Dropshipping
When eCommerce store owners want to scale their business to 6 and 9 figures, they contact (Orbcord). Why? Simply because we have 20+years of knowledge and expertise in eCommerce Growth.
eCommerce store growth isn't just about what systems to use or how technologically advanced your store is - technology isn't the only factor. Hitting and surpassing your sales goals is what's most important. You do this by reaching more people, and the only way to reach more customers is for your products to be seen when people search online.
That’s where Dropshipping comes into play. Dropshipping is a great way to get started or expand your current business. Companies like Wayfair and Skymall started with Dropshipping. Remember that company above that grew over 9000%? Along with great marketing, Dropshipping was a primary driver for growth.
Reasons to Dropship:
- No large upfront cash investment, unlike warehousing your own product.
- Use your existing staff and space (more volume will create some new requirements).
- Automation. When someone buys a dropship product, automation is your friend. Order fulfillment, shipping, and tracking can all happen behind the scenes.
There are some caveats to using third-party fulfillment:
- Margins are low compared to buying wholesale.
- Returns need more attention.
- Good partners will ship orders the same day, so it may be difficult to cancel an order because it’s already on the truck.
There are a ton of articles online about dropshipping. One of the most noted things about the dropshipping process is that “you buy low-quality products from another country with the only drawback being the tremendous wait times for delivery”. Meanwhile, a main pro is that it’s the best way to sell products because it's more cost-efficient. While it works, the process is tedious, and worse, makes it harder to build a brand following.
The only way to decrease the stresses of dropshipping is to get more handsoff. That means being more automated, and with (Orbcord's) industry-leading expertise, you can take full advantage of all the great things about the dropship process and focus on expanding your eCommerce store rather than working in it.
Though there are some potential drawbacks to dropshipping, through automation, your time and labor decreases drastically making it a great option for expanding your existing store or starting your own eCommerce store.