SIDE HUSTLE TIP 6. Use the Dropshipping Model

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 6. Use the Dropshipping Model



If you are not aware of dropshipping, it is where you can sell physical products on your website (online store) and you do not have to purchase any inventory or deal with delivering the orders to the customers. This is one of the best side hustles for passive income.

Once you have set everything up, you will not have to spend a lot of time on this side hustle. Dropshipping is a low-risk side hustle. You do not have to purchase any inventory and then hope that you will sell it all quickly.

This requires significant investment and if you choose the wrong products, you can make a loss.With dropshipping, no products are shipped by the company until sales are made.

Decide on your Niche

The most important thing for you to do when you are getting started with dropshipping is to choose the right niche. Once you know who your target audience is and what you want to sell to them, you can then look for a good dropshipping company to work with. 

You want to avoid the mistake of trying to promote too many different products. Narrow your focus to a specific niche and then investigate the products that will be the best fit for the niche. Some people use current trends to make money from dropshipping.

They identify what is popular right now and then jump on this by promoting related products. We would not recommend basing your entire dropshipping business on this method but you can make good short-term profits with trends.

Choose an evergreen niche for your business so that you can be confident of consistent sales. If you have the time and opportunity to jump on a hot trend and make some good profits as well then do that.

Find the Right Company and Market your Business

To be successful with the dropshipping side hustle you need to work with the right dropshipping companies and promote your business properly. Go over to Oberlo to start a dropshipping business in an evergreen niche.

You can always search for other good suppliers as well as Oberlo by searching on Google. When you have found a good   dropshipping supplier, you will need to create an online store so that you can integrate the inventory of the supplier.

It is never a case of “build it and they will come” with dropshipping. You need to promote the products offered by the dropshipping company and you can use eBay and Amazon as part of your marketing strategy. Find out where your target audience hangs out and let them know about your store.

Spend all of the available time that you have promoting your dropshipping business after you have set it up.


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