E-Commerce dropshipping is the rage right now. It’s the perfect way to get started in the online business world. If you’re looking to build a business from scratch, this ultimate guide will show you how to get started and build a six-figure business from the ground up!
Dropshipping is a business model that allows you to sell products online without having to store inventory, without having to pay for products up front, and without having to worry about shipping products. You simply find a supplier that does all of these things for you, list their products in your online store, and then when you make a sale, your supplier ships the products directly to your customer.
Dropshipping is a retail fulfillment method where a store doesn’t keep the products it sells in stock. Instead, when a store sells a product, it purchases the item from a third party and has it shipped directly to the customer. As a result, the merchant never sees or handles the product. The biggest difference between dropshipping and the standard retail model is that the selling merchant doesn’t stock or own inventory. Instead, the merchant purchases inventory as needed from a third party – usually a wholesaler or manufacturer – to fulfill orders.
1. You don’t have to worry about inventory.
One of the main benefits of dropshipping is that you don’t have to worry about inventory. When you run a traditional eCommerce store, you have to purchase inventory in bulk, which ties up your money and can lead to a lot of waste if you don’t sell all of your products. With dropshipping, you only purchase a product when you make a sale. That means you don’t have to worry about storing inventory or what to do with products that you can’t sell. It’s a much more efficient way to run an eCommerce business. Not having to worry about inventory also means that you can easily test new products without a lot of risk. We’ll talk more about product research and testing later in this guide.
2. You can launch your store in a day.
Launching an eCommerce store the traditional way can be a long and complicated process. You have to source your products, build a website, get it designed, and then list your products. This can take months to do, and by the time you’re ready to launch, you could have already lost potential sales. With dropshipping, you can launch your store in a day. You don’t have to worry about sourcing products or designing your site. You can simply use a dropshipping app to find products and import them into your store. Then, you can use a pre-made theme to design your site.
3. You can run your business from anywhere in the world.
As long as you have a laptop and an internet connection, you can run your dropshipping business from anywhere in the world. This means you can travel, live in different countries, or even move to a remote cabin in the woods and still run your business. You’re not tied down to a physical location, and you have the freedom to live and work on your own terms.
4. You can test new products with zero risk.
One of the best things about dropshipping is that you can easily test new products in your store with zero risk. You don’t have to worry about buying inventory upfront or getting stuck with products that don’t sell. Instead, you can add new products to your store in just a few clicks and start selling them right away. If a product doesn’t sell, you can simply remove it from your store without losing any money. This makes it easy to experiment and find new products that your customers will love.
5. You can scale your business quickly.
One of the biggest benefits of dropshipping is that you can scale your business quickly without having to invest a lot of money upfront. With traditional eCommerce, you would have to buy inventory in bulk and store it in a warehouse, which can be very expensive. With dropshipping, you only have to pay for the products when a customer places an order, so you can use your cash flow to grow your business. This means that you can quickly add new products, expand into new markets, and increase your sales without having to worry about running out of cash.
6. You don’t have to worry about returns.
If you’ve ever sold a product online, you know that returns can be a real pain. Not only do you have to deal with the customer, but you also have to figure out what to do with the product. With dropshipping, you don’t have to worry about any of that. If a customer wants to return a product, you simply have them send it back to your supplier. Then, you can either refund the customer or send them a new product. This is a huge benefit of dropshipping, and it can save you a ton of time and hassle.
