If you have been in cyberspaces for some time and taken a look into the E-commerce world, you will notice a few things. First of all, there is a sudden rise in online markets all over the place. Secondly, they all work, and thirdly, you can get anything you want at the touch of a button.
And it gets you wondering how this came to happen overnight. Why and how, all of a sudden, have people gotten rich enough to buy all the inventory they display on their sites! But there is a secret they might not have let you in- dropshipping.
Dropshipping has revolutionized the way online shopping is done, where you neither need inventory nor space. Such that you can carry out your business in the confinement of your one-bedroomed apartment if you are up for the challenge. Below is why you should consider venturing into this lucrative business.
IMAGE: PEXELS
1. No space? No worries!
Previously, before you even thought of starting a company, you had so much to accomplish first. Licensing, leasing, and space, not forgetting funding. Today, things have been made easier as you can quickly start to drop ship without having ample storage space, highly-priced licenses, and even a hefty budget.
The reason being is that when you dropship, you need not have inventory but only a connection to a trusted supplier. You somewhat act as a middle person connecting a buyer and a supplier. That way, once an order comes in, you order it from your end and address the package to reach the client directly, and the client pays you. Well, here is where you make your money. As the maxim goes, you spend money to earn money.
2. The Business Has No Losses
Your clients get precisely what they asked for, and that way, you suffer no losses money-wise. But for this to be well executed, you have to be smart enough to include the shipping charges according to the customer’s address that you are not forced to dig into your own pockets to cater for additional fees. Additionally, since you are not storing any inventory, you have no dead stock.
3. It Is All Digital
This digital era we live in is quite marvelous. Almost all mentionable actions are digitalized-even shopping. Dropshipping is, therefore, a result of this hobby that people all over the globe enjoy doing. More so, now we have digital platforms such as the Magento 2 dropship to take you through how to start this very lucrative business venture.
4. You Offer Your Clients Faster Delivery
Once you become a regular customer to a supplier, they tend to deliver faster to you to uphold the relationship you share. So much so, your clients will get their deliveries faster than most people. With that, they will always prefer to order through you every time they are in need. This way, your clientele list will keep growing since the service you are offering them is at par.
If you are interested in even more business-related articles and information from us here at Bit Rebels, then we have a lot to choose from.
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