By: Evan Arroyo By: Evan Arroyo | June 3, 2021 |
The world has shifted from the standard way of doing business. The internet has become the primary source for any business-related information and ideas. Consumer buying habits have also changed in the wake of the internet era. Purchasing of products now starts with a quick Google search to find different retailers of the same products. The internet is a vital tool for buyers who love conducting a background check on a product before purchasing one.
Such a shift has led to increased growth of the online sector, with different e-commerce business models. Dropshipping is the latest addition to e-commerce, and it's gradually transforming how online business is conducted.
Christian Green has been in the e-commerce business and has a fascinating dropshipping success story. Christian seized the opportunity to drop shipping in 2019, scaling his business to over one million dollars in sales within the first year. Just two years in the industry, he has mastered the art of dropshipping, maintaining over a million dollars in sales in the period he has been in the business. His success comes amid the Covid-19 pandemic that slowed down consumer purchasing power.
He recently established a new brand in October last year, and it's doing well, having recorded over $2.4 million in sales within the first three months. Christian is now committed to mentoring other young e-commerce entrepreneurs to take their shot at dropshipping. He believes it can transform anyone's fortunes.
According to Christian, dropshipping is a great business model for any aspiring entrepreneur since it's very accessible. It allows for quick testing of the different business concepts with a limited downside. Little capital requirement is perhaps the most significant reason why you should consider dropshipping. It's the only ecommerce business model that you can launch with less capital or upfront inventory investment. It, therefore, becomes easy to establish a brand. You are ready to go once you establish contact with reliable suppliers.
Setting up an inventory warehouse is usually the most formidable challenge for entrepreneurs as it comes with a hefty cost. Handling physical goods also comes at a price. What makes dropshipping unique is that you do not have to own any product physically, thus fewer worries. This cuts down the overhead costs, such as transporting the products from the supplier and shipping them to the buyer. This results in low overhead costs. Ideally, all you require is a laptop and the internet.
Dropshipping offers flexibility as you can run the business from anywhere, provided there is a stable internet connection. Communication with suppliers and customers should be top of your priority list, and then you are good to go.
Christian believes the wide selection of items to sell is another major reason why you should consider dropshipping. You can always add an item to your list, provided your suppliers can stock it. However, hecautions to concentrate on a wide variety of products as you could quickly lose focus. Instead, you should choose a specific niche and focus on growing your customer base.
His advice to any aspiring entrepreneur is that dropshipping is not an easy field, as many deem it. You have to be consistent and work hard to create a brand that will gain the public's trust before you can realize success.
You can follow Christian on Instagram @christiangreen.jpg to get more insights on dropshipping.
Photography by: Christian Green