Why Dropshipping Changed The Entrepreneurship World Forever

Ten or so years ago, if you wanted to have an e-Commerce store you would have had to either purchase a load of stock upfront in order to sell or get a relationship with a supplier whereby you list their products and every time you get an order the supplier will ship it out to them. This was known as dropshipping. However, dropshipping back then was both a pain for the supplier and the business owner. For a business owner, it involved keeping spreadsheets and files, etc which of course could have been done by a Virtual Assistant in all fairness. However, for a supplier, it involved the hassle of wrapping individual stuff dealing with spreads, accounting, etc hence why many did not offer dropshipping services.

Plus building a website back many years ago was harder. In most cases you had to hire someone to do the job for you and most of the time it would come out awful and the bill would be sky-high. Then setting up hosting, etc was always a pain.

However, all of this has changed, and nowadays it’s ever so easy to dropship. With the introduction of fulfillment apps, better access to global suppliers, easier ways to advertise, and better website hosts and builders. Hence why so many people all across the world have become millionaires from dropshipping. It’s growing bigger and bigger every single year and today we are going to look into why it has grown so big and how it has changed the world for entrepreneurs.

What Is Dropshipping?

Dropshipping is simply whereby you list products on your store from a supplier and when you get an order, you fulfill the single item through them. They send the product to your customer all packaged and shipped. You are essentially the middle man. How do you make money from it? Well, check this picture will answer all of those questions.

via: oberlo.com

This picture sums everything up. You are essentially the middle man who closes the deal between supplier and customer. Think of a stockbroker. They close the deal between you and the stock market. You are then essentially the stockbroker in this equation. However, you won’t have to deal with half of the hassle a stockbroker has to deal with when connecting with suppliers since there are many fulfillment software systems out there such as Oberlo and DSers, and with these apps, you can fulfill all of your orders within a click of a button. No phone calls, no spreadsheets, etc.

Starting a dropshipping store though isn’t easy. It may in some cases require low capital but ultimately it is a competitive challenge that requires dedication and constant learning. It’s not for the faint-hearted at all and it will give you a taste of what real business is. It’s not always sunshine and rainbows and dropshipping teaches you that. Dropshipping, however, can give you big gains, and when that does happen it’s brilliant. You just have to work for it, harder and harder.

Why Do So Many People Do It?

Many do it because it has a very low barrier to entry. You don’t have to go to university for it and neither do you need millions or so to start. Nowadays we are lucky in that there are hundreds if not thousands of YouTubers, etc who teach and talk about dropshipping. There are many courses out there that teach dropshipping too, though most are not really worth it.

You can easily learn dropshipping for free. It’s hard as things do get confusing hence why a mentor is key.

Dropshipping teaches you a lot about business. It’s the easiest business model that challenges you properly. It can also make you a fortune if you believe in yourself and you do things right. Dropshipping is a very easy to access business model that’s simple but hard. So many people have become millionaires from it and it really does inspire new entrepreneurs to take the bullet and have a go at creating their own amazing eCommerce stores.

It’s now easier than ever before to create a brand online via dropshipping. Many brands have started dropshipping first before buying physical stock. An example of this is HiSmile and BlendJet. Dropshipping is also less risky than buying upfront stock as you will never have anything laying about if it’s not sold. You only buy it when you get an order. So if no orders, no stock.

It does take a lot of time to succeed with dropshipping. However, with persistence, it can be done. Most people do not succeed with dropshipping for numerous reasons. Most of them though come down to giving up and not learning and taking action. It’s not an easy task of just putting up a few products here and there at all. It’s much harder than that and it does involve skill especially in terms of copywriting, Facebook ads, Google ads, Snapchat ads, etc.

It can be a source of passive income if you do manage to automate your store. You can make money whilst you sleep, whilst your out having fun, etc. It can also be expanded and expanded and eventually sold for millions later on. Dropshipping is one part of the future of eCommerce but in all honesty, it is the stepping stone. It’s temporary and if you want to create a proper eCommerce brand, then you have to buy in stock, etc. Dropshipping is a great way to start earning capital and all but ultimately it should not be viewed as a long-term solution.

You should see dropshipping as the very start of your entrepreneurship journey. You will learn a lot but ultimately it will help you guide yourself towards the future. Many teens, many middle-aged, etc are all starting dropshipping. If you are not involved in it, what are you doing?

Nowadays it’s easier than ever before to become a millionaire, ironically. Back in the day, it would take people years, decades to become one. Nowadays, some have become millionaires within six months. It’s crazy and you should take advantage of all these opportunities such as drop shipping as they are all here for you to utilize. You can finally run your own “Amazon” if you like.