The idea of starting a big business with just a small initial investment entices everyone. It is due to this reason drop shipping has gained immense popularity in the past few years.
Knowing the benefits of dropshipping is particularly important for those who have heard of dropshipping as the perfect side hustle, yet do not have enough knowledge about it.
If you are also not sure about the benefits and pros of dropshipping in 2021, you should carefully read this detailed guide on the pros of dropshipping in 2021.
It is a common observation that things have changed after the pandemic and now people are more eager to know about online business ideas with the least investments. So, let’s get started and see what gives dropshipping an edge over other e-commerce businesses and how it has turned out to be a great side hustle for everyone.
A Quick Note: Before we discuss in detail, let me tell you: Never underestimate the power of dropshipping because it is just like starting a real business.
Proven Advantages & Pros Of Dropshipping In 2021
Being a lucrative business opportunity, you must do your research to see what dropshipping has to offer. In the upcoming lines, you will see what we have gathered for you.
1. Sell Products Without Buying Them
The first and the most prominent advantage of dropshipping is that you do not need to buy first to sell something. Buying the products in bulk is not suitable for everyone especially if you cannot afford to invest your money in heavy purchases and are tight on budget.
Moreover, buying the products in bulk has some disadvantages. For example, if you are a total newbie and do not know whether you will be able to sell all of your products or not. Sometimes, you are not confident about whether the target audience will like your products or not.
At this time, you may fear investing your money.
With dropshipping, your dream of starting a business can easily come true. Now you do not need to be stuck with the tons of products you cannot sell.
Still, confused?
Let’s make it easier.
Other e-commerce businesses, as well as offline trading businesses, require you to buy hundreds of thousands of products and then sell them. In dropshipping, you are entirely on the safe side, as you will purchase the product after the customer has placed the order and made the payment.
It also make s it easy for you to move to the new and latest products without worrying about the investments and previous stocks.
2. No Production, No Storage, No Shipping
Doesn’t it seem like a magic business? It is truly the great thing about dropshipping that you neither buy the bulk products nor create your own. Further, you also do not have to pay for the display charges and storage.
The best part?
Shipping is also not your problem.
All you need to do is to forward the order to the suppliers and let them do all the work behind the scenes.
But you know what happens next?
The customer remains unaware of the supplier company and you get all the credit. Your return address is mentioned on the product and you receive all the responses.
Awesome, right?
Here you might want to ask:
Then what is my major responsibility in this business? The answer is quite simple, you do the marketing of the product and find the potential buyers. The rest is handled by the supplier.
But listen, you should remain very vigilant in choosing the right manufacturer or supplier because in this case, you do not directly see the product, but you are responsible for the bad quality. Moreover, any bad review will directly go to your dropshipping store.
So, carefully choose the well-reputed platform, such as Amazon, Ali Express, Ali Baba, etc.
3. Minimal Startup Costs
As discussed earlier, you do not need any physical warehouse for the storage of the physical materials. It is very different from the regular e-commerce business in which you buy the stock, find the place to store it, and then start marketing. It is a very time-taking and expensive way to make money online.
On the other hand,
In dropshipping, the manufacturers pay shipping costs, so this is perhaps the one and the only business idea, that is perfectly cost-effective and anyone can start it with minimal investment.
All you need to do is to buy the domain and the hosting and create the dropshipping store. Then, contact the dropshipping company and start selling.
Pro Tip: Initially, even if you are not getting any orders, you can still earn by writing blog posts and posting them in the “Blog” section. It will help you to rank better on the Search Engines and make you eligible to run ads.
4. Flexible Business With Minimum Risk
Having no inventory always gives you an edge over other businesses because you no longer need to worry about losses. With minimum risks, you can easily move on to the latest products, other comprehensive plans, and detailed product selection.
To add more flexibility in your business, you should not remain attached to only one supplier, instead get connected with the multiple manufacturers, suppliers, and wholesalers. In this way, you can add a wider range of categories and get more and more traffic.
Even if you don’t make money, you can apply for Google Adsense and other similar Ad sites that will pay you per click. It is another way to make money initially when you do not get orders.
Well, it is also a fact that profits and losses are the parts of the business, and we should also get ready for unexpected things. So, in case you are fed up and not making any improvement in the sales, you will still end up with minimum losses.
In our opinion, there are almost no losses because when you fail to get orders, you can sell your dropshipping website to other passionate people and can recover the amount spent on buying the domain and the hosting.
5. Setting Up The DropShipping Store Is Fast
When we compare setting up a dropshipping store with other online e-commerce stores, we immediately understand that you can start selling in a day.
Dropshipping is the fastest and easiest way to set up a new business. The proverb “No Pains, No Gains” is not true in the case of dropshipping, as you require the minimum time investment as well.
To give a better idea of its time-saving quality, you can also compare it with opening the “offline” retail store and you will be convinced. On the other hand, you only pay for the products in dropshipping after someone makes the purchase.
The interesting part is it is a tried-and-tested business idea and a lot of people are already earning it. So there is no double opinion about its being a legit way to make money online.
So, instead of wasting time on other scam sites and fake offers, you should proceed with this idea and start dropshipping.
If you know eCommerce web development, then we recommend you to start with the Shopify store as its setup will take only a few hours and you will be done!
But keep in mind, you should not be in a rush!
Take your time in making your dropshipping store optimized, unique and niche-oriented. In this way, it will get better chances to rank and you will enjoy more exposure and organic traffic.
Believe me, the joy of getting organic customers will give much more confidence as compared to paid marketing.
Thus, we recommend you write some relevant blogs, add the keywords, and optimize your site to every possible extent.
6. Dropshipping Is Highly Scalable
You can sell almost to anyone, irrespective of the location because it is the responsibility of the supplier to send the products anywhere in the world. So when you choose to send to “ Global Audience” from the Settings, you can get bulk sales from across the world.
However, it is good to check and confirm from the supplier about the shipping range. Various shipping companies are out there in the market that can ship the products anywhere in the world. So this is almost not a problem and you can make returning clients from all over the world.
With dropshipping, the opportunities are countless, and you can target any country in your advertisements.
A Handy Tip:
Find the local dropshipping suppliers in each country and get connected with them. In this way, you can offer the minimum shipping charges and free deliveries to the customers. Moreover, it will also build up your reputation as a fast retailer due to faster shipping times.
Let’s understand this with an example,
If your supplier ships the product from China to the US, it will take much time (almost 2-4 weeks), but if the supplier is already in the US, you can ship the products in 1-2 days.
Want to Know More Pros Of Drop Shipping?
Well, the list of the pros of dropshipping never ends, especially when you start getting sales and positive reviews on your site. Some more pros of dropshipping in 2021 include earning more and more money, getting returning clients, being your own boss, no taxes, etc.
Moreover, it is location-independent work that you can do anywhere, anytime. So no matter, whether you are in the bedroom or the camp yard, all you need to have is the internet connection and a device.
You manage everything on your own and are not answerable to anyone in the physical world.
Read The Pros Of Dropshipping? Let’s Conclude!
Whether you are currently dropshipping or want to start dropshipping, this article on the pros of dropshipping in 2021 is an in-depth guide for newbies as well pros.
Read it again if you want to get the maximum benefit out of this business and take it to the next level in 2021. It will help you to make easy money because you just need to act as the connection and a bridge between the buyer and the seller.
Do not delay, and grab this golden opportunity right now.