Dropshipping what is it? Top Dropshipping Shops in PH
Many businesses and establishments were closed during the pandemic, but fortunately, some can still operate their business while on the pandemic, especially if it is an important business. Speaking of this, many jobs and companies were still in demand during this time. One of these is dropshipping. Sound familiar? I know, but have you heard about it already? Do you ever wonder what it is? Are you curious about it too? If you are, keep scrolling!
What is Drop shipping?
Dropshipping is a business where you can sell based on a retail fulfillment method. It is where a store or online shop can sell a product even without an on-hand stock with you or inventory. Instead, a seller can purchase inventory needed from a third party or a wholesaler or manufacturer to fulfill your consumer’s orders.
This business is also a form of eCommerce order fulfillment that allows you to sell products even on your website without being responsible for inventory, warehousing, and even shipping. Instead, you need to purchase bulk or wholesale products from manufacturers or dropshipping suppliers to fulfill the required product for you.
What’s excellent about dropshipping is that you don’t need a physical store or warehouse to have a business; instead, you’ll need capital to start this up. Then, you can build your online shop for it, and your dropshipping business can begin its journey.
Is Drop Shipping Legal?
Yes Drop Shipping is legal as long as you conform to all the rules and regulations set forth by using a legal registered company or entity in the the Philippines.
“Drop shipping” is one of the fastest growing eCommerce niches. However, you’ll find plenty of advice online that warns against it. It’s not illegal to ship items for others, but there are laws that govern how you can do it. Those laws also define what types of dropshipping services are legal. The laws are complicated, but they’re not nearly as complicated as the rules of doing business online.
If you’re trying to start a business but don’t have the resources to start doing it yourself, perhaps the solution is to outsource it. And if you are looking to build your business, an easy way to do so is by outsourcing your product or service and drop shipping is what solves this kind of need.
Is Drop Ship Profitable?
Drop shipping is an extremely popular way to run a business. It’s also one of those things that can be hit or miss as far as profitability and ROI. There are several factors that can be considered when deciding whether or not drop shipping is a good option for you.
Drop-shipping is a great way to start a business without having to take out a bank loan or buy any expensive inventory. All that is needed is an online store which you can setup easily but you will need to spend time in finding that winning product that can deliver sales and income for you. The margins are thin and marketing expenses can pile up quickly.
What is Dropshipper?
Dropshipper is a term to use for the people who manage inventory. More like a manufacturer or supplier, they are called drop shippers. They are also the ones who ship out the order to the customers.
ADVANTAGES AND DISADVANTAGES OF DROPSHIPPING:
Dropshipping is one of many businesses nowadays that is easy to set up since it doesn’t require a lot of experience to launch it, unlike any other business. So just by learning its basics and learning the rest as you go, you are good to go. There are many tutorials online you can take advantage of.
Setting your standards as a boss and setting your own rules is what dropshipping is best at. Your time is in your hands, and you are no longer a slave to your own business.
Doesn’t Require A Physical Store
Again, dropshipping doesn’t need a lot of hassle. It is excellent for a start-up business since a physical store is not required. You can simply start online and kick it! Just follow the basics.
Expect Low Margins
You should be aware that starting a dropshipping business might initially be small. Dropshipping is a competitive niche that needs a lot of effort to progress; choosing the right place and audience might help your dropshipping business to prosper.
Complicated Order Process
You might think that dropshipping is as simple as 123; it might also be a straightforward process. Still, sometimes different sourcing products from other suppliers can create some problems in your dropshipping business. So you should learn to manage and handle that sooner to avoid even the slightest issue and struggle in the future.
TOP DROPSHIPPING STORES IN THE PHILIPPINES
If popularity is at stake here, Lazada doesn’t need to compete. Apart from Shopee, which is Lazada’s counterpart, Lazada Group is also known for various products. Lazada Group is an international e-Commerce company founded by Maximillian Bittner in 2012 and is also owned by Alibaba Group. Advertisements are by the most influential actors, actresses, and vloggers in the Philippines and other countries.
Just like Lazada, Shopee is also a popular online shopping site/app in the Philippines. Shopee is a Singaporean multinational technology company that is also engaged in e-commerce. First launched in 2015 under the Sea Group and expanded in the Philippines and countries like Thailand, Malaysia, etc.
With fun and stunning marketing campaigns, no wonder it has skyrocketed its fame and became a household name in the country today.
Alibaba Group Holding Limited is a Chinese multinational e-commerce company with the most prominent wholesale in the Philippines. It is known as Alibaba Group or Alibaba.com. They can offer most of what people might need from machinery, packaging up to apparel; they all have it.
One of many considerable suppliers in the Philippines is AliExpress. You can get great deals on their over 111 million quality products in their shops. Aliexpress has been an online retail service since 2010 that is in China owned by Alibaba Group. It is known in the Philippines and other countries like Singapore since they also offer products internationally.
Here is the list of other dropshipping websites or shops available in the Philippines:
- OJMD Dropshipping
Drop shipping is a great way to take advantage of all that Amazon, Oberlo or local company OJMD has to offer. Selling on the web is a great way to make money. It’s incredibly easy to do and you can run your business from anywhere in the world, including your couch.
Finding a way to be financially stable is an excellent step for plans but keep in mind that there is a risk and responsibility in everything we do. So take all the necessary steps and precautionary measures before starting it and enjoy all the progress. Then reconsider joining any of the above sites to start working on your dreams!