Most people interested in starting up an online business now seriously consider the option of working as dropshippers. In fact, there are lots of people worldwide who have turned this online venture into an exciting money-making business. Online marketers who market products on a full-time basis earn unbelievably good income every month. That explains why most people who try the dropship business as a part-time job soon abandon their regular jobs to devote all their time to online marketing.
When you hear the phrase “promoting products,” the picture that may come to your mind is a huge warehouse stocked with various goods. However, the real picture is entirely different from this when it comes to the dropship business. As dropshippers, you can market different products from different wholesalers without ever having to actually purchase or stock a single item. You can start promoting goods and accepting orders from customers as soon as you have posted details about the products on your website or on any auction site. The orders that your customers place will be forwarded to suppliers who will then deliver the products directly to these customers.
On Choosing Wholesalers
While deciding to start off as dropshippers, entrepreneurs must have clear ideas about the types of merchandise they will be selling. This is very important because different suppliers offer goods of varying quality and rates. Here are the basic categories of wholesale companies:
Pricing Policies
The first thing that you ought to speak with your potential suppliers about is the product, its quality, color variations, versions, and the like. The second thing is definitely the pricing. Dropshippers must use their best negotiating skills to procure the most competitive rates. Suppliers will generally charge about 35 percent of the usual retail price for branded goods.
The price will also depend on the quantity that you order. Discounts are substantially more for bulk orders. However, remember not to be tempted by extremely low rates even for bulk orders. Such products can be fake ones. However, if you are planning on dropshipping surplus or damaged products, the rates you get will be really low.
Secure Payment Options
If a new supplier demands an advance payment for processing your orders, it is best to refrain from doing so. This is because it is impossible to evaluate the trustworthiness of any company before actually working with them for some time. But, if the supplier insists on the payment, try to keep your orders to a minimum to evaluate how good the company is.
To prevent your money from reaching the wrong hands, always choose secure payment modes like PayPal. This is, in fact, one of the best payment options available for dropshippers. After PayPal receives payment from your customer, the wholesaler gets a message about it. The wholesale company then ships the product to the customer. On receiving the product, the customer updates it on PayPal, and the payment will soon reach the wholesaler.
A clear understanding of all these facts will help dropshippers run a prosperous business and make excellent profits.
Turn to reputed trade directories and dropshipping forums to locate the best wholesale dropshippers renowned for quality merchandise, low rates, and reliable shipping and delivery services.
When you hear the phrase “promoting products,” the picture that may come to your mind is a huge warehouse stocked with various goods. However, the real picture is entirely different from this when it comes to the dropship business. As dropshippers, you can market different products from different wholesalers without ever having to actually purchase or stock a single item. You can start promoting goods and accepting orders from customers as soon as you have posted details about the products on your website or on any auction site. The orders that your customers place will be forwarded to suppliers who will then deliver the products directly to these customers.
On Choosing Wholesalers
While deciding to start off as dropshippers, entrepreneurs must have clear ideas about the types of merchandise they will be selling. This is very important because different suppliers offer goods of varying quality and rates. Here are the basic categories of wholesale companies:
- Category 1: These are the best wholesale companies that offer top-grade goods sourced from manufacturers. The goods are available at wholesale rates.
- Category 2: These suppliers offer secondhand or damaged goods. Such wholesale companies may also deal in surplus merchandise.
- Category 3: These are wholesalers specialized in selling counterfeit or fake products that closely resemble branded goods.
Pricing Policies
The first thing that you ought to speak with your potential suppliers about is the product, its quality, color variations, versions, and the like. The second thing is definitely the pricing. Dropshippers must use their best negotiating skills to procure the most competitive rates. Suppliers will generally charge about 35 percent of the usual retail price for branded goods.
The price will also depend on the quantity that you order. Discounts are substantially more for bulk orders. However, remember not to be tempted by extremely low rates even for bulk orders. Such products can be fake ones. However, if you are planning on dropshipping surplus or damaged products, the rates you get will be really low.
Secure Payment Options
If a new supplier demands an advance payment for processing your orders, it is best to refrain from doing so. This is because it is impossible to evaluate the trustworthiness of any company before actually working with them for some time. But, if the supplier insists on the payment, try to keep your orders to a minimum to evaluate how good the company is.
To prevent your money from reaching the wrong hands, always choose secure payment modes like PayPal. This is, in fact, one of the best payment options available for dropshippers. After PayPal receives payment from your customer, the wholesaler gets a message about it. The wholesale company then ships the product to the customer. On receiving the product, the customer updates it on PayPal, and the payment will soon reach the wholesaler.
A clear understanding of all these facts will help dropshippers run a prosperous business and make excellent profits.
Turn to reputed trade directories and dropshipping forums to locate the best wholesale dropshippers renowned for quality merchandise, low rates, and reliable shipping and delivery services.
