Shop Dropper Point
First question which comes in anybody's mind before purchasing this store is "WHAT IS DROPSHIPPING?". I am going to answer here below for this important question.
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.
The biggest difference between dropshipping and the standard retail model is that the selling merchant doesn't stock or own inventory. Instead, the merchant purchases inventory as needed from a third party – usually a wholesaler or manufacturer – to fulfill orders.
Now after knowing this, the next question arises in your mind is, How does dropship works? So, the answer of this question is explained below :
The customer places an order for a product on the retailer’s online store.
The retailer automatically or manually forwards the order and customer details to the dropship supplier.
The dropship supplier packages and ships the order directly to the customer in the retailer’s name.
Next question which arises in anybody's mind is, how does it helps me getting profit. So, the answer of this really very important question is :
In this store, all the products are already added with 40-50% of your profit margin. So, lets say if someone orders item of $100 from this store, it's actual cost would be something like $50 or $60, so this simply means $40 - $50 USD would be your profit.
So, it means you can earn a big profit, you can manage your profit to any % by changing the price of products.
Next, Very important question which is must answered, the question is "I am not technical person, can I handle this website myself?". So, the answer for this question is,
Answer : Yes, you can easily handle this website, you don't need any technical skills to handle this website, You can do anything on this website like adding or removing products, payment methods, manage customers and orders and so on.
What are the minimum cost needed to run this website?
Answer : This website needs monthly membership of $29 USD only.
PROS OF DROPSHIPPING
As a business model, dropshipping has several different aspects that prove to be beneficial, such as:
It’s easy to use: It is very east to use this shopify dropshipping store. Easy to manage customers, products, orders, suppliers etc. No headache.
The cost of setting up your online business using the dropship model is next to nothing: In traditional business models, the majority of the costs are related to setting up and running the retail operations, i.e. purchasing the inventory. Since dropshipping eliminates that step, and thus the cost of it, all you have to pay for is the associated costs of running your website (hosting, theme, apps, etc.).
You don’t have to worry about exorbitant overhead costs: As previously mentioned, the business owner is not required to purchase inventory thus the costs of renting or buying warehouse/office space and the other smaller yet substantial costs pertaining to it (electricity/phone bills, stationery, etc.) aren’t an issue. The fixed costs of managing the website is all that a business owner has to worry about.
The risk of drop shipping as a business model is significantly lower: If the business doesn’t sell products it still doesn’t lose anything, so there is little to no pressure about having to sell your inventory.
The business can be run from anywhere thus the business owner is location independent:No office, no warehouse, no employees and no hassles. Little to no commitment to a physical space means that you could be sitting at a beach, sipping on mojitos while still turning profits. All you need is your laptop and the internet.
There is lots of variety when it comes to the products you want to sell: There is a drop ship supplier for almost anything that you would like to sell! You can rely on one great product, sell several products at once or mix it up; it’s all up to you. Find your niche and there is bound to be a supplier that caters to it.
More time and resources to scale your business: In traditional retail business models, if you want more profits you have do more work and invest that much more of your resource pool. With dropshipping all you have to do is send more orders to your dropship supplier and then let them handle everything else while you earn the profit and are left with more time to develop your business plans and scale!
Reduced losses on damaged goods: Since the shipment goes directly from the supplier to the customer, there are fewer shipment steps involved which drastically reduces the risk of damaged items while moving from one physical space to another.
How to get customers to my dropshipping store?
Getting customers to your dropshipping store is not much difficult, there are many marketing techniques available in the market. People are using it and earning a lot, even I do.
So, I am going to explain here what marketing initiatives you can use for your this awesome store.
Facebook Campaigns : These days, facebook are used all over the world and is one of the best platform for selling anything, Just create campaign and promote your products there.
Instagram : You can use instagram too for the promotion of products & Website.
Blog : Blogging is one of the effective marketing technique ever used in this marketing field, use it. You will definitely get result.
Youtube : Make youtube channel and promote your products there.
Google Adwords: This is an awesome technique to get the leads in your website. Just use that service, result is guaranteed.
Pinterest : People use pinterest for shopping purpose, you can also use this platform for the promotion of your products.
& many more.