It’s kind of a big deal to open your own offline store. You have to find a room, hire employees, pay the rent, and make purchases. This is the reason why modern entrepreneurs choose to run their business online. They choose e-commerce, and to be more specific, they choose dropshipping. This implies sending supplies directly from the producer to the buyer. In this case, the online store mediates between a product supplier and a client. The store takes and coordinates the orders.
First of all, you have to find suppliers which will agree to deal with you under this scheme. Learn their requirements and prices carefully. By the way, suppliers set the wholesale prices for the goods, while you set the margin; that is, your income.
Next, you create an online store to feature a catalog of suppliers’ products. Shopify is a great environment for dropshipping and any kind of eCommerce in general.
After you create your online store, you need just to redirect the orders to a warehouse and control the shipments and payments. Don’t forget that you need to pay the supplier the cost price and that the margin is your net income.
However, dropshipping has its own pitfalls. For instance, you can’t always know exactly about the availability of a product in a warehouse. That’s why some misunderstandings between you and a client might arise from time to time. In that case, you should get access to the warehouse balance from the suppliers. Also, it’s important to discuss the return and exchange policy in the beginning so that you and your clients can avoid any financial risks in case the product doesn’t fit.
No doubt, dropshipping is trending up. But before starting this kind of business, you should think carefully. For example, if you have your own atelier, you need a classical online store, which will allow you to coordinate the orders independently from the suppliers.
By the way, it’s not necessary to hire a web-developer for that purpose. You can build your store on Shopify on your own. This platform is easy to use and convenient. To handle the navigation, you’ll need just a few days. In this case, our free Shopify training course will be of a great help. Put your email on our online-school page, and we’ll send you a step-by-step guide for free!
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