Unless this is your first year of using the Internet, you may not be familiar with the term "dropshipping." Dropshipping is one of the most popular and lucrative businesses online. Many entrepreneurs and webmasters are using the dropshipping business model to make huge income online. One can look forward to more success stories in the nearest future. Like any other business, dropshipping has its highs and lows, advantages and disadvantages, pros and cons, merits, and demerits.
This article explains the pros and cons of dropshipping and reasons why SaleYee stands out as a great dropshipping supplier among others.
Pros and Cons of Dropshipping
If you're thinking of starting a dropshipping business and want to consider the risks involved, then pay attention to the following pros and cons.
Dropshipping Pros
1. No inventory, no problem
Typically, before starting an e-commerce business, you need a product to sell. Not just being a manufacturer, but also owning a warehouse to stock your products. This can be quite challenging for small business owners. In fact, a lot of people have given up their e-commerce business plans before getting started because of the cost of inventory. Fortunately, this issue is resolved with dropshipping.
Dropshipping business model allows anyone to sell any product with zero inventories. This implies that the sellers don't need to own the product neither do they need to rent a warehouse before selling and delivery products.
All that is required is for them to choose a dropshipping product, advertise it, convince prospects to place an order, and then make money. The manufacturer handles shipping to your client while you get a token for your hard work. It's that easy! Reliable dropshipping suppliers like SaleYee have warehouses in the UK, US, and other locations – this makes it easier to deliver products in time.
2. Easy to set up
Getting started with dropshipping business model is easy. With a website or domain name and hosting, you can get started immediately. More interestingly, you may not necessarily need knowledge of programming or coding to design your storefront. With Customer Management Systems [CMS] like WordPress or services like Shopify, you can create a beautiful store and start selling within 24hours.
3. Lots of dropshipping options available
There are thousands of dropshipping suppliers that welcome new sellers and experts alike. These suppliers have thousands of products in their warehouses waiting for the right buyers. Top dropshipping suppliers like SaleYee offer amazing services that everyone including beginners can benefit from. I'm talking about free and fast delivery, promotional sales, clearance sales, easy product selections, professional customer support team, and much more.
4. Multiple payment options
For products and services to be purchased online, there have to be effective transaction systems. Dropshipping allows multiple payment options for customers to purchase a product or service. The wide range of payment options include PayPal, Skrill, MasterCard, visa, verve, etc. Having multiple payment options on your website not only increases a buyer's chance of purchasing an item but it also reduces the number of abandoned carts.
5. Low start-up cost and time-saving
Dropshipping saves you a lot when compared to other online businesses. Here are some notable costs you can save with dropshipping:
· Cost of manufacturing a product
· Cost of owning a warehouse
· Cost of shipping
· Cost of hiring a programmer to design a website
In the long run, you'll discover that dropshipping will save you time and effort while earning passive income.
Dropshipping Cons
1. Long delivery period
Order delivery is a major challenge for dropshippers, especially those who rely on platforms that don't offer fast delivery. The delivery period varies from one Dropshipping Company to another. While some dropshipping suppliers offer 14 days delivery, others offer 4-7 days delivery. Only a few suppliers like saleyee.com offer 2 days delivery. According to a survey conducted by Statista, about 36% of digital shoppers in the United States abandoned their carts because their orders took forever to ship. Customers aren't patient to wait that long before they can lay hands on what they've purchased.
Way out: Use a platform that offers fast delivery service. For example, SaleYee is a popular dropshipping supplier that offers 2-days delivery to any location in the world.
2. Poor customer service
Providing quality customer service is crucial in any business but poor customer service is the order of the day in dropshipping business model. For dropshippers, it is difficult to relate to dropshipping suppliers.
If you get unlucky [which you will] and your supplier delivers late or ships the wrong item to your customer, then expect them to blame you. This will result in lost customers and low profit. In most cases, you won't be able to resolve the case with the supplier unless you're using a platform like SaleYee that prioritizes customer service. Only a few dropshipping suppliers like SaleYee boast an excellent customer service team that can help sellers resolve any problem within 24 hours.
3. Reliance on retailers stock
While dropshipping may save you cost on inventory, it makes you dependent on your retailer's stock. When they run out of stock, you also run out of stock. You don't have control.
How Does Dropshipping Work with SaleYee?
You may wonder what SaleYee has to do with dropshipping. Well, it has a lot and besides. SaleYee solves all the problems of dropshipping, making the business easier, faster, convenient, and with low risk. SaleYee stands out as a great dropshipping supplier among others with these distinct features.
1. Easier product selection
Sellers can take advantage of quality dropshipping products of 30,000+ profitable SKUs. Products are listed in ways that are easier to find; from categories to sub-categories, tags to price range, latest to oldest, promotional sales to clearance sales, and so on.
2. Professional customer support team
It's normal for customers to ask questions regarding shipping, partnership, delivery, payment, as well as promotional products and services. Sellers only need to contact SaleYee conveniently instead of dealing with many suppliers. Our highly-trained customer representatives are available to respond to any inquiries about SaleYee and also provide value-added services.
3. Free and fast delivery to reduce costs
saleyee.com strives to offer sellers and customers the best shipping and delivery services. By providing fast and free delivery from US/UK warehouses, we hope to satisfy our customers. Our online shopping service provides ease and convenience to customers. All products are shipped as fastest as 2-days from our local warehouses.
SaleYee Dropshipping Platform has devoted time and effort to make it easier for global online sellers to launch and boost their online business. We have turned the disadvantages of dropshipping into your advantages. Now, it's left for you to get started now.
