HOW E-COMMERCE DROPSHIPPING WORKS AND HOW TO GET STARTED || DigitalHant

Dropshipping is a sub niche under E-commerce where a

store doesn't keep the products it sells in stock or

inventory. Instead, when a store sells a product, it

purchases the item from a third party or supplier and

has it shipped directly to the customer. As a result,

the seller never sees or handles the product.

The biggest difference between dropshipping and normal

e-commerce model which we are used to, is that the

seller doesn't stock or own inventory. Instead, the

merchant purchases inventory as needed from a supplier

– usually a wholesaler or manufacturer – to fulfill

orders.

Benefit of Dropshipping

1. Less Capital Is Required – The reason why Dropshipping
made it to this list is because it requires little
capital to kick off! Probably the biggest advantage to
dropshipping is that it's possible to launch 🚀 your
Dropshipping business without having to invest
thousands of naira in goods up front. Traditionally,
Sellers have had to tie up huge amounts of capital
purchasing goods.
2. With the dropshipping model, you don't have to purchase
a product unless you already made the sale and have
been paid by the customer. Without having to invest in
goods up front, it’s possible to start a successful
dropshipping business with very little money.
3. Flexible Location – A dropshipping business can be run
from just about anywhere in the world with an internet connection. As long as you can communicate with
suppliers and customers easily, you can run and manage
your business.
4. Wide Selection of Products – Because you don't have to
pre-purchase the items you sell, you can offer an array
of products to your potential customers. If suppliers
stock an item, you can list if for sale on your website
at no additional cost.
5. Easy to Get Started – Running an ecommerce business is
much easier when you don't have to deal with physical
products.

With dropshipping, you don't have to worry
about:
* Managing or paying for a warehouse
* Packing and shipping your orders
* Tracking inventory for accounting reasons
* Handling returns and inbound shipments
* Continually ordering products and managing stock
level

Those are some benefits of Dropshipping, moving on to;

Disadvantages of Dropshipping

1: Inventory Issues – If you stock all your own items,

it's relatively simple to keep track of which items are

in and out of stock. But when you're sourcing from

multiple warehouses, which are also fulfilling orders

for other merchants, inventory changes on a daily

basis. While there are ways you can better sync your

store's inventory with your suppliers', these solutions

don't always work seamlessly, and a few suppliers out

there don't always support the technology required.

2: Shipping Complexities – If you work with multiple

suppliers – as most drop shippers do – the products on

your website will be sourced through a number of

different dropshippers. This complicates your shipping

costs.

Let's say a customer places an order for three items,

all of which are available only from separate

suppliers. You'll incur three separate shipping charges

for sending each item to the customer, but it's

probably not wise to pass this charge along to the

customer, as they'll think you're grossly overcharging

for shipping! They might abandon the cart 🛒 And even

if you did want to pass these charges along, automating

these calculations can be difficult.

3: Supplier Errors – Have you ever been blamed for

something that wasn't your fault, but you had to accept

responsibility for the mistake anyway?

The goods move from the supplier to your customers,

they are chances that the supplier might make mistakes

which can cause frustration for example, missing goods,

low quality packing, botched shipment all these if not

properly handled, it might damage your business

reputation.

Even the best dropshipping suppliers make mistakes

fulfilling orders – mistakes for which you have to take

responsibility and apologize.

Is It Worth It?

It solely depends on you to weigh the advantages and

disadvantages, understand this, Dropshipping is

profitable as a matter of fact, it’s a business you cango in with 15k or less and make 150k to 200k monthly

depending on your model

dropshipping isn't a perfect, stress-free way to build

a successful business. The model has some definite

advantages but comes with a number of built-in

complexities and problems you'll need to be able to

address.

How does it work

They are three (3) things to keep in mind to understand

how Dropshipping works

1: You need a supplier to source goods from.

2: You need a webstore (public or private).

3: You need to drive traffic to your webstore, you

can’t just handle 1 and 2 and then fold your hands, you

need to drive traffic to get more eyes on your webstore

to make sales

Ps: webstore means a store hosted on a website eg

jumia, Konga etc these are examples of webstore also

webstore and webshop are both the same.

My Story

Knowing how Dropshipping works and the 3 things to keep

in minds I think you should hear my story, I started

out Dropshipping 2017/2018, I set sail, I got a private

webshop, I did my research and found a hot product to

sell (A hot product or winning product, are products

that have been proven to sell effectively) so I looked

for a supplier that would supply me that product from

EBay (one of the largest e-commerce store in the U.S

󾓦) I listen the product on my website knowing the 3rd

thing to keep in mind which is traffic, I used Facebook advertisement to run traffic to my webshop. I got a hot

product for $2.99 and I was selling it for “$5.99 +

free shipping if you buy more than one”, I was making

like 30k - 45k profit daily and still yet I was not

utilizing things well.

How? Later that year I got to know that, EBay suppliers

get their products from Aliexpress(second largest

e-commerce store in China 󾓭) it’s cheaper to

Dropshipping from Aliexpress than EBay, also I wasn’t

investing my money back into the business (getting a

virtual assistant to help manage the store as I scale

and attend to clients and other aspect of the store) I

had to leave Dropshipping, why I did? You’ll get to

find out later.

If you find Dropshipping interesting, Congratulate yourself Because I will happily Help and Guide you through the process.

How Will You get Started ?

All you have to do is to Get My Step By Step Guide To Set up Your Drop shipping Business Website The GoodNews is that with this guide You can set Up your drop shipping store with zero cash investment

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