Many entrepreneurs have already found success in the dropshipping industry. Here you will find valuable dropshipping tips that should make it easier for you to find a suitable wholesaler. Dropshipping is often referred to in German as direct sales or drop shipping. But what is that anyway?
Imagine not having to own a warehouse to sell items conveniently and profitably. This is exactly what makes dropshipping possible. When you receive individual orders from end consumers, you can conveniently forward them to your wholesaler, who then sends the goods to your customers without you having to do anything yourself. Of course, you also have to transfer money to him that you received from the customer.
However, this is one of the few obligations you have to meet and the difference between the purchase price and the sale price is your profit.
Dropshipping has many advantages
In short, you are a reseller and benefit from the fact that you don’t have to order your goods beforehand and then sell them.
You buy via an individual order from your wholesaler at the corresponding wholesaler prices, but only after the goods have been ordered from you and possibly already paid for. And the wholesaler then sends this directly to your customer after receiving the money. This saves you enormous shipping costs and effort, since you don’t have to send your products yourself. In addition, you have no financial risk, as you really only order from your wholesaler what was previously purchased from you. And perhaps the most important thing:
You save an enormous amount of time and can only concentrate on your own marketing of your products. Because all the bureaucracy relating to shipping and storage is eliminated. In addition, the wholesaler offers the option of falsifying his company name, logo and invoice in such a way that the customer does not even suspect that the item was bought from the wholesaler at a different price. This is very important as it protects your business but also your idea. And so you can be sure that the customer will buy from you again next time.
Already widespread in America and other parts of the world, dropshipping has had a rather difficult start in Germany. There are also opportunities to order from international wholesalers, such as those from America or China.
The following tips will help you to find a suitable wholesaler: In addition, the wholesaler offers the option of falsifying his company name, logo and invoice in such a way that the customer does not even suspect that the item was bought from the wholesaler at a different price.
This is very important as it protects your business but also your idea. And so you can be sure that the customer will buy from you again next time. Already widespread in America and other parts of the world, dropshipping has had a rather difficult start in Germany. There are also opportunities to order from international wholesalers, such as those from America or China.
Dropshipping Tips 1: Do your research thoroughly
Make sure that you can find information about your wholesaler on the Internet. Perhaps you can check dropshipping forums to see if there have ever been problems or how reliable your dropshipper is. It is not only important for you that the wholesaler is reliable, but above all for your customers!
Dropshipping Tips 2: ask about delivery times
If you want to order, always find out about the shipping time. Some wholesalers may need 8 or more days processing time to ship the goods. If you have selected foreign dropshippers, then also pay attention to the duration of the shipping there. This often depends on the shipping company. Make sure that the customer who orders from you is exactly informed about the delivery times so that he can order from you next time.
Dropshipping Tips 3: keep customer contact
If a problem arises during shipping or if a shipment is delayed, speak to your customer immediately. It is important that you have good communication with the customer and that you provide information so that customers always feel that they are in good hands with you.
Dropshipping Tips 4: recognize dubious offers
Be careful with wholesalers who first have to pay a fee in order to then order their goods. These are mostly dubious offers, so you can safely select such dropshippers. A reputable wholesaler would never suggest anything like this to you.
Dropshipping Tips 5: Don’t buy lists
There are many deals on the internet with wholesalers lists that you can buy. Please note that there are as many openly accessible portals as the one mentioned above. In addition, the lists of wholesalers to be sold are mostly just money machines with outdated links that you cannot use anyway because the listed wholesalers no longer exist or have never existed. Pay particular attention to seriousness here. Because only a reputable directory contains reputable wholesalers.
Dropshipping Tips 6: note the minimum order quantity
A good wholesaler has no minimum order quantity. So please pay attention. After all, what good is it to you that you receive 100 items from a product line at a sensational price if you cannot have your individual orders sent to your customers? This is what distinguishes dropshipping from wholesale. You get single goods at wholesalers’ prices, and this is the only way to have them shipped directly.
Dropshipping Tips 7: use the variety of products
Try to contact different wholesalers and sell different products as well. Watch out for gaps in the market or for newly launched products, as this is where profit is highest. Take a look at eBay and check prices, but also your profit margin. It is always better to trade in several products than just one product line at a time.
Dropshipping Tips 8: try first!
And maybe the most important tip. If you want to order something, try the wholesaler first. Order a few items for you. So you can check how reliable your dropshipper is. Only when everything has worked can you either do another test run, because better than safe is safe, or you can start your business now.
Dropshipping Tips 9: note payment methods
Also pay attention to the payment methods. International wholesalers in particular are often only willing to make payments with transfers to your bank or via Western Union. The latter is very anonymous. And be sure of it. If you transfer money there, you will never see them and the goods again. The credit card is safer. But the safest is of course PayPal. Further information can be found at www.paypal.de. PayPal guarantees chargebacks up to an amount of 500 euros. It’s quick, convenient, and if the goods don’t arrive, book the money back.
Dropshipping Tips 10: Use many sales channels
Don’t just sell on eBay. Try to market your articles in an online shop in order to gain a greater potential of customers. Promote your shop and look for search engine optimization to keep your page at the top of Google. So you can be sure that you will be found quickly and that you will always have new customers. It also looks more serious than if you only sell on eBay. Your eBay customers will also place more trust in you when they find out that you also run an online shop.