Tips On Dropshipping
Dropshipping can be an excellent way to make money online. It enables entrepreneurs to sell goods without having to carry the inventory. The manufacturer of the product creates, packages, and ships the item out to your client for you hence making this a low- maintenance business model. Here we have compiled a list of some of the necessary techniques/ tips that will make your dropship a success. Some of the e-commerce websites like Amazon and eBay enables sellers to place their product listings in front of the large audience with minimal processing fees.
Here is the list of some of the tips that will make Dropshipping a success
Offer extraordinary customer service
Most clients fear ripped off when shopping online especially with online marketplace places or auction sites such as eBay.com. Even though you depend on the supplier directly shipping to your clients, you’re the one responsible for the whole customer experience. So there is no reason you can’t provide exceptional customer service. Giving refunds and responding to client inquiries is very important – a swift and personal response will suppress their concern and inspire them to continue shopping with you.
Write your customer thank you cards if they purchase from your store over and over again. Do whatever it takes to make each client feel valued and appreciated.
Create a fantastic offer
Creating a compelling offer/ giving product bundles is something else you should consider. Don’t be the store owner who fails to include packages or sales. Bundling can significantly reduce the shipping costs especially if all the products are coming from the same warehouse. This strategy offers you with a huge price advantage over the competition.
If you see that a particular item is selling well, but you don’t have this large margin on it, you should look around at what people would like in conjunction with that item and bundle them together. For instance, if you’re selling hair extensions, you bundle should include more hair extensions.
Don’t lose control of the pricing
The reason millions of online customers flock to auction sites like eBay on a daily basis is the promise of getting the best price for the products they purchase. This can a big
challenge dropshippers since while the final sale price fluctuates, the supplier charges the fixed price no matter what. In this case, it is better to pay the difference yourself, as long as it is not a huge sum than to charge the buyer extra. This will help maintain an excellent customer experience. Once the client has made their purchase, you can now make the appropriate change to the price.
Watch out for the unreliable suppliers
There are countless suppliers to be found on the internet, but many dropshippers fail to adequately evaluate the ones they pick before attempting to make sales on Amazon or even eBay. This little mistake can easily backfire in the form of poor-quality dropshipped products and late deliveries. What most retailers don’t know is that buyers don’t go to the supplier for what they need, they look to you to provide them with the products they paid for promptly and quality they expect.
Find a niche in which to specialize
One thing you should consider before building out a niche store is to find a niche and stick with it. If you want to succeed in Dropshipping, it is better to specialize in a certain product or niche. The niche store enables you to focus finding the right audience for the products. And if you’re planning to expand your niche store into other product categories, it is wise not to include your product name in your domain. A good example is Amazon, which started as an online book store and now is a store which sells everything.