From comments and questions I have received, many people are becoming interested in starting their own dropshipping business. They now have an idea on how to go about it. As promised, I will be touching the benefits of Jumia dropshipping.
It is important to note that Jumia has played a great role in Africa’s economy. A large part of Africa’s population is currently turning towards online purchase. And when we talk of online purchase, Jumia is the household name on many lips. Any one choosing to start a dropshipping business in Cameroon will first of all think about Jumia because it carries about three quarters of the market share on e-commerce.
One of the main benefit of Jumia dropshipping is that it gives you the opportunity to boost and market your brand to millions of people. This market is not limited only to Cameroon but in many other countries across Africa and the world.
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One of the best benefits of Jumia dropshipping is that you don’t need to spend large sums of money to rent a warehouse. As earlier mentioned What Are the Benefits of Dropshipping, you don’t need a shop or stock to start a dropshipping business. You just have to negotiate with a supplier or manufacturer to supply your customers after they place their orders.
To start a Jumia dropshipping business, you just need a supplier and set up your online store on Jumia Seller Center. It is very easy to start since you don’t need physical inventory.
One of the greatest benefits of dropshipping with Jumia is that it needs very little investments. You can launch your own online store on Jumia Seller Center without having to put in hundreds or thousands of francs cfa into inventory.
Last December 2018, the United Nations Conference on Trade and Development, UNCTAD, in Nariobi, Kenya, ranked Cameroon 10th largest e-commerce country in Africa. By the end of 2016, Jumia alone is reported to have had 19.46 million subscribers.
Jumia has the largest share of the e-commerce market in Cameroon. 24.2% of Cameroonians now have access to the Internet and according to Jumia, 65% of its orders are done online using mobile phones in Cameroon. This means having Jumia as your sales channel, you can expect huge returns due to exposure.
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NB: This newsletter has been prepared for information purposes only. It is not intended to provide, and should not be relied on for, tax, accounting or legal advice. You need to consult your own tax, accounting or legal advisors before engaging in any transaction.