For those who don’t know, drop shipping is actually a very effective supply chain management method in which the retailer doesn’t keep the physical stock of the products that are to be sold to the customers. Instead, all the customer orders are handed over to the manufacturer, another retailer, or wholesaler along with the shipping details of the customer.
These entities then ship the orders to the customer directly. The retailer either gets a percentage of profit, or gets the profit that is the price difference between the wholesale, and retail price. If you’re learning more about drop shipping, you may want to check out Chris Reamfields regarding a short critique and his dropshipping quest.
While we’re going to focus some important things you should know about drop shipping.
Making a Presentable Website is Good
Customers like to shop on websites that don’t overwhelm them or make them feel at unease, if you’re planning on selling your products online, make sure that you actually make your website good. It should be presentable, easy to navigate, and most importantly, properly managed so people don’t have to look in different sections for the items they want to buy.
Create Compelling Offers
If you want to see your products getting sold, you need to create compelling offers in order to make that happen. Instead of just selling the items at a fixed price, you should hold sales, or bundle offers; believe it or not, people like spending money on items that are on sale, or being given in bundle offers because it creates a sense of belief that they’re getting more for their money, which actually happens to be true.
You need to give something to the community so they can give some back to you.