Dropshipping is easy to start and less risk business. But there are people who have failed in that too. It is due to not having proper education on it.
Lot’s of dropshipping businesses started without any guidance prior to inception. So I created some do’s and don'ts to follow to start a dropshipping business.
So i gave points which you can take into consideration for your dropshipping business. Lets we have basic understanding about dropshipping first.
Dropshipping is the retail and wholesale business model which allows online sellers to sell products without owning them.
Instead of them suppliers will send the products to the customers directly once ordered. It is like selling someone's product on your website and takes profit out of it.
How does it work?
- You own a dropshipping website which acts as an online store for your business.
- You establish relationships with suppliers of the products.
- When customers order products from your store, you send them to suppliers to fulfill the order.
- The supplier sends the products to the customer directly and taking care of packing and logistics.
Your customer receives the product with your name on it. Your supplier will be invisible to your customer.
Benefits of dropshipping:
Less initial investment: You don’t have to spend a lot to start your dropshipping business. The initial investment is negligibly low.
Production/manufacture of a product is not your part - You don't have to produce or have a manufacturing unit to make a product. You are going to sell products without owning them.
Stocking of the product is not required- Since the logistics and packaging will be done by suppliers, Stocking of the product is not required from your side.
Traditional store expenses not there-
- Production cost and maintenance expenses
- Rent/mortgage of the traditional store expenses
- Labour salary/wage expenses
- Logistic and delivery expenses
These expenses will not present with dropshipping business.
Flexibility - Operating your business is easy as you only require computer and internet access to do your business.
Scalability: Whether you are selling expensive products or non-expensive products the effort you put will be the same.
Wide range of products: Wide variety of niches to select for your store, Depends on the market trending and profit level, You have wide ranges of products to target.
Do’s and Don'ts:
Here are a few do’s and don'ts for dropshipping businesses.
Product selection: Product selection or niche selection is an important stage of the dropshipping business.
Do: Search the demand of the product that you are trying to sell. Search whether the product is preferred by customers to buy online or not.
Take a look at shipping cost, type of material. Because it might affect the profit margin. So select products with less shipping cost and handling cost.
Do search about market trends of the product. Analyze whether it is a season oriented or location oriented product. Select the product which is mostly required all the time.
Don’t: Do not pick products just because you are passionate about them. Know the other side of the coin as well. If the product doesn’t have any above mentioned market value, then do not go with it.
Supplier’s selection: Another important stage of the dropshipping business is supplier selection as it is directly involved with your business.
Do: Know about your supplier’s past history about customer’s feedback, reviews and know about their product in and out.
Inspect products as you are buying them. The quality, price, features and specifications of the products should meet all your requirements.
Always have two more suppliers contact for the same product. Which will make your business have a product all the time.
Don’t: Do not go with a product just because your supplier have better price than others.
If your supplier doesn’t accept returns, damage of the product or refund then better look for another supplier.
Store selection: The connecting bridge between your customer and you is your store. So select it wisely.
Do: Buy dropshipping stores from best dropshipping store sellers or best dropshipping website sellers.
If you build a dropshipping store on your own, do it with the best dropshipping website design company.
Don’t: Do not fail to check the requirements that dropshipping websites should have.
Do not make dropshipping websites without SSL certifications.
Where to buy dropshipping stores for sale?
Buydropshipsite is the best place to buy dropshipping stores for sale. We have been in this business since 2016.
Buydropshipsite is a best seller to buy premade drop ship stores. We create stores with all the requirements that should have.
We are the best place to buy pre made dropship websites for sale. Buy an established dropshipping store to have your stores search engine optimized.
Whatsapp: (+1) 480 637 7566