Purchase good stocks; Of course this is the first step towards a solid investment plan is choosing the right kinds of stocks in which to trade in. Stocks that bring in a huge profit will of course lead to a larger share of DRIP and therefore more investment value for you. High value stocks are the best because they are stable and they are not easily affected by market currents.
Look at it as a long term investment; Investing in DRIP is essentially saving your profits so that you can enjoy them art a later date when they have appreciated in amount. This is why you should think of it as a long term goal rather than a short term one. This kind of investment takes patience because it will take years to pay off.
Acquiring stock in the company; Majority of companies will require a DRIP investor to be a direct owner of shares in the company. This means that you have to be a registered stock owner in the company in order to join the plan. Proxy owners that use brokerage firms or banks to purchase shares cannot join the DRIP programs in most companies. In the past people used to have stock certificates with them as prove of ownership but now due to the digitization of systems one does not need to.