Step 4:
Decide dropship company for your dropship business !
Once you found good products that have high demand and profitability, low supply, you need to apply for the dropship company.
They will send you their dropship program information. Most of the dropship companies offer about 50% to 65% discount as a wholesale price to the dealers.
Some companies offer dropship fee ( $1.00 to $5.00 for each order) and also some may offer minimum order about $150.00 in the first time order.
Please make sure to check all their dropship program information. I'm measuring at least 60% profits from the wholesale price. Your profit = retail price you set up in your store - wholesale price - transaction fees
If the dropship company offer dropship fee in each order, you can add the dropship fee in the retail price when you set up the price.
Step 5 :
Find a web hosting company and register the domain name!
I started from this service because I chose
drop ship method for my business. Yahoo Small business merchant solution is good for beginners who are planning to
open online store ( ecommerce store), selling
drop ship & wholesale products.
Domain name registration, online product Catalog manager and Inventory Management, shopping cart. They updated their templates for online stores which look much more professional looking than before. and you can create your own yahoo store by doing easy 3 steps.
Also you can transfer your web page if you already made it from Microsoft Front page or Dream waver.Automated UPS shipment processing, tracking, and shipping label generation.
You can check where your visitors came from, what keywords the visitor searched using Yahoo store manager. They have three optionals that are for
- Starter $39.95/mo
- Standard $99.95/mo
- Professional $299.95/mo
- Set up fee $50
.
Easy to make and edit online products catalogue pages. inventory manager, UPS calculator for shipping option page , payment method, etc..
If it is for only web hosting ,
- Starter $11.95/mo
- Standard $19.95/mo
- Professional $39.95/mo
- $25 set up fee.
For more info please visit this site below,
Step 6 :
Build your successful online store!
Yahoo offers free download instruction to build your yahoo store. However for beginner's, it may be litttle bit confusing to build the yahoo store using only their instruction.
I found great ebook Online store profit/ build a yahoo store written by Andy Jenkins and Audrey Kerwood when I was struggling to build my yahoo store, it helped me alot.
They are great teachers and they explain everything about how to build Yahoo store by step by step system. Fun to read and easy to understand.
They are also running their yahoo store, selling replica medieval swords and are earning more than $18,306 a month.
Online store profits, Build Yahoo Store !
How to Create a profitable e-commerce Store A Step By Step system for Selling on the Internet …
even if you have no inventory !!
Click here to go to the website
Step 7.
Apply for the merchant service to accept credit card payment from your customer!
I'm using this company to accept our customers payment with their credit card.
This company offers very low transaction fee rate. Visa, Master -
2.25% and $ 0.29 per transaction fee, American Express -
3.5%.
Also
quick apploval time it will take only 1 to 2 days and they have high approval.
The customer support is very friendly and helpful. The price we paid for this service when I applied for it was
$58.95 ( one time secure gateway fee $49 + monthly fee $9.95 )
Highly recommend !
This company also offers great tool. One time set up fee
$125.00 , Visa Master -
2.21% and $0.25 per transaction fee, American Express 3.5%, $5.00 a month, Discover - 2.38% and $0.30 per transaction fee.
no monthly fee. Quick and high approval.
Click here to check the website
Step 8.
Get a traffic to your site !
After you set up your payment system in your online store, you need to get traffic to get visitors to your site.
I collected many information about internet marketing to increase the number of visitors for my online store.
What you need to learn to get a lot of traffic to your site ?
- Search engine optimization
- Article marketing
- How to make a visitor's list and email marketing
- How to use Pay Per Click advertising service ( Google adwords, Overture, etc..)
