Are you looking for information on how to get started with dropshipping? To be honest, you will benefit the most from reading this post. Today, I will do my best to describe what âDropshippingâ is and show you how you may make money doing it. I will share the fundamentals of how to run your online dropshipping business in the Philippines with you here in this post. Well, without further ado, letâs get this show on the road!
Table of Contents- What exactly is dropshipping?
- Dropshipping vs. Buy-Sell
- Getting Started with Dropshipping: What Do I Need to Know?- Discover a Reliable Supplier:
- What Qualities Should a Supplier Possess?
- Whatâs the best way to locate a reliable Supplier?- 1. Local Store
- 2. Shopee Direct Message
- 3. Facebook Groups Inquiries
- 4. Facebook Page Owners
- 5. Do research in google.com
- How to Begin Selling Using Dropshipping?- 1. Facebook advertising
- 2. Shopee or Lazada store
- 3. Shopify / Woocommerce
- 4. Facebook Pages / Groups / Marketplace
- 5. Youtube or Website Blogs
- How to Handle Dropship Orders?
- When I cancel my orders, what will happen?
- Final Thoughts
What exactly is dropshipping?
Dropshipping is a method of selling products online in which the seller is not required to keep an inventory of the products they sell or to make an initial financial commitment to the business. The reseller makes a link with the supplier through the practice of dropshipping. During this process, the reseller provides the supplier with information about the buyer, and the supplier is responsible for fulfilling the customerâs order, including packaging and delivering the item.
To sum things up, the retailer or the reseller does not need to have a warehouse for their items in order to start a business or to begin selling online; all they need is a reliable supplier who can easily handle their online orders.
Dropshipping vs. Buy-Sell
For the most part, when we sell things online, we engage in a practice known as âbuy and sale,â in which we purchase goods at a lower price and then resell them at a greater price; to put it another way, we require an initial investment before we can begin selling. This is the typical approach that is taken when beginning a new venture, but the drawback of traditional selling is that we have to purchase a large number of products all at once in order to qualify for a larger discount from the reseller, which often results in surplus inventory.
Getting Started with Dropshipping: What Do I Need to Know?
Discover a Reliable Supplier:
It is not easy to find a reliable supplier for your products; but, if you are successful in doing so, you will be able to take your dropshipping business to the next level. But, the question that has to be answered is which kind of supplier you should get in touch with for your dropshipping firm.
What Qualities Should a Supplier Possess?
- Respected as well a Reliable
- Reviews and Comments That Are Positive on the Online Shop
- Items of the Highest Authenticity and Quality
- Accepts Cash on Delivery
- Optimal Reseller / Wholesaler Market Pricing
- Payment Options That May Be Customized to Your Needs
Whatâs the best way to locate a reliable Supplier?
To be able to contact or message a supplier, you must locate their contact information or social media profiles and then attempt to message them and negotiate dropshipping terms.
Here is a sample of how to approach a potential supplier for your dropshipping enterprise.
1. Local Store
Keep things straightforward; this is one of the simplest ways to locate a provider for your drop-shipping enterprise. Simply go to the business stores that are closest to you, ask if they can conduct drop shipping, and then discuss the advantages of the business with them. When you are having the conversation face to face, it will be much simpler for you to negotiate the terms of the business. As you do so, you will have the opportunity to build trust and connections with the other party.
2. Shopee Direct Message
Shopee is recognized as a leading E-Commerce platform in the Philippines at the present time. On Shopee, one can find a large number of different business owners or suppliers selling their wares. Thus, the only thing that you need to do is send them a message and ask if they can accept drop shipments for their products outside of Shopee. At that point, you may begin the negotiating process with them. Take note that not all Shopee store owners embrace dropshipping; therefore, you should do everything in your power to choose a supplier who can support your dropshipping business.
3. Facebook Groups Inquiries
There are a large number of Facebook groups that are organized, for the most part, by small business product suppliers who offer drop shipping services to other small business startups. The only thing you need to do is join a specific Facebook group and then simply post about your interest in doing dropshipping for such products. If you do this, I can almost guarantee that you will receive a lot of responses from people who run businesses.
4. Facebook Page Owners
All you have to do is send a message to the companyâs Facebook page expressing interest in dropshipping their goods and cross your fingers for a positive answer. Donât be timid about telling them how serious you are about doing business with them.
5. Do research in google.com
You can obtain information on practically any subject with Google, which is why it is considered to be the greatest and most popular search engine. You can find what youâre looking for by just clicking on the button that corresponds to it once.
How to Begin Selling Using Dropshipping?
If you currently have a supplier for your dropshipping business, then marketing and selling your products online is now quite simple and straightforward. The following are some fundamental ideas that I have for you to start with, ranging from paid to free marketing plans.
1. Facebook advertising
This is by far the most common approach that may be taken to sell your goods. Due to the fact that 80 percent of dropshipping businesses sell their items on Facebook, Facebook Ads are quite popular on dropshipping websites. This strategy is incredibly effective because all you have to do to market your products to potential clients online is let Facebook use the behavior or interests they display while online as a proxy. You will need to make an investment and pay Facebook for your advertising plan in order to use this method, which is not free.
2. Shopee or Lazada store
You can begin publishing and selling your dropshipping products on Shopee/lazada once you have established your own Shopeeo or Lazada Account. But hold on, you need to check first to see if the provider is okay with using this method. Because some suppliers donât want you to post any of their products within Shopee/lazada, especially since I can generate issues on their personal storefronts, they wonât allow it.
3. Shopify / Woocommerce
Shopify is the greatest website platform available for dropshipping businesses and other types of online retailers. This is the ideal option to publish your products online with Shopify; however, you will need further knowledge on this platform in order to make it work, and you will also need to pay monthly subscription fees for your website in order to make it live.
On the other hand, WooCommerce is the best platform available because it is user-friendly and possesses a large number of functionalities that an online store absolutely needs to have. These functionalities include product customization, email marketing, and many more that are waiting for you to discover them.
4. Facebook Pages / Groups / Marketplace
The most fundamental method for promoting your goods and services on the internet is to just post about them on Facebook and give people the opportunity to look at what you have to offer. You can try out publishing on your profile and sharing it with other pages or groups. You can also post on the marketplace, where buyers can message you directly with any questions they have about the things you sell.
5. Youtube or Website Blogs
Being social and making connections with as many individuals as possible is the most effective strategy to market our goods. The creation of online content, whether in the form of a video blog or written pieces, can assist you in easily increasing the sales of your products. When more people become aware of your items, a greater number of prospective buyers will get in touch with you to discuss the possibility of placing an order.
How to Handle Dropship Orders?
If you already have an order, the most important thing for you to do is acquire the buyerâs information specifics such as name, contact, and complete address, and then send it on to your supplier. If you do not currently have an order, the next best thing for you to do is get an order. In the event that the information details are confirmed by your supplier, they will immediately deliver the orders to the address provided by your buyer.
Following this period of time has passed, all that is left for you to do is check the delivery status and determine whether or not it was completed successfully. If the orders have reached the final transaction stage, you should now contact your supplier and ask for the transfer of your commission or profit using GCASH or local banks. This will be done if the orders have reached the final transaction stage. This will only take place if the transaction is conducted using Cash on Delivery, in which case the vendor will have already received full payment for all of your orders.
If, on the other hand, the transaction is carried out via Payment First, the only thing that is required of you is to place an order for the products with your supplier and make payment for them. Your total payment will consist of the sum of the productâs total reseller price as well as the delivery cost.
When I cancel my orders, what will happen?
Any canceled Cash on Delivery orders will have their products returned straight to the supplierâs warehouse, but the supplier will be responsible for covering the cost of the cancellation. Well, depending on the supplierâs terms and conditions, some suppliers share the payment to the resellers 50/50; for instance, if your delivery was supposed to cost P200 but was canceled, you would need to pay P100 to your supplier to cover the costs. Make sure you know what the terms are before canceling any orders by contacting your supplier.
Several reliable vendors are willing to shoulder the costs of canceled orders. Instead, it would be best to address these questions and concerns directly with the vendor.
Final Thoughts
One of the finest ways to make money online without risking any of your own money is through dropshipping. Itâs possible, through dropshipping, to make enough money to not just live comfortably, but thrive. What are you waiting for, then? Get your dropshipping business up and running now by locating a reliable supplier to work with. A reliable vendor who can assist you in accomplishing your companyâs objectives.
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