Mika
VIP Contributor
There is a great attraction to dropshipping business because you don’t have to spend money on products (manufacturing or procuring), you do not have to fulfill the order (packaging and shipping), there is no warehousing cost, and you can sell under your own brand. However, dropshipping has a high failure rate. Do you know why?
That’s because people are not aware of the cost associated with running the dropshipping business.
In order to build a dropshipping business, you need to build an online store, you will have to spend a lot of money on eCommerce software. Even when you are using free software like WordPress, you will have to spend money on premium themes and plugins.
In order to generate sales, you need to do SEO and digital marketing. If you are not doing it yourself, you will have to pay money to do SEO and digital marketing.
You also need to run ads, running ads cost a lot of money. You might have to spend hundreds of dollars before you generate one sale.
That’s because people are not aware of the cost associated with running the dropshipping business.
In order to build a dropshipping business, you need to build an online store, you will have to spend a lot of money on eCommerce software. Even when you are using free software like WordPress, you will have to spend money on premium themes and plugins.
In order to generate sales, you need to do SEO and digital marketing. If you are not doing it yourself, you will have to pay money to do SEO and digital marketing.
You also need to run ads, running ads cost a lot of money. You might have to spend hundreds of dollars before you generate one sale.