Are you wondering how to make money online for beginners without paying anything? It is possible, but it’s very difficult to start a legitimate business without investing something. So what’s the minimum investment? Let’s say $100?
So, now you might ask, can I start dropshipping with $100? Yes, it’s possible, but not without some pros and cons. Let’s take a look and see what you can expect.
Can I Start Dropshipping With $100?
Yes, you can start dropshipping with as little as $100. But you will need to carefully choose your products, find the right dropshipping platform, and be prepared to put in a lot of work.
The following are our top tips for starting a dropshipping business with as little as $100:
- Choose Your Niche: This is where you need to do your homework and find a niche market that has high demand but low competition. Not easy these days. In addition, you need to look for products that have a reasonable profit margin and can be easily sourced from reliable suppliers.
- Choose An Online Store: Instead of investing in a custom website, use a platform like Shopify to create your online store. Shopify offers a 14-day free trial so you can get started straight away. After your free trial, and if Shopify is the right platform for you, plans start from as little as $19 per month.
- Find Good Suppliers: Look for suppliers who offer dropshipping services and have a good track record of fulfilling orders on time. Consider using platforms like AliExpress or Worldwide Brands to find trustworthy suppliers that stock products within your niche.
- Test Your Products: OK, so this might cost you some money, but it’s a wise investment. Order your chosen products yourself to check the quality, how it looks when it arrives and how quickly your order is delivered. This will make sure you are offering the right products from a good supplier.
- Marketing: While marketing can be expensive, you can use free marketing channels like social media, content marketing, and newsletters to promote your products and attract customers. Creating interesting content that attracts your target market will encourage them to visit and purchase from your store.
- Build Relationships With Your Customers: Focus on providing exceptional customer service to build trust and loyalty with your clientele. Make sure you respond quickly to any customer inquiries to help you stand out from the crowd.
However, even with these tips, it’s important to take into account that even if you find the right niche products, if you don’t have a marketing budget, the failure rate of these small-scale businesses is very high.
If you’re wondering how to make money online without paying anything, then it’s better to start blogging on a niche you know a lot about, build an audience and then eventually sell your audience your products online.
Read next: What Is The Best Business To Start With $1000 Dollars?
