Drop ship on Shopify advices
How to select profitable products to dropship on Amazon? Here are a few tips and a recommendation to let an expert to the market research. Dropshipping is a business model which you can use to run your store without ever holding any inventory. Once you’ve made a sale your supplier will ship your products from their warehouse, straight to your customer’s doorstep. You’ll never need to worry about storing, packaging, or shipping your merchandise.
If you’re brand new with no testimonials or product reviews, it’s going to be hard to get sells. People want to hear what previous customers have to say about your business and products, that’s where social proof comes in. Without good reviews and testimonials, you’ll have lower conversions overall. The easiest way to get product reviews is by asking your suppliers for them. Don’t reach out to all of your suppliers, just focus on reaching out to suppliers for the products that are selling the best.
In every supplier-retailer dropship relationship, a myriad of details must be worked out in order for either party to see lucrative sales. Aspects that need to be considered include: How are product content and data managed, and how does it make its way onto the retailer’s site? How is inventory updated and synced to the retailer’s site? When orders are placed, how does the supplier receive that information? Who gets paid for what percentage of the sale, and when? How are items actually shipped—whose carrier account is used? How are returns dealt with? Obviously, dropshipping is a complex, multifaceted practice that necessarily means that retailers and suppliers are constantly exchanging data back and forth. To succeed then, the key is to always remember that dropshipping is a relationship between retailer and supplier, and it requires efficient communication, transparency, collaboration, and organization on the part of both parties.
How to find the best products ? A few words about dropshipping market research. Look at possible competitors and research their products and how they source and sell them. Can you decipher their pricing strategy or possibly forecast potential new products that they will sell? By being one step ahead of them you can remain competitive. If they are selling a product you are considering but you cannot source this product at a similar price, problems could arise. It would be a good idea to cross this product off your list at this moment. Once you build a strong brand and customer loyalty you can come back to this product option. Competitor product research shouldn’t last all day. Doing a quick Google search for a product can highlight a range of competitors in a matter of seconds. From there a swift scan of the websites will provide you with enough information to decide to sell a product or not. Or you can let an expert to do the product market research for you while you focus on marketing or improving your website. See more info on Dropship on Shopify.