🚀 Drop Shipping in 2024: The Best Online Business Model to Generate Your First Million
Are you looking for a profitable online business model that can help you generate your first million? Look no further than drop shipping. In 2024, drop shipping is still the best online business model to help you achieve your financial goals. However, if you continue to use AliExpress, you may drive your drop shipping store into the ground with low profits and limited success. But don't worry, I've got you covered. In this article, I'll be sharing the best private suppliers and the best supplier to use throughout different parts of your journey with your drop shipping store.
Table of Contents
- Introduction
- The One Product Drop Shipping Method
- The Importance of Product Quality and Shipping Times
- Using PayPal or Credit Card for Payment
- Ordering a Sample of the Product
- Choosing the Right Country for Your Drop Shipping Store
- The Best Private Suppliers for One Product Drop Shipping
- Print on Demand with Gelato
- Questions to Ask Drop Shipping Suppliers
- When to Start Branding Your Products
- Third-Party Logistics (3PL)
- Conclusion
The One Product Drop Shipping Method
Most drop shippers start with the one product drop shipping method. This means that you're only ordering products once somebody places an order on your Shopify store. You don't have any inventory, and you're not using a 3PL. However, there are always going to be a few issues with this method, such as processing times. The good news is that in 2024, this part of the process keeps getting better when it comes to one product drop shipping. But it's important to be aware that no one is perfect, no matter who you work with when you're doing this method of drop shipping.
The Importance of Product Quality and Shipping Times
When choosing a supplier, product quality and shipping times are more important than the product cost. Most people when they choose a supplier only want to work with a supplier who is the cheapest. However, you want to have a good overall round when it comes to shipping cost, shipping times, and product quality. Don't just emphasize who you choose on the cost.
Using PayPal or Credit Card for Payment
Always use PayPal or use a credit card when paying your supplier. That way, you're going to be safer when working with them. If they were to do you over, that could mean that they don't ship the product, they don't ship the right product. This will protect you because you can either chargeback or open a claim through PayPal.
Ordering a Sample of the Product
Always order a sample of the product so you can vet for yourself that it matches the quality control and the ethics of yourself. This is important because you want to make sure that the product you're selling is of high quality and meets your standards.
Choosing the Right Country for Your Drop Shipping Store
When it comes to choosing the right country for your drop shipping store, it depends on where you're selling. If you're selling to the EU, then using a European supplier makes a lot of sense for shipping times, taxes, and other things. However, if you're selling to the US, then using a Chinese supplier makes more sense because they have a wider range of products and better shipping times.
The Best Private Suppliers for One Product Drop Shipping
The first supplier that I'd recommend is called Zen Drop. You can use them using the link in the description, and you will get an exclusive discount once you create an account on Zen Drop. Zen Drop is an American-based company that works with different suppliers in China and America to get incredible pricing and shipping time for these products. They have a catalog of products that you can choose from, and you can filter them by ships from anywhere, ships from the US, or ships from China.
Another great supplier for one product drop shipping is Gilo. Gilo is for print on demand, but it's important to mention in this article because it's completely free to create an account with Gilo. They have a full range of e-commerce performance services, including storage, order processing, shipping, and receiving.
Print on Demand with Gelato
If you're thinking about doing a hybrid store print on demand and normal drop shipping, or you're thinking about doing print on demand in the future, Gelato is the best option for this in 2024. Gelato is completely free to use, and they have a full range of products that you can choose from, including men's clothing, women's clothing, kids' clothing, phone cases, mugs, photo books, custom calendars, cards, stationary, and business.
Questions to Ask Drop Shipping Suppliers
When choosing a drop shipping supplier, it's important to ask them the right questions to ensure the best quality when working with them. Some of the questions you should ask include:
- What types of products do you specialize in?
- What is the quality of your product?
- Are there any brand restrictions on these products?
- What shipping methods do you offer?
- What are the average shipping times to various regions?
- How do you handle lost or damaged shipments?
- Do you provide tracking information for all orders?
- What is your return policy?
- How are customer service issues handled?
- Who is responsible for the return shipping costs?
- Do you require a minimum order quantity?
- Are your products compliant and regulatory throughout the different markets?
When to Start Branding Your Products
You should start branding your products or white labeling them when you get 10 orders consistently for around about 1 month. This is important because it helps you establish your brand and build customer loyalty.
Third-Party Logistics (3PL)
If you're looking to take your drop shipping business to the next level, you should consider using a third-party logistics (3PL) provider. A 3PL warehouse provides a full range of e-commerce performance services, including storage, order processing, shipping, and receiving. Many 3PLs provide value-added services such as processing, cross-docking, or kitting.
Conclusion
In conclusion, drop shipping is still the best online business model to help you generate your first million in 2024. By choosing the right supplier, focusing on product quality and shipping times, and using a 3PL provider, you can build a successful drop shipping business that provides value to your customers and helps you achieve your financial goals.
