Dropshipping is quickly becoming one of the preferred modes of doing business in the USA and Europe. Domestic dropshipping companies that source products from the China manufacturers, dropshipping is the most attractive option as it helps to minimize risk and cost while providing convenience and practicali ty.
Explaining Dropshipping Fulfillment Model-
- The dropship buzz has reached a trend where people are quitting their fancy corporate jobs in order to run a really successful dropship e-commerce venture and becoming their own boss. Actually, the sooner a supplier is in the supply chain, the cheaper a dropshipper will be able to source the items from their China suppliers, because each process in the supply chain tends to add a markup. With the dropshipping fulfillment model, you don’t have to buy an item unless you already made the sale and have been paid by the customer.
- It’s possible to start a successful dropshipping business without major up-front inventory investments. By taking over fulfillment responsibilities, the supplier can ensure better customer service and help build a stronger brand image for its products. You can also explore new product lines very easily. Unlike with an Amazon FBA or e-commerce business, where you need to wait until you can test the product and then get some in your inventory, with dropshipping you just find a vendor and place the item on your website. This makes it easy to test new offerings with your audience.
- In order to start a dropshipping business, the very thing you need to do is to identify a profitable and not-so-competitive niche product, a reliable China supplier, your own e-commerce website and good marketing skills. You don’t need to keep your items in a big warehouse or taking help from a delivery company to look after the fulfillment. Everything will be done by the supplier you will order from.
Two most vital aspects business owners need to give top-priority are marketing of their company and customer acquisition. As the headache with the warehouse fulfillment is less, you can save that time for promoting your business and build the image of your e-commerce store among your potential customers. To start a drop shipping business model, you do not need to have experience in a specific niche. Therefore you do not have to worry about custom clearance procedures, tracking inventories and handling problematic inventory returns.