Thinking dropshipping as one of the easiest ways to start making money online straight away is the biggest scam there is. You will need an e-commerce platform to set up your store, as well as pay for hosting. Most people choose Shopify when it comes to dropshipping. You can only start selling when you are on a paid Shopify plan, which the lowest starting at $29 per month.
Hosting fees are around $14 per year, so all in all you’re looking to spend at least $312 each year to get started. While you could get off and running on this amount, I’d recommend including a small budget of around $100 for advertising.
Unless you have a blog, Shopify doesn’t generate much organic traffic so you’ll mainly get visitors to your store through paid ads.
The biggest attraction to dropshipping is at potentially how hands-off it is. You set up the store, choose products in a niche as advertised by vendors and list them on your store. The vendors will help you package and fulfill the orders, so you just worry about the store’s interface and responding to customers’ queries.
The kickback to dropshipping is that the business model can have small profit margins. Since you have little control over a product’s production line, you stand to earn very little compared to other e-commerce models.