If you review some of the top-selling e-commerce websites on the Internet today, you will see some distinct traits that explains why the website has been such a great success.
Many of these are very easy to reproduce on your own store if you know what you’re looking for. Below is a list of a few of the special traits of these top-selling stores have that you may be able to replicate on your own.
How to have a very successful online store
The main reason people decide to drop ship items instead of selling items in a more traditional form is that drop shipping offers the entrepreneur many benefits.
Less upfront capital.
With the traditional form of stock reselling, you need to prepurchase stock in advance. Generally wholesalers require you to purchase a minimum quantity (normally at least 500 units) before they will even talk to you. Not only do need to pay for this in advance but you also need to work out storage of these units. The main issue here is your tied to this one stock line and have outlaid a significant amount of money to be able to sell it. Continue reading
The benefits of drop shipping
When dealing with suppliers you will come across a few different shipping and freight terms these very depending on what you are wanting to do and achieve.
The most common terms are INCO (international commerce terminology)
Allocations of costs to buyer/seller according to Incoterms 2010
The basic shipping terms – INCO terms
One of the first things you need to do after deciding to start a e-commerce dropship store is to decide upon what niche you like to enter and what products you would like to sell.
Is no silver bullet for the best niches to get into as many of them have different merits and huge markets. When it does come down to is your personal preference and interests. You also need to consider how long you are planning to run this business for. You may find something that is amazing to sell with great margins and returns, however if you are not very interested in the niche itself you will very quickly lose focus and not work as much as you should. Continue reading
Picking a niche that is of interest
Still curious about what drop shipping is and how you can do it? Hopefully the below order processes will help to explain it further.
Traditional e-commerce store:
- you purchase stock in bulk from a supplier
- you receive the goods and store it
- you manually list the stock for sale on your website
- you advertise your website and the goods you have for sale
- customer views your website and orders an item
- you pick and pack the item and make it ready for shipping
- you ship the item directly to the customer
The drop shipping order process
One of the questions that we continuously get asked is “what is drop shipping?”
Drop shipping is a form of supply chain management that controls how you handle, sell and supply stock. Essentially drop shipping allows you to leverage the assets of other people. Continue reading
What is drop shipping?
Every year Google handles trillions and trillions of searches from a huge range of different people and cultures. Google as a company are extremely good at categorising these search terms and creating meaningful data out of them. Continue reading
Finding in demand niche and what is popular with Google trends
When you’re trying to find a supplier you will come across a number of manufacturers, wholesalers and even retailers. The trick is to know the difference between the three of them and what the best option is for you.
A manufacturer is a company that physically creates and manufactures their own products and makes these available for sale. Many manufacturers do not sell directly to the public and rely on wholesalers to resell their products. The main reason they do this is because they do not have the sales staff and resources to handle individual small end-user sales. Continue reading
Manufacturers vs wholesalers vs retailers
Before dealing with any manufacture, wholesaler, or supplier there are a few things to know. This will also help you spot when a retailer is trying to act as a wholesaler. Ultimately you want to cut out as many middlemen as possible in the order process as this will give you a cheaper purchase price and increase your bottom line.
An ongoing monthly fee? Continue reading
Supplier fees to watch out for
Unfortunately the Internet is still the wild West. It is also a worldwide platform which does offer some form of anonymity. You have to remember that not everyone is as nice as you and some people are out to rip you off.
There are a couple of ways you can avoid getting scammed or at least minimise the risk.
Place a small test order.
Before dealing with any supplier on ongoing basis, you really should place a small test order first. You should make sure this test order to sent directly to you or someone you trust. The selected test the supplier before you build ongoing relationship. Continue reading
Not getting scammed and watching out for fake drop ship suppliers