5 Steps To Start Dropshipping Business In Nigeria 2024: We all know that since the removal of fuel subsidies in Nigeria, things have become difficult. Salaries are no longer sufficient to meet our needs, and transportation costs to go out and look for daily meals have become a real burden. Everything is not just in order. But what if I told you that you can start dropshipping without money and earn more than your 9 to 5 job?
Yes, you read that right. With dropshipping, you can earn a six-figure income online without having any inventory.
I understand that you might be thinking about how you can get started. Don’t worry, that’s exactly what I’m about to teach you. I will take you through five steps to start a successful dropshipping business.
What is Dropshipping?
Dropshipping is a retail fulfilment model where an online store does not keep the products it sells in stock. Instead, when a customer places an order, the store forwards the order to a third-party supplier, who then ships the product directly to the customer.
How does Dropshipping work?
Here’s how the dropshipping business works:
1. Customer places an order: A customer visits your online store and places an order for a product.
2. Order forwarded to a supplier: You forward the order to your dropshipping supplier.
3. Supplier ships product: The supplier ships the product directly to the customer.
4. Customer receives product: The customer receives the product and is hopefully happy with their purchase.
The image below illustrates dropshipping:
Is drop shipping a profitable business?
Yes, it can be, if managed well and with proper strategies. If you’re wondering how profitable dropshipping can be, let me give you an example. There are products like PRO 9 Smartwatches from China that you can dropship and earn six figures without much hassle.
These watches are sold at a rate of $6.88 on Alibaba.com.
On Amazon, the same product is sold for $349.99.
If you subtract $6.88 from $349.99, the result is $343.11. After subtracting $15 for logistics and another $15 for advertising, the total cost of the product comes down to $36.8. Subtracting $36.8 from $349.99, you have a profit of $313.11 for a single sale.
If you make 50 sales in a week, you’ll earn $15,650 weekly. Just imagine how much you could make annually with a single product.
This example demonstrates the profitability of dropshipping. If you’re interested in starting a dropshipping business, I encourage you to start today.
Let me jump into the details of how to start a dropshipping business in Nigeria.
5 Steps To Start Dropshipping Business In Nigeria 2024
Quick steps to start dropshipping.
1. Find a Winning Product
A winning product is a product with low competition and high demand in the market.
Factors to identify winning products are:
• Low competition
• High demand for the product
• Profit margin.
Finding winning products is the most crucial aspect of a dropshipping business. With winning products, you can achieve a lot of things, like making a six-figure income monthly without stress.
From the introduction, I have discussed how profitable it can be when you find winning products.
There are several ways you can find winning products. Such ways are Shopify, AliExpress sellers page, Facebook And library, TikTok ads, and many more.
Also, there are tools to help you spy on Shopify stores and give you access to the products database so that you can see products selling well and also profit merging.
2. Find a Supplier
Finding a supplier can be a challenge for beginners starting a dropshipping business for the first time, and this stage is one of the crucial stages in starting a dropshipping business.
Why finding a dropshipping supplier has become a challenge? It’s because the number of scammers claiming to be dropshipping suppliers is increasing daily, and the rate at which people are falling victim is alarming. So if you are starting a dropshipping business, you must avoid scams by all means.
If you can’t find a supplier from overseas, I suggest you start with a local dropshipping supplier within your state or your country. If you are Nigerian like me, I have a list of legit dropshipping suppliers in Nigeria. If you are interested in a list of dropshipping suppliers in Nigeria, use the contact page to contact me to get access to the lists.
Another reason why finding dropshipping suppliers can be challenging is low-quality products. You know the feeling of your products getting negative feedback from customers, so to avoid this, you must find suppliers that dropship quality products.
I will also find time to take you through the process of how to find a dropshipping supplier that supplies quality products.
Another problem beginners face with suppliers is price negotiations. Not everyone has negotiation skills. So you have to learn how to negotiate prices and also have an idea of the refund policy, which I will discuss on my TikTok account and Facebook page. Check around this website to follow my social media handles.
3. Set Up an Online Store
Getting a store for your dropshipping business is important because you can list your products with descriptions of the products and easy to customize.
You can customize your store any way you want it to be, and also with an online store, you can save your buyers’ contacts via email subscription and send them emails anytime you list new products on your store.
You can use Shopify, a woo-commerce plugin, to set up an online store.
I also help people set up online stores.
Marketing will help you succeed in the dropshipping business, even if you are a beginner. With the help of marketing, your store will get visibility online for free.
You can use Facebook ads, TikTok ads, and Google ads to promote your products.
You can also market your store via SEO, which stands for Search Engine Optimization. This will help you get customers from Search Engines like Google, Yahoo, and Bing for free.
If you need more information, my DM is open for guidelines. Don’t worry; it’s a free guideline.
To succeed in the dropshipping business, you need to have the right mindset. You need to be willing to learn, be patient, and persistent. It’s not a get-rich-quick scheme, but with hard work and dedication, you can achieve success.
Before I end, let me address some frequently asked questions.
1. Can I do dropshipping on Amazon?
Yes, you can dropship on Amazon. Here’s how to do it: Find the products you want to dropship on Amazon, get a supplier, negotiate the price, and inform your supplier that you are selling your products on Amazon. Pay for the goods, and the supplier will ship your products to the Amazon warehouse.
2. Can I start dropshipping with no money?
Yes, you can start a dropshipping business without money. Here’s how to do it: First, find a product you want to dropship, find a supplier, and set up your landing page or online store. There is a free platform that allows you to create landing pages or online stores for your business. Promote your store with TikTok, Facebook groups, and SEO.
Once you receive an order from a customer, send the money to the supplier, keep your profits, and later expand when you have the funds.
3. Where can I find dropshipping products?
You can find dropshipping products on several platforms such as AliExpress, Alibaba, 1688, Made in China, eBay, and Jumia for Nigerians.