How Anyone Can Start Dropshipping | No $ or Experience Needed

How to Start Dropshipping with No Money and No Experience

Suppose you want to start an online business like dropshipping, but you don’t have any money or any experience. What do you do?

In today’s video we’re going to cover how to start a dropshipping business with no money and no experience.

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Dropshipping is a business model where you facilitate the sale of a product from a supplier to a customer.

Basically you act as a middle man connecting the two and you mark the product’s price up to keep a little extra for yourself.

Dropshipping is a phenomenal business model b/c you don’t need to spend any money to buy products in bulk ahead of time, you don’t need a warehouse or storage facility b/c you’ll never store or touch the products yourself, and it can be done from pretty much anywhere.

In this simplified example…. You would list a product from “say” amazon.
The products price on amazon is $30.
Let’s say you list that at a $15 mark up on a site like Facebook Marketplace…
When a customer purchases that product from you at $45, you would then turn around and use their order information and address…and simply order the product from amazon for $30 to them.
You would then profit the $15 difference (not counting any small fees associated with selling on the platform)

And that….in a nutshell…is how dropshipping works.

There a many suppliers you can use and there are many marketplaces you can dropship products on. If you want more information on any of this, checkout the playlists on this channel. It’s all there for you.

Here’s why you don’t need any money to start….

Even though you have to spend money on products to send to the customer before they get delivered to the buyers and you actually get paid out from most marketplaces….
1) It’s much less risky b/c you ONLY have to spend money AFTER you get a sale at a profit….so you ONLY spend money when you’re guaranteed to profit. Then it’s simply a waiting game to multiply your cost of goods….and to recoop more money.
2) You can also easily leverage a credit cards to buy products so you don’t actually need any up front cash. In fact, I actually recommend this to most people (assuming you can be somewhat responsible and make sure you’re keeping a portion of your profits to pay off your card balances).

The reason using credit cards is so effective is because…
1) you don’t need any up front cash to scale this business like we just covered
2) and more importantly, you can use cashback credit cards on lots of suppliers where you can earn up to 5% cashback…..for PURCHASES you already have to make any way.
This is how I’m able to get thousands of $1,000+ in free cashback most months simply from using cashback credit cards on purchases I would have had to make for this business anyway.

Not to mention those reward points or cashback shouldn’t count as taxable income (hint hint).

I highly recommend the amazon store card, the Walmart store card, & the ebay store card. Both give 5% cashback on ALL purchases on the website. And they’re both great reliable suppliers to use.

On top of store cards, it’s also smart to use a cashback credit that gives you cashback on all purchases everywhere. That way you don’t solely have to use it at 1 store in particular.

There are many of them out there that can offer around 2% cashback so feel free to look into some options.

So, now that we’ve covered how to start with no money….let’s touch on how you can get started with no experience.

With all information and software out there today, you don’t need to be a rocket scientist to start a profitable online business like dropshipping. You just need to know what software to use…and what direction to be pointed in.

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For the Amazon store card, Walmart store card, and Ebay store card simply google those to sign up for them. They all offer 5% cashback on every purchase on those sites specifically.

For Zeedrop tutorials, check out my Facebook Marketplace Dropshipping Playlist here (there are a bunch): https://www.youtube.com/watch?v=5FViN1FgYCU&list=PLdcJAP-O6PRdZZ-_T4VGR4OWD0pRImPoy