If you are looking to create an online store, you must have heard the term “dropshipping”. But what does it really mean? Why do we all keep hearing more of it with every passing month and year? What’s really involved? And most importantly, how can dropshipping help you become an industry expert and grow your business?
This Dummy’s guide to dropshipping will help gain a clear and complete understanding of topics such as:
- What is the meaning of dropshipping?
- What are the possible drop shipping opportunities?
- What is Shopify and how does it work?
- Is dropshipping that easy?
- How can I make profits with drop shipping?
- How does dropshipping benefit the manufacturer?
- How to get started smartly with dropshipping?
Drop Shipping Meaning
In layman’s terms, dropshipping refers to a fulfillment model that lets you purchase products individually from a wholesaler that is then shipped directly to the customer. You don’t have to purchase a large amount of inventory. You are expected just to partner with a dropshipping supplier and list their merchandise for sale.
Once you have received an order, you just have to forward it to the supplier for fulfillment. Upon receipt of your communication, the supplier will simply ship the product from their warehouse. You are required to pay only for the decided product price and every amount of commission, fixed remuneration, and/or profit as per the predefined terms and conditions is all yours.
Drop Shipping Opportunities
For a lot of entrepreneurs, creating and launching a Shopify dropshipping store is an excellent way to break into the world of ecommerce. After all, there cannot be anything better than the simple yet highly profitable prospect of just listing a supplier’s merchandise for sale and make money out of it.
We all know that the prospect of spending enormous resources such as time and money for inventory management can be the biggest deal breaker for many existing as well as potential entrepreneurs. It is for these and many reasons that more and more entrepreneurs are now exploring drop shipping opportunities. They don’t spend hundreds and thousands of dollars on inventory management but use their valuable resources and time to focus solely on growing their dropshipping business store.
Why Shopify For Dropshipping-What Is Shopify And How Does It Work?
Shopify is an easy-to-use and interactive ecommerce platform that helps you start, grow, and manage an online business. It gives you the unique opportunity of selling in different places including but not limited to online marketplaces, pop-up shops, brick-and-mortar locations, social media, web, and mobile. This hosted and cloud-based platform helps you to keep an easy, precise, accurate, and quick record of products, inventory, sales, payments, shipping, and profits.
Moreover, all Shopify updates happen on a real-time basis without hampering any functionality, process, or performance that means you can get the best of both worlds without spending a fortune on internet bills. The biggest advantage of a Shopify online store is that you don’t have to worry about server management, uptime, traffics, security, etc. as every technical aspect is handled by the platform provider. Furthermore, you can avoid all the hassles of a payment gateway by simply accepting payments directly with Shopify that integrates with more than 70 payment gateways for accepting debit and credit cards from all parts of the world.
If that is not all, Shopify allows you to easily customize the feel and look of your online store with the help of online themes and store builder. Anyone can make use of Shopify website builder and management tools even if with no prior experience in website designing, development, or promotion.
In case of help, you can always contact Shopify directly using a wide range of options such as chat, email, or phone call. Alternatively, you may visit the Shopify Expert Marketplace to search for answers or hire a certified Shopify expert.
Is Dropshipping That Easy?
To say the truth, dropshipping is not as easy it sounds but it is also not difficult as you might probably thought. If it was a cake’s walk, everyone in this world would have been dropshipping. If it was that difficult, nobody would have been dropshipping.
Now let us access some facts and statistics:
- Dropshipping is the preferred fulfillment model of nearly 33 percent of online stores.
- Approximately 23 percent or about $85.1 billion of online sales in 2017 were fulfilled via dropshipping.
- Amazon, the eCommerce giant, also realizes the importance and potential of dropshipping. In 2011, 34 percent of its sales were fulfilled using a dropshipper and the numbers have only grown exponentially year-after-year since then.
How Can I Make Profits With Drop Shipping?
You can make big profits with drop shipping. When used correctly, it can help you consistently earn profits. Since you will obviously try to cut down shipping costs completely, there is a huge potential for you to even make a profit there.
You will make profits because:
- You would not have to pay for storage, maintenance, and associated bills of storing inventory
- Your money will not be tied up in stock
- You would not be expected to buy in bulk
- You would not have unwanted and huge volumes of stocks to shift
- You would not have to pay for equipment, staff, or a warehouse
How Does Dropshipping Benefit The Manufacturer?
According to the Journal of the Operational Research Society, the average profit of a manufacturer that engages in dropshipping is 18.33 percent higher than a manufacturer making the use of traditional channels.
A retailer when buying in bulk can usually only hold approximately 13 percent (due to storage limitations) of what a supplier would like to sell, which means reduced profits for the supplier. However, this constraint is lifted with dropshopping that allows the retailer to buy whenever an order is received. This way, the supplier makes more sales and profits in the long run.
How To Get Started Smartly With Dropshipping?
If you are looking to get things started from scratch or revamp your existing eCommerce website, BE BIGGY has to be your first and last choice. This is not just because it is the world’s most preferred, trusted, and admired provider of custom Shopify websites for sale but also because it provides wonderful websites that are always complemented with reliable customer support.
How To Start Your Successful Dropshipping Business With BE BIGGY?
BE BIGGY lets you make informed decisions by giving step-by-step instructions for newbies. It also helps you get access to the best tools for Shopify dropshipping so that you don’t have to face any kind of trouble.
Regarded by industry critics and market experts as one of the top Shopify development companies worldwide, BE BIGGY is a known name in the world of best drop shipping products. It is trusted by thousands of customers from all parts of the world when it comes to building a store online. This provider of custom and ready-to-go live online Shopify dropshipping store websites can even assist you with the best drop ship business ideas, drop ship business plan, drop ship merchandise selection, drop ship products to sell, drop ship fulfillment, drop shipping for beginners, drop shipping platform, and drop shipping retailers.
BE BIGGY can even help you with the best dropshipping niches, guidance regarding drop shipping for dummies, best dropshipping products, drop ship wholesale suppliers, how to start a drop shipping online store, and automated drop shipping in your quest to become one of the best dropshipping stores in absolutely no time.
Drop shipping is an easy and convenient way for you to get started with making profits, especially if you are new to eCommerce. And speaking of making profits, don’t forget to get connected with BE BIGGY if you require any kind of assistance to set up your awesome online Shopify store. Buy a custom Shopify dropshipping store now!