Dropshipping is a relatively new business model that has gained popularity in recent years. As dropshippers, you never see the products and instead rely on suppliers to deliver them to your customers. This means dropshipping has low upfront costs and scalability. It\’s also profitable because you don\’t have any inventory sitting around costing money! In this blog post we\’ll discuss dropshipping for beginners, why it\’s so popular, when drop shipping might or might not be the best option for your business, and more!
How to get started with dropshipping
The first step for dropshipping is to decide on a specific niche. It is important not to go broad and add products randomly to your site, because it will lower the success of your website. If you narrow it down, you will be able to scale your business and monetize your pages even further by adding lead magnets to attract a specific audience and build the like, know and trust factor.
Next step is to create your ecommerce store that can be done with Builderall Super Checkout. Recently Builderall integrated with Aliexpress which means you will be able to import products from Aliexpress by choosing the product and just clicking the button. It will import all the images, pricing and description.
The last step is just promoting your brand new ecommerce store. Take orders, forward them to your vendor to fulfill and keep building your client list.
The pros and cons of drop shipping
When dropshipping, you never have to stock inventory. This means dropshippers can start their business without any upfront costs. It also makes it scalable because dropshippers don\’t need a warehouse or a physical storefront – they just sell products through an ecommerce site and send orders directly to suppliers for fulfillment. The lack of inventory also means dropshippers can offer products at lower prices.
Dropshipping is profitable because you don\’t have to worry about lost inventory or shipping costs. However, dropshipping also means there\’s a lot of work that needs to be done upfront before the business gets started – like finding the right product and vendor. It is always a good idea to build a relationship with the supplier and negotiate prices, set up dropshipping relationships with them – but it\’s all worth it if you\’re passionate about dropshipping.
Dropshipping is a low-risk business model because there are no upfront costs of buying inventory or any warehouse space for storing products. However, dropshipping is not a great idea if you\’re looking for something with high margins.
Tips for running a successful dropshipping business.
- You can dropship smart by following these tips:
- Find a niche you\’re passionate about
- Create an ecommerce store with Builderall Super Checkout
- Build a relationship with your suppliers and with your audience
Promote your dropshipping business to build up your client list and get the word out.
Common mistakes people make when starting their own store
As mentioned before, many dropshipping beginners make the mistake of going too broad and adding products to their site for every niche. This will not work because it will lower your business\’ success rate as you\’ll be attracting a wider audience with different interests. It is important that you narrow down on one specific niche and then find out what types of audiences are interested in your niche.
Once you have done that, it\’s time to build the like, know and trust factor by adding lead magnets such as free content or ebooks on your dropshipping related topic for example.
Dropshippers also make the mistake of listing products without taking a picture or having proper image resolutions available which leads them to lose potential customers.
The last mistake dropshippers make is not promoting their business enough, or in the right way which leads to a lack of visibility and traffic.
What not to dropship
- Items that are handmade
- Products you don\’t have an interest in or knowledge about them. It is important to dropship products with which you\’re knowledgeable and passionate about, otherwise it will be hard to promote your dropshipping business when you\’re not excited by the product yourself.
- Fragile products that can easily break.
- Large products that increase shipping charges.
- Products that cannot be advertised on Facebook.
- Dangerous products
- Fake products
Ecommerce is continuously progressing and is becoming more and more important to businesses as technology continues. The same applies to dropshipping. If you are not going to be dropshipping, you can also choose to become a vendor. The possibilities you have with Builderall are endless and it is only the beginning.
Go out there and build amazing businesses with Builderall.