Drop shipping is a business model that allows you to sell goods without the cost and hassle of sourcing, warehousing, and shipping products. Instead, you simply purchase goods from a wholesaler and then sell them on your own website. This business model allows you to sell more goods by cutting out the middleman and, as a result, increasing your profit margin. So if you are a seller who wants to remove the hassle of other overheads, drop shipping is perfect for you.
History of Drop shipping
The History of Drop shipping has been around for about two decades. It went from being a difficult process to an easy process. Companies like Alabama, Amazon, and eBay have lowered the barriers to entry for everyone. As a result, many people are getting into drop shipping. Before drop shipping, there was a lot of work to be done – but drop shipping’s success over the years has made it easier than ever.
In between the 60s to 70s, the practice of drop shipping has been known to popular mail order companies that sells directly to the consumer through phone catalogs. And ever since, this type of business model is gradually becoming more popular in recent years, with a growing number of retailers using it.
How does drop shipping works?
This method of selling is called “drop shipping” because the customer pays for the item and the merchant sends it to the customer. Drop shipping can take many forms, but the most common form is where a merchant offers a product that is sold to a third party, and the merchant is paid when the item is sold to the customer.
However, the merchant does not have to own the product or take possession of the product, and only the dropshipping supplier has it. Furthermore, you can refer to the following image to know how dropshipping works.
The 4 Best Drop shipping Suppliers for your business
If you want to do dropshipping, AliExpress is the best wholesale dropshipping supplier to buy from. AliExpress has an easy-to-navigate website. They have an expansive list of products that you can sell. AliExpress even has a financial services and payment gateway so you can start selling on the site. The steps that you have to take to start selling on AliExpress are also very simple.
AliExpress is also different than other marketplaces because it offers access to wholesale products that have already been manufactured. This means that AliExpress retailers can offer low prices on wholesale products that are made in China and shipped to the United States and all over the world.
In case you are thinking of selling electronics, Megagoods is your best bet as it is one of the best dropshipping suppliers. The company is located in California so they offer fast-shipping in the USA. Megagoods is also one of the affordable dropshipping suppliers with only $14.99 a month. However, you have to keep in mind that Megagoods products are limited and is not currently integrated with other e-commerce platforms. Meaning, you have to build the fulfillment order process from scratch.
3. Worldwide Brands
Worldwide Brands has been around for years – 20 years to be exact. They have been considered a trustworthy and reliable supplier in the industry. Worldwide Brands offers a variety of products and they are all perfect for dropshipping – whether you are a verified dropshipper, a large wholesaler, or importer.
But, you have to remember that partnering with Worldwide Brands comes with a cost of $299. The fee is a one-time fee with lifetime subscription. However, if you are just testing out Worldwide brand as a dropshipping supplier and see it as not a good fit, you’ll be wasting a lot of money.
Is a dropshipping business profitable?
With dropshipping, you only need to buy products and ship them to your customers. You don’t need to buy inventory in advance or lock up expensive capital to purchase products. There’s no need to pay employees or rent a space, either. You can set up a business in your spare time, and scale it up to fulfill orders for hundreds of thousands of customers.
So yes, a dropshipping business is clearly profitable.
The best e-commerce platform for your dropshipping business
My Depot is the number one e-commerce platform to use if you’re looking to start your own dropshipping business. My Depot is different than any other platform because they specialize in the Home and Furniture Niche, unlike other platforms that focus on a wide range of products.
Moreover, My Depot has a stronger service and offers better pricing range as they only focuses on Home and Furniture. The following are the benefits of My Depot:
· Direct US-based fulfillment centers
· Focused on one niche (Home and furniture)
· Easy registration
· Competitive price range
· Promising margin and profit for retailers
· 30-day trial
· Integrated with Shoplift, Amazon, and Mayfair
· Manufacturers are well-represented
In case you are looking for a way to start a dropshipping business in home and furniture niche, look no further than My Depot. To register, you can click this link and start.
Dropshipping business is a vital part of today’s market because it’s a very low-risk way to make money. It’s easy to start a dropshipping business and there are no expensive startup costs – especially if you started with a 30-day trial offer like in My Depot. You don’t have to have a storefront, inventory, or employees, but the only thing you need is a computer and the internet.
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