 How to set up a drop shipping business. Okay, you've heard about it. All these people making all this money in drop shipping and you'd like to get your part of it and I understand why because I got my share. Now in this video, I'm gonna tell you exactly how drop shipping works. I'm also gonna tell you how to set up your own drop shipping business, find the right ideas and products and we're starting right now. Hey, I'm JRerFisher. I've been selling online since 2009 and I've sold millions of dollars for both digital and physical products. And on this channel, it's actually your channel. I teach you how to do the same thing. I take the things that work for our business and I share them with you on this channel. All the tips, tricks and secrets so that you can get great results too. Now do me a favor, if you've already tried to do some drop shipping, put your comments below or if you have questions about drop shipping, put your comments below. At the end of this video, I'm gonna show you how you can get a free course. All you have to do is click and learn. It's a $97 course, you can get it absolutely free. Now while we're at it, don't forget, subscribe. Hit that big button down there and turn on bell notifications, turn on all notifications so that when I do a video, you will get reminded I did it. You'll be part of the VIP group, the Fisher family. All right, let's get going on this drop shipping thing. Now what is drop shipping first off? It's a pretty cool concept. Basically it allows you to start a drop shipping business without any inventory whatsoever. This way you can sell products to customers, collect money and the manufacturer or distributor actually ships the product out to the customer. So you could virtually run your business from your living room couch, your kitchen table or a local coffee shop. Now I've put on the screen a graphic here by Oberlo. Oberlo is a great piece of software that you use to hook your Shopify store into Aliexpress but basically it explains what happens. A customer places an order, pays you let's say $200, you forward the order to your supplier and you pay the wholesaler or supplier $150, you keep the $50 profit and they ship out the product to the customer. This way you never have to touch a product, never have to package anything, never have to ship anything and it gets to your customer and you're in business. Now there's really only three components to a drop shipping business. There's you and your business and when you sell products, understand that you're gonna be responsible for the shipping cost so that when you do sell a product you gotta either pass that on to the customer, you gotta figure that into your price and then the other component of course is the customer. Your customer is the person who's gonna buy your products from you and then the last most critical, I guess, component is the actual supplier. This can be a manufacturer, this can be a distributor and many times we use manufacturers and distributors in China. Now I know some people are like, oh I don't wanna sell Chinese products but I can tell you right now everything around you is probably made from China. There are no electronics whatsoever made in the US at this point. Everything, your iPhones, all your TVs, your computers are all made in China so it also goes for your clothing. It's gonna be made in Indonesia, it's gonna be made in China or Pakistan or one of these other countries. They just don't really have a textile business in the US anymore. Same thing with shoes. So if you're wearing clothes and shoes, you're already involved in this product line. Now how profitable is a drop shipping business? Well to give you an example, the other day I was listening to a restaurateur in Los Angeles and she said the average restaurant in Los Angeles is working on a 4% profit. Well I can tell you many times on drop shipping it can be 20, 30, 40, even 50% profit which is fantastic because I understand that that restaurant that is operating in that city, they've got rent, they've got employees, they've got overhead, they've got cost of food, they've got all these other components that you simply won't have all you're gonna have is a presence online. Now as you can see from this graphic online here, why you should start drop shipping. Drop shipping business is great for new entrepreneurs and here's a few reasons. The first one is it's a creative outlet. If you're inspired by anything, any type of products, any type of niches, a drop shipping business is fantastic. I know a lot of you are working in these uninspired nine to five jobs like it says here and that's just no fun. The next part is you can make a lot of money. A side hustle like this can pretty much erase your daytime job and make you a ton of money. There are people making millions of dollars doing drop shipping. In addition to that, the manufacturer's gonna ship everything for you so you don't have to worry about getting boxes and tape and postage and running to a post office or having somebody pick something up. There's no need to package anything yourself. Next of course is there's no warehouse fees. Warehouses can be really expensive. Now we have some physical products with my survival food company and I can tell you our warehouse costs are a lot of money every single month. Drop shippers don't need to carry inventory. That's the great thing. The manufacturer takes all of that for you so you don't need to hold boxes or products or any of that. And of course lastly, you can build your own career. You can build your own business. If you wanna control your own career, this is the best way to do it with the least amount of risk. Now, you can just go out and buy a drop shipping business. There are established drop shipping businesses already out there if you want. If you don't wanna start it from scratch and at that website, you'll find tons of drop shipping businesses. It'll have the price there. It'll show the revenues, everything you want and you can just buy a business or you can start your own. You'll wanna set up some type of drop shipping business plan though. You don't wanna just wing it. You wanna have this thing organized. The first thing you're gonna wanna do obviously is come up with an idea for a niche or a product or something along those lines. And there's plenty of ways of going about that. You can just look in the market and see what other people are doing and find successful people, buy their products, find out where they're getting them and you can emulate some of that. If you want, you can also go to something like Google Trends and you can see what is popular right now. Like we just went through a pandemic and I guess we're technically still in it, but our survival food did really well and the search for survival food or survival products was off the charts. Next thing you wanna do, number two is check your competitors out there, see what they're doing. Look at their websites, look at ads they may be running, run Google searches and if you do all this, you can gather a lot of information that can be really helpful for you to build your own business. Next up, you're gonna need to find a supplier. You're gonna need to find somebody that can supply that product for you. Now, one of the pieces of software I really recommend is Oberlo. Oberlo, you can actually integrate with Shopify Store and I'll give you links for all those things at the bottom of this description also, but when you use Oberlo, it will actually go out into Aliexpress and it'll find suppliers for you. It rates them, it lets you know if they're good suppliers, if they're not good suppliers and that takes out a lot of the risk. Number four, the next step is build a drop shipping business store. You've gotta have a store to sell it out of and I highly recommend Shopify, which I'll leave a link in the bottom for Shopify. You'll wanna think of some domain name. One of our businesses is Survival Food and we have Survival Cave Food so that kinda matches with that, but you wanna have a domain name that kinda matches with what your niche is and remember, don't have it too broad. Don't have like Joe's Discount Store because it doesn't really lead anybody to your store and it's gonna be really hard to do SEO on that. Now, the cool thing is when you set up your Shopify Store, you can actually integrate it with Oberlo and you can actually import the products from Aliexpress directly in your store. You're gonna wanna go in there and you're gonna wanna fix some of the tax because English is not the first language in China so sometimes the descriptions are not that good, but you can't import all the products really quick along with all the images. Now, the next thing you wanna do is market. Okay, this is the most important part. A lot of people think, well, I've got a great product so I don't have to really worry about marketing. Nothing can be further from the truth. You could actually have an average or below average product and with the right marketing, you could make a lot of money. Now, I've got a graphic here on the screen that is done by Oberlo but it shows you some of the places that you can actually market your products. You can use social media. You can post in there on Facebook, on Twitter, on Instagram. You can also work on your SEO which is your search engine optimization. That is where you're gonna put the right keywords for each product in the right description so that when people search, Google they actually land on your products. I've got other videos on this channel on SEO. Check out those to search my channel for SEO. You'll find those videos. You can also do paid search which is ads. You can run Facebook ads, Instagram ads, Twitter ads, YouTube ads, you can do native ads. There's so many things you can do there to drive traffic to your site. You can also do influencer marketing. If you find somebody that is an influencer, they're on Instagram, they're on Twitter, they're on YouTube and they're doing videos that are related to your particular product, you can offer them the product for free. You can say, here's the product we would like for you to review or you may have to pay them something. Some of them wanna be paid and that's okay too because they reach the audience that you're trying to reach. And of course, once you build a list of people that are interested in your product, you're gonna wanna do email marketing. You're gonna wanna send emails to these people about other related products you have. Now, one of the best email products out there is Cartra and Cartra you can build your sales pages, your thank you pages, your content, whatever you wanna do but I highly recommend Cartra and below in the description I'll put a link to Cartra. You can watch a video there, absolutely free. You don't have to opt in, you have to give your email, you have to do anything, just go there, click that link, watch the video, you'll see all the things it does. If you are interested in Cartra, that link will also allow you to get a trial of Cartra for only one dollar, a dollar, okay? So that's well worth it. Also, don't forget you're gonna wanna send them content and that would be articles, blogs, videos, whatever you can get together that is related to that particular niche. And step six is to optimize. What do I mean by optimize? What I mean by that is you're gonna wanna figure out which products are selling better than others. You're gonna wanna figure out which price points are better than others. So you're gonna need to test. Don't assume that you send a product out there and it's selling for $15 and you're happy because it's selling for $15 that that's the right price. You're gonna wanna try it at $12. You're gonna wanna try it at $20, $18 because oftentimes, and I've done this before with products, I think I've got a good product and I think it's working real well and then I change the price or I change a headline or I change something and it improves it. So you gotta constantly test and optimize. So overall, drop shipping is a great business model. It's one where you don't have to invest a lot of money. You don't have to have a ton of knowledge out there either it's just really not required. And the software is take care of most of the tasks for you. They can automate everything. You know, Cartra can automate all your sales letters, all your content, all those things. And of course, Oberlo can automate bringing those products in from Aliexpress to your Shopify site and of course your Shopify site, that's where you sell them all. Now, if you liked this video, do me a favor, give me a thumbs up, don't forget to subscribe down there. Ring the bell, gotta ring that bell over there. Turn on all bell notifications so that you know when I do a video you'll be part of the Fisher family, part of the VIP group that gets notified every time I do one of these videos. Now, if you have questions about drop shipping, do me a favor, put those in the description below. Anything you've tried on drop shipping that you think will be helpful, put that in the description below too, it will help everybody else out. Now, don't forget, I have a $97 course, it's in the description below, all you gotta do is click and learn, no credit card required. Thank you so much for listening to this video and I'll see you in the next one. Hey, thanks for watching my video. Don't forget to subscribe to my channel and click that little bell right there so you can be notified every time I do a new video. Also, click on one of these videos there, keep watching on my channel.