Becoming a dropshipping business may seem a little daunting at first. You may feel overwhelmed with the process and that’s completely normal. With a shift to consumers making purchases through eCommerce stores, it’s important that you have something unique to offer your customers. From great user experience to excellent branding and marketing. You can’t fall short or you will be left behind. In addition to those key areas, you need to ensure your customers are spoiled with a choice of items you stock (even if you don’t physically stock them).
If you aren’t up to speed with what drop shipping is, we’ve put together a dropshipping for dummies guide. When you have a better understanding of what dropshipping is, you’ll see how it can benefit your business. Firstly, you need to decide if you want to become a dropshipping seller or supplier, or both!
Dropshipping Business: Becoming a Seller
If you are looking at expanding your store with new products, you should strongly consider dropshipping. This means you can list a variety of new items on your eCommerce store, without physically having to house them. This will offer a number of advantages to you as an online business. One of which is an increase in product availability, you save money on inventory and only purchase the item at cost price when a sale is made. This means you won’t be purchasing minimum quantities, you literally only buy the product once it’s been sold on your site already. There are many other advantages of becoming a seller. All of which will help you to grow your business faster and adapt to the ever-changing digital world.
Dropshipping business: Becoming a Supplier
By becoming a supplier, you will be able to list your products on a number of different websites. This will help with building your brands exposure. This is one of the fastest ways to have people see your brand and will only cost you a small commission. Similar to affiliate marketing, you will have other businesses get your brand out there, following the rules and guidelines you set. Once an order has been placed, it then goes to you to fulfil. This is just one of the ways you can get the stock moving faster while receiving many other advantages as a supplier.
How To Use Dropshipping to Increase Sales
Becoming a dropshipping business means more chance to increase overall sales. It doesn’t matter if you are a seller or supplier, you’ll be seeing a change for the better. From more exposure to better brands for customers, you can make a splash in the online retail world.
As a supplier, you will have the ability to set the minimum that someone can sell your items for. This will mean more consistency across the brand. You also are able to select who sells your products. This will help you to keep on top of branding, making sure the only people selling your products have the same vision as you. You will have other stores, businesses and individuals selling your products. They will be promoting your tone of voice and purchasing products from you when a sale is made.
You also have the ability to become a seller and supplier. If you are a brand who wants to bring in new lines but also push your products out there, this is a new and unconventional way to do it! You can list your products online for sellers to integrate into their store while bringing onboard new products to your own online sales channels. This will give you new content to market, as well as offer your customers something new and exciting, without you taking the burden of cost.
Dropshipping With Elvenda
One of the best aspects of dropshipping is that it’s free to sign up with Elvenda. You will never have to make a payment if no sales are made. It means it’s completely risk-free! Elvenda will take a small commission of the sale when one is made from the supplier but never the seller. That means you can add as many products to your eCommerce store and it won’t cost a thing but you’ll reap the benefits!
This makes drop shipping a feasible avenue for any business, no matter the size. We believe that everyone and anyone should have the ability to become an entrepreneur. Starting an online business is the best way to begin. This means you can even start on your own, without any stock or big investment! Many brands list their unique products to other sellers alike. One brand we have onboard is Pioneer Gear, which sells outdoor adventure gear. They are now on a number of websites stocking the brand from surf stores to boutiques.
The ability to grow your business is only limited by you. Not having enough money to invest in new stock is no longer an excuse in today’s day and age. If you want growth, there are many ways to go about it, dropshipping being one of the best solutions of this decade. You’ve got nothing to lose, so what are you waiting for?