Starting Dropshipping Business with Budget
Starting dropshipping with a low budget is possible, but some initial capital is necessary. Here's a breakdown of the compulsory things to start with and their estimated costs:
1. Online store:
- Shopify basic plan
- WooCommerce (WordPress)
2. Marketing:
- Social media ads (Facebook, Instagram)
- Email marketing
- Sales funnel
- Influencer marketing
- Content marketing
3. Supplier fees:
- Salehoo directory
- Oberlo subscription
- AliExpress
4. Legal and business registration:
- Business registration
- Legal documents (terms, privacy policy)
5. Miscellaneous:
- Logo design
- Product photography
Initial capital estimate: $500 - $2,500
Note: These costs are estimates and can vary depending on your location, niche, and business size.
While it's possible to start with a low budget, having some capital helps you:
- Invest in marketing and advertising
- Pay for supplier fees and product samples
- Register your business and obtain necessary legal documents
- Create a professional online store and brand
Start small, prioritize your spending, and reinvest your profits to grow your business.
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Starting Dropshipping Business with Budget
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