Last Updated on April 25, 2021
Can You Dropship Wallets and Make Money?
Both men and women purchase wallets. They’re the kind of thing that needs to be replaced after a while due to wear and tear. You can dropship wallets and make a pleasant online income with this daily need. The demand for wallets and small cases is worth a million dollars, according to Statista: You may concentrate on a specific sub-niche, such as minimalist wallets, women’s wallets, or RFID-protected wallets.
How Dropshipping Wallets Works?
You probably already have a basic understanding of how dropshipping works. Unlike a conventional eCommerce shop, Dropshipping does not require you to purchase and store inventory until you can start selling.
The dropship model allows you to set up your store and start selling right away without purchasing any inventory. When a customer orders an item from your shop, you buy stock.
If you’ve discovered dropshipping suppliers you want to partner with, you can start selling the same things they do. You add these products to your shop, complete them with product photos, and customize the descriptions and titles as required. When a customer orders an item from your shop, you place an order with the dropshipping supplier for that item.
You enter the customer’s shipping information during the checkout process so that the dropshipping supplier can send the item directly to your customer. The difference between what you paid for the item and what the dropshipping supplier charged you is your benefit.
Of course, dropshipping store software will automate the entire operation.
Types of Wallets You Can Dropship
- men’s wallets
- women’s wallets
- credit card wallets
- children’s wallets
- leather wallets
- minimalist wallets
- money clip wallets
- RFID wallets
- waist wallets
- slim wallets
- trifold wallets
- zip coin wallets
General or Sub-Niche
Given the various types of wallets mentioned above, you could easily open a wallet sub-niche store. You might, for example, concentrate on selling only minimalist or money clip wallets.
A sub-niche may often outperform a general store. Since you’re selling unique goods, they can be easier to market.
You can position your shop as the “go-to” place for [fill in the blank] wallets.
Suppliers of Dropship Wallets
Seeking vendors for your wallets isn’t nearly as complicated as it once was. A manual search is possible. However, selecting a dropshipping provider is time-consuming, and there are several factors to consider.
To help you eliminate suppliers that aren’t ideally suited to your needs, ask the following questions:
- Is there a global shipping option?
- Do they charge a monthly fee or a fee per item shipped?
- Is there a discount if you buy in bulk?
- Is there a way to monitor your order?
- Do they have a cap on how many things you can sell?
- Do they have any restrictions on the brands you sell?
- Is there a scheme in place to secure buyers?
Using a wholesale/dropshipping supplier list, such as SaleHoo, is a convenient way to find suppliers. They’ve already done all of the legwork in terms of locating and vetting vendors.
Another Choice for a Hassle-Free Dropshipping Source
You may also think about using AliExpress as a dropshipping source. Many dropshipping store owners use them as a primary source of inventory.
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They are a major online retailer with merchants in China and other countries, including the United States. AliExpress is a hassle-free choice for your inventory because there are no conditions, monthly payments, or per-item dropshipping fees.
Other advantages include:
- Shipping is available worldwide.
- ePacket distribution (faster shipping from China to the U.S.)
- The majority of products are available at wholesale prices.
- a hundred million goods
- There are no restrictions on the number of products you can sell, and you can set your profit margins however you want.
- Orders can be tracked.
- A buyer security scheme is in place, as well as a complete money-back guarantee.
Setting Up Your Dropshipping Store
There is a wide range of tools available to help you start your dropshipping business quickly and easily. I’m sharing the program I use for my store because it was the perfect fit for me.
The AliDropship Plugin is the programme that I use. It’s a WordPress dropshipping plugin that turns a WordPress site into a fully functioning AliExpress dropshipping store. I chose WordPress for my store because I wanted to save money on monthly software fees. I don’t have to pay a monthly software charge because I use WordPress and AliDropship.
I also wanted to retain complete control of my company. You are bound by the terms of service when using a third-party eCommerce service. They have the authority to close accounts at any time and for any reason in most cases.
Ordering a Custom Built Store
Having AliDropship build your dropshipping store for you is a faster and easier choice for non-tech people or if you want to save time.They have a custom store creation service that takes care of your store’s setup’s specifics.
There are three store bundles to choose from and a special Supreme Custom Kit that contains a lot more marketing options. Regardless of which kit you select, you will be assigned a personal manager who will take care of everything.
Imagine getting your project manager that you can contact during the construction of your shop. It’s a useful feature that not all custom dropshipping store services have.
Marketing Your New Bags and Purse Store
The real work starts after your store is set up and ready to go. That is what marketing the store means.
The good news is that you’re probably already using many free marketing resources out there, including Facebook, Instagram, Pinterest, and Twitter.
All you have to do is build accounts on each of these sites to sell your goods. Free marketing is successful. Read this AliDropship success storey about a store owner who makes $1,800+ per month with his store using these free platforms.
Advertisements on Facebook and Instagram
Many dropshipping store owners find that paid advertisements are successful. The two most popular paid advertisement choices are often Facebook ads and Instagram ads.
When it comes to paid ads, there is a learning curve. It’s a good idea to learn as much as you can before diving in, as you can easily lose a lot of money.
There are Facebook ad courses that you can look into to help you learn more quickly. When people learn how to use Facebook ads, they will also increase their sales by tenfold.
My Closing Thoughts on How To Dropship Wallets
Wallets may not be the most thrilling product type, but they are commonly purchased. A wallet store can be approached in various ways; you may specialize in a sub-niche such as minimalist wallets or RFID-protected wallets. It all starts with using dependable dropshipping apps, regardless of which route you choose to open your dropshipping shop.