Drop shipping is a fairly new phenomenon in the online business sector, which is already touted as the future of e-Commerce. Simply put, this e-Commerce model allows you to sell goods that are not owned by you. You have a website where you have pictures and descriptions of certain products. Once a customer selects a product and pays for it, you get in touch with the supplier to ensure that the chosen product is received by the customer within the prefixed time frame. Investing in reliable drop shipping Website development Bangalore, thus, means that you will be able to sell products without having your own inventory.
Why Drop Shipping?
The advantages of this particular business model outweigh the advantages of traditional e-Commerce model. You can start an online business with less capital. Plus, you don’t necessarily have to worry about the packing and shipping responsibilities! However, you need to collaborate with credentialed professionals providing drop shipping eCommerce Website development Bangalore– in order to make the most of the benefits offered by this platform. Regardless of whether a traditional or drop shipping e-Commerce store – you have to ensure that your customers continue to enjoy great in-store experience, boosted by factors such as easy navigation, fast load times and convenient payment gateways.
Drop Shipping Explained in Stages
However, before delving into the benefits of drop shipping further, here is a breakdown of the stages through which the entire process is carried out:
- You can post the products that you are selling online
- It can either be your own website or any other suitable selling platform
- A customer chooses something sold by you and pays for it
- You get in touch with the supplier offering the same product and place your order for the product chosen by your customer
- Your supplier delivers the order directly at your customer’s address
- Once the customer receives the order the deal is complete
Drop Shipping: Why Set Up your Own Store?
Now, there is a number of platforms that you can try out to sell your products. However, even the beginners are recommended their personal drop shipping stores. You can sell your products through various platforms including:
- Social media channels
- Blogs and other forums
- Classified AD portals
- Already established marketplaces including eBay, Amazon and Flipkart etc
However, there are definite drawbacks of NOT HAVING your OWN WEBSTORE. The classified Ad portals, for instance, won’t allow you to create a full-scale platform. Blogs and forums, on the other hand, command low level of customer trust. It’s only when you create your own drop shipping store that you end up enjoying higher profits (third-party commissions are eliminated), full control (other sites might as well be down just when you don’t want them to be so, you have full control over the pricing strategies, nobody dictates what you can select as products), and improved analysis. A personal webstore, notably, offers you a detailed look into the total amount of revenue earned, volume of orders and number of visitors among such other crucial aspects.
Benefits of Drop Shipping
Now, what are the benefits of drop shipping instead of setting up traditional e-Commerce stores? We will discover in the course of the post.
Easy to Start
Drop shipping companies are way easy to start if you are a beginner! When you are not dealing with the physical products, it becomes way easier for you to run an e-Commerce store. It’s the drop shipping wholesalers, who are in charge of owning, managing and paying for the warehouse. Drop shipping is aptly described as the retail fulfillment method without you having to manage responsibilities typically associated with retail:
- You are not required to track inventory accounting
- You don’t have to pay for and manage stock level
- You don’t have to manage shipments and inbound returns
Zero Warehousing Responsibilities
When you are not required to fulfill all the aforementioned responsibilities, you can start off by low overheads. Drop shipping companies in Bangalore don’t need to rent warehouses. They don’t have to buy items for their stock. As such, you don’t run the danger of not being able to sell the stock that you own.
You can Run the Business from any Location
The flexibility of location remains one of the major benefits offered by drop shipping businesses. You can run the business from anywhere, successfully, provided you are in touch with reliable drop shipping suppliers. There is room to sell a wide number of items provided your suppliers have them in their stock. The versatility of your portfolio helps you reach out to a wider audience. You can add these units on your store with no additional cost.
More Profits, Less Work
With traditional e-Commerce set-ups, sales growth requires you to put in substantial efforts. For instance, if you are looking forward to 4 times the current profits earned by you – you have to work 4 times more as well. Drop shipping, on the other hand, doesn’t require you to do so much of “incremental” work.
AliExpress.com makes for a premier e-Commerce platform- widely accessed by Chinese buyers. It has successfully bridged the gap between Chinese manufacturers, individual business owners and buyers by bringing a wide range of items to the fore. Sellers and corporations from across the country offer electronics, apparel, home décor and other items here. With the kind of reach it commands at present, drop shipping aliexpress offers you instant recognition, which platforms of less repute can’t do for you! Documented below are the immediate benefits of selling your products through this platform:
You are not really limited by catalogs. There are more than 100 million items that you can choose to sell from.
Chinese manufacturers are known to follow the latest trends in technology, home décor etc to ensure that customers get the best value for their money
You can choose your partner sagaciously since the platform allows you to review background of more than 200,000 sellers registered here. What more? You can arrange for free shipping worldwide as well!
From product sourcing to management to order fulfillment, drop shipping offers you the ease of starting an online business which is hardly matched by what is offered by a traditional e-Commerce set-up. Make sure you are exploring opportunities by studying your market well!