Drop shipping

 WHAT IS DROPSHIPPING ? Drop-shipping is a type of business model, which is a part of e-commerce, where the retailer can sell products on his own online store to customers but without keeping product inventory or manufacturing. Instead, they finds and partner up a supplier of that product which manufactures it, packages it, stores it in their warehouses and whenever the retailer gets orders from customers he contacts with the supplier which he/she partner up with and gives order requirement after the manufacturer directly ships the product to customer because of the customer details provided by retailer In this drop shipper makes profit . This is a very famous kind of business today because of less investment needed in both starting up and running operations in business. That’s How to start a drop-shipping business. HISTORY OF DROP SHIPPING  In 1800s Drop shipping has been evolved by the concept of 1800s mail-order catalogs where the companies and business used drop shipping by selling products without any inventory  they generally ships the products from supplier to customers which make it easier to start drop shipping business easily and  cost effectively . this makes retailer free from many problems like: inventory management , packaging and handling products etc. In 1900s Retailers are now partnering up with the wholesalers they directly ships the products by shipping to customer, That’s how drop shipping started In physical form. In 1990s, When the wave of e-commerce arrived , which makes the retailer to handle customers online without managing stock by the help of Amazon and eBay they allowed retailers to sell products online ,which lead to a global market commerce through online platforms. This really boosted Drop shipping . In 2006 A new platform for drop shipping launches ‘Shopify’ which provided both retailers and wholesalers to partner up and form Drop shipping because if someone wants to start Drop shipping ,he/she can do it by finding out their product supplier/manufacturer on shopify and then partner up and start Drop shipping business. And Now , Drop shipping with the help of Ai, marketing , social media ads make this more effective and scalable and easier. Some famous drop shipping platforms are Shopify, amazon, eBay, Alibaba, India Mart etc. HOW DOES DROP SHIPPING WORKS ?  Exactly, the drop shipping business model works as it enables you to sell the products to customers without having inventory of product . This is like reselling but it doesn’t requires inventory management, product development and even shipping package on behalf of  you  the supplier/manufacturer with who you are partner up ships the product directly to the customer that means no worry of inventory, packaging, or shipping the product to customer for these we partner up with third parties who take care of it. This process saves entrepreneur’s time and then he/she can focus on building business or a brand instead of daily business operations like packaging , shipping etc. and you can focus on making more sales by marketing the brand. These are Benefits of drop shipping. WHO ARE KEY PLAYERS IN DROP SHIPPING  In drop shipping business model their are mainly four key players which are involved :-  WHAT ARE BENEFITS OF DROP SHIPPING? This offers many benefits to manufacturers as well as consumers:- WHAT ARE CHALLENGES IN DROPSHIPPING BUSINESS ? Challenges in Drop Shipping Business ➖ IS DROPSHIPPING REALLY WORTH IT ? Dropshipping having many challenges but yes, it can be profitable business. You know How Dropshipping Works , Its Benefits and Challenges. Now, Dropshipping is a low risk business model compared to traditional manufacturers and even wholesalers .  Since, Supplier is handling the product inventory, packaging and shipping then you can focus on your business marketing and customer service. This offers Dropshipper many benefits like Easy to setup, Scalability of business . But make sure you selected the right niche of product, and partner up with reliable suppliers/wholesalers for better working. As it is a part of E-commerce it deals with the world wide customers so converting leads into orders will be good . By following marketing strategies like advertisements , Seo can rank you and built your business a brand. HOW TO SCALE YOUR DROPSHIPPING BUSINESS ? In order to scale your drop shipping business now you know how to start drop shipping , it’s benefits ,it’s challenges, and many more now we have to scale our online store, There are many key strategies to upscale your drop shipping business : more points for more related blogs click here. Techniques you can try ➖ Up-selling : Always recommend a premium version of the products in first, this will make customer likely to focus on high quality, premium Ness of your products and maybe they could by it by forgetting their budget Or increase there budget. Cross-selling : By offering customer complementary products which can attract their focus on the products which you are showcasing them as complementary or providing checkout pages. Giving Bulk Discount : By providing big discounts on bundle purchases this can encourage your customer to buy in bulk for getting a huge discount can improve your business sales. 5. Focus On Customer Retention : This means, Acquiring new customers every time is very expensive but retaining the old customers can make you a loyal audience. Customer Retention Strategies ➖ Email Marketing : You can send personalized emails to your customers for like thankyou note, new offers, upcoming sales etc. this ensures a personal touch with your customer that make customer to feel connected. Loyalty Programs/Events : You can give some reward or discount to customer who are repeated. This will encourage them for shop again. Excellent Customer Service : Some of your customers may have feel dissatisfied and may address complaints so you can provide them customer support which solve their problems. Marketing & Branding : As you know Marketing and branding of your brand will make you distinct from your competitors . By this you can retain customers which see your ads, on platforms … Read more