Are you interested in dropshipping? Are you having doubts about whether it is good or bad?
You can finally find the answer here!
In this post, we will discuss about the following:
•What dropshipping is all about
•How to find the right wholesale suppliers
•Pros and cons of dropshipping and more!
Let’s dive in.
Managing an online store is overwhelming for anyone. You have to keep track of inventory, expenses and fulfil orders – it will be difficult.
Actually it is not. Your supplier will be responsible for inventory and fulfilling orders.
All you need to do is manage your store and get customers. Dropshipping allows you to operate your online store from any corner of the globe.
What Is Dropshipping?
Dropshipping is the easiest option to start an online business. The wholesale supplier is responsible for everything, including inventory to shipment details and transferring orders. They are also responsible for shipping orders directly to your customers.
Your customers will never know that you’re dropshipping, because private label shipping lets you deliver the products directly from the wholesaler with a return invoice and address that is customize for your online store.
The Benefits of Dropshipping
There are many reasons that may make you consider dropshipping:
You Don’t Need Lots of Money
Starting an online store is much easier with dropshipping. You can offer your customers a wide variety of products without investing too much money.
Convenient and Effective
With dropshipping, you don’t have to worry about product fulfilment. It saves you time and makes everything more convenient so you can focus on your marketing plan.
You can accept orders from your customers anywhere and anytime. Mobility is the best part of dropshipping. Operate your business from any corner of the world.
It’s a Trusted Model
Dropshipping save time and effort in dealing with inventory while also offering thousands of products to your customers. Now that dropshipping is a hot trend, many online businesses or even major retailers are using it. You don’t need to think it is fly-by-night – because actually it’s not.
How Do I Find Dropshipping Wholesalers?
A common question to everyone who is new to dropshipping is “Where can I find wholesale suppliers for dropshippers?”
There are many ways to find dropshipping suppliers for your online store.
First, plan ahead on what products you want to dropship. This is the easiest way to look for original manufacturers and distributors. Take note that some distributors are not willing to dropship but will give you some other options and will follow up.
We all know that the market nowadays is littered with low quality information and scams. Before looking for dropshipping suppliers, you need to check first if they are legal and reliable. The most important above all is to be cautious.
There are effective ways to find reputable dropshipping suppliers, one is by searching in the internet.
Finding Wholesale Suppliers
- Search Extensively: You need to go through 10-20 pages of Google search results to find great dropshipping suppliers. And they aren’t going to be at the top of search engine results for the term “running shoes wholesaler”.
First, search for “running shoes wholesalers”.
Second, if you want to find reliable dropshipping wholesalers, you can go through 10-20 pages of the search engine results.
You can find great suppliers in the next pages. Like this one here!
And you can get these results.
You can create a spreadsheet to note down their contact details.
- Don’t Judge by the Cover: there are many late ‘90’s- owned websites; some of them tend to be outdated. A modern and sleek site is a sign of a reliable supplier; but it doesn’t mean that low-quality and outdated websites are that bad.
This is an example of a modern and sleek website.
- Use Lots of Modifiers: – use other modifier terms while you search, including “bulk”, “reseller”, “distributor”, “supplier” and “warehouse.” if you are searching for suppliers, you can use more related terms.
- Are they authentic? – Check their social media profiles, customers’ feedback, and scam related complaints. You can ask for product samples and a copy their business documents to verify their legitimacy.
Looking for wholesale suppliers?
Original Sourcing Pro is known for its quality and high customer satisfaction. Inquire now!
Dropshipping: Tips for New Entrepreneurs You Need to Know
Focus on Marketing
Automated dropshipping business has so many aspects, and you have to focus and invest time in marketing. Modification of a website, creating graphics, and designing a logo can be a lot of fun and marketing can make you earn more customers. When there are more customers, there is more profit.
Spend time learning how to converting your store’s visitors, mastering ads, and growing your traffic.
Focusing on search engine optimization (SEO) and ads can help you get more sales and customers because SEO can help you get more traffic to your store and convert visitors into customers in the long term.
While ads can help you get sales within a short period of time, less than 100 visitors to your site indicate low sales.
If you want to build a huge audience to your site, you have to create informative blog content so that people will engage more and it could help you optimize your pages.
Add testimonials to your sites so that the visitors will find social proof.
You should make sure that the store is optimized to increase conversions, which means that visitors must be converted into customers.
Create Amazing Offers and Deals
Creating a compelling offer like bundle deals for your customer is important to your online store as you have many competitors around. More customers are looking for great deals, so it is advised to make an offer that includes sales or bundles.
Original Sourcing Pro recommends products for your online store for free. Let us know where we can send you our price list.
Avoid Underpricing Your Products
The cost of the dropshipping product is usually low just like wholesale prices, and it will surely earn you good profit. Also, you need to consider business expenses, cost of goods, and marketing.
Don’t ever cut your price even when others are doing so, As long as you are giving a fair price and within market value, a profitable price point should be maintained. Make a higher profit in every increase of average order value. Create strategies that will generate a higher profit for your business. If possible, make some great bundle deals.
Remove Bad Suppliers Quickly
Sometimes, deliveries may get delayed due to various reasons. However, your supplier should inform you about delays and update you on the status of every delivery.
In rare cases, suppliers may not be able to ship through standard shipping carriers or in within scheduled time.
This will definitely create a bad impression about your store among your customers. Under these circumstances, you can avoid such customers.
Automate Your Business
Business will be automated when using dropshipping. Some e-commerce tools like Oberlo will help you grow your business and make you become successful in a short period of time if you manage your online business carefully. An online business allows you to have more freedom to pursue your goals in business.
Ensure That Your Website is Presentable
Customer-friendly websites attract more visitors who are further converted to customers. Your website should be presentable and updated so that the customers will find you as a good supplier.
It is important to add all important features in your website, like services, payments and testimonials.
Did you know?
According to Statista, 52.2% of website traffic comes from mobile phones. This is why your website should be optimized for mobile.
Offer Exceptional Customer Service
Offering great customer service, responding to customer’s inquiries and concerns and offering refunds and great bundles are a great way to stand out in business, especially in having an online store.
Monthly promos and giveaways to your exclusive customers help in increasing sales and retaining customers.
Your customers will remember the way you have treated them, so customer service is very important.
Your customers need your immediate feedback and answer to their queries. You don’t need to spend all day chatting for your online store but your daily presence is required.
This is the way your business will grow and be trusted by your customers.
You can use chatbots for answering customer inquiries and frequently-asked questions.
Dropshipping Business Pros and Cons
Consider that all businesses have their own pros and cons. This section helps you fully understand the advantages as well as the disadvantages of the dropshipping business.
You don’t need to have much money to start a dropshipping business that you want; it only requires very minimal start-up money. You don’t have to pay for shipping, housing inventory or manufacturing. You just need to prepare for your site host and design cost.
You need to pay for a low overhead even if your store is up and running. To lessen expenses, you are advised to work from your home or wherever you are.
Easy to Manage
Improving your website site is your main priority because you don’t have to worry about shipping and inventory. The dropshipping wholesaler is responsible for all the logistics of shipping and store inventory.
Most of your work is focused on digital ways and on earning money anywhere you want. You can even choose the time of your availability.
Wide Product Ranges
Dropshippers have a wider access to the products that they sell on their online store because they don’t have actual contact. So, there is a possibility to hold a specialized online store (i.e., baby products) or create an all-in-one department store style.
Experiment with Risk-free Products
You are free to sell whatever product you want, as dropshipping offers a wide product selection. You can try with featured products that are new to customers and that will surely interest them. There is no risk in trying out new products, since you don’t have to lose money.
Your business needs to have regular customers everyday so that you can sustain yourself and your expenses. Though you are not investing much money, every sale is just not enough.
Selling Unfamiliar Products
One of the risks in having an online business is that you don’t know the features of the actual product. But anyway, you can still choose the product that you want to sell on your store.
Complicated Shipping Issues
Dropshippers have multiple suppliers. When a customer buys products from various wholesale suppliers in the same order, the shipping costs and duration may vary. You have two options: you can still make your customer happy, but you are the one to handle extra shipping charges, or you will calculate the total price manually to pass on the extra charges.
Dependability of Suppliers
In launching an online store, you have to choose the right partner for your business. This is done so that you will not face any hassle explaining to your customer if the shipment is delayed or there are any problems with the product.
The Final Word on Dropshipping
Every business has its own competition, and it is not only one but more of it. All you need is to handle these problems. You don’t need to compromise the profit margins. Offer more value in different ways so that your customers will be loyal and will feel delighted.
Recommended Reading: China Sourcing: A Guide for Small Business
If you want your online store to be successful, you’ll need to focus on digital marketing, customer service and your website design.
Dropshipping can make you successful if managed correctly without having to invest too much money in starting on your own. Dropshipping has its own downsides and weaknesses. But with awareness and careful planning, problems can be solved one by one. You need to prevent problems from occurring to have a successful online business.
In today’s world, it’s now possible to become an expert in everything through online information. Selling products directly from supplier with modern and detailed websites will make you visible to customers without touching any physical item. Contact your manufacturer or supplier when you need to ask a specific question about the product that you will sell.