Still Not Dropshipping? 8 Reasons to Start Now

Maybe you were the kid who had an Instagram following for your lemonade stand. Or maybe you were the Girl Scout with a mission statement and marketing plan when cookie season rolled around. Then again, maybe you dream of being your boss and being financially independent, but you don’t know how to make that dream a reality.

However the entrepreneurial spirit moves you, dropshipping is a solid path to business ownership. If you’re considering dropshipping, we have 8 reasons to start now.

1. What Is Dropshipping?

Dropshipping is a retail business model in which a supplier handles inventory management and shipping while you build an online store, attract customers, and sell products. There are several advantages to dropshipping, including low start-up costs, flexibility, and fewer risks than a traditional retail store.

Dropshipping isn’t a get-rich-quick scheme. Rather, it’s a legitimate and potentially profitable business model. Dropshipping is an excellent option for people with a passion for starting and growing a business.

 

2. The Market for Dropshipping is Massive—and It’s Growing

Online shopping is taking off in a big way. As a result, the dropshipping market is growing as consumers turn to the internet to buy the items they want. Grand View Research reports that the global dropshipping market in 2022 was valued at almost $226 billion USD. It’s expected to grow at an annual rate of just over 23% through 2030.

 

3. Dropshipping Has Low Start-Up Costs

Most business models require tens of thousands of dollars to start. Dropshipping, on the other hand, requires very little money to begin.

With the dropshipping business model, you don’t need to pay for products until you make a sale. And when you do, you pay the wholesale supplier from the money you receive from the consumer.

But that isn’t to say that you can start a dropshipping business without any money. You’ll still have to pay for website development and marketing. You may also have to pay a subscription fee to your dropshipping supplier. However, you can mitigate many of the costs associated with starting a dropshipping business by investing more time and learning the skills you need to perform tasks yourself.

 

4. Inventory Management and Shipment Are Handled by Your Supplier

Your wholesale supplier takes care of handling products and shipping them to your customers. Being free of the shackles of inventory management helps you in several ways. Your living room and closets won’t be overrun with boxes and inventory. Most importantly, you can focus on tasks that grow your business, like marketing and customer service.

 

5. Run Your Dropshipping Business Anywhere

You can run your dropshipping business anywhere you have internet access. You can be anywhere, even if your customers are in a different country.

And because you don’t have to manage inventory, dropshipping is an ideal business model during almost any stage of life. You can run a successful dropshipping business from a college dorm or while you’re a stay-at-home parent.

 

6. Dropshipping Is a Low-Risk Way to Test Products

Choosing the right products to sell is key to making your dropshipping business successful. Oftentimes, the only way to know how a product will sell is by trying it out on your online store’s website. When you source your products from TVCMALL, you’ll also benefit from our market research and data.

With dropshipping, you can test products without investing in a large inventory, which means you won’t be stuck with unsold items. And when you hit upon a product your customers love, you can choose to purchase it in bulk to save money and increase your profits.  

 

7. Gain Valuable Business Experience

Dropshipping is an inexpensive path to entrepreneurship, which also makes it an excellent, low-risk way to gain valuable business experience. While operating your online store, you’ll learn firsthand how to choose winning products, market a business, and deliver quality customer service. These skills will help you be successful in your career, whether you’re operating a successful dropshipping business or some other endeavor.

 

8. Dropshipping Is Easily Scalable

Dropshipping doesn’t have the limitations of traditional retail businesses. As your business grows, most of your operating costs remain the same. You’re not limited by storage space or your geographical location. You can easily and quickly change your product offerings to match the market. As a result, your dropshipping business has more potential to grow.

 

Start Dropshipping Today with TVCMALL

Maybe you were born with an entrepreneurial spirit, or maybe you decided later on that you have a passion for business. Wherever you find yourself, dropshipping is an accessible business opportunity with potential for high profits. TVCMALL makes it easy to THRIVE with your own dropshipping business. We offer one-on-one support and a large selection of products. Contact us today.