Like the needs of the people, the needs of the business are evolving as well. New trends are being introduced in the field of business. Most of the people might not even know about dropship. Dropshipping is the form of ecommerce where the seller doesn’t keep the product in the store. It is an order fulfillment method where the customer posts order on the online store and the owner involves the third-party wholesaler or manufacturer by forwarding the order and shipment details that ships the products to the customer.
The store owner doesn’t keep the product or inventory or handle it physically in any form. This is the main difference between a Dropshipping and traditional form of doing business. Setting up an online Dropshipping service is very easy. Top-notch online ecommerce platforms like Shopify, offer great deals for this type of business. Setting up a Dropshipping store at Shopify is a very easy process but if you still need help you can always hire a Shopify agency to help and guide you through the process.
There are many benefits of choosing Dropshipping over the conventional way of doing business. I have mentioned some of the most prominent here.
Low Startup Cost:
The startup cost for Dropshipping business is very low. All you have to invest is in the purchase of store that you can easily get from Shopify starting from less than $100. In order to start a storefront, you need thousands of dollars for purchasing and managing inventory. In Dropshipping the owner doesn’t buy the product upfront unless the customer has already ordered and paid for the product.
The Flexibility of Location:
In Dropshipping since you are not handling the product physically, you can easily manage your store from anywhere. Most of the entrepreneurs in this business are home-based. Any place with an internet connection and a laptop can serve as your office.
Wide Range Of Products:
Add whatever the product you deem desirable. Dropshipping gives you the flexibility of selling any product because you are not actually buying the product, so you will not end up in a loss.
You can offer a wide array of products to online buyers. If the manufacturer or the wholesaler introduces a new product in the market you can easily add it in your inventory without any extra charges.
Dropshipping gives an ability to retailers to add new and expand product and services consistently. You can keep your existing customers engaged and keep them returning to see
what new items you are offering.
Scalability:
Scalability is probably the second best feature of dropshipping after low startup cost. Due to the involvement of the third party to ship items saves handling, packing, shipping and so on. This frees up your time to focus on growing your business in different markets. You can easily expand the scale of your business. You can explore new markets with this form of ecommerce. Dropshipping allows you to expand your business without much effort. Most of the work to process additional orders will be carried out by the suppliers, allowing you to expand with fewer strains and less work.
