What is dropshipping?
Dropshipping 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 and when an order is received, the product is shipped directly by the third-party vendor.
With dropshipping, you are concentrating on running your e-commerce business, not worrying about when and where you will be stocking your products. This allows you to run your business from a marketing angle and focus on selling instead of the actual production.
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. Less capital is required to start your business and the location of your business is very flexible. Also, the selection of products from which you can sell is so vast that you can make money by selling almost anything.
What is Shopify and what can it do?
One of the easiest E-commerce platforms that allow you to start selling online with ease is 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 dropshipping as they can save you a lot of time and effort when starting your business.
Shopify 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.
Now that you know what Shopify and Dropshipping, here are the steps you take to create your new dropshipping site:
Shopify provides you with a 14-day free trial to test their service. There are no contracts and you can easily cancel. Shopify’s Youtube has a great selection of videos to help you get your store up and running.
Step 2. Connect a dropshipping app to your Shopify store
There are two dropshipping apps that we recommend:
Once you connect either of these dropshipping apps to your store you can start importing products and customizing.
Disadvantages of Dropshipping
There are a few drawbacks, however. The amount you make on each sale is usually small therefore you need to sell high volumes of products to make decent money. Another disadvantage is that there may be problems with inventory as the supplier may run out of inventory to sell to your customers when they have ordered. This factor may further complicate customer service and extend turnaround times.
Many people have been very successful with dropshipping. You may have a few setbacks here and there, but Shopify provides the tools to ensure that the dropshipping process is as smooth as possible.
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