Introduction
Dropshipping is a type of ecommerce where an online store
doesn’t produce store a product but instead the store sells the product and
then buys the product from a third party at a lower price. The product is the
delivered/shipped to directly to the customer. Today we will see the benefits
and disadvantages of dropshipping to help you decide whether you will choose it
or not.
Pros:
1. It is profitable. The beauty about dropshipping
is that if it is done right it can bring good cash. This because you are sure
that for every sale you will get some profit because you will buy it at a very
low price.
2. It is free to start. It is absolutely free to
start and get some profit. Shopify (dropshipping platform) has a 14 day free
trial which is enough to set up the business and get the ball rolling. You can
boost your business and earn over 6 figures per year with it.
3.It is semi automatic. How? Well due to software
the ordering of goods from suppliers has become automatic. In fact all you need
to do is click confirm after the process of completing the process of ordering
for the goods. This actually cuts your work by like almost all of it and
allowing you to do other tasks
CONS:
- · It is a fragile business. The entire business hangs on a thread hence you need to be on toes. In fact most dropshipping businesses stop because of various reasons like
- Poor quality products
- Poor delivery by suppliers
This tarnishes the credibility of the store and eventually
people stop buying the products causing the business to be closed.
To avoid closer of
the business then you need to follow these tips:
Tips
- Do research. Even before you set up a store you need to do research about the business. Find best suppliers. Find the best quality products and so on.
- Have a mentor. Since dropshipping is a very fragile business, you will then need to an appropriate mentor to guide you every step of the way. This is very advisable because it will cushion you from pointless loss of money
- All in all dropshipping is a good business that you can pick and run with it. It may you to be actually which will cause you to live a life of financial freedom
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