For many online business owners, launching a Shopify dropshipping store is an excellent way to break into e-commerce. After all, sometimes the hope of spending money and time on managing the inventory might be a head breaking task. But if you have an e-commerce store that has a dropshipping business model, you will never want to carry any inventory. You will be free to focus on your resources and time on growing your online store and making more sales.
One of the easiest ways to run your business is drop shipping and it’s supported by the large group of e-commerce platforms – including the large ones like Shopify.
What is Dropshipping?
Dropshipping is one of the most talked topics in the area of the retailing business tool. Selling online or owning an online store could be more convenient, easier and cost effective by using a dropshipping service.
By its terms “drop” and “ship”, the retailer orders directly items from the wholesale company by dropping the order to them and they are responsible for the shipping ( to the buyer).
The advantage is that, as a retailer, you don’t have to keep inventories of products, you don’t need any kind of storage to stock up the goods you sell. You maintain the mark – up price from the wholesale price by selling their products at a retail cost.
The advantages of dropshipping are not just limited, you will not be in – control with the packaging, shipping time, backorders, packing, exchanges, and returns and the quality of the products. If your customer complains, you will have to face the consequences and not the dropshipping company.
What is Shopify?
Shopify is a leading eCommerce platform, helping business people to start their own online store. Its simple to use, so you will be able to build your own Shopify online store even if you dont have any prior experience. Its an excellent platform for entrepreneurs who wish to launch their e-commerce store with any hassle.
Why Start Dropshipping on Shopify?
Dropshipping is a great business model for online sellers who wish to set up their own business with a small capital amount, and Shopify is the simplest one you can use to build and run your own online store.
When you dropship with this e-commerce platform, you will never need to care about the inventory, as you will just order for the necessary amount of products to meet the demand of your clients. This is just like an e-commerce business which includes either manufacturing products or buying it from the wholesaler in large quantities. If you are dropshipping, you are about to manage your inventory in just a few clicks.
Steps to Start Dropshipping
#1 Establish a business
#2 Do research and establish a business entity is the first step you will have to take to open an online store with Shopify.
#3 Naming your store
#4 Keep your online store name simple, creative and memorable.
#5 Create a Shopify account
Creating a Shopify account is very simple and quick to start. All you have to do is just the homepage ‘www.shopify.com’. Once loaded, you will see an empty field at the top page where you will be asked to enter your email id. Enter the details, then create a password and enter the online store name you have decided on the Shopify dropping store. You will be asked to fill out a few questions about your e-commerce experience and a few personal details.
Once done, your Shopify account will be active. Next, you need to find out the setting to launch your account.
#6 Optimizing the Setting
This step is very important. You will receive money from your customer only when these settings are filled out properly.
- Payment information – the first thing you have to do is to add a payment option, then to get the access. Go to the “settings” page and click “payment” tab and add your payment details.
- Shipping rates – Make shipping rates very clear. We suggest you offer free shipping at the beginning for the easiest option. If you provide separate shipping rates to various countries, it can become daunting and serious, so just add the shipping fees into your product price and make shipping free.
#7 Launching the store
To launch the store, click “sales channels” and select “add an online store” option.
#8 Designing the store
Go through the importance of designing your online store in the Shopify dropshipping guide. Having an eye catchy and pleasing online store is just as essential as a brick and mortar store has a tempting shop window.
When it comes to design, the main aspects to consider is the theme and the logo of your store.
With the dramatic growth of the web, average people are becoming millionaires every day. One such way is by developing a profitable home-based business. Follow these simple steps and develop your own Shopify dropshipping business today.