Globally the ecommerce business is growing at an unprecedented pace. The rate of online shopping is increasing beyond calculation and this is driving e-commerce owners to have a solid bunch of products in their ecommerce store. It refers to the activity of buying and selling products or services over the internet. With the help of the internet, people can buy and sell virtually everything, like books, electronics, apparel, software, furniture. E-commerce provides a platform for people to buy or sell whatever they want, whenever they want.
Ecommerce is expected to nearly double by 2023 to more than $6.5 billion. Much of the ecommerce growth is attributed to dropshipping. Market experts are predicting that the e-commerce dropshipping business will have a huge impact in the coming years. Ecommerce business reduces destination barriers. With the internet, distance never becomes an issue because the consumer can buy anything that he wants with the click of a mouse.
However, it is not going to be that simple. The competition in the e-commerce world is steeper. Advertising rates are higher. The digital noise is louder, and the consumer taste is changing at an astonishing pace. E-commerce dropshipping is the finest way to remain stable in this challenging business scenario.
Dropshipping is a retail fulfilment method where a store doesn’t keep the products it sells in stock. Instead, when a store sells a product using the dropshipping model, it purchases the item from a third party and has it shipped directly to the customer. As a result, the seller doesn’t have to handle the product directly. How it works is that the retailer partners up with a dropship supplier that manufactures and/or warehouses products, packages the products, and ships them directly to the retailer’s customer, on the retailer’s behalf. Less capital needed for the initial investment.
Dropshipping on Amazon–
When it comes to choosing an e-commerce dropshipping website, Amazon seems like an easy choice. It’s one of the biggest online marketplaces in the world, and it’s a hotspot for dropshippers. Link up with a supplier so you can list their products on Amazon. You’ll have to make sure this supplier is willing to ship directly to the buyer, so you won’t have to, but once you do that, you’re free to start creating listings of those products on Amazon. You’ll be expected to hand some money over to the China dropship supplier, but it won’t be 100% of what you just collected from the buyer. Instead, what you’ll have to shell out is usually the wholesale cost of the product and the shipping fee, along with possibly a handling fee if the supplier demands it.
Dropshipping on Shopify–
Two of the most common approaches for dropshipping on Shopify are to seek out dropship suppliers located in China using supplier databases or to seek out a Shopify app that connects you and your store to thousands of suppliers. Shopify now lets you add an additional Amazon sales channel to your existing online store. This means you can easily manage the products you sell on multiple platforms, including on Amazon. One of the best tools available to help you optimize your inventory is Stock Sync on Shopify. Not only does Stock Sync help you automate the process, it also streamlines the process further by letting you sync with your supplier regardless of what file formats you and your supplier use.
Dropshipping on AliExpress–
AliExpress dropshipping is one of the most popular marketplaces for ecommerce entrepreneurs using the dropshipping business model. You can import the product content and images from AliExpress.com directly to your store, choosing from millions of different items right at your fingertips. AliExpress made for smaller retailers who don’t stock the products they’re selling, and it accepts credit card payments. Think of it as Amazon, but cheaper and with a two-week delivery time. Instead of buying directly from the manufacturer, the sellers are third-party individuals or companies who are reselling to you.
Dropshipping is so easy because it requires very little from you. You don’t need a warehouse to store products or a team to help you out. You don’t have to worry about stocking or shipping either. You don’t even have to spend a certain amount of time every day on your store. It’s surprisingly hands-off, especially once you get going. With dropshipping, you don’t manufacture anything yourself, so you don’t need to invest in inventory, materials, tools, or anything else related to getting a product created.