What is dropshipping? Dropshipping is a retail fulfillment method where a store doesn’t keep the products it sells in stock. Instead, when a store sells a product, it purchases the item from a third party and has it shipped directly to the customer. As a result, the merchant never sees or handles the product.
Instead of keeping products in stock, you will only list products on your web store. When there is an order placed, you will purchase products from the wholesalers and have them ship directly to your customers. Basically, you act like a middleman who introduces products to potential customers and closes the sales. The wholesalers will take care of everything else, and you as their retailer never have to hold, handle, and ship the ordered products.
Now that we have a clear answer to the question what is dropshipping, it sounds simple and potential as an online business without investment at first. Dropshipping has both advantages and drawbacks that you should take into consideration before getting started. Let’s get down into further details about the pros and cons and basic things about running a dropshipping business.
What are the benefits of running a dropshipping business? Required almost nothing to start off, dropshipping is a highly potential business opportunity with a lot of advantages that attract eCommerce entrepreneurs who want to start out small before going big.
Almost no capital investment: Because of the nature of dropshipping as an order fulfillment strategy, you do not have to put up-front investment into stocking goods. Instead, you only purchase the products from wholesalers when people place orders and forward you the payment.
Free of inventory and supply chain management: Dropshippers never physically see, hold or deliver sold goods to customers. Thus, they don’t have to manage a warehouse and take care of the whole supply chain workflow, including packaging and delivery of items.
That being said, dropshipping business owners save a great amount of cost on maintaining a physical location for stocking products and human resource to run the whole supply chain system, compared to conventional e-Commerce businesses.
Low risks: Since you do not have to acquire products beforehand, you are free from the risk of excess in inventory. Since no money is required to paid upfront on the stock, the only thing you would lose if your business does not come out as success is what you put into building your website and marketing to get traffic.
Wide variety of product offerings In dropshipping, you can list a wide catalogue of products from as many wholesalers as you can thanks to the freedom from stocking products in inventory. No more worries about analyzing sales history to limit your inventory to best-selling product lines only. Instead, you can list any product lines you want to sell on your website, as long as they are hot items your potential customers want to buy.
**** With this store you can create a passive income to yourself
**** All necessary settings were made (oberlo settings,contract settings,theme settings,image editing)
**** A shop filled with products that customers like
**** With oberlo you can automatically add the products you want to the store
**** You can link the store to sites like AMAZON and E-BAY
**** After you buy,you can change the name of the store (I will give away a free domain)
**** I will give technical support after the store sale
**** Send all your questions,we will gladly answer
***Really easy start for you with much options for earning,and high earning potential.
***Future owner should advertise on social networks,and start discount campaign,and adds some new products, you can also post on facebook trading groups for more conversions.
**** Live avatar added to meet customers!
**** Added video to background
***We have configured stores settings and create a store design for drop-shipping efficiency.
*Our products are sourced by reliable suppliers with faster U.S shipping times than average.
***We have installed a currency converter on the home page for ease in currency transition.
- Physical inventory
- Logo and branding assets
- Personal support after sale
- Product photos
- Mailing list
- Social Media
Why buy a business on Exchange
The revenue and traffic data that you see on each listing is pulled directly from its Shopify account. This means that the data has been verified. Exchange reviews and monitors listings for thorough and accurate information.
You will be able to communicate with sellers via a secure messaging platform. After you log in and request information from a listing, sellers are notified and have the ability to respond. When you are ready, you can make an offer.
Exchange and Escrow.com have partnered together to provide you with safe transactions that have bank encryption, making sure that payment is securely captured. Escrow.com ensures that its users pass verification checks before transactions can proceed.
Once you submit payment to Escrow.com and the payment has been secured, the funds are held until you confirm that all assets received are as negotiated. You can use the inspection period to ask the seller any extra questions about the business.
When the transaction is finalized, the dedicated migration team at Exchange will begin the process of making you the new owner of the store. Buyers and sellers will be notified via an email from the Exchange team once store transfers have been completed.
Once you log into your Shopify account for the first time and choose a subscription plan, Shopify Support Gurus are available 24/7 to help you with the settings of the store.
- Verified revenue and traffic
- Secure messaging platform
- Escrow payment system
- Dedicated migration team