You've probably stumbled upon claims online that dropshipping is an ”easy money-maker”. They make it sound like you can get rich quickly by diving into this gig. But here's the real question: Can you actually pull it off that fast?
The truth is that achieving success in dropshipping hinges on your dedication and performance. To be clear, there are no shortcuts to getting rich overnight in any legitimate business. That said, this article will explain how long it will take you to earn money when you start dropshipping. This will also share some valuable tips to succeed in the business.
How Many Days Before You Start Earning With Dropshipping?
Dropshipping requires hard work, dedication, and consistency, like any other business model. Never get into dropshipping if you want to get rich fast. You can only get rich after starting a business.
It depends on how fast you can build a successful and profitable dropshipping store. An experienced online marketer and entrepreneur can establish a profitable store. This can happen in as little as 21 days. This already includes the time required to generate traffic and make sales.
This may take slightly longer for those without experience. The same thing goes for those who are unfamiliar with technology. This is mainly because many inexperienced individuals may experience initial stage fright. It's wise that they must overcome this first.
How to Make Money With Dropshipping?
Your ability to earn money as a dropshipper mostly depends on your commitment to building the business. First, you must know how to build and launch a store that will help you make money. You can follow our streamlined process and use tools for that.
The following is a step-by-step process of creating a profitable dropshipping business. It also includes the estimated time for each step.
Step 1: Niche Validation (6 to 8 hours)
Determine what niche you prefer and confirm whether it can be profitable. You can check whether it will sell in a long time. This whole step can take about six to eight hours, depending on what niche you pick.
Step 2: Market Research (6 to 8 hours)
Research your market and analyze your competition. This will help prepare your business for competing and selling in the market. You can also check if your chosen niche has an oversaturated market, which you’d want to avoid.
Step 3: Building Your Website (4 to 24 hours)
You can allot one day to build your core website. The store must be built first so you can get quality suppliers. But remember that you’ll need regular adjustments as you develop your business.
Step 4: Get Suppliers (30 minutes + more)
After setting up your website, you can contact suppliers and secure their approvals. Once you have them, you’ll need more hours or extra time to upload their products to your store.
Step 5: Optimize for Conversions (4 to 12 hours, and more)
Enhance your website to not only attract customers but also make conversions. Remember, you can get as much traffic as you want, but you won’t earn money without conversions. This is an ongoing process since you have to check and make sure your site has a good conversion rate all the time.
Step 6: Get Traffic (4 to 12 hours, and more)
Traffic is important for driving conversions and sales. There are many ways you can do this, both free and paid. Don’t rely on one traffic source only. It’s best to use all available options.
This is also an ongoing process. It involves building a consistent traffic and conversion rate for your store in the long run. Once you achieve consistent traffic and conversions, you can start earning money.
Step 7: Automate
This step is only essential once you’re consistently generating sales. Still, I recommend that you avoid this during the initial stages of your business. Understanding and managing your business operations and knowing how everything works is important.
Like in any other business model, earning money in dropshipping needs time. It also needs hard work and commitment. Don’t get into it if you’re looking to get rich quickly. If you want to learn more about building a profitable business, join our webinar and learn with us. While it may take several days to earn with dropshipping, your profit will make everything worth it.