WHAT IS DROP SHIPPING? AND WHAT ARE THE BENEFITS?
What is Drop Shipping?
Dropshipping is a supply chain management technique in which the retailer does not
keep goods in stock, but instead transfers customer orders and shipment details
to either the manufacturer or a wholesaler, who then ships the goods directly.
Benefits of Drop Shipping
Lowest Investment to start your store.
Low investment is required to
start your business using shopify as compare to other business models.
Saves Time.
Drop shipping saves lots of time because
it can be manage from anywhere like operating your store by sitting at your
home.
Selling
vast varieties of goods from single store.
In dropshipping the owner can
sell vast varities of goods from a single store listing from mobiles,
clothings, foods, footware etc
Set price of the product according to your profit.
You can list the
product on your store according to your profit and you can maximize your profits.
Disadvantages of Drop Shipping
Most of the Drop shipping store doesn’t make any income.
In drop shipping the most
important factor is traffic, if your store is not receiving enough traffic then
you will be ending up making no profit.
Quality.
Quality
is also another factor which the store owner should check but here it is
directly supplied from supplier to customer, so here is no quality control.
Hard to manage store with huge traffic.
It is
quite hard to manage a store with the huge traffic base.
Is It Worth It?
Like with other business model,
drop shipping isn't perfect. It has some definite advantages but it also comes
with a number of complications that you'll need to address before starting your
business.
