Many young entrepreneurs have gotten into dropshipping to prove their way to establishing a professional online career. Dropshipping lets retailers purchase items at a wholesale price and sell them to their customers directly without having to keep an inventory of all items.
In this article, I’m sharing with you secret tips to start branded dropshipping stores. Dropshipping has proven to help entrepreneurs earn tons of money and gain a lot of experience without taking the risk of maintaining inventory that may not sell.
A dropshipping business allows you to sell your items online from anywhere around the world hassle-free. You don’t even require large amounts of money to invest in storing inventory.
Once you get your dropshipping store branded and digitally marketed through GOYOU Branding, it’s time to take the next step forward and launch your store. Here are some tips to get you started and guide your dropshipping business to become one of the most successful on the market.
1. Own The Supplier’s Mistake.
When the supplier makes an error your customer complains about, try not to blame it on the supplier. Own up to the mistake instead. While the fact is that it may be your supplier’s fault, admitting to this may make you appear an amateur.
Often your customer doesn’t even know you are dropshipping. The best course of action to take is to reassure your customer by telling them you will fix it. Proceed to contact your supplier. A reputable drop shipping supplier will pay for the fixing of items and must also pay for the delivery costs.
2. Manage Inventory Levels
The biggest hurdle of managing an online drop shipping business is successfully keeping track of your supplier’s inventory all across. If you do not handle it well, you might have to inform your customers about their order being out of stock.
Having to do this many times can be bad for your business. Manage the inventory throughout all your suppliers and limit the out-of-stock items.
3. Use Multiple Suppliers
The best dropshipping tip is to keep in contact with more than one supplier. This will save you from having items out of stock and fulfilling your customer’s order.
If one shop doesn’t have a product, there’s a good chance another one might have it. Pick items to sell available in all of the stores you have contact with.
4. Implement A Good Routing Orders Strategy
Suppose you have a certain supplier who has the majority, if not all, of the items you sell, along with superior service. Then, it is best to route the orders to that supplier by default.
To implement this, you add the supplier’s email address for all order confirmations, automating the services. If you use multiple suppliers, route your orders varying with the location of your most frequent customers.
5. Implement Good Security Practices
Fraud and security issues will happen even in 2021. To not take extra measures to ensure safer and more secure practices or implement fraud prevention is negligent. Store your customer’s credit card number somewhere safe.
To safeguard against fraudulent orders, you must be smart and cautious. When enabled, the AVS or address verification system has the customers enter their credit card numbers or addresses and approves it to prevent thieves with fake credit card numbers.
6. Create an Effective Return Policy
When formulating a return policy, consider that you must strictly abide by all of these policies. So do not promise anything that is not in your hand and may be in the suppliers.
Consider looking at their terms and coming to a conclusion. Your return policies have to accommodate both parties. Try also considering overlooked incidents like defective items and restocking fees.
7. Follow Simple Shipping Rules
Another huge hassle is calculating shipping rates on your parcels. Orders are coming in from different places, so doing this can often be messy, especially when you need to accurately determine that particular place’s rates.
To make your work simpler, there are three shipping rates methods to use; Real-time rates, Per-type rates, and flat-rate shipping. When it comes to dropshipping, always refer to simplicity, especially as a beginner.
8. Choose A Suitable Shipping Courier
You need to select a suitable courier that not only has cheaper rates but also ensures quality service. People tend to make decisions between UPS/FedEx and the US Postal Service, so researching these two shipping services may be an excellent place to start.
How To Start A Branded Dropshipping Stores | The Bottom Line
Ensure you reassure your customers and let them know you are at their disposal. Keep track of all inventories and try choosing suppliers that have most, if not all, products you want to sell.
Ensuring your services and customers’ confidential information are safe is your responsibility, so always be careful. Formulate an effective return policy and apply simple shipping rules for ease and effectiveness.
Finally, focus on reasonable rates and good service for choosing a courier service. We hope this article helped provide practical tips for your dropshipping store. Thank you for reading, and good luck!