How to Build an Empire with Drop Shipping and Shopify
Shopify is an online e-commerce platform that easily allows you to run a business without having to worry about operating the platform. The platform also easily supports drop shipping which can save an upstart business owner a lot of money. If you are planning on going into the online retail market space, then you need to know about Shopify and about drop shipping as they can save you a lot of time and effort when starting your business.
Shopify and what it can do
Shopify is an online E-commerce platform that allows users to track their sales, orders and inventory across multiple platforms simultaneously. Shopify can be used as an online store and provide the means through which customers purchase your products. Your Shopify store can also be linked to social media sites as well as other e-commerce platforms to give you the widest possible reach to potential customers. It is a superb platform, and it can be a great foundation for running an online business.
Where does drop shipping come in
Drop shipping is a method of delivery where the store doesn’t keep the products it sells in stock. Instead, the store purchases the item from a third party when an order is received, and product is shipped directly by the third party vendor.
Therefore when you are running your e-commerce business, you will be able to eliminate costs to hold and care for the products. Allowing you to run your business from a marketing angle and focus on the selling instead of the actual production.
You can check with these companies for products to dropship:
How this benefits you
If you are a person that can build a following on social media and know great ways to market a product, then this is an excellent way to make money. Not only is the amount that you sell very scalable also you don’t have to worry about the regular overheads associated with brick and mortar stores. Vastly less capital is required to start your business. The location is very flexible. Also, the selection of products from which you can prosper is so vast that you can make money through selling almost anything.
There are a few drawbacks, however. The amount you make on each sale is usually small therefore you need to build volumes to make a lot of money really; though this can change with a little work and time. There may be problems with inventory as the supplier may run out of inventory to sell after your customers have ordered. This factor may further complicate possible delivery errors and extend turnaround times.
All in all using drop shipping is worth it. You may have a few setbacks here and there, but Shopify provides the tools to ensure that the drop shipping process is as smooth as possible.
Are you ready to start your e-commerce business? Then Shopify with drop shipping may be a great avenue for you.