Everything You Need to Know About Shopify and Dropshipping
Dropshipping has become a business model that a lot of entrepreneurs are starting to seek out. For those who don’t know, dropshipping allows online businesses to sell their products without having to stock up the items themselves. Instead of having a warehouse or a plethora of products sitting and waiting to be purchased, it instead purchases the item from a third party and ships it directly!
Shopify dropshipping gives independent businesses a low-risk approach to testing new product ideas without creating and paying for the product immediately. It makes entrepreneurship a lot more inclusive and less restrictive to people who have the money to spend on the spot.
However, dropshipping is still a big mystery for a lot of people. You don’t have to feel uneasy because we’ve compiled all the information you’ll ever need when it comes to Shopify dropshipping products!
Shopify Dropshipping—How Does It Work?
Because dropshipping requires a third party retailer ready to provide you with the product that you need when a customer orders it, there are two ways that you can approach this for Shopify dropshipping. Either you can look for a supplier located in North America or other areas using online databases, or look for them in the Shopify app.
The latter makes transactions a lot smoother because the app connects you with thousands of different suppliers. How the process works is different for each supplier, but suppliers like Oberlo have a dedicated app that you can use to manage the order.
When a customer orders something from you when you partner up with Oberlo, all you have to do is review the details to make sure it’s right and hit the order button!
Shopify Dropshipping Benefits
The accessibility of dropshipping is a weapon that new entrepreneurs should take advantage of as much as possible. Dropshipping allows you to experiment with different business ideas and business models with minimal downsides. Dropshipping lets you know what is in demand and what you should put on the market for your consumers.
Here are a few benefits that will show you the power of Shopify dropshipping products!
Broad Range of Products To Put On Sale
A lot of businesses tend to get ahead of themselves and buy products in advance. Buying ahead limits their budget in the long run when the item they chose to stock up on doesn’t sell well.
With Shopify dropshipping products, you don’t have to purchase the items that you want in advance. Dropshipping lets you offer a variety of different products to customers based on your supplier’s stock.
Found an item that your supplier just put on stock? You can add it to your online shop’s for sale page with no extra payment!
Less Capital & Less Risk
The advantage that sticks out when leaning on dropshipping is that you can freely launch an e-commerce store without having to dump in thousands of dollars to have inventory available. A lot of your business’ capital goes to your inventory immediately in traditional means without the promise of succeeding.
For Shopify dropshipping, you only have to buy a product when there’s already an order made for it. The confirmation of a sale without up-front inventory investments makes sourcing out different products possible. Risk is also nearly eliminated when starting a dropshipping store since you don’t have to gamble on selling the entire inventory you paid for upfront.
Getting Started Is Easy!
Starting up an online store becomes a lot easier when you don’t have to worry about storing and taking care of physical products in your inventory. When you work with Shopify dropshipping for your online store, you only have to focus on running the site, sourcing for products, and other technical aspects.
Paying for a warehouse or space for inventory, shipping orders, checking your inventory, and ordering products to keep stock are only some of the things that you don’t have to worry about when Shopify dropshipping products!
Finding Reliable Suppliers & Wholesalers
Before you get ahead of yourself and start looking for a supplier that fits your needs, you have to learn how to know if the wholesale supplier that you’re partnering up with is legitimate or not. Getting a real wholesaler will save you a lot of money by giving you the best prices that you can get!
Things To Look Out For
Fake wholesalers are everywhere, and knowing how to spot them out is the difference between you making a profit and getting cheated out of profit. Keeping an eye out on certain qualities when looking for a real wholesale supplier should be your top priority when you’re just getting started.
When the wholesale supplier that you’re contacting sells to the public or forces you to offer monthly fees, you’re probably getting fooled out of your money. Genuine wholesalers don’t ask for ongoing fees for memberships or service, nor do they sell to the public!
When looking for genuine wholesale suppliers, check if they have pre-order fees and minimum order sizes as those are usually signs of their legitimacy. Make sure to look them up on the internet as well to see if they’ve been reviewed by other online store owners, as that can be a clear indicator of their ingenuousness!
Making Shopify Dropshipping Succeed
Now that you know all about dropshipping, how it works, and how to find genuine wholesale suppliers that you can operate with, you are now equipped with all the necessary information that you need to get started. However, knowing how to get started and knowing how to succeed are two different things!
If you want to succeed, we’ll keep it short and simple. First, you have to focus on marketing and giving your customers high-quality service. The internet is full of transparency, and how you treat your customers gets around and can lead you to get even more customers!
Next, find your niche. Focus on one customer base and try to stand out by narrowing your competition by specializing in one field!
Lastly, think for the long term. Building a Shopify dropshipping product business takes commitment and investment. Don’t get too fixated on the little details, and do your best as your business slowly progresses!
Are you ready to start selling online? Hit us up, and we’ll help you bring in more clients to your store!