Dropshipping has a wide list of amazing benefits, especially compared to the traditional old-school method of conducting a retail or wholesale business, that usually involves purchasing stock in large volumes at high prices and reselling them separately for higher profits. Most of us have experienced the thrill of shopping for items we want, and then having to haggle with a few salespeople over the price until we find the perfect item at the best price. If you want to experience that exhilaration all again without any of the hassle, all you need to do is dropship. You don’t have to deal with anyone, you don’t have to wait for the product to be ready and you can even take advantage of great deals that are only available during certain times of the year. So, what are the benefits of Dropshipping?
- You get to start selling right away. As a Dropshipping wholesaler, you have the power to set your own price and set your own shipping terms with your suppliers. In fact, if you do decide to dropship, you can use dropshippers to offer your customers more discounts than you would ever be able to find in retail stores. By dropshipping, you avoid the costly task of researching, finding products, locating your supplier and then negotiating all of these things on your own.
- You save money. Dropshipping allows you to experiment with many new products without the cost of launching a new product line. All you have to do is keep an eye on what is selling and how much you are paying for each product. Once you see something that is making you money, you can decide whether or not you want to pursue that particular product line and dropship all of the stock. In the meantime, you can open another account at your wholesale warehouse supplier and sell all of the products that are currently selling so that you can free up some cash to experiment with new ecommerce strategies and products. Visit Dropshipping news for more information.
- You eliminate shipping worries. Shipping products yourself is a pain; you have to purchase packing materials, pay the freight fees and you have to keep an eye on your inventory to ensure that it is being shipped on time. When you dropship with an Amazon or other online wholesale dropshipper, all of these things are eliminated. Instead of having to worry about whether or not your products are being shipped on time, you only have to worry about whether your supplier is sending your orders on time or not. If they are, all you have to do is follow your supplier’s order fulfillment policies to make sure that your customer receives his or her order on time.
- Your reputation takes a big hit with one small mistake. Even though you and your wholesale dropshippers work with a third party company that will handle all of the background information for both you and your customers, it doesn’t mean that you are completely safe from making mistakes. As many entrepreneurs know, ecommerce can be a messy business, full of fraud and identity theft. Some wholesalers will purposely sell products that aren’t real in order to victimize their new customers. By working with a dropshipping supplier that is licensed by Amazon, you can avoid making any mistakes as your supplier does all of the background work for you.
As you can see, there are plenty of benefits of Dropshipping. Not only are you able to start an online business with zero start-up costs, but your overhead is drastically reduced. All you need to be careful about are the wholesalers that you choose, because some wholesalers will try to scam newcomers to the world of dropshipping by providing false information about the service. The easiest way to weed out the unreliable wholesalers is to join an online forum where other online business owners post information about their experience. This will save you time and give you some hints about good and bad dropshippers.