I learned about this thing called drop shipping when I was in Thailand. I was traveling through the Asia and stayed there for a month, teaching scuba diving to replenish my travel resources. That is how I met a client that changed my life and introduced me to the world of drop shipping.
In essence, it is a brilliant way to get started in the retail business without a significant starting investment. You can start your business online, selling hundreds of products without the struggles that usually follows. With drop shipping, you don’t need the storage facilities for all the selling items. There are no stores or complicated logistics that go along with starting a sales business.
You don’t sell physical product
You will be selling products that you don’t physically own in your warehouse. How, you might ask? Simply! All you need to do is to partner up with a wholesale supplier selling an item, commodity or product. They will do all the heavy lifting and store your goods. They will even send it out for you. All you need to do is to communicate with the buyers and your partners holding the assets.
I don’t want to make this sound overly simple, but it is a lot easier than the conventional sales method. The incredible beauty of drop shipping is the number of steps you cut down on. It is very convenient, easy and fast. With a good idea and sound business strategy, your chances of success are much higher. Especially when you don’t need to worry about storage, transport, security and many other things.
No office, no storage – you are free but connected to the Internet
But, I digress. I started this story by telling you how I loved traveling. So, how does it connect to the drop shipping? Also, easy! If you choose to do business this way, you will gain something that was so important to me: freedom. Not having to worry about the offices or the storage spaces means that you are free to go anywhere you want to. If there is an internet connection in the area – it can be an office. I found this very stimulating, and it motivated me to go on forward with my plan.
As my only real obligation was to get the wholesale trader and then transfer the needed information for the order – my laptop became my company. And that was what I was after all along. With no real limits to the number of sales I can conduct, the only thing holding me down was my desire to work more or less. With drop shipping, I control my workflow, volume, and tempo. And that, for me, is a definition of the perfect job.
Drop shipping is quite a specific way of doing business. It is, first and foremost, an online business that you can do from home. As it is still a kind of a retail enterprise, you will need to communicate with other people. You will cooperate and work with others, at some point you might want to employ additional staff or partner up with someone. The bottom line is – you will be dealing with people.
Why is that so?
What I want to focus the most are the people that work with you or for you. These are your employees and partners. You will be responsible for hiring, negotiating and paying them, keeping the happy and motivated. In the end – the way you communicate with them will impact the way your business is growing.
Chances are, you won’t be needing many of people for this business. For that reason, you should make sure that the selected few are, indeed, selected. Drop shipping is a narrow field of expertise, and it requires some knowledge if you want to success. In that sense, your employees need to be qualified and ready to work when you hire them. They might be your consultants, bookkeepers or legal personnel and you will want them to know their job. Organize job interviews and have a clear idea of what you are looking for.
This part might not be as tangible as you might want it to be, but it is fairly simple. Motivated workers are good employees, and there is no way around that. Make sure you know and understand the needs and desires of your workers. Work on making them happy, and they will work on making your company grow.
A motivated employee is still an employee. If your worker feels like a cog, he will perform like one. And it’s a bad thing. Including your staff in your drop shipping business can be a good tactic. Since the teams working here are usually smaller and more intimate, the information comes across very fast. Most data is transparent and available to everyone. In such an environment it is possible to motivate people by setting out bonuses based on sales.
If your partner is personally motivated to find more distributors, your sales will grow. Such employee is now bringing you more revenue while being happier about it.
Every good brand has a robust and memorable statement to make. I made my company because I wanted to be truly free and I offer that to all of my associates. This way, I share my personal happiness with others and motivate them to excel in their work. Now my workers are motivated, happy and eager to work their best every day.
Whether you’re small one-man company or not, all businessbpeople continually need to work on improving their businesses. Your business or company should never stagnate for long, and you always need to be busy finding out the best ways to improve your statistics.
People already discovered and tested many business-improving tactics, and I wish to share some simple ones with you:
Keep the score
Knowing where you are and how your business is standing is a more than information. It is crucial that you always know the numbers that you are operating with. This way, you can track your success, develop tactics for the future and fix the mistakes from the past. If the task of keeping tabs proves to be too much – you can always hire a third party to keep your books in check.
Keeping a business is difficult by itself, and if you try to navigate the restless waters of the economy without a sound plan, you might get in over your head. You need to have a business strategy, to begin with. It will be your general plan. This plan, however, is not the end. You need to break it down into components and then treat each of them as a goal itself. This way you are less likely to stray or make big mistakes.
Be ready to work with people
Even though you are working online, you are still not entirely digital. You still need to talk to people, present your ideas, communicate with other companies, etc. The way you conduct in these situations will speak volumes about you personally as well as about your business. Having an interview? Make sure to come prepared. Pitching an idea? Learn the presentation and do it like a professional.
Stay on top
Making yourself the best you can be will certainly improve your business. You should always look forward and improve where you can. Learning about your part of the market, competition and new technologies will make you better equipped to navigate through your online business career. Markets change fast, and it is even more correct for the internet business. Being up to date is not a handy trick as much as a prerequisite.
Mind the staff
Depending on the type of your online business, you might have one or several hundred employees. In any case – knowing how to work with them is imperative. Every chain is as strong as its weakest link. Same applies to your company. If there is an information bottleneck or a neglected section in your staff, the company will suffer.
Take a break
Seeing how the term of a workaholic is glamourized in Hollywood movies, one might think that it’s the best way to go. While it can make an excellent business strategy for some, most people are only human. Taking a break both in a daily routine and on a large scale is vitaly important. We all need a chance to step back and relax from time to time. The first benefit is that you get some rest and enjoy your success. Secondly, people wrapped in their projects often can’t see obvious problems until they take a step back. Take a vacation, get some sleep and you will see how much easier it is to solve any problem.