If you want to enter the world of e-commerce, Dropshipping business is a good small-business idea. You can get good profits from this at a low cost. All you need is a little attention and promotion of your products. If you want to start your own dropshipping business in India, we will let you know how to start.
Dropshipping is a great business idea if you want to take a break from your 9-5 routine and enter the world of e-commerce with your own small business. It is the safest and easiest e-commerce business. Before we get into the logistics, let us understand dropshipping. After that, we will move on to discover how to start a dropshipping business in India?
What is Dropshipping?
Dropshipping is a small and simple yet profitable business. In this, the seller does not maintain inventory or products. For example, the seller uses the services of a manufacturer (third party), who produces and distributes the product. So the seller does not need to manage the inventory, all you have to do is take the order from the customers and inform the supplier, and then the supplier delivers the product to the customer.
You can connect with a supplier; who has enough space to store the product so that you can send all your orders directly to him, and he will deliver them to the respective customers. It is an easy and good business idea in which you will not have to worry much. If you are someone who doesn’t want to take much risk but wants to start your own business, dropshipping is a good idea.
It has become more popular ever since Amazon and eBay allowed dropshipping. Companies like Amazon and eBay charge a small dropshipping fee and allow you to sell your products online. In today’s time, the dropshipping business has become a billion-dollar industry with lots of scopes. However, we all know that we cannot run a business without taking on challenges.
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How to Start Dropshipping Business in India?
Let us find out how to set up your own dropshipping business in India in 5 steps:
Choose a supplier:
The first step to opening a dropshipping business is finding a reliable supplier. For this, you have to research around and find out which supplier is capable of building a team and can be trusted. This decision is important because if you team up with the wrong supplier, your business could go down in no time. Online customers are very particular about service, and if they don’t get quality service, they won’t buy from you again. So first make sure of a good supplier.
Decide what to sell:
Another big decision will be deciding what products you want to sell. This process comes after choosing a supplier because if you have selected a product but cannot find a good supplier, your hard work will also go in vain. So it is advisable to choose your supplier first and then choose the product. Once you find a supplier, you can easily select the product which brings you the most profit.
Get your GSTIN:
Ever since the government introduced GST, it has become mandatory for all businesses to have a GSTIN. You have to register your company and provide your GSTIN to your supplier. But if you are an individual, you can run your dropshipping business without any GSTIN. That’s a relief for you!
Design a website for your store:
You need to create an attractive and easy-to-use website that will showcase all the products you sell and their respective details. Remember that your website should be professional and well designed because online customers are not attracted to useless and outdated websites. Anyone who visits your website should have a good impression of your business.
List your products:
List your products and promote them. Ask your supplier for the details about products along with pictures so that you can upload only accurate images of the products. It will give people an idea of what they are buying. After this, all you have to do is branding and marketing. This one is crucial to attracting as much traffic to your website as possible. It will bring more traffic to your website.
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