There's a lot of opportunities with a dropshipping business, that everyone should be taking advantage of. It's one of the fastest way to earn with eCommerce. We're here to drop 10 reasons why you should jump into action and start with this amazing opportunity.
1. LOW STARTUP COST
Luckily starting an eCommerce business is a low startup cost, especially when you're doing the business by dropshipping. It's even more affordable when you do everything yourself in the beginning, instead of paying $20, 000+ to get someone else to do it for you. You're better off purchasing a training program that teaches you exactly what to do at a lower cost such as our DIY Amazon Automation for $1297 than paying $20, 000+. We'll dive a little deeper when it comes to the profits later on.
2. ZERO STOCK/INVENTORY
Another great reason to start a dropshipping business is you don't need to have stock or inventory at your home or your warehouse or whatever the case may be. Your supplier would carry that stock for you. Best part is you're not spending money on these units UNTIL you make a sale.
3. YOU DON'T NEED A WAREHOUSE
With dropshipping you don't need to rent or lease a warehouse which can cost a lot. Or if you're selling on Amazon, the best way is doing FBM which is 5x cheaper than FBA. Doing FBA and using Amazon's warehouse is just an unnecessary cost, and you're spending money on units upfront not knowing if the product is going to sell or not.
4. LOW RUNNING COST
With an eCommerce business an awesome perk is the low running costs. Any platform you use whether it's Amazon, Shopify or eBay the cost per month is below $100 (keep in mind for Shopify it doesn't include apps). For your dropshipping business you should have a minimum of $500 for running capital.
5. CAN WORK ANYWHERE
Having a business online is the absolute best! You can work anywhere. You can work in your office, on the couch, in the kitchen, and maybe by the poolside. It's wherever you feel most comfortable.
6. YOU CAN SELL ANYTHING
Being able to dropship with your business you don't need to focus only on one item. You can pick multiple categories and within those categories, their subcategories. You'll be able to SCALE and GROW your business by being able to sell anything and everything and not limiting yourself to one product.
7. ABILITY TO AUTOMATE
You can easily automate your business whether you want to automate a few months down the road or right from the get-go. You don't need to dish out a huge sum just to automate your business. You can hire amazing virtual assistants that will do great work for you (just make sure you do your due diligence before hiring them). You can automate your business at the pace you want.
8. YOU CAN SELL/SHIP CAN BE DONE ANYWHERE
It pretty much says it all. You can be located in Europe and sell in North America or vice versa. You don't have to worry about shipping products overseas. You find local suppliers in the country you're selling. It's really that simple.
9. 100% PROFITABLE
Remember earlier when we mentioned about paying $20, 000+? If you decided to take that route and have someone do all the work- they will take a chunk of your profits. Even though the business itself is EXTREMELY PROFITABLE, it may take a long time to see that initial investment back. Since people don't see that initial investment, they start believing that this business isn't as profitable. However, if you did the work yourself, you'll see your initial investments within the first month and keep all your profits. Taking this route is how it becomes 100% profitable.
10. YOU ARE THE BOSS
Need I say more? It's the best feeling that you don't have to answer to anyone but yourself. You are in control of your business. You call the shots.
There's definitely more reasons as to why you should start your own eCommerce business. Having your own business, and being able to scale and grow your business will get you one step closer to your financial freedom too. So, what are you waiting for?
WRITTEN BY: Leslie Lazaro