What is Dropshipping? All About Dropshipping

What is Dropshipping? All About Dropshipping

What is Dropshipping? All About Dropshipping


Have you ever heard about dropshipping? But don't know what is dropshipping and how it works, which platforms are best for dropshipping, which product to choose for dropshipping? You will know all about dropshipping in this blog.

In the process of dropshipping, it includes 3 participants:-
  1. You - who have an online store
  2. Consumer - a customer who purchase on retail
  3. Suppliers or Manufacturers
What is Dropshipping? All About Dropshipping


In dropshipping, you have an online store but the products on display are not yours. In that website, you have only mentioned the list of the products which you sell. In this process of Dropshipping, you act like a mediator and you chose some best selling products and consumer is the one who is willing to purchase that product and supplier who wants to sell those products to the consumer through you.
You haven't invested any capital rather than on online store. The what you did.
Contact the supplier, Supplier can be a manufacturer or a wholesaler and you choose the best product and listed the product on your e-commerce website.
For Example:- A supplier deals in shoes and T-Shorts. You listed the shoe t-shirts on the website. The Cost Price os Shoes and T-shirt is 800 and 600 and you listed both the products at 1200 for shoes and 900 for a T-shirt. Yet, you haven't purchased any product. So, if a consumer purchased the shirt and shoe, then you will earn 400 from shoes and 300 from the shirt which will be your profit
Now it is clear how you will list the product on your website.
Let's see the whole process now
Customer visited your online store and purchased shoes and make the payment of 1200. Now you will contact the supplier and complete the placement of the order with the supplier. The supplier will pack the order and he will deliver that product to the customer. You just only sell the product for the supplier for which you earn the profit. This is the process of drop shipping. It is very easy to step without a huge investment. But it is not such easy. You can easily make an online store, you can easily contact supplier too, can list the product on the website. The main problem arises when you want the customer to visit your store. Because you want traffic to your website. You can get traffic by doing SEO or by running search ads on google. But it gets difficult if you are not expert in running google ads. Where you are investigating a particular amount to a particular keyword over per impression. if you earning more and spending less on ads then it's good. Theoretically, it's. Very easy task but practically, it needs k knowledge and skills. If you really want to earn through drop shipping, then you have to make strategies to grab your customers.

Advantages of Drop Shipping:-
1. Less Capital is required:- If you create an E-commerce store then you need to list the products only on the website. No need to purchase the inventory pr spend on godowns.
2. Easy to get started :- It is easy to start it with a single e-commerce website only. Some of the things get eliminated such as:- 
a. Warehouse Expenses:- No need to store the inventory or no rent for warehouse b. Packaging and Shipping Your Order:- Product Packaging and shipping are done by the suppliers only.
c. Handling returns and inbound shipping:- you are not responsible for handling return of the product or inbound Shipping. The supplier will deal with it.
d. Stock level:- No need to maintain the stock level and manage the stock records.
3. Low overhead & flexible location
4. Wide Selection of products to sell

Disadvantages 
1. Low Margins
2. Issue at Suppliers End
3. No branding

What are the most profitable Drop Shipping Products? 
1. Pet Products
2. Smart Home Product
3. Beauty Supplies
4. Clothing
5. Fashion Accessories

Best Dropshipping sites in India

Comments

Popular posts from this blog

How Facebook Ads Auction Works?

What is Digital Marketing? Why Digital Marketing?

Future of a Digital Marketer