Small Business Tax Center
Small Business Ideas, Grants &
Plans to Start & Run a Business:

Small Business Grants
CyberSchmooz
Network in Cyberschmooz Community Ask Questions Questions and Answers Share Tips Small Business Ideas List Your Business Business Advice from Idea Cafe Experts Coffee Talk with Experts Starting A Business Business Plan Biz Planning | Sample Plans Small Business Ideas Idea Name Your Biz Name Plan Your Biz Plan Financing $ Starting a Business Do It! Running your Business Marketing Tips Promotional Merchandise Marketing Tips Marketing | Sales | Customers Human Resources HR | Employees | Contractors Legal Forms & Tax Information Legal | Biz Forms Managing a Business Managing | Operations
Financing Resources Financing Your Business E Commerce & Webhosting eCommerce Take Out Info Trade Publications FREE Trade Publications Business Books Biz Books Your Own Business Small Business News Small Biz News Gen X Biz Gen X Biz Work at Home Work @ Home Business Information The Fridge - Biz Info on Ice Destress Send Awards Send Awards & Greetings Yoga At Your Desk Yoga @ Your Desk Fun Guide Guide to Find FUN Online About Idea Cafe Press Idea Cafe has received Idea Cafe in the News Idea Cafe's Kudos Kudos for Idea Cafe Advertise on Idea Cafe Advertise on Idea Cafe Privacy Policy Privacy Policy Contact Idea Cafe Contact Idea Cafe Link to Idea Cafe Link to/from Idea Cafe Join Idea Cafe
Search Idea Cafe Site Directory Site Map Online directory to business resources Biz Web Guide



Expert Answers to Biz Questions

Listen in! Pick up some expert advice to a reader's question that we selected from CyberSchmooz.

color business bar

Why Dropshipping Is The Perfect Solution For eCommerce Start-Ups In 2020

 

It’s only just halfway through the year, but already, 2020 is shaping up to be a challenge for most business owners.

As a result, many companies are struggling, particularly small businesses. Hundreds of thousands of small businesses have closed already, and many more look set to close their doors permanently as the uncertainty continues.

While many dejected staff and entrepreneurs might feel that they have no prospects, for ingenious leaders, there are many opportunities.

One of the most potentially lucrative is setting up a retail store on the internet, as online shopping has experienced significant growth over recent months. That’s not really surprising when you consider that most consumers have been stuck inside for the majority of the year, and physical stores have been closed.

If you’re looking to set up an eCommerce store and sell a range of products that you believe your customers will love, then there’s a lot to consider, and a lot of options for you to check out.

In this article, we’re going to explore dropshipping, and why you should think about using it when starting your online retail adventure.

 

Dropshipping Is Cost-Effective

Dropshipping allows you to sell items on your online store, and then have them shipped directly from the manufacturer. As a result, you can save money buying and storing a large amount of inventory, and you’ll reduce the financial risk that you take with your new business. With dropshipping, you only pay for the items that you sell, and as such, if you don’t sell it, then it won’t cost you anything.

 

It’s Surprisingly Easy To Do

This process might sound complicated and challenging, but it doesn’t have to be if you collaborate with the right dropshipping supplier. For instance, you can check out the comprehensive dropshipping directory from SourceLow, which quickly and easily allows you to find the perfect dropshipping supplier. Once you’ve found a supplier, you can collaborate with them to drive your business forward and build success despite the challenging economic situation that the world is facing currently.

 

Dropshipping Is More Flexible Than Traditional Distribution Channels

Flexibility is useful in business, particularly when you’re starting it during uncertain times such as these. Dropshipping gives you the flexibility to adjust your store to suit the needs of your clients. It also means that you can work from anywhere, and don’t have to worry about being near to your stock or the logistics of shipping your products from your location.

 

Launching New Products Is Cheaper And Easier With Dropshipping

If you buy your inventory outright, then launching a new product can be a costly and risky endeavour. There many different costs associated with launching a product, but when you use dropshipping, these are significantly reduced. You’ll also limit your risk, because if the product doesn’t sell well, then you can simply stop offering it, and you won’t lose out on any money.

 

It’s Easier To Adapt Swiftly To Changing Consumer Trends

As mentioned above, launching new products on your online store is much cheaper and quicker when you use dropshipping. As the world is in a constant state of uncertainty right now, this is useful, as you can quickly adjust depending on the needs and expectations of consumers. With so much uncertainty, many businesses are feeling the pressure, but you’ll dramatically reduce the challenges that your new online retail store faces if you choose dropshipping.

For many online stores, dropshipping is the perfect solution. This article should help you to see the benefits of dropshipping and understand how it could allow you to create a successful eCommerce business, despite the pandemic.

Google      

Small Business Tax CenterIdea Cafe HomeSign UpBiz Grant CenterCyberSchmoozCoffee Talk with ExpertsPeople in Biz ProfilesStarting Your BizBiz PlanningRunning Your BizFREE Trade PublicationsMarketingFinancing Your BizHuman ResourcesLegal & Biz FormsManaging Your BizeCommerceYou and Your BizGen XWork@HomeThe FridgeDe-StressSend an AwardSend an eGreetingYoga @ Your DeskWeb GuideIdea Cafe in the NewsAbout Idea CafeAdvertise on Idea CafeContact UsPrivacy PolicySite MapSmall Biz News

Copyright 1995-2020, Idea Cafe Inc. Downloads are for personal use only, not for resale to others, and may not be reprinted in any form without written permission from Idea Cafe Inc.

DISCLAIMER: We hope whatever you find on this site is helpful, but be cautioned that it may not apply to your own situation, or be totally current at any given time. Idea Cafe Inc. and all of its current and past experts, sponsors, advertisers, agents, contractors and advisors disclaim all warranties with regard to anything found anywhere on this family of websites, quoted from, or sent from Idea Cafe. and its related sites, publications and companies. We also take no responsibility for comments published by others on these pages.

TRADEMARKS: The following are Registered Trademarks or Servicemarks of DevStart, Inc.: Idea Cafe®, Online Coffee Break®, The Small Business Gathering Place®, Take out Info®, Biz Bar & Grill®, Complaint-O-Meter®, A Fun Approach to Serious Business™, CyberSchmooz™, and BizCafe™.