how do influencers make money ?
Are you currently an influencer or hoping to become one in the near future? Are you looking for a way to make some real money as an influencer?
If so, you’ve come to the right place. As a current or future influencer, you can make a lot of money by starting your own dropshipping store. Because you’re going to be already established as an influencer, you’ll have the audience necessary to make your store lucrative.
To learn more about how influencers make money through their dropshipping store, keep reading. We have everything any current or aspiring influencer needs to know.
What Is a Dropshipping Store?
A dropshipping store is a kind of retail fulfillment strategy. What makes drop shipping different is that the store owner (you) doesn’t actually have the products that he/she sells.
Instead, you partner with a supplier that has the products. When a customer buys a product, the order flows into the supplier’s system. They ship the product to your customer on your behalf. Essentially, as far as your customer knows, you’ve sent them the product. But in reality, you haven’t even touched the product at all.
Here is the typical step-by-step process for a dropshipping store:
- A customer places an order on your online store.
- The online store sends the order directly to the supplier.
- Your supplier sends the customer’s order with your branding.
What Are the Advantages of Having a Dropshipping Store?
Because of its unique setup, dropshipping stores offer several advantages to its users. Let’s walk through some of the best features that these kinds of stores offer.
You don’t need as much capital. Because you don’t have to keep up with your own inventory, you don’t need to worry about spending money on items that may not even sell. You also don’t need to spend money on storing all of the products.
It’s easy to get started. Setting up your dropshipping store is not difficult. The most involved part of the process is figuring out which products you want to promote and sell.
There isn’t much overhead. You’ll find that dropshipping doesn’t have many overhead costs since it is purely an online business. You don’t need to worry about storage costs, employees, warehouse utilities, etc. With fewer overhead costs, you’ll be able to invest more money in other parts of your project, like marketing.
Dropshipping stores have a flexible location. You’re going to be able to control and manage your dropshipping operations from home. In fact, a lot of influencers and dropshippers work remotely while traveling!
You can offer more products. Without having to worry about controlling and managing your own products, you’ll be able to depend on the products that the store offers. You’ll spend less time worrying about coming up with new product ideas. And, you can quickly catch and take advantage of new trends.
Are There Any Downsides to Dropshipping?
If you want to know what some of the potential downsides of dropshipping are, we’re going to cover those, too. Keep in mind that the disadvantages that we’re going to cover here do not happen to everyone. It depends on your personal experience with the niche and products you chose to focus on.
You may face low margins. Because dropshipping stores don’t require much monetary investment, competitors may push their prices lower than you’re willing to. If you’re worried about making a substantial profit on your merchandise, you may have to compete with those sellers who have pushed their prices down. Or, you’ll have to create content and build an audience that is not actively price shopping.
You won’t be able to keep track of your inventory. Some people prefer to manage and keep track of their stock. With drop shipping, you won’t have access to the physical inventory and entirely rely on your supplier.
You may be blamed for an error you didn’t make. If the supplier you’re working with ends up making a mistake, customers will see that as the one at fault. This is why using quality, vetted, and national suppliers (instead of international ones) are essential factors to consider when setting up your dropshipping store.
You may be limited in product options. Many suppliers don’t offer many variations for influencers who want distinctively branded products. You may have problems finding the products you wish to promote easily if you have a specific vision of what your merchandise is going to look like. If you’re using Shop1, this may not be a challenge as it includes thousands of US-Based Supplier Catalogs. At the time of writing this article, the database consists of over 75,000 dropshipping products you can sell today.
If these disadvantages seem terrifying, remember that they don’t happen to every influencer. In fact, you can overcome these disadvantages through a little bit of work or a simple shift in thought.
Why Should Influencers Have a Dropshipping Store?
As an influencer, you may be wondering if a dropshipping store is right for you. With so many different options for making money online, you need to make sure that you’re making the right choice for you and your followers.
“Consider this: Would you rather send your followers to others’ websites, OR would you rather send them to your own website and build your own brand?”
Thankfully, dropshipping stores are among the most popular options for influencers simply because they are the easiest and most promising option to set up and generate revenue. Most influencers aren’t well-versed in inventory management and shipping organization. That’s why they like depending on their dropshipping suppliers to take care of all of this for them.
Dropshipping stores are a great option for influencers to make money without wasting all of their time. All you have to do is set up your shop and promote its products. What could be easier than that?
How Do You Set Up a Dropshipping Store?
As we’ve mentioned, setting up one of these stores is quick and easy. Let’s go over the steps that you need to take to start your very own dropshipping store.
- Pick your product idea. Most influencers choose to release merchandise in line with their brand/individual personality. Still, you may want to switch it up. What kind of products are you looking to sell?
- Choose your store theme. Now that you have a clear idea of what your product category will look like, pick a design for your online store. Personalize your store to match who you are as a brand and influencer. Pick an excellent domain name and get ready to wow your followers.
- Conduct marketing for your shop. Post on your social media channels, upload a video with a sneak peek of products and try to get your followers and subscribers excited.
no credit card required.
How Much Money Can You Make With a Dropshipping Store?
The money you earn from your dropshipping store will depend on how much time and effort you’re willing to put into it. Many influencers have made upwards of $100,000 a year on their store.
If you’re looking to make a certain amount, you need to be prepared to put in the required advertising.
The greatest financial advantage to dropshipping is that you’ll have fewer costs, which means that you have the potential to make more money from your followers. You can sell your products at the same price as competitors who aren’t using a dropshipping store and make more in profit than they do because you have loyal followers.
The money that you make from your store can be your primary source of income or just compliment your other streams of income. If you already have a significant following, your advertising methods don’t need to be extensive for you to make a considerable profit. Just let your followers know about your merchandise!
Where Can You Start a Dropshipping Store?
After reading all about dropshipping stores and how influencers can make money from them, we’re sure that you’re excited to get started. However, with so many options for dropshipping stores, it can be difficult to choose which company to work with and depend on for your buyers.
If you’re looking for an easy, dependable dropshipping store, Shop1 is the right one for you. With our reasonable pricing and packaging options, we’re sure that you’ll find the all-in-one setup that you’re looking for in your very own store.
If you have any questions, don’t hesitate to contact us. We can’t wait to start working with you!
no credit card required.