5 Facts on Sourcing From Dropshippers You Need to Know
Sourcing from dropshippers is a practical business model for sellers who want to open an online store, but don’t want to deal with the physical goods. For many sellers, running a business where products are shipped from the supplier directly to the customer is an appealing idea. If this sounds like you, read on for some helpful facts:
#1 You can offer high quality, unique items
Many believe that dropshipping is limited to low cost, mass produced items. But that’s not true. In fact, you can offer customers unique items from all over the world.
#2 International selling becomes possible
Here you’ll save on the high delivery expenses and associated headaches, since the delivery of the orders is taken care of by the dropshipping company, not the merchant.
Related: 3 Ways Dropshipping Benefits a Small Online Store
#3 You earn a percentage from the purchase
What you make is your “cut” for marketing the product. The dropshipper gets their (bigger) cut for storing and delivering the product. It’s a fair arrangement, to be sure. Still, it’s important to remember that it may not always be as profitable as you’d like.
#4 It can help you expand your business
There are many ways that sourcing from dropshippers can help your online store. From saving on shipping costs to delivering products at a faster rate to generating customer satisfaction, your business gets a boost. As a result, sales will increase.
#5 Success requires energy and diligence
This means not only monitoring daily sales data—but, more importantly, keeping a close eye on product shipment and quickly responding to any problems that come up, either with the dropshipper or the customer.
Related: How to Choose the Right Ecommerce Store Providers
In short, the only way to truly be successful when sourcing from dropshippers is to make a commitment to yourself from the start. And that is, to be willing to do what it takes to oversee the process, beginning to end, following up as needed, for each and every transaction.
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