By having your products shipped directly from the supplier straight to your customer, you can save on shipping and warehousing costs, delivery time, and the hassle of managing your own inventory. Traditionally, merchants spend thousands of dollars on inventory investment. While average margins may be lower compared to other retail stores that stock their own inventory, there is no risk of a “bad buy” with dropship manufacturers.
At the time of sourcing a particular good or item from China, you’ll need to research the rules that you have to obey strictly. The number of regulations will depend on the type of product you’re purchasing. This is always a requisite for any sourcing of Chinese wholesale products. Not knowing the rules of sourcing products from China manufacturers is the basic difficulty most business owners find doing business with Chinese companies.
Maintain Effective Communication
After finding good dropshipping suppliers, forming effective communication is important. Two-way communication is at the heart of any strong business relationship. If you don’t talk to your suppliers, you can’t learn enough about them to build mutually beneficial arrangements. If your business has the resources, consider creating a communication network with your dropshipping suppliers.
If you can find a trusted dropshipping supplier, it is possible to launch a store without having to invest thousands of dollars in inventory in advance. You do not buy the product until a customer has made a purchase. This means low start-up costs and reduced financial risk. If you don’t have substantial capital, you can probably start with a dropshipping business. Alibaba, SaleHoo, Shopify and many other dropshipping sites come in all shapes and sizes with different pricing plans you can select.
Manufacturing price that sounds too good to be true might be a trap for the scammers. Inexperienced importers fall victim of the deception and select the cheapest price. They have no idea that this move is going to cost them dearly at the latter stages. Most of the time foreign importers are lured with amazing product images and unrealistic assurances by the manufacturers and the importers went on to make the deposit without visiting the factory.
Aliexpress has been in the dropshipping industry for the longest time. This company provides a wide variety of products available to all consumers of different types. They offer retail and wholesale products. We all know that availing products by the bulk will definitely come out cheaper but can only apply to a large scale of purchasing which is used by distributors who also wish to sell it at a retail price. They have available coupons and promos all year round both for retail and wholesale.