Dropshipping

Do you know that it is possible to sell goods without worrying about their accounting, inventory or order fulfillment? All you need is to open a dropshipping store. How does dropshipping work? You advertise a product from a supplier in your dropshipping store Receive orders on your site Send requests to the supplier to receive an order Here's how the whole process goes: Source: visual.ly However, there's a catch. The prospect of opening a dropshipping store is not as easy as it sounds. How difficult do you think it might be? At first glance, all you need to do is take orders, make sure the product is delivered, and make a profit. Sounds pretty simple. However, contrary to popular belief, dropshipping is not a way to make a quick buck. Here are a few of its disadvantages: Lower profits compared to selling your own products. When it comes to dropshipping, the overheads are quite low, but the profits are also low. Most of what you earn will be collected by the supplier. High competition. If you are selling someone else's product, it is likely that many others will do the same.

Here's what the statistics say: According to E-DSS.org, about 27% of online stores have switched to dropshipping as their main method of order fulfillment. Source: ecommerce-platforms.com Therefore, the competition is quite high. However, if you go down the dropshipping path the right way, this business and type of online work can have a lot of potential. A quick guide to getting started with dropshipping: Choose a niche and figure out which products are best for your market and audience Find out how your competitors sell a product - their marketing strategies and pricing Find a good supplier like SaleHoo Complete an order fulfillment process that aligns with you and your supplier Introduce products to your dropshipping store and promote them across multiple platforms Bonus: Once orders are coming in on a regular basis, hire a virtual assistant to help manage your supplier.

Of course, suppliers are one of the main components of the business of supplying goods. Don't forget that you should also choose the right host for your first dropshipping store. Personally, I recommend Wix as an e-commerce platform due to its easy integration and drop shipping features. The software allows you to easily manage and organize your products and categorize them as you wish. Ultimately, to succeed as a remote dropshipper, you need to build a real brand around your products. This is more difficult to do when you sell products from other wholesalers. However, by selling as little as 5-10 unique products, you are much more likely to be truly successful in this online business. You can get started with Wix for free and upgrade to a business plan later.