How To Start Drop shipping Business In 2020
Every business you need to invest some things like Time, Money etc. And here you can earn very well in drop shipping.
|How To Start Drop shipping Business In India in 2020|
Drop shipping Business Model
|Dropshipping Business Model|
Benefits Of Drop shipping Business
- Very less investment ( Capital ) required.
- No need of warehouses.
- No need to purchase product.
- No need to pack product by yourself.
- No need to ship by yourself.
- No need of Accounting or tracking of product by yourself.
- Full business is online.
- You can open a store free on Facebook, shopify, Etsy.
Starting Drop shipping in India
Register Your Business
Open A Current Account
For drop shipping business you can open current account in reserve bank of India or the best option is to open account in foreign bank because they have large network and it is easy for foreign transaction.
Open PayPal Account
Draw A Product List
As a drop-shipper, firstly you have to finalize that products which you're going to sell.
Because when you are going sell any product that get competition automatically with big websites like amazon, flipkart etc.
Generally, you have to know what is trending and that you can sell immediately.
For online businesses Maximum selling products are mobile products Like accessories, spare parts of machinery etc. because only these products have large number of customers.
To start selling from marketplace like drop shipping you have just finalize your sector that you wish to enter.
Check Indian Rules And RegulationsChecking of Rules and Regulations are very important before entering in business world. You have to check import and sales Rules.
For example, remote control car have operated above frequency is banned by government.
Also for food items only if they have clearances from Indian standard Authorities And Food Safety.
Pharmacy sector also have strict rules and regulations in India, you can't import medicines from foreign countries directly, that means you are not able to start online pharmacy shop.
In drop shipping business many products requires certification and clearances before of its use.