With COVID-19 restrictions being imposed, businesses are experiencing setbacks with a drop in sales and customer footfall. With lockdowns and strict safety measures in place, businesses are ‘re-thinking their strategies and future paths. Amidst this uncertainty, businesses are opting for flexible ways to run their business. This temptation to try a distinct route to embrace the new conditions with the flexibility of achieving the business goals is directing business to the eCommerce market. Online eCommerce stores offer flexibility to establish a balance that businesses may not have been able to experience before.
To make life easier for entrepreneurs, the biggest eCommerce platform - Shopify, offers an efficient business model - Dropshipping - that guides them to start their own successful store online. Launching a Shopify Dropshipping store is an excellent way to break into the eCommerce market. Creating a Shopify eCommerce store that employs a Dropshipping business model will help business owners focus their valuable time and resources on growing their store online store and generating more sales.
What is Dropshipping?
Dropshipping is a simple & effective business model for new entrepreneurs. It enables entrepreneurs to sell products without maintaining any inventory. Easy to set up and manage, and it does not demand a large up-front investment. Dropshipping empowers entrepreneurs to initiate their online store and sell their products to their buyers without stocking the items themselves. Instead, a dropshipping store enables them to sell their product by purchasing the item directly from a third party and shipping it to the customer. It permits business owners to add their products from multiple suppliers into the shop to fuel their product offering.
Why Would Businesses Start Dropshipping on Shopify?
A leading eCommerce platform Shopify empowers entrepreneurs to start their online stores. Simple to use, businesses can easily set up their Shopify dropshipping store without any technical experience. Perfect for entrepreneurs who desire to launch their eCommerce store, Shopify dropshipping offers a flexible way to run an online store with complete support from a majority of eCommerce platforms.
Steps to Start Dropshipping on Shopify
A perfect business model for entrepreneurs, dropshipping offers businesses with little up-front investment. Shopify is the simplest platform that enables businesses to create and run their store. When businesses dropship on Shopify, they need not worry about excess inventory that equips them to meet the demands of the customers. Here are the steps that entrepreneurs need to be taken into consideration to open a dropshipping store with Shopify.
How to Dropship?
Establish & name the Shopify Dropshipping Store
Set up a Shopify Account
Optimize the Settings on Your Shopify Account
List the Products
Design the Store
Launch the Shopify Dropshipping Store
Set up Payment Information
Make the First Sale
When starting a dropshipping store from scratch, the most essential thing is to keep testing different marketing strategies that work best for the eCommerce business. To become a successful drop-shipper, it is important to prioritize every aspect of Shopify for future growth.