Advantages of Dropshipping
Dropshipping didn’t become popular because of no reason. This rather disruptive business model presents its own set of benefits:
Since you don’t need to keep stocks of everything you sell or plan to sell on your ecommerce store, you don’t need to invest in inventories and warehouses. You simply need to get an ecommerce site, which you can easily build using an ecommerce website builder. Next, just team up with suppliers who have the products that you plan to sell on your online store. And that’s it, you are ready to start selling.
Almost Zero Setup Cost
When you choose dropshipping, your expenses merely revolve around maintaining your website to ensure it’s up and running at all times. You don’t have to buy inventory, maintain stocks, or worry about buying or renting a warehouse. The setup cost of dropshipping business is just your website.
Don’t these two words sound like real charm! All you own is a website. You simply don’t need to worry about selling your inventory, you never had one to begin with. So, even if the business doesn’t work out as planned for any reason, you lose nothing. All you own is your website, and it’s yours.
Dropshipping gives you the freedom to expand your product range. You can have as many categories as you want. You simply need to tie up with suppliers. You can choose to go niche specific, like an online furniture store, or you can launch a full fledged electronic store. The options are galore, you simply need to find the right supplier.
But it’s not always sunny in the town of dropshipping. Nothing is perfect in this world, and sadly, dropshipping is not an exception.