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Seven Steps To Opening A Successful Dropshipping Store In 2021
By Ricky Hayes
Oct 26, 2021
Starting a dropshipping business is a great idea to step into the world of eCommerce. You can build your store, sell products and earn profit. And the best part is, you don't need to invest in a huge inventory to get started. You only have to pay the supplier when a customer buys from your store.
But, dropshipping requires time and effort, like every aspect of eCommerce. In this article, we'll discuss seven steps to build a successful dropshipping store in 2021. Let’s dive in.
What Is A Dropshipping Business?
Dropshipping is when an entrepreneur runs his store without holding any inventory. He displays the products on his website and collects orders. The supplier will take care of all the packaging and shipment. The entrepreneur will keep the profit from the sale and send the cost of products to the supplier.
Still on the fence about starting your dropshipping business? No problem. The following stats will change your mind!
In 2017, the dropshipping model made 23% of all online orders worldwide.
27% of online sellers run dropshipping businesses.
Suppliers make 18.3% more profit selling to dropshippers than selling on their own to the customers.
Dropshippers earn 50% more profit than sellers who buy their inventory.
Dropshipping is a promising model, right? So how can you get started? Let's move on to the next part.
Seven Steps To Opening A Successful Dropshipping Store In 2021
1 - Choosing A Dropshipping Business Idea
Everything you need to grow your store, all in one place
Everything you need to grow your store, all in one place
Everything you need to grow your store, all in one place
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