often. Depending on the suppliers, most mediocre suppliers often cause endless frustration with either wrong supplies, botched shipments, missing items or low-quality packing which may damage your brand name and the reputation of your business. In this type of business, you have no option but to take responsibility for these mistakes and apologize.

The Complexity of shipping the products

Shipping a product to different customers when you trade with multiple suppliers is often