Have you heard about the dropshipping business model? Do you want to start your own ecommerce business with little to no startup costs? It can be easily done and we are about to show you how.
The ecommerce market is growing and expanding at an astounding pace. For instance, the number of people who are expected to purchase products online in 2021 is over 2.14 billion. This has drastically increased from the number of buyers in 2016, which amounted to 1.66 billion.
With the development of the ecommerce market, many of the traditional features of an ecommerce business are optimized as well. That’s why the dropshipping business model is becoming more popular by the day.
What is dropshipping?
Dropshipping is a type of business model that allows you to sell products online. What makes it different from the traditional retail selling method? By following this business model, you can sell products without having to store or ship items. These aspects are fulfilled by your product supplier, who you are going to closely cooperate with. The supplier plays an important role in this type of business, so the process of searching and picking him out should be done with due diligence.
In return for the supplier’s services, you list his products on your WordPress dropshipping store. Once an item is purchased from your store, you send out the details of the order to the supplier and they ship the goods directly to the initial store’s customer.
The low inventory risks, as well as the easy setup process, make dropshipping such a promising business opportunity.
How to create a WordPress dropshipping store?
As we mentioned before, starting a dropshipping business requires small investments. The things you need to create such a business are the following:
To pick the best possible product, you need to spend some time researching various ecommerce niches to understand where the consumer interest lies. Followed by, you need to thoroughly evaluate all the niche trends, consumer purchasing habits, and the saturation of the markets. After you’ve done this you can fully evaluate what products to sell.
You don’t have to be a technical expert to create an online store. Now you can easily create a WordPress-based dropshipping store with little to no effort. Since it’s a free open-source platform, there are hundreds of themes to choose from, and building a practical and attractive website is simple.
- WordPress website hosting
You can’t start a fully functional dropshipping store without hosting. Hosting enables the storage of your website files. It needs to be renewed every year, which is why you need to pay for hosting annually. Website hosting prices start from $7.99 per month and many hosting services provide significant discounts to beginners.
A domain name is basically your store’s address. It is also essential to any ecommerce website. Prices for a domain name are around $14.99 per year. You can find that some services offer hosting and a domain name in a package deal.
- Extra WordPress plugins
If you want to set up a dropshipping store with ease, you can add and install various additional plugins. Here are some for you to consider:
Although it’s not free, for a one-time payment you receive many features that help you automate your business managing process. It is especially great if you’re dropshipping with AliExpress. Some of the things you’ll get automated are order fulfillment, product import, pricing and stock updates, and more.
WooCommerce is a free plugin for WordPress that allows you to seamlessly customize your store on the fly, with lots of free themes and additional features. It’s commonly chosen by more experienced online entrepreneurs who know what exactly they want their websites to be like and look for specifically tailored solutions.
Final thoughts on how to create a WordPress dropshipping store
As can be seen, starting a dropshipping business is very cost-effective and suitable for anyone. Many of the aspects of regular wholesale businesses are put aside. With this business model, you have the opportunity to offer a wider variety of products, as you won’t have to worry about keeping any inventory. With more free time to overlook the business, you can invest your energy into improving the store and optimizing the marketing side of things.
Hopefully, this article was helpful to you and gave you some insight into the dropshipping business and how to create your store.