Owning and running your own business is a dream for many people. The initial investment involved, as well as the expense of renting or buying a facility to house your business, is often a stumbling block. If you are interested in starting and running your own business you do have choices that have a low bar of entry.
Starting a Dropshipping Business
One business that can be a great choice for the novice business owner is dropshipping. In dropshipping, you advertise items for sale, but they are shipped directly from a third party to the person who purchases from you. There are several benefits to dropshipping. You can get started with little initial capital, there is no need to store your stock, it is held at a separate warehouse, and you are not responsible for fulfilling orders. Even someone with rudimentary computer skills can handle the merchant end of the dropshipping business. Businesses such as Shopify have streamlined the shopping and checkout process, which means you are not responsible for the security needed to run a merchant website.
You may be curious about the types of items you can sell through a dropshipping website. Nearly anything you can think of is available this way. It makes sense to set up a store with the items you are interested in or that are related in some way to create a cohesive shopping experience. For example, if you enjoy working out, you may want to sell water bottles, protein shakers, exercise bands, and other gym paraphernalia. If you are an avid gamer, you may want to sell headsets, controls, and seating options.
What To Look for in a Dropshipping Company
There are several things you should look for when selecting a company to work with on your dropshipping business. You want to be sure that the company you work with offers quality goods. This is your business, and your company name will be attached.
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You also want to check with the company about the minimum amount you need to order. While many dropshipping companies have very low limits, you want to clarify before moving forward. Finally, get an idea about how long delivery will take once an order is placed. Many dropshipping companies are located overseas and shipping may be slow. This is an easy way to end up with dissatisfied customers.
Dropshipping is a great business for the novice business owner. It allows you to get started with minimal investment and working with an experienced drop shipper helps ease the growing pains of running a new business. You don’t need a separate building to run your business, you can do so at your kitchen table. As you have success and gain experience and confidence, you can add additional items to your storefront.
The main disadvantage of dropshipping is that you don’t have much control over the product. This means you need to do your homework before you start to ensure you are working with a reputable company and the products are of the quality you are satisfied with.