Here is the second part of “5 Reasons why you should start a Dropshipping business”.
3. No Inventory needed!
Yes, that’s right!
Can you imagine running an ecommerce store without having to invest thousands of dollars in your items?
This is the traditional way to do things, you plan ahead, do your research, find the right products and then you are obligated to buy in bulk without the guarantees of actually making your money back.
One of the things that i truly LOVE about dropshipping is that you don’t pay a cent for the products you’re displaying on your site; how?
Well simple, your supplier takes care of that for you 😉
You just need to worry about making them look good, show them to the rough audience and cash-in. Your supplier will ship and handle the items on your behalf.
4. Low Risk Investment
Okay, so you already know about not having to buy things upfront, this plays a huge part of the “low-risk” in your business., but it goes beyond that. Why?
Because you also don’t need to worry about permits, warehouse rents, hiring employees, going back and forth to the mail office to ship your items, dealing with utility bills and all that, with your dropshipping store your main focus is your market, that’s it.
Yes, you need to invest (nothing comes free) but your odds of having your ROI (return of investment) are way higher than with a traditional store.
Your “bills” if you want to call them that, would be maintaining your site, hosting, domain, plugins, tools etc and most of them are a one time payment. This is a solid PLUS if you ask me.
5.The industry is worth USD 149.4 billion
This lovely fact goes to the haters that keep saying “dropshipping is dead” Using this measure helps us understand how big the current market is and how much revenue this industry makes. 149.4 billion USD in 2020 proves to us there is one or no chance to fail with eCommerce You just gotta know the “how”.There are a million opportunities for you out there, what are you waiting for, reach out and take a cut of that 150 billion dollar pie.
My final thoughts-
Dropshipping has been a true life changer for me and my family as well as to the many others that we have been able to help. It has allowed me to grow into a business woman, feed my family, pay for my vacations, education, and medical bills. It has transformed the way I see the economy and the business world, thanks for tagging along this week and learning more about the 5 reasons why you should start a Dropshipping business.
Which in my opinion are more than amazing.
If you haven’t seen the previous post, feel free to check out my comment section i will leave the link there for ya!
Do you agree with my top 5 benefits of Dropshipping?
Do you have more?
Are you curious about this business model?
Reach out, would love to read your thoughts in the comment section.