Dropshipping is one of the e-commerce concepts where a seller doesn’t deal with physical products but rather processes and forwards the orders to the actual supplier who has the inventory with the products. In return, the seller receives a commission for every purchase made on its site and therefore makes a profit.
There are a lot of suppliers that you can work for and we suggest you reading this WorldWide Brands review to find out more about this supplier. For now, let us explain to you why you should start a dropshipping business.
The biggest advantage is that almost anyone who has basic web knowledge is able to set up things and start the business. Also, the cost of investment is low but the more you invest, the more you get, naturally.
Still, all major hosting platforms offer you the one-click installation of WordPress, which is the most popular content management system. After you install it, you also install WooCommerce in a single click. WooCommerce is the most popular plugin for e-commerce stores and works perfectly well with WordPress.
Low-cost investment with a huge profit potential
Yes, the startup cost is very low. You will need a website, for a start, where you will sell and promote the products that are sold by a supplier. Then, you need the actual supplier so the customers could receive the products after they buy these. In addition, your website must have unique and high-quality content that is informative and adjusted to the targeted audience, as well as a stable e-commerce shop.
Also, your site has to be perfectly optimized so it could be seen on the search engines and shown to the end-users. The biggest cost, in case you are not skilled in digital marketing, is to hire an SEO expert to audit your site and improve it in terms of SEO.
You do not have to be at a specific location
The best part about this business is that you can be anywhere, as long as you have a stable internet connection. You are not required to have an office or to register your business, though it could be useful to have an LLC in case of legal trouble.
However, the legal problems in this business are not that common so you have nothing to worry about. At least until you start selling really expensive things. In any case, you can live in Japan and target the US customers, as long as you have a reliable supplier that will stock the items and have them ready for the shipping.
You can use automated APIs for inventory management
Imagine if you had to deal with all the purchases and item shipping. This would be frustrating, right? Well, the dropshipping concept is all about getting things automated – you connect your shop to the supplier’s inventory management system and database and in return, you have the real-time status of your stocks/products. This saves you a lot of time, as you do not need to update the availability of your products since everything is hooked to the database that gives the outputs in real-time.