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Business, Tips & Guidelines

Dropship vs wholesale: How should I choose?

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dropship vs wholesale
dropship vs wholesale

If you are looking for ways to make money online, then you must have heard the term “dropship”. It is one of the modes of online distribution, and it is often portrayed as an easy and new way to make big money fast. But before you really make up your mind to start a business, you’d better understand the difference between dropshipping and wholesale to find a more suitable business model.

What is Dropshipping?

dropship
dropship

Dropshipping is a method in supply chain management. Dropshipper does not need merchandise inventory, but sends customer orders and shipping details to wholesalers, who send goods directly to your customers. Dropshippers earn the difference between wholesale and retail prices. In the Drop Shipping consignment model, sellers do not need to worry about purchase and delivery, and they will spend more effort on the core issue of “how to sell goods”. Sellers can change the selling price on their own to maximize their profits. This model of consignment sales is very close to online retail, so more and more people use dropshipping to establish their own e-shops online.

It sounds easy and tempting, right? As long as you sell the goods, you can get enough profit. Many people think this is a simple and easy way to make big money, so the number of participants in the dropshipping market has increased over the past two years.

2020 dropshipping market status

Is Dropship dead? Is dropshipping still profitable in 2020, even in 2021? You’ll get the answer from google trends. It is still sought after by people. Due to the special circumstances of this year, the global e-commerce market has been further expanded, including dropshipping. There are more and more online buyers, and online payment is more convenient, all of which make e-commerce still develop in a good direction. Of course, it is undeniable that this also means that there are more and more competitors and the competition is getting fiercer. If you are interested in more details, and wanna to know how to start dropshipping step by step, don’t miss this article.

dropship trends from google
dropship trends from google

What is wholesale

wholesale warehouse
wholesale warehouse

Wholesale refers to all activities that occur when goods or services are sold to customers who purchase them for the purpose of reselling the goods or for business use. Wholesale means that you buy goods in bulk from wholesalers or manufacturers and resell them to consumers at retail prices. Generally speaking, the wholesale price is related to the quantity of products you wholesale. The larger the wholesale volume, the lower the price. Most of large wholesalers have MOQ requirements.

If you want to build a long-term business, this will be the first choice because you will have complete control of your e-commerce business. From product quality control to communication with consumers, you will participate in every part.

Similarities and differences between dropship and wholesale

Similarities

  • The concept of making money in drop shipping and wholesale is the same. What you earn is the price difference between buy and sell.
  • The target customers are the same. The customers of both are consumers.
  • Product selection is one of the most important steps in the operation of the two. Since it is aimed at consumers, choosing high-quality and best-selling products will greatly help sales. It is especially important for dropshippers.

Differences

  • The most direct and significant difference between dropshipping and wholesale is that droshipper does not need to stock up on goods in advance, which saves storage costs.
  • The buying price of dropship and wholesale is different. Since the wholesale price provided by the supplier is related to the quantity of the product, the price generally obtained in wholesale will be lower.
  • Dropshipper does not directly participate in product delivery and logistics.

Pros of dropship

  • Low barriers to entry. Dropship has no business experience requirements, and you do not need to know warehouse management, packaging and delivery, which means you can enter this industry at any time.
  • Low starting capital. You don’t need to invest too much money in product storage, transportation, and packaging, and you don’t have to worry about the loss of costs due to excessive storage of goods that cannot be sold.
  • It is easy to scale up. You are able to choose bulk different types of products to place in your online store for sale, and invest money in advertising to promote products and gain traffic, and expand the scale of sales.
  • Strong flexibility. Dropship does not need to deal with product delivery, packaging and other steps. It only needs a laptop and a smart phone to do your business at home. This model is particularly suitable for housewives, freelancers or part-timers.

Cons of dropship

  • Fierce competition. Every thing has two sides. Although low entry barriers are one of the advantages, it has also caused fierce competition in this industry and made it more difficult to sell products.
  • Unable to get the wholesale price. From the source, dropshipper has no way to control the price he/she gets low enough. The low price is what most consumers are looking for. This means that you may not have a competitive advantage in this area. If you choose to lower the price, your profit may be lower.
  • There may not be a stable source of customers. What dropshipper pursues is to use the best-selling products to make profits. The best-selling products and categories are constantly changing. Therefore, the products provided by dropshipper are often few and will be replaced every certain period of time. It is difficult to accumulate stable customer resources.
  • Too many uncertain factors. The convenience of dropship also creates many problems. Product quality, order execution, packaging, transportation, etc. are not in the control of dropshipper, but depend on the supplier. Therefore, once the product provided by the supplier has quality problems, or is out of stock, delayed delivery, etc., it is not friendly to your store.
  • Unable to establish your own brand. Branding is crucial in e-commerce, because shoppers tend to go to their favorite online stores first. The products distributed by dropship are all products provided by suppliers, and product packaging and thank you cards cannot be used to enhance your brand. This is not good for sellers who want long-term development.

Advantages of wholesale

  • Price advantage. You will be able to get better prices per unit for products purchased in bulk. The more items you buy, the lower the price per unit. For example, Nihaojewelry, although there is no minimum order quantity requirement, will also give discount prices to customers who purchase a large quantity.
nihao wholesale price
nihao wholesale price
  • Product quality assurance. Since the products are purchased wholesale and stored in your warehouse in advance, you will ensure the quality of each product, thereby reducing the possibility of disputes due to product quality and wrong delivery.
  • Stronger controllability. From product purchase to delivery, you are fully involved. Therefore, for product packaging, the delivery speed is more controllable. Thank you cards, discount coupons, etc. can also be placed in the package to increase the customer’s repurchase rate.
  • More professional. Generally, retailers will focus on products in a certain industry, unlike dropshipper, which sells most popular products in recent periods(Products in various industries may involve). Therefore, wholesale is more professional and easier to establish your own brand. The long-term cooperation with wholesale suppliers will be even longer.

Disadvantages of wholesale

  • The startup cost is high. Generally, there is a minimum order quantity requirement for wholesale, so you need to buy a lot of products as an investment, and you need a certain amount of space as a storage room. In addition, logistics, transportation, packaging and other procedures also require certain costs.
  • It may be risky. You need to have a certain estimate of product sales. If products are not selling well, some of your funds may be stuck in your inventory. In severe cases, it may even lead to loss of capital chain disconnection.

How to choose between dropship and wholesale

how to choose your business way?
how to choose your business way?

Which is better, wholesale or dropship? It varies from person to person. As mentioned above, both have their advantages and disadvantages. And you need to judge based on your actual situation. Try to ask yourself a few questions:

Do you plan to treat it as your future career?

If you want to engage in this industry for a long time and are willing to study, wholesale is more suitable.

What is your start-up capital budget?

If you don’t want to invest too much capital and are unwilling to take certain risks, dropship will be more appropriate.

How much effort and time will you invest in it?

Wholesale requires a lot of effort and time cost, because participation process is more complicated. Compared with dropship, it will be easier.

A full understanding of the advantages and disadvantages of these two modes may help you choose more favorably. If you are interested in dropship or wholesale, follow our blog for the latest information. If you have any related questions, please comment and discuss with us.

Business, Tips & Guidelines, Wholesale & Supplier

Top 10 dropshipping websites in China-Nihaojewelry/Alibaba…

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Top-10-dropshipping-websites-in-China-nihaojewelry-alibaba

Almost everyone you meet these days has shopped or made a transaction online, and this can be attributed to the availability of systems that facilitate the transfer of goods and services through online channels.

The major factor that has led to the rapid growth of the eCommerce sector is the increase in internet connectivity, which has resulted in more businesses moving online to catch up with the changing times.

The increase of e-commerce has also caused an increase in the forms of doing business online and among them is drop shipping which is an order fulfillment method where you will act as a link between the supplier and the customer.

Though relatively new, the dropshipping model of eCommerce is quickly gaining popularity amongst online businesses.

What is dropshipping?

Dropshipping is an order fulfillment method where a business obtains goods from a third party supplier who ships the products directly to the customer.

In dropshipping, a business will run without any stock by sourcing products directly from the supplier who then handles all the packaging and shipping processes.

It is common for people to assume that dropshipping is a get rich quick method of doing business since you do not require so much to start and run your business, this is far from the truth since a lot goes into the running of the business as you are responsible for linking the customer to the supplier and vice-versa.

This business needs a lot of prior research seeing that you will have to trust the supplier to handle the majority of processes in your business.

With almost 23% of all online sales being those that are done through dropshipping, the model of doing business is quickly gaining popularity across the world this can be attributed to the simplicity of the model and the ease of starting and running a store.

For manufacturers, dropshipping is a perfect way to sell goods without having to worry about reaching customers and so a lot of effort will be put in producing goods that can sell fast.

To be successful in dropshipping, you will first need to do thorough research to find out how the business can run successfully to make you profits.

The business model also uses various tools to run and you have to be aware of the best tools to use in your business.

Generally, the most common steps that you can use to start on dropshipping include:

  • Select a niche– when starting, you may be presented with numerous options on the type of goods to sell, and you may decide to sell different types of goods but this is not always a good idea. Finding a niche helps you filter out the numerous options to find one that works best for you, and also makes it easier for you to run a successful business since you will most likely know more about a particular line of products that a whole selection of products.
  • Find a supplier– in the dropshipping business model; the supplier is usually the heart of the business as they are responsible for almost all the operations that are needed to ensure the product reaches the customer. Finding a trustworthy and reliable supplier is important if you want to run a successful business.
  • Set up your website– a website enables you to efficiently run a dropshipping business since all the transactions are made online. Having a website is important as most customers will be directly linked to suppliers through your platform. When starting, you can use the plug and play options available and later move to host your website once you are more established.
  • Market your products– the whole dropshipping business revolves around marketing since you will only make a profit from the sale of items. Marketing is an important aspect of any successful business as the more the customers the more the sales.
  • Establish a brand– the brand association is especially important to the younger generation of buyers, and since they are the ones buying the most, you may need to set up a brand that they can easily purchase.

Top 10 dropshipping websites

Nihaojewelry

Nihaojewelry is China’s top dropshipping website that deals majorly in fashion jewelry and accessories.

The company also offers a selection of women’s clothing, shoes, handbags, swimwear, and creative products among others.

with no minimum orders and efficient shipping, Nihaojewelry is the perfect choice to start your dropshipping business from anywhere in the world.

Since Nihaojewelry is an OEM and ODM manufacturer for a variety of well-known businesses, you will be assured of quality goods at affordable prices. Should you encounter any challenges, the customer support service is readily available to ensure that your order goes through seamlessly.

Aliexpress

Formed in 2010 from the parent company Alibaba, Aliexpress is an eCommerce website that hosts a variety of suppliers across China and Singapore and connects them to customers all around the world.

Since the website has a large variety of suppliers you can get a wide selection of products at affordable prices.

Aliexpress works with trusted dropshipping suppliers to ensure that you easily run your business, by making sure you get the best price on the products you choose for your business.

Dealextreme.com

Established in 2005, Dealextreme or DX is an eCommerce website that offers over 1000 categories of products and 210,000 items.

DX offers the best prices on products and an attractive warranty of 90 days for defective products. In case of any problems, the customer care team is available 24/7 to ensure that you get the best experience when shopping.

DHgate

DHgate is among the leading suppliers of quality and affordable consumer products.

With over 22 million product listings, DHgate allows you to have access to a variety of product choices at highly competitive prices.

DHgate works with some of the best shipping companies to facilitate efficient shipping across the world.

Made-in-china

Made-in-china is a website that offers a variety of products from accessories, clothes, household items, and industrial supplies among others.

The website acts as a link between Chinese suppliers and global buyers by offering quality products at affordable prices.

The platform conducts reviews on suppliers to ensure that the customers get reliable services.

Bangood.com

Bangood .com is a B2B eCommerce platform that allows customers from all over the world to access products from suppliers around China.

The website consists of reliable suppliers who undergo a rigorous selection process to ensure that the quality of products and services you get is the best.

The website also hosts a variety of the best shipping services to enable the efficient transfer of goods.

Chinavasion

Founded in 2004 Chinavasion is among the best e-commerce platforms in China that offer convenient logistics and quality products that are sourced from a trusted pool of suppliers.

The website offers affordable prices on goods and professional customer care services to enable you to have a smooth shopping experience.

Light in the box

Lightinthebox.com offers a variety of products from three different categories that include apparel, home and garden, and accessories.

The products that are listed are affordable and of good quality.

The website also allows you to customize products for better customer experience.

Tmart

Tmart is an online marketplace that offers a wide selection of consumer electronic products at attractive prices.

The website enables customers to get reliable services and quality goods for optimal customer satisfaction.

Wholesale 7

Wholeale7 is a website that deals with women and men’s clothing, shoes, and accessories.

The products offered are trendy and unique to ensure that you get maximum profit after sale.

The website offers a reliable customer care service that is necessary for a smooth shopping experience.

Benefits of dropshipping

benefits of dropshipping

Like all businesses, dropshipping has its negative and positive attributes and for anyone who is starting, you must research widely to ensure that you have all the necessary information you need.

Some of the benefits of dropshipping include:

  • Low capital requirements– the dropshipping business is mostly run online and without having to purchase any stock making the cost of starting to be very low as compared to other businesses.
  • Flexibility– since the business runs online; all you need is an internet connection. This means that you can run your business from anywhere in the world, with no limit on the number of hours you can work.
  • Fewer risks involved– since you do not deal with inventory, the risk of a bad stock is greatly reduced as you will only sell the products that the customer requires.
  • Wide geographical reach– the good thing about eCommerce is that with good marketing, you can easily expand your business to cover a wider customer base which translates to more profits.

Take a chance on dropshipping

If done right, dropshipping is a way to earn you a sustainable income, but this means that you will have to work towards making your business successful.

Though most of the work is done for you, your business will only be successful if you put in the time and effort.

Business, Marketing Technique, Tips & Guidelines

Are there Dropshipping Tools to Help Business Become Better?

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10 dropshipping tools

Everywhere you go in the world, you will often hear people saying that they want to start a side hustle to supplement their main income; this may be due to the increased cost of living, or the need to have an additional source of income.  

Most people opt for side hustles that are somewhat passive and those that don’t consume a lot of time and capital and so they will try to find a business that can run despite their busy schedules.

Dropshipping has become among the most preferred business models as it offers a way for you to do business without necessarily having to hold any inventory while having flexible working hours.

What is dropshipping?

Dropshipping is an order fulfillment method that allows you to conduct your business without having to hold any stock.

In a dropshipping model, a seller will purchase products from the third party who is often the supplier or manufacturer, and have it shipped directly to the customer.

The business owner will often act as a middle man linking the supplier to the customer and the customer to the products.

To people new to the business, dropshipping may seem hard but in essence, it is a business model that can allow you to run your business without having to hold inventory.

This fact makes the business cheap to start and easy to run compared to the other business models.

This may be because you don’t need a lot of capital to buy stock and find a store for the products.

Running an eCommerce business is not easy especially if you have to be responsible for packing and shipping products, managing inventory or handling returns, and managing the level of stock.

Dropshipping is one of the easy ways to get into e-commerce as most of the “hard work” is done for you since the supplier is responsible for how the product reaches the customer.

Since you do not need to have a physical store to run your business, you can easily have your business running from any place and with very flexible working hours.

In dropshipping, you only need to be in communication with the suppliers and the customers and because the business is mostly online, you can run it from anywhere as long as you have an internet connection.

Dropshipping allows you to have a selection of products to sell; this is mostly because you do not need to purchase any stock and so you have a wide array of choices.

This is an important aspect especially in the fashion business as fashion trends change rapidly and so you constantly need to update your products.

Since the dropshipping business is mostly conducted online, you can easily scale up the business to reach more customers throughout the world.

You will need to first find a supplier who ships products to wider geographical locations and then you will have to find ways to market your business through various online channels to ensure that you are visible to potential customers.

tool dropship

How to be successful in dropshipping?

Dropshipping is fast becoming a highly popular business model especially among the millennials and generation Z, who are widely conversant with the online marketplace.

Since the business does not require a lot of capital, it is relatively easy to start and run because you do not need to purchase any stock.  

The various factors to consider if you want to be successful in the dropshipping business include:

Select a niche

Selecting a niche allows you to be very particular on a product that you are interested in.

By selling a product you are interested in, you will be conversant and aware of the various market trends and you will also be less likely discouraged in case the business does not go as expected.

Research the market

The online market place consists of a wide range of businesses and when choosing a business, you will probably find other people already in the market.

You, therefore, need to carefully consider the market and your competition so that you can set up your business to provide products that will earn you profits.

Find a supplier

For a dropshipping business to be successful; you need to find a good supplier to work with.

The supplier is the most important component of the dropshipping business as the whole operation is dependent on them since they are responsible for providing and shipping the product to the customer.

Set up a website

Since dropshipping is based online, you will need to set up a website to run your business.

The website should be detailed and easy to use to give your customers information on the products and allow them to make purchases.

Market your business

Marketing is the only way to attract customers to your business.

Marketing has currently been made easy with the availability of social media which makes it possible for you to make customers aware of your business without having to pay money for advertisements.

Are there Dropshipping Tools to Help Business Become Better?

The answer is YES! And on the rest of this page, the 10 best dropshipping tools will be shared. Get them all, and it will let your business get better.

Dropshipping tools are automated systems that are used to run a successful business.

The tools constitute the various processes that can be used to generate emails and process orders along with various other customer support services.

An efficient dropshipping tool is one that will help you run your business without much hassle.

Some of the highly recommended dropshipping tools include:

Google trends

This is a tool that can be used to analyze market trends to help you know the best products to sell.

The system allows you to find the product niche that has the highest volume of sales, which is important if you want to make profits.

The tool also helps you create keywords related to specific searches which are necessary if you want to gain more traffic.

Inventory source

Inventory source is software that enables you to manage your inventory and order routing.

The software automatically uploads products and links orders virtually to various suppliers.

The software contains pre-built supplier interrogations and full data on various products.

camelcamelcamel 

This is an Amazon price tracker that provides dropshipping businesses with information on the price history for various products, including price drop alerts and price watches.

This is useful as it helps dropshipping businesses find the best selling products that can easily sell to make profits.

Auto DS

Auto DS is an all-inclusive dropshipping automation tool that is used to monitor pricing, automate orders, find product listings, and offer customer support.

The software can also be used to track your business performance by providing clear graphs with information on your sales.

My profit

My profit is an app that is used to provide dropshippers with statistics on the profits for your dropshipping business.

The app tracks your sales on eBay and calculates the profits that you have made which are important to note if you want to find how the business is performing.

Canva

Canva is a great tool to use if you want to customize your website, the app can be used to boost the images in your product listings to help you have a unique website.

If you are doubtful of your graphic skills, Canva is a tool that can help you easily edit your website to make it unique.

Woocommerce

This is a customizable e-commerce platform that can help you build your online business.

Woocommerce is a WordPress plugin that can be used to host your dropshipping store.  

The platform is highly popular since it is easy to install and customize.

Dropship.me

Dropship.me is also a WordPress plugin that allows you to get the best products along with professionally edited images and quick product searches.

Dropship.me saves you time on editing and product research making it easy for you to set up your business and make profits.

Alidropship

Alidropship enables you to successfully start a dropshipping business by offering you a one-click import feature that allows you to access products that are available on Aliexpress.

The plugin allows you to connect with suppliers of the bestselling products to enable you to run a successful dropshipping business.

Doba

This is a dropshipping tool that is essential in a dropshipping business as it helps you to find the most profitable products for your business.

With Doba, you will have access to a wide variety of products from different marketplaces along with notifications of products that are out of stock so that you can remove them from your store.

The tool will also provide you with information on the performance of various suppliers to allow you to choose the best supplier for your products.

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Conclusion

The dropshipping business model is increasing in popularity throughout the world; this is because it is the easiest business to start as you will require low amounts of capital to start.

Despite the ease that the model offers in starting a business, you will need to conduct thorough research on the best way to run your dropshipping business and this can be through selecting the best tools to use.

The dropshipping tools are meant to make it easy for you to run your business and so you need to choose tools that you can easily use to make profits.

Marketing Technique, Tips & Guidelines, Wholesale & Supplier

6 Easiest Ways to Start Shopify Dropshipping With no Course

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Small businesses are available everywhere and are a major part of a growing economy.

Most small businesses serve market niches that big mass production industries do not reach and hence play an important role in reaching the wider market.

Small businesses oftentimes require little capital to start and are run by a small number of people making the business easily adaptable to changes that may occur compared to large industries.

The businesses are also flexible enough and most times they can be used to supplement regular incomes for most people.

Dropshipping is one of the recent small online business models that are gaining popularity in the world with more and more people using it as a way to earn money hassle-free.

Easiest Ways to start Shopify Dropshipping with no course

The current state of small businesses

In all parts of the world, small and medium-sized enterprises make up a huge percentage of the GDP in most economies.

For most entrepreneurs starting and managing a small business enterprise is among the best ways to earn an income and since the business does not require a lot of capital, fewer risks are involved.

Most people will get into the small business enterprise to break free from the normal working conditions which are in most cases not the best places for personal financial growth.

The need to grow has resulted in more and more people being attracted to the concept of small businesses.

Since small businesses are run by fewer individuals compared to other larger enterprises, it is easy for them to be flexible to changes that may occur.

With the pandemic, most small businesses have suffered huge losses with some being forced to close down.

But there is some form of optimism that the business will bounce back to normal and even keep growing as projected.

The allure of starting a small business goes beyond the need for supplementing incomes for most people.

Some other advantages of starting a small business include:

  • Low initial capital– a small business does not need a large amount of capital to start. The capital required is mostly dependent on the type of business and the amount of capital you are willing to put in to start the business.
  • High growth potential– Since you are starting small, the growth potential is tremendous in a small business, you have the option of either maintaining the level of business as is or you may choose to expand if you wish.
  • Low overhead costs– A small business does not require a lot of money to operate. Since you can run your business independently you can choose to set up your business online or go with the traditional brick and mortar way. Either way, you will incur less overhead costs compared to a large enterprise.
  • Easy to adapt to changing market conditions– In most instances, the market, especially for goods, is dictated by trends. Since the trends change rapidly, the small businesses are well suited to adapt to the market changes that may occur.
  • Easy customer interactions– most small businesses cater to a specific market, and this makes it easy to interact with the target market to find out their needs and address their concerns.

What is Shopify’s dropshipping?

In dropshipping, a retailer transfers customers’ orders directly to the manufacturer or wholesaler who then ships the products directly to the customer.

Dropshipping is an order fulfillment method that allows a retailer to supply goods without holding inventory.

This means that you will need very little capital to start and since the business is mostly online, there is no need to have a physical store.

Shopify is an e-commerce platform that offers retailers with online services that include marketing, shipping, and payment services for a variety of goods to help make the process of running an online store simple for most small businesses.

If you want to break into eCommerce, using Shopify will enable you to easily access the tools that are required to run a store.

Being one of the popular eCommerce platforms, Shopify offers well-developed features that will enable you to run your online business.

The platform works by allowing you to run a store without paying any website hosting fee which is rather expensive.

All you need to do if pay a monthly fee and your business will run without any problems.

When using Shopify for dropshipping, the need for excess inventory will not be an issue as you will only purchase the products that your customers need.

This is unlike directly working with suppliers or wholesalers who may want to sell you their products in bulk.

dropshipping banner

How to start a Shopify dropshipping with no course

Shopify has made it easy to start a dropshipping business by providing a platform you can use to set up your store.

If you are unsure of how to start a Shopify dropshipping business, the platform offers a free trial period along with a set –up guide to help you start your business.

The guide consists of tutorials that will enable you to successfully set-up the store easily.

 The steps to take to start Shopify dropshipping include:

  • Register for a Shopify account– to begin using Shopify, you will need to set up an account on the platform by registering using your email address.
  • Have a store name– when choosing a name for your online store, you will need to be creative to allow customers to easily identify and remember the store.
  • Optimize your Shopify account– this is where you will need to personalize your account details based on your preferences. This will include payment options and store policies along with the shipment options and rates.
  • Set up your dropshipping store-after you have optimized your account, you will need to add online stores to your selected sales channels.
  • Design your dropshipping store– to be able to stand out you will need to personalize your online store with specific logos and themes to help you stand out as the platform is used by many other businesses.
  • Market your store– setting up the online store is one thing, but the main core of any business is getting customers and this is where marketing comes in. You can take advantage of the numerous social media platforms to market your products to enable you to make sales and therefore earn profits from your dropshipping business. Test out various marketing strategies to find out which best works for you.

Dropshipping suppliers

Finding suppliers is an important part of a dropshipping business. The suppliers provide the product that you need to sell and ship the products to the customers therefore, finding a reliable supplier is essential for a successful dropshipping business. Some of the recommended reliable suppliers for any dropshipping business include:

Nihaojewelry– Nihaojewlery is a trusted supplier for a variety of jewelry and fashion accessories. The company is a manufacturer of high quality and trendy jewelry pieces at affordable prices. Nihaojewelry can be trusted for any dropshipping business as the company boasts of reliable and fast shipping of products all over the world. The Nihaojewelry website is easy to use and with the efficient customer care services offered, all questions you may have will be answered efficiently to ensure that you are satisfied with the services being offered.

Aliexpress- Aliexpress is a platform that offers a variety of goods at very affordable prices. The website offers dropshipping options for goods from a variety of suppliers who are available on the platform by facilitating the fast shipment of the products directly to the customers. Since the platform contains a variety of suppliers, the options for products is also wide.

Salehoo– Salehoo is an online platform that connects you to a large online directory of suppliers for a variety of products. With a membership fee of 67$ yearly, you can have access to dropshipping services for products from a variety of suppliers who are found on the website. Due to the high number of suppliers on the website, most of the products are affordable which makes it easy for you to make profits after sale.

Oberlo- oberlo is a platform that allows you to import products that have been drop-shipped from Shopify directly to your eCommerce store and shipped to the customers. The platform makes it easy for you to handle your online business without thinking about packaging, inventory, or shipping. The site provides a Shopify link to a variety of suppliers and this means you will have access to a wide range of products for your business.

Conclusion

Every small business has its advantages and disadvantages, to be able to make profits, you need to carefully study the market and identify a particular niche of products that can sell easily.

Identifying a niche will also come in handy when you are searching through suppliers as you will easily narrow down to a specific set of suppliers who you can use to source for products.

Since the suppliers are the heart of a dropshipping business you will have to carefully research the most reliable supplier in the market to avoid disappointments as you will not directly deal with the process of packaging and shipping of the products.

Business, Tips & Guidelines

How Can I Start a Dropshipping Business for Free?

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Dropshipping has recently become the most used form of e-Commerce with a majority of people opting out the traditional forms of doing business for dropshipping.

The concept of dropshipping is one that enables you to conduct business without having to hold inventory. The business involves the purchase of goods from a third party who then ships the goods directly to the customer.

start a dropshipping business for free

Dropshipping is an order fulfillment business model that involves three key players the manufacturer, the retailer, and the customer. With the world progressively shifting focus to the online platforms, dropshipping offers an easy and convenient way to start and run a supply business.

Benefits of Dropshipping

Everybody you know has at one point or another bought goods or transacted business online, this is probably why the e-commerce sector is one of the fastest-growing industries in the world.

As the internet connectivity around the world increases and more people are having access to smartphones, buying goods and transacting businesses online has become an easy and convenient thing to do.

Gone are the days where people had to work into a store to buy products or travel across countries to search for the stock for their businesses, as the world progresses we should also expect better and improved models of online business.

Dropshipping is a business model that has a variety of advantages which include:

  • Dropshipping is a business that does not need you to hold inventory and this minimizes start-up costs as your business is less susceptible to losses that may be incurred due to holding an inventory, the losses can be brought about by changing trends.
  • Dropshipping reduces the hassle for having to package products and ship them as the work is already done for you.
  • Dropshipping offers the flexibility of doing business as you can conduct business from anywhere and have customers from all around the world.
  • Dropshipping also offers a wider product selection as you can sell a variety of products online without having to hold inventory.

How to Start a Dropshipping Business with No Money?

dropshipping business

Most people have an idea about the whole concept of dropshipping and the question on most people’s minds is how much it costs to start a dropshipping business. Though you do not need a huge amount of capital to start dropshipping, you do need to have some money for an initial investment.

Like any other business dropshipping needs you to be committed and research on the best way to conduct your business. Some of the steps outlined to starting your dropshipping business with no money include:

Identify Your Niche

Identifying a niche of products that you intend to sell is an important part of the dropshipping business. This will help you identify a product from a wide selection of choices and to do this you will need to research the product to find which is the most viable to enable you to make profits.

Finding a product that you are passionate about is the first step of choosing a product among a wide selection of products this will also enable you to know about the product and how to market it to your potential clients.

One of the ways you can use to find a niche product is by identifying the bestsellers on different e-commerce platforms such as Amazon.

Create an Online Store

Having an online store is the basic requirement for any dropshipping business. After you have identified a product, you need a place where the customer will have access to the products you are offering.

For a beginner, all you need to do is sign up as a seller on any of the available e-commerce platforms such as Amazon, Shopify, or eBay among many others.

Most of these platforms allow you to start up for free by the time you start on the monthly payments your business will have already made some profit which you can use to pay for the subscriptions.

Some sites like Shopify or woo-commerce are recommended If you do not want to spend any money starting a store because unlike the rest, you do not need to include your card details to start your free trial and in case you do not make any sales, you may opt-out of the site.

Find a Supplier

The whole dropshipping business model is based on the supplier, this fact makes finding a supplier the most critical part of the business as they are responsible for the smooth running of your business operation.

As we have found out, the supplier who can be the manufacturer or the wholesaler ensures that the product is available for shipping. Finding a supplier involves conducting thorough research to find the best fir for your business. The supplier should be well trusted and have quality products that should be delivered at the specified time.

To be able to find a reliable supplier, you can browse through the numerous online directories of wholesalers, and once you have identified one that you can work with interact with them and know how they do their business. Ensure you also read on the reviews to get the account of previous buyers.

Invest Your Time in the Business

The dropshipping business is one that needs you to be in constant communication with either the customer or the supplier depending on the stage of operation the product is in.

As opposed to investing so much money you may only need to invest your time to grow your business. This will enable you to know about how to successfully operate the business and help you know your customers so that you will be able to make the best decisions.

Investing your time will also allow you to make decisions that are critical for the success of the business by helping you to develop the best skills that will make you better as an entrepreneur.

Market Your Business

Marketing often serves as the icing on the dropshipping cake. To get more customers you will need to identify a marketing strategy that will allow you to reach a wide range of people.

When starting, social media should be your first choice to market your business, first setting up a social media account is free and as long as you choose to market your product on your own, you may not have to spend a single penny on marketing. If you want to go all out you can opt to use affiliate marketing options to get your business out.

5 Best Dropshipping Websites

As we have discovered, finding suppliers are the backbone of dropshipping business, and therefore finding a good supplier is paramount to the success of your business. Below are some of the best suppliers you can find for your business:

Nihaojewelry

Nihaojewelry is a top supplier for fashion jewelry and accessories along with a selection of women’s clothes handbags and shoes among other products.

Nihaojewelry offers the best quality products at affordable prices to enable you to start up your business and make profits. Nihaojewelry offers the best dropshipping services by allowing you access to an updated website of products which you can easily get access to the market.

The company will also provide you with quality products that will be delivered on time to allow you to run your business efficiently. Their helpful customer care representatives will also ensure that all your concerns have been adequately addressed.

Oberlo

Oberlo allows you to find a variety of products to sell online by facilitating easy access to products from a variety of suppliers. The company ensures that your products will be packaged and shipped to your customers hassle-free. Oberlo links businesses to the Shopify stores where customers can find and purchase products.

Salehoo

Salehoo offers a variety of suppliers and products at affordable prices to help you start your business. The platform provides efficient customer care services to help you along the dropshipping process.

Mega goods

Mega goods inc. provides a wide range of high in demand items to enable you to efficiently run your business. The company specializes in dropshipping services and provides fast and efficient processing of items and reliable service to help you conduct your business.

Wholesale 2B

The site offers a variety of products to dropship and links you to a range of suppliers. The site also allows you to download images to use for your store and offers the option of free registration and automated drop ship solutions.

Conclusion

Dropshipping offers an easy and efficient way to start an online business. Once you have identified a niche all you need to do is to find the best supplier to work with and ensure that the products you supply will be of good quality.

Dropshipping allows you to have easy access to a wide market range and enables you to conduct your business from any place. If you are looking for a business that is hassle-free and that requires minimum capital, dropshipping is the way to go.

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Must-know Things about Dropshipping Thailand

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Dropshipping is a business model that allows you to run your business without having to hold inventory. In dropshipping a business person finds a list of suppliers for a product and engages them leaving the responsibility of packaging and shipping of the product on the wholesaler.

dropshipping Thailand

Recenlty, dropshipping become more and more popular in southeast Asia countries, especially in Thailand. After read this article, I hope you can know about dropshipping Thailand.

The Popularity of Dropshipping Thailand

As we have discovered, dropshipping is an easy and cheap way to start a business hence most people tend to prefer it over other methods of business.

The dropshipping business has recently become popular among very many countries in the world and Thailand has not been left behind. Thailand is a country in South East Asia that has a population of 69,788,785 million people as of June 2020 based on a UN report.

Of this population, there are over 50 million internet users in Thailand today. This has therefore led to the growth of the E-commerce platform in the country.

The introduction of 5G networks is also expected to improve the interaction between buyers and sellers online which will make the online market place more efficient.

Dropshipping is one of the business models that is gaining popularity among most business people in Thailand. The closeness of the country to the Chinese market which is among the leading markets using the dropshipping model has greatly contributed to the inception of this model of doing business.

Even though it is gaining popularity dropshipping has some cons, as any other business model would have some of which may include:

High Market Competition

If you are just starting, you will have to contend with a wide range of competition who will be selling the same product as you.

No Control Over the Supply Chain

Most of the dropshipping business is done by the supplier hence as a retailer you have little control over the operations that take place about when and how the product will reach your customer.

Low-profit Margins

Since you do not hold inventory for the products you sell the profit margins from the business and the overhead is usually low. The less money you put the less you will get.

Top 5 Wholesale Platforms in Southeast Asia

The wholesale business is among the top business models that operate in South East Asia. Some of the tope wholesale websites include:

Nihaojewelry.com

With a customer rating of 4.5 out of 5 Nihaojewelry is one of the best wholesale jewelry websites in the world. The site is preferred by a lot of businesses from around the world. The company boasts of a range of products to choose from with new products being added daily.

Nihaojewelry is a trusted drop shipping service that is used by a wide selection of business people, the customer care services are efficient and you can get help in case you need it anytime.

The shipping services offered are efficient as the product will be shipped on time and without any manufacturing errors. Both products sold are of good quality cheap making it easy for you to make profits easily.

This is one of the sites I would highly recommend for wholesale services.

Aliexpress.com

Aliexpress is one of the world’s leading platforms for online buying and selling. The site is one of the most popular sites that offer a one-stop sourcing platform with millions of products being sold. The main aim of the company is to ensure that they develop services that will help you do business.

DHgate.com

DHgate is a Chinese B2B website, with a huge variety of products that facilitates the sale of products from suppliers to retailers. DHgate offers a buyer protection plan and a secure refund policy with a guarantee of express shipping of products.

The site may offer a lot of options to choose from and one can easily get access to a list of suppliers as well.

Chinabrands.com

Chinabrands is a dropshipping and distributing platform that offers a selection of products sourced in the Chinese markets to choose from.

The platform has long helped a lot of sellers to establish their business over the years with a customer base of over 3000 suppliers.

Chinabrands offers cross border E-commerce solutions across online sellers from all around the world. The site is easy to use and the products are sold at affordable rates.

Orbelo.com

The site is quick and easy to set up and contains a fully hosted product site with dropshipping options from suppliers all over China. The site allows you to do business with verified Orbelo suppliers and Aliexpress suppliers.

This merge offers a wide variety of products to choose from and a long list of suppliers you can work with.

How to Start a Dropshipping Business for Beginners?

dropshipping

Dropshipping like any other business can be both profitable or disastrous if you do not know the right steps you can take to start. Some of the steps that may help you as a newcomer in the business include:

Identify a Product Niche

This is the first step to starting an online dropshipping business. You need to identify a product that you can easily sell in the market and one that you are passionate and knowledgeable about.

Conduct Research

Research will help you identify the competition and the current market trends. This will help you in setting up market prices and know the product the customer will prefer.

Identify a Supplier

Identifying a supplier is the most critical process in starting a dropshipping business as the supplier is responsible for almost all of your operations. Choosing a reliable supplier will involve a lot of research and a thorough vetting of selected suppliers.

Build Your Website

A website is important as it allows you to create your brand which customers can easily relate to.

Market Your Products

In the dropshipping business your customer base will determine your profit margins. The more the customers the higher the profits. Ensure that your marketing plan will lead to attracting more customers to succeed.

FAQs about Dropshipping in Thailand

Is dropshipping popular in Thailand?

Being an Asian country, Thailand has seen a high rise in dropshipping as a business model.

Is dropshipping legal in Thailand?

Yes, dropshipping is legal as it is a business model used for E-commerce.

Is dropshipping profitable?

The profits you can get from dropshipping depend on your customer base hence the more the customers the more the profit.

Is dropshipping easy to start?

With a lot of research, you can easily find suppliers who you can use for your business. The fact that you do not need to hold inventory makes it an easy and cost-effective business to do.

Conclusion

As with any other business, your dropshipping business will succeed according to the amount of research and work you put in. Though most people refer to it as passive income a lot of research has to go into setting up the business if you want to succeed.

The ability for you to sell a product without holding any inventory is a very attractive option of doing business and that is the reason dropshipping is growing as a preferred business model.

For a dropshipper in Thailand it is important that you study the market trends in the country so that you can know which product you can offer that will give you profits.

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How to Start a Successful Online Dropshipping Business?

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There’re more and more types of online business, dropshipping is one of the most popular types in online business. If you want to start a online dropshipping business but have no idea, then you’re at the right place.

What’s Dropshipping?

dropshipping

This is a type of supply chain management or retail fulfillment method where products are purchased from a third party supplier instead of being stocked.

The retailer usually opts to transfer the customer’s orders and shipment details to either the manufacturer or wholesaler who then directly ships the product to the customer.

Today, dropshipping is one of the most profitable E-commerce models in the world. It gained much popularity in the beginning of the dot com era. In this era most mail order catalogs were transformed into E-commerce stores.

During the beginning of the Ecommerce period, two major companies that revolutionized how online buying and selling was done were eBay and Amazon.

The idea of going online and creating your own store was made easier as you could now list your items on the site and have them push them on your behalf.

The three key players of a successful dropshipping business are the manufacturer retailer and the customer. The manufacturer’s role is creating products, carrying inventory and shipping the products on behalf of the retailer.

The retailer sells the manufacturers product on your own website under your brand name. The retailer then markets and ships the products to the customer at a profit.

Dropshipping has changed how business is done as it does not demand as much as the traditional retail model. Most entrepreneurs prefer the dropshipping model of doing business as it requires less money and hassle to start. The merchant only needs to gain customers and process orders.

Why is Starting a Dropshipping Business a Good Idea?

Starting a dropshipping business is a great first step to successful entrepreneurship. This is because you are able to sell products to customers, set your prices and even start your own brand.

There is no need to pay for inventory until the product is sold to the customer. Some of the benefits of the dropshipping model include:

It is a Cheap and Easy Way to Make Money Online

With dropshipping you can control how much money you make and your business hours. Here you have the liberty to set your own prices and control your market. The more you market your product the more money you make.

Less Capital is Required

Dropshipping makes it possible for you to launch an ecommerce store without having to invest huge amounts of money to start with for inventory. In this model you do not have to purchase a product unless you have already made the sale.

As there is no need for inventory purchased up-front unlike the retail business, there is less risk involved.

Easy to Begin and Operate

Due to the fact that you do not have to deal with inventory, there is no need to deal with physical products. You do not need to worry about managing and paying for the warehouse, tacking inventory or handling shipments.

Offers Flexibility

As with all online businesses, dropshipping is a flexible form of operation as you just need the internet to run it. As long as you know how to communicate with the suppliers and clients the business can be run from anywhere.

Wide Selection Products

Since you do not have to pre-purchase items, you can sell an array of products to customers. Immediately suppliers stock an item you can list it for sale at your store at no additional costs.

Hot Products for Dropshipping Online

hot products

In order to find products that can easily sell online a seller should be able to find a popular product but make it unique to your store, the price points of the products should also be competitive to ensure your products are favored among a wide selection.

You can also opt to scale down to a specific niche. This can be done after studying the market and observing the products that are unique but are also on high demand. While selecting a product choose one that will have higher profit margins.

Selecting a reliable supplier is also an important factor to consider when choosing the type of products as they are responsible for the success of your business. Once you have vetted the supplier and found them trustworthy you will have peace of mind knowing that your clients’ needs are met.

The most sought-after products in dropshipping deals include those that are affordable and useful to the user while still being appealing. The other categories of hot products are those that are unique and the ones that are functional regardless of the price.

Some of the hot products for dropshipping include:

  • Power tools
  • Drones and accessories
  • Electronics
  • Lifestyle products
  • Tech supplies
  • Beauty and health supplies
  • Fashion jewelry and accessories
  • Health and fitness accessories
  • Shape wear
  • Yoga mats
  • Workout gear
  • Masks and hand sanitizers(recent purchase)
  • Watches(smart and analog)

5 Steps to Start a Successful Online Dropshipping Business

steps

With dropshipping being the most modern and popular business model for entrepreneurs, here are some useful tips on starting a successful online dropshipping business:

Find a Niche

This is the first step that is required when starting a dropshipping business. Finding a niche allows you to focus on one product which you can curate and make to be unique.

Finding a niche enables you to avoid difficulties that you may encounter if you have a wide range of products that you are not passionate about.

Conduct Market Research

Market research allows you to scale down on the competition and hence find ways to easily and profitably get into the market by attracting wide variety of clients. Market research allows you to know the type of market for product and the price points that you can sell the products with.

Find Suppliers

This step is very important in any dropshipping business as the suppliers are the heart of the whole operation. If you take time to find and vet your suppliers, you can be assured that your whole business will be smooth sailing.

Build a Reliable Website

As this form of business is mostly online, your presence in this space should be carefully designed to ensure the customer has an easy time when trying to purchase an item. The website should be updated with the latest images and clear description of the products.

Create a Reliable Marketing Plan

This ensures that you get hold of target clients; this may be through ads, networking, and online campaigns. This step is important as the more you make your presence known the more people will want to find out about your products and purchase them.

5 Reliable Suppliers for Dropshipping Business

Nihaojewelry

Nihaojewelry is one of china’s top dropshipping wholesalers in the world. With a wide variety of products to choose from the company prides itself in being reliable, fast and efficient in connecting your clients to the various products that are offered.

The website is up to date and easy to use which allows you to have a smooth buying experience. With a worldwide reach, Nihaojewelry is a one stop shop for all your fashion accessory needs.

Aliexpress

The company offers both dropshipping and online retail services. Aliexpress offers a wide range of products at affordable prices. It also offers small order quantities which are great for testing product ideas without incurring huge costs.

With limited investment required upfront, Aliexpress is perfect for starting out as you can be easily up and running within a short period of time and have access to a variety of products.

DHgate

The site offers a wide selection of Chinese suppliers to choose from. DHgate is easy to join and within no time you will be connected to a variety of sellers. The company ships worldwide so wherever you are you can trust that you will be able to access a wide range of products.

Wholesale 2b

Founded in 2004 in the US ,wholesale 2b is a site with a directory of over 100+ dropshipping companies and a wide range of products. Automated with solutions that synch your inventory orders and tracking, wholesale 2b ensures that all your orders are fulfilled in due time.

Esources.co.uk

This Company was set up in the UK in 2005 and since then it has been essential in providing sellers with a huge selection of products, along with a large number of dropship suppliers.

The site also offers excellent customer service and provides its members with premium resources by ensuring customer trust by vetting each member to ensure they are genuine.

FAQS about Online Dropshipping Business

How do I start a dropshipping business?

By selecting a niche and performing market research on the product you want to supply it is very easy these days to start a dropshipping business. There is also a lot of information regarding suppliers online that you can use.

Is dropshipping profitable?

If you supply products that are unique and are in high demand it is very easy to make huge profits in the dropshipping business.

How much capital is needed to start a dropshipping business?

The amount of capital that is needed varies depending on the product you want to supply therefore it is important to research on a product and how much it can cost to supply.

Is dropshipping a legal business?

Yes. Dropshipping is merely a fulfillment model used by global retailers and is perfectly legal.

Conclusion

With the increase in access to online platforms, dropshipping has become one of the easiest ways to ensure that you buy and sell product hassle free. Though hard work is required when starting a business, dropshipping offers some relief as the seller does not have to handle the product personally.

Though this may require a level of trust within the supplier and retailer, thorough research will enable you to have it easy while performing using this business model.

Want to Know More:

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