{"id":4134,"date":"2022-05-17T20:53:00","date_gmt":"2022-05-17T20:53:00","guid":{"rendered":"https:\/\/mdlst2020prod.wpengine.com\/blog\/?p=4134"},"modified":"2023-09-20T19:22:08","modified_gmt":"2023-09-20T19:22:08","slug":"start-drop-shipping-store-budget","status":"publish","type":"post","link":"https:\/\/www.modalyst.co\/blog\/start-drop-shipping-store-budget\/","title":{"rendered":"Setting up your Dropshipping Store in 7 Steps on a Budget"},"content":{"rendered":"\n

Setting up a dropshipping store <\/a>is a great way to earn money as an eCommerce business.  The most compelling feature of a dropshipping store is managing a store without the hassle of inventory and shipping logistics.<\/p>\n\n\n\n

You\u2019ve likely heard stories from entrepreneurs about how expensive starting a business is. These include tales of hopelessly seeking investors, or businesses struggling to stay afloat due to bleak financials. Don\u2019t let this scare you out of starting a drop shipping store because this model allows you to sell products with little risk.<\/p>\n

All you need to do is receive the orders and get in touch with your supplier \u2013 the rest is up to them.<\/p><\/p>\n\n\n\n

When it comes to funding your business, there are very few financial obstacles associated with setting up a dropshipping<\/a> store. In fact, you can get started with an online store with almost zero initial investment.<\/p>

Here\u2019s a 7-step foolproof plan on how to start a dropshipping store on a shoestring budget.<\/p>

\"set<\/p>

Setting Up Your Dropshipping Store on a Budget<\/strong><\/h2><\/p>\n\n\n\n

1. Research Your Options<\/h3>\n\n\n\n

Before starting any type of business, you\u2019ll need to do some homework.<\/p>\n

This involves getting online and checking out your competitors who are selling similar products. You\u2019ll also want to spend some time researching your potential suppliers and distributors to see what each has to offer.<\/p><\/p>\n\n\n\n

Each shipping partner will have a unique way of doing things and pricing models, so pay close attention to those details so you can make sure you\u2019re pairing up with the right group for your drop shipping store.<\/p>\n\n\n\n

2. Create a Plan and Stick To It<\/h3>\n\n\n\n

Before you can start your business operations, you\u2019ll need to have a solid plan in place. This includes a budget. Whether you have $50 or $500 to get started, it\u2019s important to identify what your budget is and make sure that you stick to it. The best way to do that is to keep careful records of all of your expenses to make sure that you don\u2019t go over your budget when you\u2019re setting up your store.<\/p>\n\n\n\n

3. Find Your Niche<\/h3>\n\n\n\n

It can be very difficult to appeal to everyone, in fact, many say that this is an impossible task. Instead, pick your products based on a specific niche<\/a> rather than trying to sell every product under the sun.<\/p>\n\n\n\n

If you know you want to sell animal related products, pick a specific area of that industry, such as vegan pet food or clothing for dogs.<\/p>\n

You\u2019ll have a much better success rate when you can narrow your focus down because you\u2019re more likely to be found when people are searching for a certain type of product. If your focus is too broad, your small shop will get lost in a sea of competitors.<\/p><\/p>\n\n\n\n

4. Set Up Your eCommerce Site<\/h3>\n\n\n

Once you have a good shop name<\/a> and logo its time to start creating your dropship store.<\/p>\n

Wix dropshiping website builder<\/a> is one of the most popular eCommerce platforms available to sellers today. It\u2019s easy to get started and its user-friendly interface makes setup and maintenance easy, even for sellers who aren\u2019t particularly tech-savvy.<\/p>\n\n\n

Shopify and Wix are both affordable option<\/a>, with monthly rates at less than $40, making it a great way to get started in the world of eCommerce on a budget. You can also start a Modalyst store, which helps you to increase your distribution and streamline your distribution process<\/p>\n\n\n\n

After you get set up with a basic online storefront and have your products selected, you\u2019re ready to move on to the next step.<\/p>\n\n\n\n

5. Make Arrangements With Your Drop shipping Suppliers<\/h3>\n\n\n\n

There are plenty of choices out there when it comes to deciding which supplier to use for your drop shipping store<\/a>. Since you\u2019ve already done your research in step one, this is the time where you formalize your choice. You can do so by entering into a deal with the product distributor(s) of your choice. Each of the most popular shipping partners makes it easy to get started and you can be on your way in no time, without having to pay any upfront costs.<\/p>\n\n\n\n

The most important questions that you ask of your potential suppliers are:<\/p>\n\n\n\n