These last few years have been very exciting for entrepreneurs or companies who are looking to build an ecommerce business. A decade ago, launching an ecommerce platform, integrating your payment processing, calculating local, state, and national tax rates, building out marketing automations, integrating a shipping provider, and bringing in your logistics platform to move a product from sale to delivery took months and hundreds of thousands of dollars.
Now, launching a site on an ecommerce platform like Shopify or BigCommerce can be accomplished in hours rather than months. Most have payment processing options built right in. And modern marketing automation platforms like Klaviyo, Omnisend, or Moosend bolt right on without anything but the click of a button.
What is Dropshipping?
Dropshipping is a business model where you, the retailer, don't have to store or even handle any stock. Customers order products through your online store, and you alert your supplier. They in turn process, package, and ship the product directly to the customer.
The global dropshipping market is going to each almost $150 billion this year and should more than triple within 5 years. 27% of web retailers have transitioned to drop ship as their primary method of order fulfillment. Not to mention 34% of Amazon sales were fulfilled using a dropshipper in the last decade!
With dropshipping platforms like Printful, for example, you can begin designing and selling products immediately. No need to handle stock, or worry about production… your dropshipping business is simply you managing, optimizing, and promoting your products online with no other complexity.
How To Start A Dropshipping Business
Website Builder Expert launched a new infographic guide, How To Start A Dropshipping Business. The infographic guide uses the latest statistics and research based on insights from the Dropshipping experts we spoke to. Here's what it covers:
- What Dropshipping Is and How It Works
- The Latest Statistics of Its Impact
- The 5 Steps to Starting a Dropshipping Business
- 3 Common Dropshipping Mistakes To Avoid
- Busting Common Dropshipping Myths
- The Main Pros and Cons of Dropshipping
- Ends by Asking: Should You Dropship?
Disclosure: I'm using my affiliate links for the platforms mentioned in this article.