Compared to traditional enterprises, starting a dropshipping business is easy and requires significantly less capital. You don’t even need to build your own website anymore, as there are templates that allow you to build your own eCommerce store in less than 10 minutes. Next, do research on the products people are already buying and choose a profitable niche and range of products.
You’ll also need to find reliable suppliers to procure your orders from. This requires extensive research and thorough vetting as you wouldn’t want to partner your business with disreputable suppliers (to make the process easier, source via dropshipping marketplaces). Just as importantly, you’ll need to market your business using your preferred digital marketing channels.
In this video, the Tan Brothers outline their product research strategy. Their time-saving tips will give you more room to focus on optimizing your funnels and scaling your campaigns.