Month: October 2013

Dropshipping is a type of retail fulfilment technique where instead of warehousing inventory, sellers purchase products from third-party suppliers as customers make orders. In this a store doesn’t keep the product it sells in stock. The products are then directly shipped to the consumer. The seller doesn’t have to be involved directly. Import export consultancy services provide guidance to do it in a better way. Dropshipping is one of the safest and easiest ways to do business. It is a low risk online business as it doesn’t require big investment as the traditional retail model. The plus point in dropshipping is that merchants don’t stock their own inventory. You can sell your product not only in your country but in the international market too just sitting at home and making money out of it. Similarly you can import products from other countries and sell it to your place by dropshipping business. Digital Exim is India’s best export import business consultancy. It is India’s only Integrated Export, Import, Shipping, & Logistics Program. Digital Exim provides export import classes, 6 month consultancy, and life time help desk. Attend online classes of digital exim sitting in any corner of the country. Go on live doubt solving sessions with our highly experienced trade managers. Give your dream wings with us!

Benefits of Dropshipping-

1 Easy to understand and start-

You just need to learn the basics. It is much easier to perform compared to traditional business. You don’t have to deal with physical products, warehouse, packaging etc. Just find the quality product you want and you are good to go in a couple of hours.

2 Less Capital investment-

One of the biggest advantages that merchants go with is that it doesn’t need big capital investment. You don’t have to stock up the products, so you don’t need a warehouse, packaging and delivery are all done by the third party so it will result in less capital investment. One of the biggest reasons for adopting dropshipping.

3 Location Flexibility-

Dropshipping can be run from sitting in one place to anywhere just with an internet connection. You have to get your deal done on phone or mail, etc and can manage your business from anywhere.

4 Easy to Manage-

Since you don’t have any warehouse, staff, delivery complications it becomes easy and hassle free to manage things. You just have to manage your customers without taking any tension.

 5 Easy Shipping-

 In Dropshipping you don’t have to worry about shipping your inventory. Your third-party will take care of all the shipping and supplies after getting an order from the customer.

6 Selection of Products-

 You can offer the customer a list of products you can deliver as you don’t have to pre-purchase the item you sell.

 7 Scale your Business-

You don’t have to worry about workload if you start selling more, because you are not the one responsible for packing, packaging and shipping for the products.

How Dropshipping Works-

1 Manufacture-

The one who makes the product sells the items to the suppliers and wholesalers in large quantities. You can get your product shipped directly from the manufacturers. This way you will skip the supplier and can get the product at cheaper rates.

2 Supplier/ Wholesaler-

Wholesaler is a person who buys products from the manufactures and sells them to retailers. Because of suppliers it becomes easy to find the items you want to sell. Their minimum purchase is usually lower than the manufacturer.

 3 Retailer-

Here you are the retailer. It means the person who is selling the products. Sell products keeping profit margin in mind yet not too high.

How to start Dropshipping-

• Find a dropshipping Idea
• Find suppliers/ wholesalers
• Manage finances and legal
• Advertisement
• Social Media Account

There are many ways to start and grow a dropshipping business. Join our export import business training and get every answer to your question. You don’t have to dedicate too much time and energy to dropshipping. Just spend a couple of hours every day and still be successful.  Do give us a visit!      

A Newbie Importer/Exporter is always filled with a bucket full of responsibilities & duties undoubtedly. Let’s Start with the most starting question before starting the export import business ‘Capital’. “If people like you, they’ll listen to you, but if they trust you, they’ll do business with you.”  No one wants Nightmares in their life. Right? So starting an Export Import Business with huge Capital is risky tea to drink. You can only go with this option if you have a strong backup. At the end of the day, the exporter or importer must be ready to face the losses, whether it’s happening or not. Hence, investment for export import business plays a major part.

How much Investment is Needed to Start a Export Import Business

You don’t always need a huge capital or investment to start an international business. All you need is dedication towards your work and creative idea to sell your product. An export import business in India can be start in around investing 50,000- 1lacs. Go slow while you start a business. In less investment you will get less profit but there will be less risk. Boost your business slowly. Once you feel like business is going good, start investing more money but in small portions. First make trustworthy relations with your buyer or seller. If you have stocked up you money and want to invest more in one go. You will earn more returns in this but also have high risk.

Is Import Export Business Profitable in India?

Export import business is one of the profitable business in India. It is considered as one of the lucrative business because of the high demand for goods and services in international market. To make your business more profitable you should have good knowledge of your business, make trustworthy relations, make strong connections.  

EXW (Ex Works):

Ex Works in which the seller makes the product available at a particular location & the buyer pays the transportation costs. After getting the goods, they are responsible for every next process. Talking about the export import in India, EXW is something that traders hardly choose for. Also, the risk involved in this incoterm, so buyers rarely chooses it. 

FCA (Free Carrier):

The Seller obligations include goods, commercial communication, documentations, exporting packaging, export licenses, custom formalities, pre carriage to terminal, delivery to name placed, cost of pre shipment inspection & proof of delivery. After that it’s all buyer’s responsibility. Like EXV, FCA too is not much popular between International Traders in India. 

FAS (Free Alongside Ship):

FAS is only applicable for ocean or inland transport. Sellers just have to pay till the freight is on the vessel, after that it is all on buyer’s shoulders. Free Alongside is also a budget friendly incoterm for starting investment for export business. 

FOB (Free On Board):

A popular Incoterm finally used by many Indian exporters & importers. A trending incoterm! FOB too applies for ocean or inland waterway transport. Here, the seller pays all costs up to the main carriage then it is the buyer’s responsibility. So Count this one in your bag of ‘investment for export import business’

Basics Guidance for the Start of Business-

Let’s now assume you are starting your export import journey with minimum capital and play safe. Everyone wants a good flow of business, but at the end of the day it takes your constant genuine efforts and hard work. In Export Import Business, there is nothing Like shortcut. You ought to first learn & then rock the industry though your product respectively. Having a sound knowledge of your work and the product is most important.

No Specific Amount-

To be very clear, there is nothing like fixed. It all depends upon the product you export or import. If Your product is Costly then after deducting many costs, the final capital may remain high. So, we cannot just say the exact minimum capital but definitely as mentioned above the clarity is what counts the most. Digital Exim does not believe in just talking. We make future International businessmen. Export Import Business is not every one’s cup of tea, it requires courage, passion, focus & the foremost thing ‘Training’. We are the pioneers in the export import industry for 33+ years. We provide you online classes and personal consultancy. The Whole Team Makes Your Export Import Journey reliable & easy through ultimate trade assistance. Digital Exim has a wide Network in the Export Import Industry. Join our export import business training today only & fulfil your dreams of becoming the No.1 International Businessman. Do visit our website!