What is DROPSHIPPING?
So guys dropshipping is a kind of business model that gives an anthropuner like us a chance to do business online. In which we do not keep any kind of products in stock and buy our e-commerce site store online. And by promoting it, you can sell products.
If I tell you all the details in one line- you contact some sellers who sell online and add the product to your site and sell it, and you can make a profit by adding margin. It is not that only big companies can do this, anyone can do it with you, or anyone. And 33% of the e-commerce industry was from dropshipping in its early days from the starting point.
How does Dropshipping work?
1. you contact a supplier and post your product on your online platform, such as whiteware, online stores such as Shopify, social media, but you also have a photo and description of that product along with the price.
2. A customer is interested in your products, places an order, and pays for it.
3. you contact the supplier stocking this product, and you place the same order as your customer
4. Ask the supplier to place an order at your customer's address
5. the customer receives the order, and the deal is completed
To make this business profitable, you need to think about the price of the product. Your profit is simply the difference between the cost of your own purchase and the money your customer asked for.
Benefits of this Online Business
1. it is an ideal type of business for newcomers-
It is very easy to set up, although you have no experience in the matter of e-commerce. It gives you a good idea- you may have trouble showing this business, but most people in India do it. Inventory issues, stocking, and shipping are not all your concerns.
2. You do not need much money in this
In this, you do not need to keep any kind of product in stock, so you do not have to take any kind of warehouse rent. When an order arrives, you simply pay for the same product or whatever contact the seller makes, that invests. This is why you do not need to buy or sell your stock.
3. You can change yourself and extend your classification and time
You do not pre-order the products you are selling, so you can add or change any offer. You can meet any kind of need to think about its benefits for your store. Before choosing your products, you can test every type of product by selling, which is right for your market.
4. You can reach a very wide audience
Dropshipping means that your store is based on an online platform or ideally your website. With dropshipping, your business gets an international reach- you can connect with anyone form any corner of the world, no matter how far or how you speak any language.
5. You have more time to think about growing your business
If you want to have a profitable business, then you need to keep the goods for your customers according to the interest of the customers at your store. This means that you need to spend time and effort on marketing, advertising, and promotion of online stores. All the work, like packing and shipping, is done by the supplier. That is why you only have to concentrate on publicity and advertising.
6. you are free
Since you do not have a stock or stock of goods, you can easily work at home or anywhere. You can change any place in your workplace, and you can have the lifestyle you always dream of.
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