One of the few good things to come out of 2020 is the tremendous growth of eCommerce.
The pandemic forced a lot of people to stay at home, and with unprecedented unemployment rates and little else to do, many people turned to the internet to explore alternative sources of income.
Among the various eCommerce options that many people explored, dropshipping was one of the most popular choices. And for good reason, because if done right, it can be an extremely profitable business venture.
The best thing about dropshipping is that you can use a platform like Fiverr to do literally everything you need to and start making money from your business!
Since a lot of people will be trying dropshipping for the first time, I thought I’d show you how to do it with Fiverr. I believe it is one of the easiest and most convenient ways to get your business started.
If you have already started your dropshipping business, this method will still work for you. With it, you’ll be able to scale your business in a massive way.
Here’s how to harness the power of Fiverr to start or grow your dropshipping business.
Dropshipping: The short and sweet version
Dropshipping is a business model where, as a business owner, you run a store that does not keep any products in stock. Instead, when you sell a product, the sales order is passed on to a supplier. The supplier then ships the order to the customer.
As a business model, it works really well for several reasons:
- It is very cheap to set up
- You get almost zero production costs
- It allows you to avoid expensive storage and logistics costs
- You can offer your customers a much wider variety of products
- It has a high growth potential
- It is one of the most flexible eCommerce business models out there
So how do you make money? Well, when a customer orders a product from you, you’ll get it from your supplier at a discount. Once your supplier (who is usually the manufacturer or wholesaler of the product) fulfills the order, the difference between the actual cost of the item and whatever you sold it at is your profit.
For example, you buy an item at $5 and then, you sell it on your site at $20. The $15 margin is your profit.
One of the most important things about dropshipping is market research. As this will determine what kind of products you sell, you need to make sure that you enter a market where you can actually sell stuff.
However, you don’t want it to be too competitive either, as this will negatively affect your margins. So you want to work towards finding that sweet spot between demand and the supply that is currently available.
Next, as a dropshipper, your suppliers can literally make or break your business. This is why you need to make sure that you carefully choose the kind of suppliers you’d like to work with. They will determine your product quality, your return policies, and your fulfillment speed.
You should also test your products to make sure that your supplier delivers what they advertise. Testing will help you find out whether or not they meet your criteria because some suppliers can market themselves really well only to end up disappointing you when they have to deliver.
In summary, here’s how to dropship:
- Do your market and product research. Make sure what you chooe to sell works well with your market and potential customer base
- Do your competitor research. Can you beat what is currently available? Also, be sure to look at how they price their stuff
- Find a good supplier
- Set up a fulfilment system. There are online platforms that can easily do this for you.
- Promote your product
- Make that money!!
Why outsource your dropshipping business to Fiverr?
Everyone knows that Fiverr is the world’s largest freelance marketplace. But few people know that it is possible to use the platform to build and scale your eCommerce business, especially as a drop shipper.
One of the greatest appeals of dropshipping is that you can set it up as a side hustle and grow it into an income-replacing business within a relatively short time. Because it is so flexible, you can make it as big or as small as you want, all while keeping costs down.
That said, as a business model, dropshipping has a lot of moving parts. Building your site is just the tip of the iceberg. You’ll also have to constantly do your product research, invest in quality product content, take care of customer support, explore multiple ways market your business, and run ads to boost sales.
This is where Fiverr comes in. You can outsource all these things to freelancers on the platform, freeing up your time and saving you money in the process.
Plus, you also get to work with experts while paying a fixed fee instead of an hourly rate, which can save you a lot of money. Of course, the payment protection guarantee and the 24/7 support are also nice! 🙂
The best part about all this is that Fiverr has curated some of the best sellers on the platform offering these services in one place. On this dedicated dropshipping page, you’ll find all the freelancers you need, organized according to the services they offer.
It’s also broken down into the various steps you need to go through to run a successful dropshipping business, which means all you have to do is navigate to the page and get started building or scaling your business.
Here is a closer look at what you get with Fiverr when you choose to build your dropshipping business with them:
Fiverr’s 5 Steps to Starting Your Dropshipping Business
Step 1: Build a dropshipping store
Obviously, if you want to sell your products, you need an attractive platform to do it with. From Shopify to eBay and everything in between, you have a lot of options when it comes to what platform to use.
While Shopify is the most popular choice among drop shippers, Fiverr does not limit you to it. Instead, it expands your horizons by offering you a wide range of options from top sellers with hundreds of satisfied clients. Sure, you could do it on your own, but your DIY site will never beat the professionally done ones!
This means you’ll be able to get high quality services at a fraction of the price you’d have had to pay in the real world!
Step 2: Research your way to the right product
A lot of people get stuck on this for months. This isn’t surprising at all because the products you sell will have a direct effect on how profitable your business becomes.
But what if you could take all the stress and indecision out of the equation by getting recommendations from people who have been researching products for years?
Well, that’s exactly what Fiverr offers! For as little as $15, you can have professionals do your product research for you, increasing your chances of launching with a winner right from the start.
Step 3: Create killer product content
Content is king when it comes to dropshipping. Your products need to look good if you want them to be bought. We’re talking about high quality product photography, convincing product descriptions, interesting video ads, and on-demand photoshop services.
With Fiverr, you get all this and more. All you have to do is select the subcategory you want and you’ll have an army of freelancers ready to create breathtaking product content for you. You’ll be amazed at how much a quality-looking product can boost your conversions.
Step 4: Manage your inventory and customer care
This is a big one with drop shippers. Let’s face it; answering all those emails and replying to Facebook comments all day can get a little monotonous and boring. Plus, it’s extremely time-consuming. That’s why you need someone else to do it for you!
Fiverr will give you your very own customer support team, along with experienced inventory managers. This will allow you to focus on marketing your business and bring in more sales!
Step 5: Market your new dropshipping business
Speaking of marketing your business, you need to get as many eyeballs on your products as possible. But getting the word out about what it is that you do can be very difficult and time-consuming.
Good thing Fiverr has freelancers who can take care of this for you. You’ll be able to create your marketing strategy, have an active social media presence, and run ads through any platform you wish, including social media, search engines, mobile ads, podcasts, and more!
How To Find The Best Fiverr Sellers
As you look through all the sellers that Fiverr has to offer, it is easy to get overwhelmed when trying to figure out who to work with. Here are a few tips to help make this decision a little easier for you:
1. Start with their ratings and reviews
After every job done on Fiverr, buyers are encouraged to leave a written review as well as a star rating about the delivery they got. If a seller has mostly positive reviews and ratings, you can generally be sure that they are reliable and trustworthy.
Be sure to also check out the negative reviews as well. What didn’t buyers like about this seller? Is it a deal-breaker for you? When you are vetting multiple highly-rated sellers for the same service, this could help you thin the herd a bit.
2. Check out the seller level
Fiverr has a seller rating system that is based on factors like timely deliveries, communication with buyers, and buyer ratings. However, behind the scenes, sellers also get rated on their response rate, order completion rate, selling seniority, number of orders done, earnings, and days without TOS warnings.
Together, all these things determine the seller level. Fiverr sellers are grouped into the following categories:
- Seller: Those who are new to Fiverr fall into this category.
- Level 1: This is the fast rank that sellers ascend to after meeting certain requirements
- Level 2: Some of the best sellers on Fiverr fall in this category
- Top-rated setter: The handpicked sellers in this category have met Fiverr’s strict criteria for client satisfaction.
- Pro: A seller can attain this distinction without necessarily having to meet Fiverr requirements. It is based on their qualifications outside the platform.
3. Test out different sellers
If you want to use Fiverr for ongoing tasks needs in specific service categories, consider testing out multiple sellers on the platform who offer similar gigs. This may cost you quite a bit to begin with, but it will pay off once you find that one seller who exceeds all your expectations.
4. Ask for custom orders
A little-known feature that most buyers don’t take advantage of (or are unaware of) is the custom order option. Other than the standard gigs that sellers offer on Fiverr, you can also request a custom gig. This means you can get a seller to tailor their services to your needs if you like their work.
Custom orders can come in really handy if you don’t find anyone that offers the exact gig you’re looking for, if you need a bulk discount, or if you are looking for a long-term arrangement with a seller.
5. Build good relationships with sellers (for the long term!)
If you plan to use Fiverr for a long time, consider working with one or two people every time. This is way better than using different sellers with every order. When you use specific sellers, they’ll get better at taking care of your needs over time, improving the quality of work you get with each order.
Here’s the best part…
While Fiverr does everything it can to make using the platform to build your dropshipping business as straightforward as possible, I know it may seem like a huge undertaking for some people.
Well, if you do not have the time to do it yourself, or if you can’t be bothered to go through the entire process of finding and vetting sellers, you can simply reach out to Fiverr with what you need and they will match you with the perfect freelancers for your budget and needs!
I think this is the icing on the cake for anyone who’s looking to build or grow their dropshipping business. It’s just so straightforward!
Final thoughts: Ready to build your dropshipping business with Fiverr?
Whether you have been thinking about starting your dropshipping business or you need to scale what you already have, I highly recommend outsourcing to Fiverr to get all the heavy lifting done for you at a fair price.
I think this is hands down the best way to build and supercharge the growth of your dropshipping business.