Dropshipping has become the latest trend for small businesses all over the world. The internet and the range of online platforms have made it extremely easy for people to do business. Woocommerce has allowed businesses to start making money with the least capital invested.
If you’re a small business breaking into the world of dropshipping the first thing you need is a reliable internet connection to send and receive orders. It is not recommended for small businesses to invest hundreds of dollars on internet service, instead, they should look into Cox internet plans and a range of other affordable options in the market.
Dropshipping is a concept that developed in the early 2010s. It is an online business model where eCommerce stores don’t hold any of the stock in their inventory. Instead, they receive orders online which are then sent directly to the manufacturer or the wholesaler. They in turn fulfill the order and its delivery. In other words, a dropshipping company is an agent who markets the product and sells it for a commission price.
Dropshipping has become a modern trend for online businesses. Due to its low overhead costs, it’s fairly easy to set up and the sales are all profitable. It’s really quite easy to find third-party suppliers who are willing to ship their products directly to customers.
Some manufacturers are willing to allow you to change the brand and packaging with your own. This will allow you to market your own products at a cheap price and build some brand recognition while you’re at it.
It’s crucial to decide which online marketplace you want to tap. A lot of platforms are available where you can open your dropshipping stores like Amazon or eBay. However, open-source eCommerce platforms such as Woocommerce are the perfect solution for small businesses.?
Step 2. Perform Thorough Market Research
It’s very important to have a good idea of the market you’re getting into and the kind of competitors that surround you. Take some time to analyze the industry.
Finding the right supplier is the key to this business. You need to find a supplier who can be relied on to maintain a standard for the product you’re advertising. They’re also going to be responsible for the delivery.
Step 4. Launch an Online Dropshipping Store
Using Woocommerce for an online store means you have access to a variety of plugins and Chrome extensions. Check for the best ones that apply for your needs. This makes life a lot easier when creating a system for your order transfers.
Step 5. Use a Dropshipping Plugin
Woocommerce dropshipping plugins can help you automate your entire order transfer system. This can help free up time for you to focus on other important aspects such as customer relations.
This plugin allows you to import any products from AliExpress suppliers directly into your Woocommerce store. This all-in-one app allows you to adjust your prices rates easily while also giving you the option to automate the order fulfillment process.
This fantastic chrome extension gives you the option to directly sync your product list with any products you want from AliExpress. It even adjusts the prices according to your profit margins. Starting at just $14.99 a month, this plugin offers everything a small business needs to start getting organized.
WP Amazon Shop
This plugin is a must-have for anyone who’s using Amazon as a marketplace. This plugin is an Amazon affiliate and allows you to import any product from Amazon. It even makes life a lot easier by adding an automatic price percentage, so you don’t have to input a new price for every product you import.
If data analytics is your thing, then this plugin is for you. It’s the best data-driven plugin in the market right now which allows you to track the products on your Woocommerce store. By using Google Analytics, the app can track the way your customers respond to the products in your store. This is valuable information for any small business.