One of the best investments in this digital eCommerce era is Shopify dropshipping. In this article, we go into detail of why you should invest in dropshipping, and how you can get started.
What is Shopify dropshipping?
Dropshipping is a business model where you sell products to your customers, but you never handle the product yourself. You partner with a wholesale dropshipping supplier that manufactures and ships the product for you.
Simply add your products to your store, set up payment processing & shipping costs, and promote through social media & paid ads. When customers place an order on your site, the manufacturer will ship it to them on your behalf.
What are the advantages of Shopify dropshipping?
Dropshipping can be a great way to start your own business. Here’s why:
- It’s easy to start and manage. Dropshipping is an affordable way to test products, suppliers, and niche ideas before investing a lot of money into inventory. Once you’re up and running, it’s easy to manage your inventory via Shopify. Just log into the system to check your stock, reordering items when necessary.
- You don’t need to stock inventory. This means that you can focus more on marketing your products instead of managing .them or warehousing them.
- It’s easy. Compared to traditional brick and mortar retail stores, dropshipping is a walk in the park.
Why Shopify dropshipping is awesome in 2022 (and beyond)
Dropshipping is a great business model that lets you start a store without spending money on inventory, warehousing, and more. Instead, you can list products on your store and sell them individually at your own price – leaving the hassle of picking and packaging products up to your supplier.
For example: Let’s say you need some shirts for your summer camp. You could buy 100 of them using your credit card and hold them in your warehouse. In fact, this is what the high end stores do! But what if you use dropshipping instead? Sure, it may cost some money up front—but this is where your savings really come into play. There are no minimums or maximums involved with dropshipping. Instead of buying 100 t-shirts today, you’ll actually be able to sell more than 100 shirts by dropshipping them instead!
It might seem like there are risks involved with creating an online store through dropshipping. However, these risks are generally only encountered when someone has less experience with the business aspect of selling online. Which is something anyone can do regardless of their background! Most online markets have begun enforcing higher standards surrounding each store they allow to operate. They do this through building regulations and following ethical business practices such as Amazon’s anti-counterfeiting program . Marketplaces also require sellers to vet their products before allowing them on their platforms, so that customers know what they’re buying.
How does Shopify dropshipping work?
Dropshipping is a simple concept: it’s when a business sells products, but doesn’t carry inventory. Instead, the customer places an order, and the manufacturer ships the product directly to them. It’s a way for retailers to sell goods without handling products or taking up space in their warehouse with inventory.
Let’s look at what happens when someone orders an item from your dropshipping store:
- The customer places an order on your ecommerce store for an item you don’t have in stock.
- You buy that item from a third-party supplier who ships it directly to your customer.
- The third-party supplier bills you for the cost of goods sold (COGS) and includes shipping costs in their invoice. You keep the remainder and satisfy your customers’ needs!
You see how easy that was? This whole process can be completed by a single person with minimal overhead costs incurred. Dropshipping is becoming increasingly popular because of its low startup costs, ease of use, instant scalability, and low risk involved.
How to make money with Shopify and Dropshipping
Shopify is the top e-commerce platform for building stores that sell physical products. Shopify allows business owners to create and manage their own online store with a drag-and-drop interface. Business owners use Shopify’s software to takes care of all the technical aspects of running an online store. This allows them to focus more on marketing and sales.
When trying to choose a niche, it’s best to avoid general merchandise like clothing or electronics. Instead, look at what type of product is in high demand right now: shoes, electronics, books, furniture… any product where there’s a large amount of interest among consumers. Let’s say you’re looking at dog accessories: pet supplies are always in high demand and are currently hot; there aren’t many competitors in this niche who offer good quality products and shipping times. (PetSmart does great service but may cost more than you want).
Once you’ve chosen your niche, it’s time to find your product.
Is dropshipping worth it?
Dropshipping is a business model that allows you to run an ecommerce store without ever owning any physical inventory. Sell products from suppliers in your store at a profit – the supplier handles fulfillment directly to your customer.
There are so many reasons why dropshipping might be appealing; however, it’s important to keep in mind that there are also some important limitations. Those who claim that dropshipping can make anyone rich overnight are misleading you, and borderline scamming you. (Shopify merchants who have made thousands of dollars each month with their stores would agree). This is because running a successful dropshipping store requires many different pieces:
- Finding great products (this is a key part)
- Setting up your shop on Shopify and adding all of the products
- Managing orders
- Customer service
- Marketing and driving traffic
- Testing new products and ideas
So if the idea of working hard on something appeals to you, then keep reading. If not, then read our guide on creating passive income instead!
Where to find suppliers for your Shopify store.
You might be thinking, “Where on earth do I find suppliers for my Shopify store?”
There are a lot of different places to look. The most obvious place is eBay. People are selling things on eBay all the time, and you can easily get in contact with them if you wanted to set something up where they were your supplier. You could also check out Amazon and sell products that they have listed on their site or even see if local stores like Walmart or Target are willing to be your supplier.
Another option is AliExpress, which is a large retailer based in China that specializes in dropshipping worldwide. This can be a great option because they have many different suppliers with low minimum order quantities (MOQs) and free shipping for some products (plus tracking information).
If you want something more specific to dropshipping, there are several other services that cater specifically towards Shopify stores looking to make their first sale online: Oberlo, Spocket, Doba and Sunrise Wholesale as well as others such as Wholesale Central or Worldwide Brands/SaleHoo that offer access through membership fees — so buyers beware before signing up!
Get started with Shopify and dropshipping
Shopify is an e-commerce platform that helps you to build your online store and effectively sell products on the internet. It has everything you need to run your business, including a payment gateway and an inventory management system.
With Shopify, all you need to do is describe your product, list it for sale on the platform, and then sell it. Shopify will take care of everything else for you—from hosting your store and storing your products to accepting payments from customers.
Shopify discourages the practice of dropshipping because they claim it results in low-quality customer experiences. However, dropshipping on Shopify may be the best option for anyone looking to get started with this lucrative career path without any prior experience or knowledge in e-commerce.
Dropshipping is a great way to make money online, as long as you know how to set up your business. But it also takes a lot of effort.
Dropshipping is a great way to make money online, as long as you know how to set up your business. But it also takes a lot of effort. Make sure you do your due diligence and have enough capital to throw away if things go south.