E-commerce platforms like Shopify have enabled many business owners to easily set up stores online and take advantage of the ever-growing online market. There are many tools which can help you take advantage of all that online business has to offer. One particularly important component of e-commerce that every seller should consider using is dropshipping.
Dropshipping means that you can sell products without packaging and shipping items to your clients, therefore you don’t have to hold the inventory yourself. You can get someone else to do it for you, or you can work as an arranger - the person who negotiates between a third party that does the inventory and shipping and the clients who order from you.
If you are unable to produce a product because it's just not feasible or the storage space for the goods is quite expensive or requires more direct coordination with different locations, you can start reselling third-party items by using dropshipping.
This method allows the supplier to ship the product directly to your clients instead of shipping it to you first. Dropshipping makes it easier by enabling you to connect with a warehouse to not only keep the products but to ship them when customers buy. If you want your online business to rise to the competition, dropshipping can be a great solution for you. Let’s look at some of its advantages.
Low costs to establish
Starting an online business is way cheaper than starting a traditional brick and mortar store. But cutting your costs for starting a business doesn't have to end there. By opening an online dropshipping store, you automatically avoid any expenses on real estate, bills, and personnel.
Getting started is not a big hurdle because you don’t need to spend anything initially. However, you will require additional features if you want to appeal to larger audiences. This means that if you want to grow your business you will have to invest in it, but luckily these are first expenses you’ll have to worry about. When you factor all this into your plan to create an online shop, dropshipping is the best direction to take.
Your cash flow increases
One of the reasons many people hesitate to take the leap into owning a business is because of the risk involved. Dropshipping eliminates this fear because there are almost no risks associated with it.
New retailers can get started for free and have a trial run before deciding to use their account permanently. The best part about all of this is that you don't have a lot to lose and can always try out something else before ever making any kind of financial commitment. Sellers only have to pay for the product they buy from manufacturers after making a sale.
Businesses can give diversification a shot
One of the best ways a seller can increase their profits is by providing a wider variety of goods to diverse audiences. Although you can do very well with a single product, the chances of success with a range of several products is higher.
Dropshipping allows you to create more virtual shelves where you can add new brands of products. The best part is that you only have to focus on finding the items that are in demand and filling your shelves when they are empty.
The scalability of your business increases
We all know that time is valuable in business, and dropshipping enables you to save tons of it. This means you can use your spare time to look for any components of the business that are not functioning as expected and fix them before they become a problem for customers. Once you have your products, all you have to do is to wait for the customers to start making purchases.
The good news is that your virtual shelves don't store goods for a long period of time. Shopify has also given you the opportunity to control the number of products you have based on demand. The products you sell can move very quickly and you can fill your pages up with more items faster thus scaling your online business.
Keeping customers is easier
Running a business can be difficult because you have to keep track of different parts of the business at the same time. In order for a business to be successful, it’s advisable to create loyal customers, and you want to limit your distractions from this core goal. Dropshipping creates an opportunity for sellers to better focus on the customer experience.
When customers do their shopping on your website, they are supposed to feel in control. You can do this by making your website more user-friendly. Another way to get more loyal customers involves improving the communication between you and your customers. Try offering opportunities for your customers to provide feedback, and make sure to always be personable every step of the way in the buying process.
Shopify is one of the most popular platforms for creating an online store. If your goal is to increase the amount of money you make online, opening a Shopify dropshipping store is a smart solution. These 10 steps will show you how to start a dropshipping business on Shopify:
The initial stages of starting a business are the most important. A good foundation will help you to expand a stable business in as many directions as possible. You need to keep a few things in mind when looking for a suitable niche for your Shopify store.
Once you have picked the ideal niche, the next step will be finding a reliable supplier. One of the best places you can turn to for vendors is AliExpress, which is widely recommended by Shopify. What makes AliExpress so convenient for dropshipping?
After picking a niche and a suitable seller, you can proceed to the more technical part ofsetting up a Shopify dropshipping store. The following points will explain how you can get started with Shopify:
So, you have your account set up and a Shopify plan selected: what's next? In order to build a functional store, you need to make the right configurations to your Shopify account.
If you are satisfied with the design of your website, you can then proceed to add your products to it. Shopify has already provided you with clear instructions on how to do this, so all you have to do is make sure you add all the necessary information to your product descriptions.
Take note of the following:
Shopify is one of the best platforms to open a dropshipping store because it provides a lot of options to the seller. In order to succeed online, you have to create an opportunity for customers to easily buy your products. Offering them multiple payment methods is one effective way to do this. Consider the following points when you set up the routes for making payments.
It is very important to price your products in a way that is fair to both you and your customers. Because you are dealing with an online audience, you have to consider how the shipping rates will vary depending on where they are ordering from. Figuring out the right rates can be a bit tricky, so to make it easier you can use the following guides.
Shopify has enabled all their customers to easily check to see how shipping rates apply to them. If you have an advanced Shopify plan, you can get all the shipping updates automatically.
One of the biggest challenges with running an online store is keeping your customers interested. A gift card can play a big role in helping you make more sales. Many customers turn to gift card when they are uncertain of what gift to buy for family or friends. Here are some advantages of offering gift cards at your store.
You can easily create a gift card on Shopify, however, you require a more advanced Shopify plan to do so. Additionally, promoting your gift cards on social media or in blogs will help you reach a wider audience.
Customer support was created to make sure that your store can provide assistance to any of your customers who need it. How can you make yourself available to your customers? A simple contact page will often do the trick. Here you can receive important questions from your customers and provide them with answers. Make sure you always respond as quickly as possible to show that you care about your customers’ questions.
Communication packages can also help you better provide customer support. You can choose from the following methods of communication:
ZenDesk provides a package that allows sellers to take advantage of all the above communication pathways to enable a quick reaction to customer queries.
During the process of creating a store, no one but you can see your store. This is because you have it secured with a password-protected function.
The only way your store can become available to your target audience is if you "ring the curtains up" from the main page. Before you do this, make sure all the features are working fine and there are no errors on your page. Once you have disabled the Password Protection checkmark, the store will be visible to your clients and the public at large.
Dropshipping coupled with a Shopify store is one of the best ways to get started online. Shopify is a good example of an e-commerce platform that enables sellers to set up and run a successful business by starting with almost nothing. If you need any help getting started with a shop that integrates dropshipping into Shopify, MakeBeCool can help.
Our Shopify Consultant will help you determine the ways of increasing professional growth