Your dropshipping guide
There have never been more opportunities for creative e-commerce businesses to produce a long-term profit in this era of online shopping.
Dealing with huge inventory as an online business owner can be challenging, especially if you don’t have your own warehouse, but dropshipping overcomes this problem.
Since the growth of online shopping and the growing tendency of cross-border e-commerce trade, the market is expected to rise significantly. As a result, the surge in demand for dropshipping services is mostly impacted by the e-commerce industry’s development. The global dropshipping market size was valued at $102.2 billion in 2018 and is expected to register a CAGR of 28.8% from 2019 to 2025.
What is dropshipping?
Dropshipping is an order fulfillment process in which a retailer does not have to hold stock of its products, instead they purchase inventory from a third party that fulfils orders on their behalf – directly to the customer.
Dropshipping will help you grow your business and save time by reducing the obstacles of shipping and stock management.
The 3 basic steps in a typical dropshipping business model
2- The order is directly forwarded to the dropshipping supplier.
3- The supplier sends the product directly to the customer.
Aramex can easily help you in your dropshipping journey, through their Drop and Ship service.
Drop and ship by Aramex provides you with a dedicated forwarding import box. Simply ask your suppliers to ship domestically to your Drop and Ship box and Aramex will forward your packages to your doorstep.
The advantages of dropshipping
Dropshipping provides a lot of benefits, which we’ll go over in this section.
1 – Smooth Capital
The most significant benefit of dropshipping is that it allows you to open an ecommerce business without having to invest so much money in inventory.
Rather than risking losing money on unsold inventory, retailers pay suppliers only once a client has made an order.
2 – Less Hassle
Dropshipping helps retailers to concentrate on other elements of their business.
Organizing stock, communicating with delivery providers, and dealing with big quantities of products can take a long time, and you can avoid all these tasks with dropshipping.
Therefore, you don’t have to deal with the packaging, or shipping side of the business because the supplier handles the stock and inventory.
3 – Free as a bird
One of the best advantages of dropshipping is the flexible location.
A dropshipping business can be run from almost anyplace that has access to the internet.
You can run and manage your online e-commerce business if you can interact effectively with suppliers and customers remotely.
4 – No worries about consequences
Dropshipping is an effective fulfilment technique for both setting up a new business and testing the desire of customers for new product categories.
The key advantage of dropshipping is the opportunity to market and ultimately sell products before making a large investment in inventory.
3 tips before starting your dropshipping journey
Here are 4 tips to help you on your way to success:
Find your suppliers
Make sure you do your research and choose a service that is suitable for you. Consider your company’s goals and objectives, as well as the products you are targeting to sell, your brand identity, and the type of service you want to provide.
Market your online business
Marketing effectively is crucial to maximize web traffic and increase conversions.
You’ll need a good marketing plan that includes offering personalized, engaging, motivating, and value-driven content across a variety of promotional channels and touchpoints.
Set up your online website
The safest and simplest choice for beginners is to build a website using a professional ecommerce platform like GoDaddy. Even for experienced ecommerce business owners, this makes the process simple and is typically the best option.
Maintaining your motivation and consistency will offer you the confidence you need to face unforeseen situations. Preparation is essential for dropshipping success, and by staying on top of your operations, you’ll be able to replace products or suppliers as needed, as well as make significant modifications to your business model.
We hope this article has assisted you in taking your initial steps in your dropshipping success journey.