Dropshipping from China: How to Start a Wholesale Business?

The dropshipping business is becoming more popular daily; it is very profitable. Anyone can venture into it as you can work from home. You can sell the product without seeing it, get your money, and it’ll be sent to the customer in dropshipping.

Many dropshippers get their items from China due to the low cost of goods in China. So, if you're seeking a solid business with little funding, dropshipping from China is an excellent option.

Here are some tips on starting a wholesale business by dropshipping from China.

1. Design the Vision & Mission

The first step in launching a wholesale dropshipping business is to examine your e-commerce company's objective and vision. Vision helps you to predict where your company will be in the future. Questions to ask to gain a sense of the company's goal include:

• What impact does my business have on society?
• What are my dreams?
• Do I have any change I want to see in society?

A company's mission is its purpose; it is what the company provides. The mission questions to ask are as follows:

• What does my business offer?
• Who does my business serve?
• How do I serve them?

Answering all these questions would help you effectively start your wholesale business.

2. Pick A Niche

The dropshipping industry is vast, and it is not ideal for a beginner to try everything. Beauty, gaming, office items, electronics, and other niches are examples. You must consider several criteria while selecting a specialty, including:

• Your passion, things you have an interest in;
• Goods that sell more;
• Goods that’ll be readily available.

3. Market & Competition Analysis

After deciding on a product to market, you must determine who your competitors will be. The aim is to set yourself apart from your competition and stand out in the business.

To perform market research, you must first create a list of your rivals so that you know who they are. You may use Google or Instagram to find what you're looking for. Then, examine their name, pricing, and what they post on their social media accounts, as well as their goal and objective.

4. Name Your Brand

After evaluating your rivals' websites, the following step is to name your company. Customers will notice your company name as the first thing they see. Your business name should convey a lot about your e-commerce venture; it should be appealing and instructive.

5. Look for A Reliable Supplier

You are almost ready to launch your wholesale dropshipping business when you reach this point. Look for a few vendors in China; you may find them on CJDropshipping, Alibaba, HyperSKU, and many other places.

The next step is to research these things:

• Check for their research policy;
• Check if they work with dropshippers;
• Is there a minimum order quantity?
• Assess the shipping fee.

6. Build Your Dropshipping Store

Shopify does not currently support dropshipping; alternatively, you might create a website with Shoplazza or Squarespace. Otherwise, you'll have to rely on eBay or Poshmark, which may not scale well as your business grows.

7. Drive Traffic

Any business's primary goal is to maximize profit, and you can only maximize profit if people patronize you. You may also pay for social media advertisements such as Facebook and Instagram ads. You can optimize your website for search engines. This would increase the visibility of your page on Google.

Conclusion

Being an entrepreneur is a hard chore, and dropshipping might be a good start. It doesn’t require a warehouse to store products, and you don’t have to invest much.

It is tempting, but you do need to know that every business carries risks. You have to make a comprehensive plan before you start your wholesale business.

(Contributed by Ayotomiwa Omotosho & Hermes Fang)