What Are the Benefits of Dropshipping
In my last post, I explained how you can launch a dropshipping business in Cameroon with little startup capital. I explained to you the two ways in which you can use to start one. You can either choose an already existing platform like the Jumia Seller Center or start your own dropshipping e-commerce website. There is also no harm in doing both – the essential is that you make some cash out of it.
Benefits of dropshipping
I will share with you some benefits of dropshipping to help you see why you need to start your own dropshipping business now before the sector becomes saturated. One of the main advantages of dropshipping is that you need very little funds to start with.
Dropshipping helps make a seller’s life easier and may also also come with its own pitfalls. This is why you need to get some basic knowledge and practice in order to avoid time-consuming and costly mistakes. You can get in touch with us for more coaching on how to start a dropshipping business in Cameroon.
No need for inventory
If you ask my opinion, this should be one of the biggest benefits of dropshipping. It is also one of the reason I am writing about it. That is, to share businesses that you can start with very little funds.
The dropshipper doesn’t need to carry any inventory. This makes it less risky and less work for the owner. Very little costs is incurred as you don’t need to spend on a warehouse to hold stock.
Low startup cost
As said above, dropshipping business is a low cost business model. This are the reasons:
- you don’t need a warehouse to stock goods
- you don’t even need to purchase the products in the first place except a customer places an order and
- you don’t need to hire someone to manage the product shipping. The only expenses will be the cost of goods (in case you have to pay before), advertising and website (in the case where you own your website). With Jumia Seller Center, the last two are taken care of for the dropshipper.
Dropshipping saves sellers time
One of the best benefits of dropshipping is the fact that it is a great time-saver. The dropshipper spends more time marketing products since billing and shipping are handled by the supplier.
You can drop a product at any time if it is not performing well. Just compare this with the case where you have bought stock in advance. You may end up stocking or throwing away goods that doesn’t perform well in the market. One of the benefits of dropshipping is that you can offer a variety of products in large numbers without worrying about storage or financial outlay.
In my next post, I will be talking about dropshipping with Jumia. You will also be seeing the advantages or benefits of Jumia dropshipping. Make sure you keeping reading our blog in other not to miss this opportunity of learning a business where startup capital is low.
If this post was helpful, share with others for someone out there needs something to do to earn some income. Keep reading and getting inspired!
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This content 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.