189: How to Start an Online Store – Without Touching Any Inventory (Drop Shipping 101)

The Side Hustle Show

Nick Loper

Education, How To, Business, Entrepreneurship

4.7 • 1.6K Ratings

🗓️ 18 August 2016

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dropshipping is also a topic we haven't really covered in depth in the past, but many listeners have been requesting to learn more about it. I reached out to Anton Kraly, who's one of the most successful people I know in this space. He's been selling online for almost 10 years and he and his team have built out an impressive portfolio of drop-ship stores. Dropshipping is where you sell a product and the manufacturer or supplier ships it directly to your customer.

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0:00.0	Side Hustle Show 189.
0:01.9	How to Start an Online Store without dodging any inventory.
0:05.0	This is Drop Shipping 101.
0:07.5	Welcome to the Side Hustle Show, where aspiring part-time
0:11.5	entrepreneurs learn how to turn their side hustle dreams into reality,
0:15.6	because your 9-to-5 may make you a living, but your 5-9 makes you alive.
0:20.7	And now your host, Nick Loper.
0:27.0	What's up, Nick Loper here?
0:29.0	Welcome to the Side Hustle show,
0:30.0	where it's all about ideas, action, and results.
0:33.0	Awesome show for you today, by request, all about drop shipping.
0:36.7	So I want to thank Crystal and several other members of Side Hustle Nation who requested that topic.
0:41.2	Quick vocabulary lesson to get out of the way.
0:44.0	Dropshipping, as I understand it, gives you a way to sell a product before you even buy it.
0:48.8	It's the buy low, sell high, business model with an interesting twist. And that twist is that a supplier or
0:54.2	a distributor is going to ship that product to your end customer without you ever
0:57.8	having to touch it. All you got to do is figure out what to sell and how to sell it.
1:01.4	To school me on how this all works I invited Anton Krayley to the program
1:05.6	who's been selling online for almost 10 years and in addition to his portfolio
1:09.6	of e-commerce and drop shipping sites. He also runs dropship lifestyle
1:13.4	dot com where he helps other people get started in this business and I will thank you
1:17.1	over to Justin cook at empireflippers dot com for the intro to Anton.
	...

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