Hi guys I hope you are all doing well I am back after a long time due to my personal problem I don't get the time. So today I am going to talk about drop shipping. Many of you guys are know what is drop shipping probably some people are doing drop shipping, this article for newbies, who don't know about drop shipping.
so let's start
what is drop shipping?
So In a simple definition drop shipping is a retail order fulfillment method where the store don't have any product stock to sell, but when a store sells an item it purchases the particular a product from a different third party it may be wholesaler or manufacturer and then directly shipped that product to the customer.
Advantages of drop shipping?
The biggest advantage of drop shipping is it is a very simple business model and no headache for stock.
Anyone can start this business with low cost. In the market many drop shipping tools available for example WordPress, Shopify, Magento with this any of tool you can easily create your online store and start drop shipping. you can do this business in any part of the world.
How does it work?
So as I said earlier, in the drop shipping you no need to have a stock but for your store
you have to follow a particular strategy then only you will be the success in your business.
Confusion ? not clear? ok, let me explain ...
1. You need to create an online store that would be your Ecom brand.
2. The initial setup you need to complete like payment gateway integration and store them and all.
3. Product Research :
Now here is the interesting part and major part also, yes I am serious, first of all you have
to select which kind of products you want to sell , it can be anything or it can be a specific niche product
for example (watch, dog product, beauty product etc) or can be a general product.
Then the selected product you have to list on your store. and boom here you are done to set up your store.
4. Traffic :
Now after your store setup you need traffic. because without traffic your store is nothing, no sales, no profit, no dreams come true LOL.
so to get the traffic you can go for facebook ads, google ads Bing ads, Instagram influencer or any paid traffic.
If your very low budget you can go for SEO to get the organic search traffic but to get organic its not an easy task, you have to give proper quality time, you need to make sure about your product, brand SEO.
5. Order fulfillment :
Here is the last part of drop shipping once you are happy with your traffic automatically you will get sales. so when you will get your order, you have to place those order to your wholesaler or manufacturer. To fulfill those order in the market has may software like zero up, oberlo etc where with one, two buttons click everything will be done. boom you are done ..the business model is very simple.
Any Risk factor?
Yes, every business has a risk but if your serious about your business you probably ready to take the risk. Product return and refund this the biggest risk, sometimes its happen due to damage product or pour customer service or may other reason.
Note:
- Make sure you have a proper website with the page privacy policy, contact us, disclaimer page.
- You need to have a good relationship with your wholesaler or manufacturer so there would not delay to product delivery.
- Don't forget to leave a message to your wholesaler or manufacturer to don't include an invoice and pack with ePacket.
If you're starting your business based on this article, I will suggest you do more research then start a business, this article or this profile is not responsible for your profit or loss in your business.