Drop-shipping Business Opportunities

Drop-shipping is a fabulous way to gain passive income—all without needing to handle inventory, returns, or other logistical challenges. While it isn’t exactly new, savvy entrepreneurs are continuing to create six-figure businesses (or more) by leveraging drop-shipping.

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Shopify, which is one of the world’s largest and most popular websites for drop-shipping defines drop-shipping as “a retail fulfillment method where a store doesn’t keep the products it sells in stock. Instead, when a store sells a product using the drop-shipping model, it purchases the item from a third-party and has it shipped directly to the customer. As a result, the seller doesn’t have to handle the product directly.”

To reiterate, drop-shipping is so powerful because the seller doesn’t need to touch the product. There is no need for a warehouse, storefront, or any other brick and mortar location. Instead, you source your product from a manufacturer or wholesale, set up a digital store, and sell that product to customers all around the world. It is an extremely empowering type of business model, as a single person located anywhere around the world can sell a physical product—all through their laptop. There are many different places where you can open a drop-shipping business. However, some of the more popular sales channels are Amazon, Shopify, and eBay.

To understand a basic definition of drop-shipping, we can look to of Covid-19 and the subsequent lockdowns, many of us have been doing more of our shopping from home. According to first-quarter 2020 e-commercee-commerce data from the U.S. Department of Commerce, consumers spent $146.5 billion on e-commerce, a 14.5% increase year-over-year. More telling is the fact that this period only captured two weeks of Covid-19’s full effect on U.S. retail.

Online shopping has increased by 50% in China, and in Italy by 81% compared to the last week of April. Also, US consumers have largely followed the same trends.. And in Nigeria Jumia and Konga are cashing on consumers shifft online with up to 60% increase in sales.

Covid-19 crisis impact on retail is already significant, emerging evidence points to a significant shift as customers scale back their shopping in stores and instead go ONLINE, e-commerce now seems to be the new business Platform. With offline shopping collapsing, Business owners need to focus on fortifying their web presence and, in most cases, build an online business.

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It is really easy to use e-commerce platform that offers cross functional use, easy set up, optimization, and can be used by even the least of persons with no basic understanding of what digital is. In a time like this, one can only think of a structured and obviously remote way to keep up with sales as an entrepreneur.

While it’s foolhardy to predict the future, it seems clear that e-commerce, and in particular drop-shipping, will become even more central in the months ahead. Drop-shippers who sell a high-quality product will, in all likelihood, be in better shape than brick and mortar retailers. This reason (among others) is why drop-shipping continues to be an exciting opportunity.drop-shipping continues to be an exciting opportunity.

Fiverr currently offers dozens of services catering to the needs of veteran or aspiring drop shippers, from digital marketing and graphic design to web development and more, Whether you’re just getting started or have prior experience in the drop-shipping world, our tools can help you build and manage your own drop-shipping business online.


 


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