What Is Dropshipping?
A dropshipping business is a form of e-commerce where store owners order products for their customers without handling the inventory themselves. The following are some scenarios to help you understand how the dropshipping lifestyle works:
Store owner A create a dropshipping website where he post pictures of wedding ring products that he is selling. Store owner B has already contracted a dropshipping supplier where he will order products whenever a customer make a purchase on his or her website. The dropshipping supplier is the one that handle the shipping and inventories.
Customer B is gettting married soon. Therefore, he or she went to the google looking for a wedding ring. A customer B keep searching google for the best deal available on the internet he or she found store owner A dropshipping website. Customer B decided that store owner A had some great deals. Customer B make a purchase from store owner A website.
Store owner A receive notification of the purchase. Store owner A order the product from the dropshipping supplier and had it delivered to customer B website. Customer B is happy to get his or her wedding ring. Store owner A get a profit on the purchase. The dropshipping supplier gets to sell another product. Everyone is happy!
Who Is Dropshipping For?
While the scenarios above show a day where everything goes right but it’s not always the case. We all know that life never really works that way, right? Therefore, even if the scenarios above might be telling that dropshipping is easy but that does not mean it’s for everybody. Here are some key questions you need to ask yourself before deciding if dropshipping is for you:
- How good are you with computers?
- How good are you at following up?
- How would you make sure you don’t miss orders?
- Do you like the hands-on idea of processing orders?
- Do you have a back up plan when your supplier don’t deliver?
Those questions reflect some challenges that you might have to face while running your dropshipping business. Having them on your mind from the start might help you plan better if you decide that dropshipping if for you. And if you still want to look into it then the next paragraphs will go into it in more detail.
Why Is Dropshipping Profitable?
Dropshipping is a profitable business model because of the followings:
- No handling inventories
- No handling shipping
- You can start from home
The fact that you can start a dropshipping business working from home makes it really appealing for stay-at-home moms. As a matter of fact, If you are a stay-at-home mom, this is one of the best home-based business opportunity you can start for a really low cost.
Where Do I Find Dropshipping Suppliers?
If you are just getting started in dropshipping, I will sugggest you take some time to do some googling before you choose your dropshipping supplier. Below are some key terms you can use to help you in your search:
- Aliexpress dropshipping
- Alibaba dropshipping
- Amazon dropshipping
- Dropshipping wholesalers
- Oberlos dropshipping
What Is Shopmonopoly And How Can It Help?
Shopmonopoly is a cloud-based e-commerce platform that allow you to build any e-store in no time. Just upload a video of your product with some images, add your payment method and you will up and running your own e-commerce store in no time. Some e-commerce platform charges you a monthly to use them but Shomonopoly is a one-time low cost and you have lifetime access to the platform. Click here to see some of the service that I sell using Shopmonopoly.
Thanks for reading!