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!
