When looking for an online business to making money at the comfort of your home without doubting whether you will succeed or not, dropshipping is one of the best ways you have to give a trial. If you have in mind to start your own business online and have dropshipping as one of them, this article will be useful for you.
eCommerce is no doubt to be a very profitable money making industry in internet. Fortunately, you don’t need to look far for a reason to have your own dropshipping business. With the ongoing statistics, more than 50% of Americans prefer shopping online and more than 85% of Americans with internet access have made at least one online purchase in a year. This statistics is just for United State alone.
There is no doubt that eCommerce has taken over the world, even people from remote areas of the world still shop online so far they have internet access. Starting your own dropshipping business could be one of the best achievement or decisions you made this year.
But I advise you not to jump in without doing a thorough research, just like other businesses, dropshipping business has its up and downs. You need to know how it works so you can avoid unnecessary mistakes that will cost you money. If you really need your business to succeed, you need to ensure that you avoid these dropshipping mistakes listed below:
Some Common Mistakes You Must Avoid When Starting Dropshipping.
Starting Dropshipping without Research
This is the greatest mistake that you will ever make. You got information that many people are making millions of dollars from dropshipping business and you looked at it and jumped in without knowing in details how it works.
Don’t start your dropshipping business until you learn exactly how it works. Discover the products you can sell and make good profit in it also ask those that started before you and know the methods they used. Understand the demography you want to sell to, know where to source your products, and how to attract customers.
Relying On So Many Vendor
Life is full of uncertainties, anything can happen anytime. Having one person as a source where you get ideas about the business is good, but know it that anytime he or she has problem in business, you will also have the problem, so I advise to have at least more than one person to get information from.
Your vendor may also run out of stock or get entangled in some legality issues. You need to have other vendors on standby, this way; your business won’t suffer when your preferred vendor has a problem.
Expecting Easy Money.
As we have already established, dropshipping provides a level of convenience that may appear to make your job an easy one. Yet, you cannot forget how important marketing your product is and all the competition, you will be facing. This requires research and the development of a unique approach that will make your product more appealing than everyone else.
4. Not Handling Damages and Lost Items Situations Properly
Every business has its own limitation and challenges. When it comes to dropshipping, one of the problems you will be confronted with is maybe“damages and lost items” during shipping. Unfortunately, the way you handle these situations will determine how long you will stay in the business.
Remember, customers will leave a review after each business transaction. You need to impress them if you want a good review and continuous patronage from them. Ideally, I highly advise that you have a process in place to handle cases of damaged and lost items even before you start your dropshipping business.
Making Order Information Difficult to Access.
Giving your customer guarantee for a quick and easy process for your customers is good, they will like to see the evidence. Set up estimated shipping dates based on location and require vendors to keep you updated on the order’s status so you can keep the customer updated too, if possible give them a link to track the items they bought. This way, you can monitor orders if you expect them to arrive later than planned and troubleshoot quickly.
Not Having Enough Brand Display.
With dropshipping, it can be hard to ensure your brand continues to be seen throughout the customer’s entire experience. You don’t want people to forget about you, so inserting your brand as many places as possible is key.
To keep your name involved after shipping you can include branded packing slips, inserts and customize external packaging. It’s also not a bad idea to send a follow-up thank you note or a survey to remind them of you and show them you care about their experience at the same time.
Dropshipping is indeed a very exciting business. Imagine making money from home without having your own products. Remember that the reason you are getting into dropshipping is to make money with minimal effort. This means you need a serious research to pick a product with a lot of profit. Don’t just jump in, work hard to find a product with much demand and less competition and you will be making a good profit selling it.
Again, focus on avoiding these mistakes I have listed above. Overlooking them will damage your business. Stay focused and don’t give up if the sales don’t come during your first month, continue to advertise and always ask your customers for good reviews, with time, you will see a major improvement in your business.
If you like the write up or you have any problem with starting your own dropshipping business, don’t delay to ask question. I will be happy to answer you.
GOOD LUCK FRIEND!