Dropshipping is a word that has been thrown around quite loosely in recent years. It has become an ideal platform for all the eCommerce enthusiasts around the world who love to picture themselves sipping on a tropical cocktail at an exotic beach while dropshipping t shirts. Not many years back, it would’ve been seen as a complete scam to have such favorable conditions to work from, but not today.
What Is Dropshipping?
With so many green fields shown already, the question usually arises, “What is dropshipping?” Not that you cannot find countless trending articles that explain thoroughly every aspect of dropshipping, but here we aim to give a brief introduction before we move on to the draws of it.
Dropshipping is basically getting yourself an online platform or a store registered where you connect the buyer to the manufacturer. You can do all this with just an online presence; you wouldn’t have to worry about getting bulks of stock, storing, and then shipping it to customers. You only forward the orders to the manufacturer, getting your own cut out of it, after which the manufacturer ships it directly to the customer.
With all these cards of the pros put already on the table, it is still a little hard to digest for many business investors to put their hopes in dropshipping. Although there might be many other business and investment ideas out there, the reason why dropshipping gets all the attention is because of the minimal physical input required.
To get a clear understanding of how exactly dropshipping gives you an advantage over other business ideas, especially in the commencement stage, some aspects of it have been described briefly as follows.
There is an increased amount of cash flow since you are not required to bulk up on stocks, cater to their storage and also for the shipping of items.
You can get yourself several test products to be sure of what is in demand in the market and how it meets those standards. You can do all this without tying up your capital in the bulking of stocks, only to find out later on how much it wasn’t the needed product.
Create Customer Loyalty
When you don’t have to worry about arranging huge capitals for the stocking of various different products, you can continue adding versatile products to your store.
These additions and introductions of new products to your customers shall keep them interested enough to keep on coming back since there is always something reliable and new available.
Low Capital Requirements
The investment requirements remain minimal for dropshipping because you don’t have to run a physical business. You are only acting as the median to connect a buyer to the manufacturer to get your own cut out of it, all you will have to invest in is securing of a reliable online platform or store.
You can target a much larger crowd online, knowing that you do not have restraints or difficulties in getting t shirt printing products across international borders.
You can partner up with different t shirt companies and manufacturers located in different areas and supply products to people nearby. This can also be a perfect means of validating your market in a specific zone or area before giving serious attention to it.