You may have heard ‘business gurus’ across the internet praise dropshipping as an opportunity of a lifetime. The advantage of dropshipping is that it’s an easy system where anyone can run their own successful business, and join the 2500 millionaires that are made each day worldwide. Has this got you wondering how you can get in on the action?
So what actually is this type of business model and what are the advantages of dropshipping over more traditional ones?
Basically, it’s a retail fulfilment model where a website or store owner doesn’t keep stock of the product he sells. The products purchased from a 3rd party are directly shipped to his customer. The seller doesn’t need to handle any fulfilment like making the product, packing, delivering it or handle returns.
If your looking for a more full lowdown on what drop-shipping is and how it works, check out this blog post on What is Drop-Shipping and How Does it Work?
Here are a few of the many advantages of dropshipping over traditional business models that allow you to get that success you have always been after:
1. Little Or No Startup Costs With Dropshipping
One of the main advantages of dropshipping is that you need almost no upfront capital. Yes, you can relax now as you don’t have to risk your life savings or college fund. This is because, as you are fulfilling orders directly from a supplier like Contrado, you don’t need to have any stock at all. You don’t have to buy stock you might not even sell, and you don’t have to pay to keep it in a warehouse. This is all taken care of by your chosen supplier, almost eliminating all the risk.
2. Low Order Fulfilment Costs
If you were selling your own t-shirts using the traditional business model, you would have to:
- Pay for a warehouse
- Package and ship your orders
- Track inventory
- Handle returns and inbound shipments
- Continually order products and manage stock levels
Sounds expensive right? That’s why one of the advantages of dropshipping is that your third party supplier takes care of all that – A lower-cost means more profit for you.
Your only job is to get sales, leaving the rest to the dropshipper. This means you can concentrate on what’s important, maximising your profit!
3. You Don’t Have To Create Your Own Products
Many suppliers will already have products that you can simply plug into your online store, and you’re ready to go. This means you don’t have to spend time and money creating your own products, sourcing materials as well as a manufacturer.
With Contrado you can print your design on over 450 products. Pick and choose the ones you want to sell, and make a healthy profit of up to 40% + markup on each sale. It’s that easy.
What’s even better is the products from Contrado are hand made to order using premium materials. We ship within 48 hours so that your customer gets his product in no time.
4. You Can Run It Anywhere!
As you don’t have anything physical to deal with, one of the advantages of dropshipping that really appeals to people, is that you can run it from anywhere in the world with an internet connection.
That means you can be sat on the beach, sipping a Piña colada, and as long as you can communicate with your customers and suppliers, you can run and manage your business. Happy days!
5. It’s Easy To Scale
Compared to the traditional business model, the more orders you receive, the more you have to do. One of the dropshipping advantages is that this doesn’t happen. That’s because your dropshipping supplier is taking care of all the fulfilment and orders. When more orders come in, your work stays the same. This allows you to expand and grow your business easily. All you have to do is scale your marketing, whether that’s scaling your Facebook ads, google ads or social media activity.
The Periodic Table of Dropshipping
If you’re feeling overwhelmed with starting your own store, don’t worry, we get it. That’s why we’ve created a periodic table of dropshipping that covers everything from pricing, advertising, product descriptions and more. You’ll always have it to refer to and you can share it to other new business owners.
Contrado takes care of everything for you, so you can scale as fast as you want the money to come in. Why wait to make your goals and dreams a reality, sign up to Contrado now by clicking here.
Well, there you have it. 5 awesome advantages of dropshipping, and why why it’s doing so well in this pandemic. Don’t know where to start? Check out 75 Best Items to Drop-Ship: How to Set Your Range Apart with the Best Drop-Shipping Products. If you want to find out more about us, and how we are helping thousands of dropshipping business owners like you, click here