As the world becomes increasingly digital, business owners are required to adapt to all of the changes in order for them to keep up with or even stay ahead of the competition.
That is why, if you have noticed, the number of businesses that established their very own eCommerce online stores (in addition to their traditional retail presence) have started to increase over the last few years. And along with the rise of eCommerce, an innovative business model emerged: dropshipping.
From home decor such as furniture and rugs online to clothing and cosmetic products dropshipping enables an entrepreneur to open up an eCommerce store and sell products to consumers, all without having to worry about a couple of essential things that traditional retail stores have to worry about when operating, such as product storage, inventory management, and logistics.
As a business model, dropshipping is extremely popular in the eCommerce game because of how easy and cheap it is to get into. Getting started in dropshipping is easy because many of today’s popular eCommerce platforms offer ready-to-use dropshipping apps to entrepreneurs, and cheap because the start-up costs are very low when compared to traditional business models.
However, just because signing up on dropshipping is easy doesn’t mean that succeeding on it is also going to be a cakewalk. You need to work hard and learn about the industry’s workings and trends before you think about success.
Here are a few dropshipping tips to help you succeed as a dropshipper:
Find the Right Supplier
If you want to succeed in your dropshipping efforts, finding the right supplier is one of the first things that you must do.
You see, there are a lot of suppliers in the dropshipping industry, each of which has a different business model than the other. And in this pool of suppliers, there are the good ones and then there are the bad ones.
The good suppliers are the ones who strive to maintain the quality of their products and are highly reliable when it comes to the shipping of the products.
On the other hand, the bad suppliers are those that are notorious for shipping substandard quality products that are either broken or damaged, and often get mixed up on messy logistics issues that result to shipping delays or failed deliveries.
Though faulty products or delayed shipping issues are inevitable, you can always count on the good suppliers to make far fewer mistakes than their unreliable counterparts.
Your reputation is at stake, so practice due diligence and be meticulous when picking your suppliers. Refrain from working with those with a poor track record, even if their offers are so appealing.
Work on Your Website
The world’s top dropshipping businesses have one thing in common: a great website that is optimised for SEO.
When you have an SEO-optimised website, the amount of traffic coming into your site will increase. SEO is, after all, an effective marketing method that does just that. However, you need to ensure that your website is properly optimised, with the pages and its content set up the right way. Otherwise, you will either get penalised by Google or suffer poor results for your efforts.
In addition to SEO, your ecommerce dropshipping website must also be optimised for the users. By that I mean it should be designed in a way that customers are guaranteed to have a great shopping experience whenever they interact with your store. You can achieve that by putting more effort into various aspects of your website – from uploading good-quality photos of the products, to writing detailed product descriptions.
Have a Strong Brand & Marketing Strategy
Even if you’re going niche, there’s a high chance that a competitor who has been around for years is already targeting the same market and offering the same products as what you’re planning to sell. While standing out in that kind of situation is difficult, it’s still doable with the help of a solid branding and an even better marketing strategy.
In the business world, having a strong brand is a must because it offers a range of benefits that include customer recognition, brand equity, consistency, and credibility, among others. If you’re not sure what a strong brand is, it includes everything from a great logo to a well-designed website to a strong social media presence.
As for your marketing strategy, you should take advantage of today’s most popular marketing platforms and run a carefully curated marketing campaign on each of them. Whether it’s through Facebook Ads or Google Ads, these marketing platforms will help drive more traffic to your website, bring more exposure to your products, and increase your sales opportunities.
Make sure to invest in a strong brand and a good marketing strategy so you can stand out among your competitors, even if you’re new to the scene.
Target a Niche Market
The thing about dropshipping is that there are countless of other new and seasoned entrepreneurs out there who also use it as a means to earn a profit, meaning that the competition is incredibly intense.
Since you’re a beginner, you’d be better off targeting a niche market than trying to compete with others who are already catering to the needs of a broader audience. Going niche allows you to focus all your efforts to a smaller group of shopper audience and refine your relationship with them, thus increasing your chances of succeeding. It also makes the brand-building possible and a whole lot easier.
The narrower your niche is at the beginning, the better your chance of getting more sales opportunities and earning repeat customers. If possible, go for a niche you are passionate in, and accompany it with the research of industry trends and market analysis.
While it’s easy to start a dropshipping business, the fact that there are many competitors in the industry means that succeeding is not as straightforward as it seems.
However, with ample knowledge about effective dropshipping techniques, marketing strategies and the right mindset, eagerness to learn, and commitment, achieving success in a competitive industry is possible.