If we had to make a prediction about 2021, we would say that it’s going to be the Year of eCommerce. In 2019, $3.535 trillion dollars were passed through eCommerce sites around the world. Experts predict that number to exceed $5 trillion by the end of this year! There’s never been a better time than right now to start an eCommerce business, and dropshipping makes it completely hassle-free.
If you’re concerned with saturation in the eCommerce world, or how much work goes into running a business online, we’re going to stop you right there. The internet is vast and limitless – there’s room for everyone! In fact, fewer than 1 million online shops sell more than $1,000 per year, so there’s not as much competition as you might think.
When it comes to the amount of work that goes into running an eCommerce store, you can build a wildly successful brand from home without ever having to worry about things like storing inventory, packing and mailing orders, dealing with customer service requests, or quality control!
How? With Dropshipping.
What is Dropshipping?
Dropshipping is an innovative business model that allows a third-party supplier to help you run your eCommerce business. Once an order is placed, your dropshipper will handle everything from checking the quality of the product, to packing, shipping, returns, and more!
When you use dropshipping to run your eCommerce business, you can focus on what’s really important: solidifying your brand and scaling your business!
How Does Dropshipping work?
There are three pieces to the dropshipping puzzle that have to all work together in order for it to help you run a successful eCommerce business:
- You (your store) to market the products
- Your customer to order the products
- The manufacturer (dropshipper) to supply the products
Essentially, you will be selling a manufacturer’s product under your very own brand! Your customer pays the price that you set on your eCommerce site, you pay the dropshipper’s wholesale item cost (the cost should be factored into the price), and the rest? All profit.
How Profitable Is Dropshipping?
Dropshipping can be one of the most lucrative ways to start and run an eCommerce business. You can set your prices based on how much it will cost for the dropshipping company to send it to your customer, so the amount of money you make off of each sale is really up to you.
With the dropshipping business model, you never have to worry about unsold inventory which can save you a ton of money. If you notice that a certain product on your site isn’t selling, all you have to do is remove that item from your shop. If there’s a product that isn’t selling well in general, the manufacturer may reduce their price on their end so you can have a clearance sale! And everyone loves a sale.
Perhaps the best part is the fact that you don’t have to directly pay your dropshipping company for their services. As they are the ones processing each sale, their prices are automatically covered by your customer.
That means you can start a dropshipping company with as little as $0.
How to Start an eCommerce Business with Dropshipping?
It’s very simple. Decide which products you want to sell in your online store, choose a dropshipping supplier that offers the products you want to sell, build an eCommerce website, and reach for the stars!
Obor Desk is the best dropshipping company in 2021. You can get started right now by contacting one of our account managers and getting a FREE quote! It’s time for you to see what’s possible by using dropshipping to run your very own eCommerce store.
Written By
Jane Hardt
January 12, 2020
