Drop Shipping Working from Home
Published: 30th December 2011
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I wish i had a penny for every time someone asked me if they knew if they could possibly be successful online working from home. This has always been a question that can be answered immediately and that is by saying yes, but i have to stipulate to anyone who asks the question, can i earn a full time income online working from home yes but only if you put in the initial work from the start.
There is a friend of mine called Chris Farrell who after 2 years online now has a seven figure income working from home, but he did not achieve it by sitting on his butt. My views on starting online are a little different to Chris's, but the end results will be the same if the effort is used that is required.
Drop-shipping as a way to start off in business, it's fun when you get rid of the initial newbie syndrome and also it can be quite rewarding as well. Working from home drop-shipping is a simple no brainer way to begin your online business, for example:
1 No stock needed.
2 Not too risky.
3 Only need a computer and internet connection.
4 Not expensive to setup.
The beauty of this type of business is that you do not have to keep any stock at all so you have no cash outlay up front like a normal retail business. Your part of the arrangement is to market the goods the drop-shipper has in order to get your commissions for the sales. This is great because the inventory is taken care of and also the orders you manage to get from working from home are also processed by the drop-shipper
Pay the drop-shipper his price for his product and charge the customer the price plus whatever you feel is enough to be a reasonable profit for yourself, but having said that don't forget you must check the prices you are charging will not only give you a nice profit but also that they are competitive enough for customers to find value in their purchase.
Working from home drop-shipping means no expenses for renting a warehouse or shop space because your shop is a virtual one which is run from your home. Having a website would be a plus as far as i am concerned, but it is not a necessity you just need to try and build up a list of repeat buyers and try to get some kind of mailing list and some reliable wholesalers to deal with.
A word of warning in the U.S, because there are many unscrupulous people online it is a necessity that you check that you have the correct license's in place in regards to working from home drop-shipping. One of these definitely need to be a Resale Tax I.D, this will make sure you are viewed as a legitimate business and not some flash harry trying to make a fast buck.
Wholesalers who are worth their salt will or should ask for a Resale Tax I.D, but once again it depends on the the country you are in or if it's the United States then it may be different across other states. Another upside to the Tax I.D is it stops you from being taken for a ride by lets say less than ethical marketers and wholesalers which in essence will leave you losing money and maybe even your business itself. All you need to do to make sure everything runs as smooth as possible is to do your due diligence and remember that drop-shipping is a good business where you can work from home and make a good living. You can work the times you want and build a profitable and comfortable way of life.
My final thoughts are this, many people try to work from home but they all make one fatal mistake and believe me it is so simple to overcome and that mistake is "They Don't Take Action". There are millions and millions of consumers out there wanting to spend money on different goods, don't you thing you can sell them something? "Of Course Do It"
For more info on Drop shipping please feel free to visit http://www.paulsmithswebsite.com
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