Last Updated on September 2, 2020
It is essentially a retail fulfillment method that allows you to open an e-commerce store without maintaining or even owning inventory, and without having to ship the products you sell to the customers. That’s why you don’t need to invest much.
You have to choose a product or line of products to sell (usually dropshipping stores opt to sell a low number of similar products) and contact a manufacturer, create a website, and advertise it.
Then, every time you get an order through your website, you simply forward that order to your supplier and they will package and ship the product with your store’s information and branding to your client.
However, having a successful dropshipping business is not as easy as it sounds. You need to pick a very good product and have extraordinary online marketing skills (with a deep knowledge of Google Adsense, social media traffic and marketing, search engine optimization, and branding).
5. Sell an online course
People are willing to pay for exclusive educational content. That’s why online courses have become so popular in the past few years. The offer is so large that the market has been filled with low-quality courses that have very little to offer to anyone who buys them.
So, if you are an expert in a field that has been stirring up the interest of the general public, you should consider creating your course. Of course, this is a very labor-intensive task that, once is done, still requires a huge marketing effort to become profitable. But if it is something you are passionate about, it is worth trying!
