In order to set up an online business, a good chunk of capital is usually required to buy your inventory of products. But this can be guess work; there’s no saying how much stock you’ll sell for that month or year. Drop shipping avoids this problem, eliminating the risk of spending your money on unsold stock.
You can offer items almost instantly
Usually, when a retailer wants to start selling a product, they’ll have to wait until all of their stock has been shipped in order to begin advertising them on their website. After all, what’s the point in offering an item for sale when you can’t actually sell it? Using drop shipping means that when you decide you want a product on your site, you can start advertising almost immediately.
You can offer a wider range of products
Having the ability to offer a wider range of products is always something a company can aspire to and with drop shipping it’s possible. You don’t have to worry about different colours or sizes and where they’re all going to be stored, you simply list them on your site and you supplier can deal with the rest.
Testing new products without a risk
When adding new products to your range, the risk of not selling is always in the background. Having to guess what your customers want to buy is tricky for any business, so being able to test the water without making any true investment is always an advantage.
Time saving is key
Organizing your stock and preparing it for delivery can often be a time-consuming nightmare. Using a third party to ship items saves handling, labeling, packing, shipping and so on. This leaves you with the time to focus on growing your business in different areas.