Dropshipping is a popular business model for entrepreneurs who want to start a business with minimal overhead costs. Dropshipping is a type of e-commerce business where the seller does not keep goods in stock, but instead transfers the customer’s order and shipment details to a third-party supplier who then ships the goods directly to the customer.
Dropshipping can be a lucrative business for beginners, with the potential to earn up to $100,000 a year on average. Here’s a breakdown of what beginner dropshippers can expect to make:
- Profit: Dropshippers can make between 20-30% profit from each sale.
- Monthly Income: This works out to be between $1,000 and $5,000 per month.
- Annual Income: Dropshippers can earn up to $100,000 per year on average.
The remaining money goes to purchasing the product from the supplier, dropshipping fees, paying to host dropshipping websites, and marketing. It’s important to factor in these costs when determining your potential profits.
Overall, dropshipping is a great way for beginners to start their own business and make a profit. With a little hard work and dedication, dropshippers can make a comfortable living and even exceed the $100,000 a year mark.