Sell The Right Way With Dropshipping

The urge to attain a profitable business and the upsurge in online sales have made dropshipping a sales model that is currently gaining more and more followers. If you are a store owner, you must have come across this term lately.

Indubitably, several stores have already implemented it and are cracking good deals. If you are among the remaining ones, this article is for you. I am going to discuss the concept of dropshipping and how it can benefit your online business. By the end, I am sure you will have a clear idea and a direction to move.

It’s time to know

What is Dropshipping?

It is an intermediary model of online sales in which a merchant (the retailer) creates an online platform from which they sell the products of a third party (wholesaler or dropshipper). In other words, an online dropshipping store means you don’t have to take care of inventory or shipping products ordered on your site; your suppliers handle everything. All you need to do is display articles for sale on your website. It is the wholesaler or dropshipper that handles the shipment of products sold in the store directly to the end customer.

Wondering what exactly is a dropshipper and what role do they play in the sales process?

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The dropshipper is a wholesaler or the main supplier of the products that will be sold to the end customer by the retailer. He/she is responsible for sending all these products directly to the customer, with or without a trace identifying their real origin. In layman’s language, they act as an intermediary in the process.

Now that you have understood the concept of dropshipping, it’s crucial to know

The Major Benefits of Dropshipping

No Need for a Storage Space
One of the most popular advantages of this method is the lack of product storage. As a result, the cost savings are high. If you are the store owner, you don’t have to rent any storage space, nor will you need to pay people to handle the merchandise. Further, aspects like traceability, out of stock or special storage conditions are handled by the dropshipper or wholesaler.

Simple and Easy Sales Process
When you have a dropshipping-based store, your sales process is limited to receiving an order and passing it to your supplier. He/she takes care of the remaining process whether that’s shipment, delivery or anything that comes in between. All you got to do is manage your store and display the items in a user-friendly manner.

Offer a Wide Range of Products
Getting the opportunity to offer a wider range of products is what an online business always aspires for. Luckily, this is made possible with drop shipping. You don’t have to worry about different colours or sizes and where they’re all going to be stored, you simply list them on your site and your supplier can deal with the rest.

Smaller Startup Costs
To set up an online business, a good chunk of capital is usually required to buy your inventory of products. But this can be guesswork, as there’s no saying how much stock you’ll sell for that month or year. Don’t have enough money to start your online store? Drop shipping abolishes this problem by passing the risk of spending your money on the unsold stock to the dropshipper.

That’s not all.

To turn this model into a boon for your business, the PrestaShop community offers a list of custom-tailored dropshipping modules which allow you to automatically send dropshipping orders to your suppliers/carriers and update your inventory in real-time.

In case you are looking for a customised module for your store, please feel free to discuss further; I’d love to create one for your store.