Why Should I Start Dropshipping?
Why Should You Start Dropshipping?
To answer that, let's first have a clear definition of what “dropshipping” is.
Google's definition of dropshipping is, “Provide (goods) by direct delivery from the manufacturer to the retailer or customer.”
Or in other words, selling products online without holding inventory yourself. When a customer places an order on your online store, you forward that order on to your supplier, and they ship the product directly to your customer.
Selling Products Online By Dropshipping Results In The Following:
- Saving Money - Gone are the days of having to invest large sums of cash to buy inventory of products that may not even sell. That is a huge risk and can easily be avoided by deciding to dropship.
- No Warehouse Needed - Because your products are now being fulfilled directly from your supplier, there is no need to pay for storage, or even worse, use your house as a holding place for all your stock.
- Less Stress - By using a supplier to fulfill all your orders, you don’t need to ship/courier each product yourself, or spend money on hiring people to do that for you. With the simple click of a button, you can have a product sent directly to your customer.
- Flexibility - If you are selling locally and hold inventory yourself, you are basically limited to a local market, as shipping overseas can be expensive. But with dropshipping, you can now sell to an international market, reach people from multiple different countries, charge higher profit margins, and in turn make a lot more money.
- Scalability - Because you are not restricted to the physical inventory you would house if you are doing things yourself, dropshipping allows you to scale to heights that you could never do on your own. By focusing all your attention on marketing, you can amplify the number of sales you get.
- Variety - Dropshipping allows you to sell products in any niche, without ever being tied down or restricted to something specific because of bought inventory. You have the freedom to fund a product you'd like to sell today, and by tomorrow have it live on your online store bringing in sales.
Keep in mind, once you find a product that is consistently profitable, you can brand that product and send large shipments to 3PLs (third-party logistics) for faster shipping times and an even better customer experience.
If you are wanting to get started with e-commerce, dropshipping is the best way to get going.
View all our dropshipping services and offers here to get started today.