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Hi! Any chances you want to dropship? Sounds great unless you don’t fathom where to begin.
Today, I invite you to drill into dropshipping. You’ll learn in what ways your e-store can win from using this model. You’ll also get acquainted with the most popular ways to fire up a drop shipping business.
There are several ways you can get your goods to your clients. If you’re smart enough, you can invent schemes that will help you to eliminate certain expenses and subsequently make great strides and vie for supremacy on the web.
One of such schemes is dropshipping. Let’s see how it differs from the commonplace model.
When you have a traditional e-store, you do the following:
In the case of this model, we can see just two sides involved in every transaction: you, the drop shipper, and the buyer. However, to get started you need enough seed money to massively buy the items you’ll be selling in advance. You also should be able to afford a warehouse and hire staff.
If you can’t get all this at once, you should look for more affordable options. This is where dropshipping steps in. It functions the following way:
Now, you have not two sides to each transaction but three. You serve as an intermediary, facilitating the process of purchase. At the same time, you eliminate the unwanted expenses. You don’t have to buy any goods in advance.
You don’t have to rent out a storing facility. And you don’t even have to hire any staff. These are the main arguments in favor of finding dropshipping an appealing business model.
As you can understand so far, there’s a number of dropshipping draws, such as:
As with any other online business, there are, of course, certain risks associated with dropshipping. Let me help you clearly see what these shortcomings are. For example:
No doubt, dropshipping isn’t something new. Despite the fact that this concept has been around for years, dropshipping is still pretty profitable. It is still one of the best ways for a new person to get started with making money online.
A debate on dropshipping business profitability on the FastLane forum.
If you want to determine if something is still popular, just Google the trend. Here’s what I get for dropshipping:
Source: Google Trends
So, dropshipping is still hot. However, don’t just think that you can get an ecommerce business running without investing much effort into it. You can’t just list your products on the e-store pages and start receiving profit.
Before you delve into the world of drop shipping, you’ve got to first get a firm understanding of what dropshipping products are profitable. You should also teach yourself the techniques of marketing your store. So, this will take some time till a complete newbie learns the tricks of dropshipping and develops a successful business.
How big can you grow if you dropship?
Read the success story 'Hitting 500k in Sales after 10 Months of Drop Shipping'.
You’ll learn about the main components of real dropshipping success.
'To dropship, or not?' is a good question. Let’s see some stats to come up with the right answer:
However, again, dropshipping is niche sensitive. This suggests that you should generally choose the niche and dropshipping products that will be popular amongst the online audience.
There’s a number of niches that are profitable for online stores that dropship:
If you don’t find your niche on this list, take a look at the competition on the Internet prior to making a final decision to start your online store. Your product has got to be appealing and in demand. It should be in some way unique to put the competitors aside and develop into a successful business.
If there’s next to no competition, it may be the case your niche has few potential customers. Try to broaden the range of goods you offer to appeal to a wider client pool. If the competition is, on the other hand, too intense, make sure that you offer some unique value to your clientele. This value will make them prefer your dropshipping store to others.
Your geographical location also matters a lot if you’re planning to dropship. Here’s the list of most popular drop shipping destinations:
According to the analysis of ShippingEasy clients, Canada, the United Kingdom, and Australia are by far the most common international destinations for drop shippers.
Source: Ecommerce Platforms
Creating a digital store, you’ll need an e-store engine to run your shop with. No doubt, you can use a bunch of e-store platforms to facilitate drop shipping. WooCommerce is the most popular of them. As many as 21% of the top 1 million e-commerce sites are using WooCommerce. On a global scale, WooCommerce holds the palm of supremacy, outscoring Shopify stores by 4%.
Learn More About Shopify Themes for your Store.
There’s a number of advantages that make WooCommerce a top option for drop shippers. For example:
Want to learn more about attracting potential customers and other hacks of drop shipping? Then, check out this article.
You’ll get all of them listed and explained.
Now, the question 'What is dropshipping?' was answered and you can determine whether its a good option for you.
Double Check the niche you’re choosing, pick unique goods to sell, go for high-quality web tools and you’re bound to have a top-notch store you’ll be happy with.
Which tools would you use to dropship with an e-store?
Share your thoughts below.
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