Start Dropshipping business in Ghana
Start Dropshipping business in Ghana. Dropshipping is a term that has been around for quite a long time. This term must be common to online gurus and those into online marketing. however, newbies to the online business may find the term ‘Dropshipping’ quite difficult to understand.
WHAT IS DROPSHIPPING?
Dropshipping is a type of online business which involves buying and selling of products without having the stuff of your own. All you do is work with suppliers by selling their product which you have displayed on your online store or eCommerce website.
HERE IS HOW IT WORKS.
You contact a supplier and display his products in your online shop. A customer or visitor place an order, you as a retailer quickly forward’s the order with the required details to the supplier. The supplier packages the order and sends it to the customer on your behalf. In the end, you are paid commissions by the supplier. THUS ALL!
THINGS TO CONSIDER TO Start Dropshipping business in Ghana
YOUR ONLINE SHOP
You must have a stunning online shop or e-commerce website to start your dropshipping business. Your website must be user-friendly and must have the necessary features working. Your shop must be able to retain visitors to generate sales for you. WordPress, Wix etc. these are the platforms that can help you create stunning online shops with simple clicks.
PRODUCT SELECTION-Dropship digital products
The type of products you will be dropshipping plays an important role in the success of this business. Below are some steps you must consider to choose products. I highly recommend digital products!
PRICE OF PRODUCTS
Be smart to know the pricing of the products you may be retailing on your shop. Consider the wholesale price and the retail price and try to figure out the profit you could make on a sale. Lower priced products may generate more sales with minimal profits for you. So think well!
SIZE AND WEIGHT OF PRODUCT
This factor must be carefully considered. Large and heavy products may require more shipping fees, you can still make profits from large products though but play safe start with small products first.
CHECK RATE TURNOVERS.
Be updated with how frequent the prices of products you may be selling would change, updated or discounted.
GETTING A GOOD SUPPLIER to Start Dropshipping business in Ghana
Here is another factor you must consider carefully. Getting a supplier may look easy but could put you in trouble if not properly selected. I advise you move to online shops like aliexpress, eBay etc. and get a tall list of suppliers from which you sort out the ones you want to do business with based on your taste of products.
Below are some questions you could ask while looking for a good supplier.
- What’s your price range?
- Is there any cost to the main cost of the product?
- Are your prices negotiable?
- Is there anyone to reply to your emails or calls?
- Do your prices fluctuate?
- Do you have a guarantee for your products?
- What margin or percentage of profits should I expect?
The above questions could earn you a good supplier!
SOME BENEFITS OF DROPSHIPPING IN GHANA.
Less capital needed
You don’t need thousands of cedies to start a dropshiping business. All you must have is an online shop, suppliers and you are ready for business!
Easy to start
It is much easier to handle since you don’t need warehouse or storerooms to keep products. You will never interact with products yet make money!
Always base your product selection on research and analysis. Don’t be eager to sell what others are selling all over the internet.
Again never allow your personal interest in a product course you to go for it.
THIS POST HAS ALL YOU MUST KNOW TO START DROPSHIPPING NOW!
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