What I Would Do Differently Starting Drop Shipping in 2024
Are you interested in starting a drop shipping business? If so, you're in luck because there is so much more software, apps, and knowledge available now compared to just a few years ago. However, starting a drop shipping business in 2024 is still not the same as it was in 2018. In this article, I will share what I would do differently if I were starting a drop shipping business from scratch in 2024.
Saving Money
The first thing you need to do when starting any online business is to save some money. Yes, there are videos out there claiming that you can start drop shipping from $0 or under $100, but it's just a little bit harder and you have a lot less money to play with and test. A healthy budget to start a drop shipping business in 2024 is between $3,000 and $5,000. However, if you have a smaller budget, it is still possible to drop ship. The key is to find someone on YouTube, like Jordan Welch or myself, and start following their accounts.
Organic Traffic
Once you have saved up some money, the next step is to start building your brand or business. The easiest way to do this is by using organic traffic. With the rise of TikTok, Instagram Reels, and YouTube Shorts, it's easy to advertise your products online for free. The key is to make engaging, viral content that resonates with your audience. This can be tricky, but it's not impossible. The most important thing is to be consistent and keep learning.
Paid Traffic
Once you have found success with organic traffic, the next step is to move into paid traffic. This can be easier if you started off with organic traffic because you have already found a video or ad creative that works and resonates with your audience. The key is to reinvest the money you make and start running paid traffic.
Learning and Applying
One of the most important things you can do when starting a drop shipping business is to keep learning and applying what you learn. There are loads of testing frameworks, like CBOs and ABOs, that you can use to improve your business. The key is to keep improving and testing new strategies.
Picking a Niche
Another important thing to consider when starting a drop shipping business is picking a niche that you're passionate about. This will make it more fun for you and your friends and family to create content for it. It's also important to stick with one niche and not bounce around between different niches.
Don't Worry About the Money
Finally, don't worry about the money. It's easy to get caught up in the flashy lifestyle of drop shipping, but it takes time to build a sustainable business. Set realistic goals for yourself and keep improving.
In conclusion, starting a drop shipping business in 2024 is easier than ever before, but it still takes time and effort to build a sustainable business. By following these tips, you can increase your chances of success and build a business that you're passionate about.
Highlights
- Save some money before starting a drop shipping business
- Use organic traffic to build your brand or business
- Move into paid traffic once you have found success with organic traffic
- Keep learning and applying what you learn
- Pick a niche that you're passionate about and stick with it
- Set realistic goals for yourself and don't worry about the money
FAQ
Q: Is it possible to start drop shipping with a small budget?
A: Yes, it is possible to start drop shipping with a small budget. The key is to find someone on YouTube and start following their accounts.
Q: How long does it take to find success with drop shipping?
A: It takes time to find success with drop shipping. The key is to be consistent and keep learning and applying what you learn.
Q: Is it important to pick a niche that you're passionate about?
A: Yes, it's important to pick a niche that you're passionate about. This will make it more fun for you and your friends and family to create content for it.
Resources
- Shopify: https://www.shopify.com/
- TikTok: https://www.tiktok.com/
- Instagram Reels: https://www.instagram.com/reels/
- YouTube Shorts: https://www.youtube.com/shorts
