Is Dropshipping a Good Idea for you?
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Is Dropshipping a Good Idea for you?

Last modified: March 19, 2023

Is Dropshipping a Good Idea for you?
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Dropshipping is a great business model that is often used by some of the best small business owners across the world. There are plenty of advantages of dropshipping but there are also some disadvantages. So if you’re asking ‘is dropshipping a good idea?’ then here are some points for you to think about.

Recommended: 24 Best Shopify Dropshipping Apps [Apr, 2024]
# Name Image
1
AutoDS
AutoDS
2
Spocket-World Wide Suppliers
Spocket-World Wide Suppliers
3
Syncee - Global Dropshipping
Syncee - Global Dropshipping
4
Printful-Sell Printed and Embroidered Items
Printful-Sell Printed and Embroidered Items
5
Sup Dropshipping
Sup Dropshipping
6
DSers-AliExpress Dropshipping
DSers-AliExpress Dropshipping
7
Zendrop - Dropshipping & POD
Zendrop - Dropshipping & POD
8
Dropshipman: Dropshipping & POD
Dropshipman: Dropshipping & POD
9
AO - AliExpress Dropshipping by FireApps
AO - AliExpress Dropshipping by FireApps
10
Trendsi - Fashion Dropshipping
Trendsi - Fashion Dropshipping
11
CJdropshipping
CJdropshipping
12
DropCommerce
DropCommerce
13
Modalyst-Sell Brand Name Products
Modalyst-Sell Brand Name Products
14
Ali Orders-Fulfill Orders Easily
Ali Orders-Fulfill Orders Easily
15
Blanka - Private Label Beauty
Blanka - Private Label Beauty
16
Dropified-Automate Your Dropshipping Business
Dropified-Automate Your Dropshipping Business
17
ProductPro
ProductPro
18
Spreadr App
Spreadr App
19
Importify
Importify
20
Inventory Source
Inventory Source
21
Roxie
Roxie
22
Fulfillbot: Dropshipping Agent
Fulfillbot: Dropshipping Agent
23
KakaClo
KakaClo
24
Oberlo-Get the Best Produtcts for Your Site
Oberlo-Get the Best Produtcts for Your Site
Show More

1. Costs

The first thing to think about is whether or not you’re happy with the costs and the process of buying/selling products on your website. With dropshipping, the costs are very low. You can start your business with just the domain. You can use a free set of apps, themes and take advantage of a free trial on Shopify that allows you to very low start-up costs.

As finances are one of the main reasons why businesses fail, keeping costs down is really important. You only need to pay for stock when a customer makes an order with dropshipping. And you also only need to pay for the products that are ordered by the customer. This can save you a lot of money in the long term.

2. Ease of Building your Website

With Shopify, you can build your website within just a few hours and get selling. Building your website takes just the choice of a theme and then you can customize it with your own text and images.

Product importing is also really simple. A really good app can do most of the work for you. It can also help you to automate a lot of the fulfillment. You can fulfill your orders, in bulk, with just one or two clicks.

3. Profitability

Profitability with dropshipping can be more controlled. You can add a 40-70% profit margin to your products and this can be enough for you to make regular sales and profits. You can also use discounts to entice new customers to your store.

Profitability is also going to be achieved a lot sooner because you only need a couple of orders to pay for the hosting. If you buy a domain or have paid subscriptions for apps, this can take longer, but still, you don’t need hundreds of orders to make a profit on your website.

4. No Stock

Another benefit of dropshipping is that there is no stock handling. Therefore, you can save on costs like for storage and stock buying. However, it can also help you improve your time management, allowing you to spend more time marketing your brand and products.

This can also mean that you don’t lose stock from damages in transport.

Keep Reading

Final Word: Is Dropshipping a Good Idea for you

Is dropshipping a good idea? In many cases, it is one of the most profitable and simple business models that you can use to create a new business. You don’t have to dropship forever, eventually replacing the products you dropship with your own, but if you want a good business now, dropshipping can be a great option.

Keep on reading about Dropshipping on Shopify. For example How to Set Up a Dropshipping Website and What Is a Dropship Store. Both part of our Shopify Dropshipping Apps and Shopify Dropshipping Themes lists. You can read more about Dropshipping on Shopify with our ultimate Dropshipping on Shopify guide.

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