So What is eCommerce Dropshipping:
You were asking so What exactly is Dropshipping?
Dropshipping is a form of online retail business where the seller accepts client & customer orders, without the need to hold or produce stock.
Dropshipping is an order fulfillment method whereby a Business does not keep the products it sells in stock. Instead of holding stock, the seller purchases inventory as needed from a third party (a wholesaler or manufacturer) to fulfill their order requests.
Which eCommerce platforms offer Dropshipping technology?
Shopify, WooCommerce, Magento/Adobe Commerce, BigCommerce, Spocket and Open Cart to mention a few
Is an eCommerce integration such as Shopify free for Dropshipping?
Shopify seems to be the undisputed leader when it comes to e-commerce dropshipping.
With website plans starting at just $29 per month ($19 Shopify Limited offer for South Africa), it’s an economical choice for startups and small businesses. Shopify will even give you a 14-day free trial, so it’s a completely risk-free way to launch a new business or test-drive a brand concept.
What is the downside to Dropshipping?
Being able to offer new products immediately or stop selling slow-moving products is a major benefit of dropshipping. The drawback to this perk is that you don’t control your supplier’s inventory. If they run out of stock, YOU run out of stock. This will result in longer lead times and lost customers.
Is it worth it to Dropship?
Yes, if not opting to go the Affiliate route where everything including inventory is supplied, then Dropshipping is a good opportunity and still worth the investment – especially if you’re looking for an entry level, low-cost business opportunity.
“Dropshipping” has become the new buzzword in 2022. Success lies in choosing in-demand products, the right supplier with a 30 day return policy in place if possible as well.
This way you are one step closer to ensuring good, sustainable profit margins too.
To your Success
Karen Roux
Other eCommerce articles from Xtreme Business Network: What is an eCommerce SEO Checklist?
