If you wonder how to start a dropshipping business in Europe, you’ve come to the right place. In this article, we explain the best 5 steps to start a dropshipping business from scratch. Keep reading to find out more.
1. Choose a niche and do the competitive research
Before starting a dropshipping business in Europe, you must know a few things. First, you should choose the right niche and the right products for your store. Do the research, find out which products might be the best fit for your business model, and determine how much of the competition you have. For example, if you plan to sell watches, be very detailed in your research and determine how many watch stores are online. You will find that most of the stores are all over the internet, which could be a downside of the business. Focus on the accessories and watch parts if you want to cover the customers searching for this kind of product. You will have a more prolific audience, and you will conquer the market more efficiently.
2. Find the supplier
Most dropshipping businesses rely on AliExpress when it comes to the supply market. AliExpress is a secure and easy-to-navigate website where you can find millions of products to sell. It is enough to search for the product of your choice and see how the product is ranked, who buys it, and what kind of the future it has in the online world. As a result, you will be closer to the decision when it comes to selecting the right products to sell in your store.
If you are looking for a good dropshipping partner in Europe, then check out the lists of suppliers that we have compiled in these articles:
3. Build your eCommerce store
The next step is building your eCommerce store. This could be the most significant step in the process of building a successful dropshipping business. Again, you have a range of choices. The following platforms ensure that your products will be displayed in the right manner:
Amazon – With more than 300 million active users, Amazon offers the market solutions that you search for in your business. It is a popular option for dropshippers because so many customers are buying the products that usually come from the markets that dropshippers use to attract customers.
eBay – More than 2 billion products listed on eBay guarantee some success for sellers on eBay. There are so many products thanks to the different markets that sellers use to list the products. Therefore, you can be a successful seller on eBay if you have the right approach to the business.
Shopify – It is another great alternative for building an eCommerce store. Shopify has models and plans for different kinds of dropshipping businesses, and you can find the model that suits your needs in the best manner. From the accessory store to the clothing store, you can build up a solid business by using the advantages of this eCommerce platform.
4. Decide on your business structure
Building a dropshipping business in Europe requires you to have a good business structure. Decide on how many products you will sell, your best selling cycles, and how many customers you want to have. When you combine all these aspects, you will be able to see the progress. For example, if you want fast results, offer your products at lower prices and see how you can manage the larger amount of orders. On the other side, if you want longer but more rewarding tactics, sell your products at a higher price and be patient when it comes to the results.
5. Get your finances in order
When you operate in Europe, inform yourself about the taxes and fees you must pay in your country of operation. Some countries in Europe require to have a tax ID so that you can pay taxes in the selected periods of a year. When it comes to the business finances, try to reinvest and organize the profits that you will be getting. Involve all the aspects of operation, from marketing investments to products selling profits. Only in this way will you be able to operate profitably.
Dropshipping in Europe is easier when you include all these steps in your business model. Plan well and see how you can profit in the long run when you organize your business in a good manner.