Interested in drop shipping? Here's what you need to know
Drop shipping is no stranger to those who are looking for a low-risk business model in Malaysia.
These days, there are more and more people who are interested in becoming a drop shipping agent. All thanks to the birth of e-commerce platforms like Shopee and Lazada, to name a few.
Are you interested in drop shipping too? That sounds great! Keep reading this, and you are in good hands.
There are many advantages when it comes to drop shipping.
What’s not to like? It is a low-cost business in which you can get started anytime. You don’t have to worry about keeping stocks, and caring for the inventory of the products.
All you have to do is to promote the products and collect orders from your customers. If you want to get started, here are some of the things that you need to know about drop shipping.
Choosing the right product matters the most
Drop shipping is an excellent side-income business that can help you gain profit, particularly if you are selecting the right kind of product to sell.
If you are new to the world of drop shipping, it can be overwhelming at first to choose the right products because as you can guess it - there are so many products to choose from!
Some might opt to sell products based on the market trend because there is a growing demand for the product. The best part is, you don’t have to try hard to acquire customers because the products are a hit.
But in the end, it all boils down to your target market.
It will be best for you to choose a product based on your targeted audience. For instance, if you decide to be a K-pop merchandise agent, then you have to sell it to its own fan base.
Other than the choice of product, you need to think about the suppliers. Will they be able to handle your incoming orders if they come in bulk?
Building a good relationship with your supplier will benefit you in the long term, and helps to ensure your orders are fulfilled promptly.
Besides, it will be best if you keep yourself updated with the latest product your suppliers can offer so that you can sell a variety of products to your customers.
2. Test your product and order
One of the common mistakes drop shippers always do is that they are not testing their products firsthand before selling them.
Although as a drop shipper, you can sell a product without getting your hands on them because you don’t have to deal with the shipment.
However, there are risks involved when you are selling products that you have no knowledge of or when you have no clue about its ordering process.
Drop shippers must test the product first before selling it.
Why? Because at the end of the day, you would want to sell high-quality products to your customers with the best customer service.
To eliminate any snafus, you need to check the quality of the products before you decide to sell them. What would be better than to test them yourself?
For order processing, you can conduct an order test by purchasing the product as a customer.
By doing so, you would familiarize yourself with the flow of the ordering process, which would tremendously help you to provide explanations to your customers.
3. It can be challenging but rewarding
The concept of drop shipping may sound easy for some people.
But the real challenge is to how you can stand out amongst other competitors. You are not the only drop shipping agent in your area and chances are, your friends are selling the same products too.
It is what you do differently in marketing your product that can set you apart from others. In a way, you are competing with others.
Hence, you need to devise your strategies and try to market your product differently to attract your customers.
See how successful businesspersons sell their products and apply some of the tactics they employed for your business.
You will learn not only on how to manage your business, but also how you can grow your business with effective marketing strategies.
Some companies will provide their drop shippers with guidance on how to start selling, copywriting and photos of the products. Don’t be afraid to try something new because it could be a rewarding experience for you to grow as a business owner.