Shop Dropshipping is a fulfilment model that allows you to buy products individually from a wholesaler and ship them By aiccih eveincaioned e a “ia YNDropshipping is appealing because IT IS EASY TO SET UP. Initially, you only need to choose products, find where to sell and market them, and then get a customer to place an order. After you make a sale, your SUPPLIER DOES THE REST Drop|'s,AN Seni EASY TO START shipping jusinessDROPSHIPPING GIVES YOU ACCESS TO SELLA WIDE RANGE OF PRODUCTS In dropshipping, you have access to THOUSANDS OF PRODUCTS to add to your store. When you have access to a wide selection of products, it's easy to change your PRODUCT LINE AT ANY TIME, which lets you react to market trends and customer feedback quickly 4 ¢ c r SShop YOU DON’T NEED AN INVENTORY TO RUN YOUR E-COMMERCE BUSINESS When you don’t need to order and stock inventory yourself, inventory management of products becomes automated. This way, you save on warehousing costs and can begin selling right away. You don’t need to package your products, the suppliers do all the storing and packaging for you. DROPSHIPPING assists you to sell products without having an inventoryshop DROPSHIPPING IS AN AMAZING WAY TO GENERATE PASSIVE INCOME |. Through dropshipping, orders can be generated anytime and anywhere. By this way, dependencies to buy a product reduce at large and sales increases. 2. Shipping can be a complicated part of running a business. By using a supplier instead of shipping products yourself, you can save a lot of timeShop WITH DROPSHIPPING, YOU CAN SET UP A BUSINESS Quickly OQ(Qess* Oe A major benefit of dropshipping is how quickly you can os set up a business. Itis difficult to know what's best for your business without feedback from your customers. » i Ifyou tounch your business early then youre abl o \ ) YY 1 grow your business with your customer's feedback and @ , lessons you've learned in mindShop ELIMINATE THE RISK OF GOING INTO DEBT TO START YOUR BUSINESS It requires a lot of capital to stock a warehouse. Instead of purchasing an extensive inventory and hoping that it sells, you can start a dropshipping business with zero inventory and immediately start making moneyShop EXPERIMENT MORE WITH MINIMAL RISK If you know a product is selling well for another retailer or reseller, you can immediately offer it to your customers without waiting for it to arrive in your warehouse. Dropshipping allows you to test new items without the risk of carrying an obsolete inventory. You only pay for what you sellshop DROPSHIPPING ALLOWS YOU TO HAVE MORE HANDS-ON MARKETING After you build your business's online presence, a dropshipping business lets you focus on marketing. It can be hard to find your customers, which is why it's important to try as. many different types of marketing as possibleShop HOW DOES DROPSHIPPING WORK? IS IT RIGHT FOR YOU? THE WORKING PROCESS OF DROPSHIPPING IS QUITE ‘SIMPLE. IT INCLUDES 3 SIMPLE STEPS AS FOLLOWS: 1. The store owner publishes products he wishes to sell on his online store. The customer sees the product and places an order on the website, 2. The retailer receives details about the order and forwards the details of the customer and order manually or automatically to the dropship supplier. 5. The supplior then packages and ships the required products directly to the customer with the store owner's branding This is an attractive business model as it eliminates the warehousing cost of the store owner. Also, he need not have physical business location CUSTOMER ‘DROPSHIP SUPPLIERShop 2 THINGS TO CARE ABOUT WHILE STARTING YOUR DROPSHIPPING BUSINESS 1. Less Control Over Order Fulfillment and Lead Times- The manufacturers and wholesalers you do business with ore responsible for managing and shipping your stock. if they screw up, the customer complains to you or buys from your competitor. IF you start a dropshipping business, make sure you work with high-quality portners 2. Wrong Niche Selection- If you select a niche without proper research then you might suffer. You may find yourself in a highly competitive dropshipping niche or a niche which no one Is interested inShop BUSINESS MODELS FOR E-COMMERCE BUSINESSES B2B: Business-to-Business Business to business eCommerce, or B2B eCommerce, is an online business model that refers to business transactions between two businesses, rather then transactions between a company and individuol consumers. Typically, B28 eCommerce facilitates transactions between a manufacturer and o wholesaler, or a wholesaler and a retailer B2C: Business-to-Customers B2C, or business-to-consumer, is used to describe « commerce transaction between @ business ond an end consumer. Traditionally, the term referred to the process of selling products directly to consumers, including shopping in-store or eating in a restaurant. Today it describes transactions between online retailers and their customers,shoot MINDBLOWING FACTS ABOUT DROPSHIPPING 1. Manufacturers who participate in dropshipping are 18.33% more profitable than manufacturers who rely on conventional channels, since theyre not as dependent on the inventory space of retailers. 2. Day of the week with the largest amount of sales is Saturday & Day of the week with the lowest amount of sales is, Wednesday. 3. 11's estimated that there will be 2.05 billion global digital buyers in 2020. 4. The reason why people shop online is that they're able to shop anytime and anywhere as online shopping is available 24*7 Digital buyers in billions.pay ep 247 ay scempoe per ane aden pes onan cae gong tap corer evans Conan ceva inene pice osetwereiosnmyehicooty Source: Global onlin consumer report 5. On average, 2.72 percent of eCommerce website visits convert into purchases. 6. There ore more than 286 million Active PayPal Accounts in the world. 7. Abandoned Cart Emails Sent within 20 Minutes Have an Average Conversion rate of 5.2 Percent. 8. Fifly-One Percent of Consumers ust Companies Who Make It Easy for Visitors to Contact the People behind the ‘Company.Shop SUMMARY & CONCLUSION 1. The Internet has led to the birth and evolution of E-commerce. E-commerce has now become a key component of many organisations in the daily running of their business. 2. As the intemet and in turn, E-commerce has developed, and continues to evolve and grow, itis vital that any organisation, in any particular industry, must base its strategic planning around such a rapidly growing medium,