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The Bizniz Talk: Episode 16 - What is dropshipping and how to get started?
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The Bizniz Talk: Episode 16 - What is dropshipping and how to get started?
If you’re seeking an online business opportunity, chances are that you’ve come across dropshipping. Dropshipping is an online business model that can generate high returns for the aspiring ecommerce entrepreneur. It’s possible to start dropshipping with a small amount of startup capital and some sweat equity. Once you begin to see success, you can scale by allocating more resources to advertising and brand building. But how does dropshipping work, and why should you go for this model to realize your entrepreneurial dream?
Before we get any further, it’s important that you have an answer to the question ‘what is dropshipping?’
What is Dropshipping?
Dropshipping is a type of retail fulfillment method for online stores, where instead of warehousing inventory, merchants purchase products from third-party suppliers as customers make orders. The products are then shipped directly to the consumer. This way, the seller doesn’t have to handle the product directly.
What are the benefits of Dropshipping?
- Easy to Start
- Low Risk, Low investment
- Lower overhead and monthly costs
- Flexibility and Scalability
What you need to get started with Dropshipping?
- Find a product to sell
- Start a Shopify Store
- Add your payment gate
- Connect courier partners
- Market and advertise your new store
Now it’s your turn to sleeve up, embrace the learning curve, and immerse yourself in dropshipping.
You may start small at the beginning with uncertainty and perhaps fear of failure, but all the successful entrepreneurs used to be at the same starting point. Draw up a strategic plan, evaluate opportunities and costs, start yours, and make your business dream happen.
If you would like to start your own dropshipping business or would like to sell your own products online, why not book a free consultation call: https://meetings.hubspot.com/shabiebiegnaar8
Let's learn, work and grow together.
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