294: How to Start an Online Store with No Ideas and No Inventory (and still sell $300k in your first year)

<p>Rene Delgado started an online drop shipping store with no ideas and no inventory and went from $0-300k in his first year in business.</p> <p>It was the search for an extra stream of income that led Rene Delgado to consider e-commerce; selling physical products online.</p> <p>“<a href="https://www.sidehustlenation.com/dropshipping/">Drop shipping</a>” is a form of <a href= "https://www.sidehustlenation.com/ecommerce/">e-commerce</a> where your suppliers ship products directly to customers on your behalf.</p> <p><em>Note: <a href= "https://nickloper.lpages.co/leadbox/1413d4af3f72a2%3A12b7a20bab46dc/5695625991553024/" target="_blank" rel="noopener">Click here to download Rene’s top tips for starting and running a drop shipping business from this episode.</a></em></p> <p>Your role is to drive traffic to your storefront, forward the purchase order details to your supplier when a visitor makes a purchase, collecting the retail price and buying the goods at wholesale.</p> <p>Rene went through a very specific product research process and ended up starting <a href="https://www.bouncehousestore.com/" target="_blank" rel="noopener">BounceHouseStore.com</a>, where he sells bounce houses and other products related to bounce houses.</p> <p>He’s already started scaling his business on the success of his bounce house store. Rene has now outsourced the day-to-day operations of this store and started a new drop shipping store that has already turned over double what his bounce house did in its first year.</p> <p>There’s no luck here. “It’s hard work,” Rene said. That and some careful planning and execution.</p> <p>Tune in to hear why Rene was attracted to drop shipping, the criteria he used to find the bounce house niche, and how he generated $300k of sales in his first year in business.</p>