Drop-shipping is a system of business in which the person does the marketing of the products without actually purchasing the same. Business is advertised online by advertising goods and services of big business companies. Learn drop-shipping strategies and ways in this course module.
Digital Marketing Course Module
What you will learn in this module of the Digital Marketing Course.
- Introduction to Drop Shipping
- Understand How Drop-shipping Business Model Work.
- Basics Requirements for Setup Drop-shipping Business
- Drop-shipping Platforms (Indians and Internationals)
- Finding Profitable Products with High Margin and Demand.
- Setup Website for Selling Guide for Drop-shipping
- Shopify Vs Woo-commerce
- Using Woo-commerce for Drop-shipping
- Product Listing and Managing for Drop-shipping
- Connecting Website with Drop-shipping Portal
- Drive Traffic to your Drop-shipping Portal using Digital Marketing
How to make money with Drop Shipping
Dropshipping is a system of trade in which the company enters into an agreement with certain suppliers and manufacturers to market their products. The company conducts business through digital marketing. It puts the products of suppliers and manufacturers on display on its website. It can also be considered as online marketing.
Drop-shipping is the easiest and fastest way to earn money without inventory and much investment. As a drop-shipper, you can sell products of other people and earn income. In the dropshipping module, you will learn to reach your target customers and encourage them to make conversions. You can link your website with the shopping cart and perform various strategies like blogging, social media, ads, etc to tell people about the products. You can use digital marketing skills and strategies to target more users and thus increase your conversion rate.
Amazon is an amazing platform for drop-shipping by Amazon FBA.
How Drop-Shipping works
- In this, the drop-shipper enters into a contract with various big business professionals and managers to do the marketing of their products online.
- The mediators or drop-shippers can get orders and inform about the order to concerned companies and manufacturers.
- They, in turn, supply those orders to the customers. and the payment is collected.
- The payment has to be reached to the supplier, manufacturer or business, then they provide the concerned amount of commission to the drop-shipper.
Benefits of Drop-Shipping
Increase Customers
Through drop shipping, wholesale customers can be increased as the products can be displayed in their physical as well as online stores and market the product directly to their line of customers. It has the potential of an advertisement on a wide range of customers through the whole-seller showrooms and stores. Digital marketing makes it possible to display the drop-ship products to a larger area through online services and the stores of the wholesale supplier or manufacturer.
Save Money and Require Less Efforts.
Dropshipping business can be done with very little money. Since there is no need to buy and keep as well as maintain the inventory of the goods that are being offered for sale. There is a huge saving in expenditure and the likely interest that may be required to be paid if the money is borrowed to start the business to be set up. There is also less risk of loss as payments are made only after receiving the payment from the consumer.
Very Limited Capital Requirement
Dropshipping of products through digital marketing is very economical in terms of expenditure. Dropshipping makes it possible to start e-commerce stores with comparatively less capital investment. In this system, the payment of a product to the wholesaler is made after it is received from the customer.
Drop-shipping is Easy to Start
It is very easy to start a dropshipping business online. There is no need to physically deal with the products. Physical handling of the goods is done by the supplier. There is no need to worry about handing return or inbound goods. Dropshipping eliminates the requirement of managing stock records also.
Flexible Location
Not much equipment is required to start the business. There is no limitation in the selection of business locations. It can be started from anywhere. It can be started even from home. All that is required is a simple laptop with an internet connection. Very small office space is required. Very little expenses are needed by way of recurring expenditure.
Wide Range of Products can be Marketed and Advertised
Since the items that are proposed to be offered through dropshipping are not required to be pre-purchased and kept in store for supply, there is scope for including an array of trending products to the potential consumers. Moreover, in case any producer or supplier makes an addition to the range of its products, it can be added to the list of your website for sale also.
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