Dropship is “selling without shipping.” It is a retail method where the store does not need to keep the goods in stock. Instead, you pass customer orders and shipment details to another manufacturer or supplier. These people will then deliver the goods directly to the customer. With this business method, retailers do not need to have inventory and goods in stock and do not need to worry about shipping. Let’s know whether dropshipping is a good idea and who are the best dropshipping suppliers.
You can understand in simple terms that you buy a product in a place where the price is low, sell it in a place with a higher price and make a profit from the difference. The profit you earn is the difference in price between the supplier and the price you sell to the customer minus shipping costs. The difference will depend more or less on the product type and how you choose the supplier.
What is Shopify dropship?
Shopify Dropship is a form of online business with the Shopify e-commerce platform. With a normal online business form, you must prepare for the steps such as importing goods, selling products, delivering goods, and taking care of customers. Meanwhile, Shopify dropship only requires you to focus on marketing, product advertising, and customer attraction. In short, Shopify dropship means you sell on Shopify without owning the product.
Thus, you hardly lose capital to start making money online with Shopify Dropship as its reasonable fees. You pass that information to the supplier when someone buys goods through your shop on Shopify. You get the profit because you decide the difference between the supply and the price you offer, minus any other costs incurred.
Best dropshipping suppliers to help you make money with Dropshipping
As a global e-commerce site, Amazon is considered a large playground with a huge number of visitors and low advertising costs. If Shopee’s traffic has surprised you, Amazon’s will amaze you. Not only that, but Amazon also targets many different markets to maximize the customer experience with their services.
Amazon fully supports today’s popular models, such as Affiliate Marketing, Dropshipping, etc. You can import and sell across borders to earn high profits.
Like Amazon, eBay is an e-commerce site founded in 1995 in the United States. This is considered the second largest e-commerce platform in the world, with tens of millions of traffic per day. eBay offers a variety of products in many different industries, such as consumer goods, fashion, electronics, high-tech items, etc.
eBay is headquartered in the US, but many countries worldwide provide the source of goods. There are many sellers from the US, Germany, the UK, Japan, etc. When participating in the dropship business on eBay, all payments will be made via Paypal. In addition, the sales process is similar to the Dropshipping business on Amazon.
AliExpress is one of the popular dropshipping suppliers worldwide. It connects the ecommerce platform to the dropshipping providers to help them get products. Signing up to AliExpress is free to people around the world.
This company ships to 254 countries including the US, UK, Canada, etc. Their packages take between 15 and 45 working days to arrive. However, the customer have the option to pay for premium shipping to recieve his product in seven to 15 working days.
Alibaba is a B2B marketplace. It connects buyers and sellers facilitating transactions directly with manufacturers. At Alibaba, the suppliers provide bulk items, thus easily fulfilling orders for your dropshipping store.
Alibaba dropshipping orders can take time up to six weeks to be delivered.
✅See also: What is DropShipping Business and How Does It Work?
Best dropshipping suppliers: Dropshipping Tips for choosing smart products
Here are some suggestions for you on the criteria for choosing the right product when doing Dropship:
If your products are both disposable, recyclable, and reusable, this is an attraction for customers to return to your store.
When applying the drop ship model, the retail price is extremely important because they directly affect whether you make a profit or not. When you set a low cost, you can sell more products, but the profit per product will also be lower. Conversely, if you set a high price, the product will likely sell less, but the profit margin will be much higher.
Dimensions and weight
Packaging and shipping costs will vary from item to item. Therefore, you should choose small, lightweight, easy-to-pack, and transport products to reduce shipping costs and increase profit margins.
Selling related products in the same category will bring more value and encourage customers to buy more every time they shop at your store. For example, selling cosmetics, in addition to selling skin care products, you can sell other items such as hair bands, makeup brush sets, etc.
Best dropshipping suppliers: Who is Dropship suitable for?
Any job that wants to be successful requires an investment of both factors: effort and money. Depending on your financial capacity as well as the time you are willing to spend, you can consider dropship work as part-time or dedicate it full-time. In addition to those who consider Dropship to be their main job and are determined to work full-time, many people want to find a side job to earn extra income. And here are 3 groups of subjects that are very suitable for this job:
∎ Office people: If you are an office person, you have free time for 2-3 hours a day. Looking for another source of income other than salary. Then making money online by Dropship is very suitable for you.
∎ Students: It can be said that students are a very suitable object for drop ship. Because this is an object with a lot of free time but not too much capital for business.
∎ Online business people: When you just start selling online, experience is the factor you are missing a lot. Knowledge of market analysis, product finding, sourcing, shipping, and marketing. Dropship will equip you with those basics to confidently enter more difficult markets.
Best dropshipping suppliers: How do you do a dropship step by step??
⦿ Step 1: Choose a product or a supplier with a suitable price, and negotiate a price and form of delivery with the supplier. This is an extremely important step. You must choose a reputable supplier with quality goods and stable prices. Choosing the right supplier will determine how much profit you can make and success with Dropship.
⦿ Step 2: Select a sales channel. You can post the products on the store on e-commerce sites like Amazon, eBay, or your website through Shopify)
⦿ Step 3: Customers will go to your store to buy goods and pay you via Paypal, Payoneer, or a Paygate accepted by your place of sale.
⦿ Step 4: Buy goods and send them to customers. You use the money customers pay you, buy through the supplier and ask the supplier to ship the product to your customer.
⦿ Step 5: The supplier packs and ships the goods. You can manually track your order information and take care of your customers at this step.
⦿ Step 6: Summarize the data, calculate the profit of each product, and have more appropriate adjustment plans.