Are you a new or an aspiring entrepreneur who is trying to break into the ecommerce industry but aren’t sure of where and how to start? Then dropshipping is for you, read through this blog to learn about dropshipping in India and how you can start dropshipping in India with low investment and risk.
Dropshipping in India is a cost-effective way to start an ecommerce business where you don’t have to invest in manufacturing goods and maintain an inventory. You act as a storefront for the supplier's products and you only buy the product after the customer purchases it which means you are not investing in inventory before sales. Once the customer books a product the supplier directly ships the product to the customer. You can sell the supplier’s product at a retail price you fix and pay the supplier his price and the rest will be your profit. This makes dropshipping in India a low-risk ecommerce model.
Many people have this doubt about whether Dropshipping is different from Ecommerce. It is simply another model of the ecommerce business that involves selling products without keeping the products in stock.
A lot of aspiring entrepreneurs either are too confused to get started with their business or don’t take the risk of starting a business fearing financial loss. And this is where dropshipping comes into the picture. Dropshipping in India is the best way to get into the ecommerce industry with little risk of money and room to scale and expand.
Dropshipping in India is easy to get started with as there are different product niches with demand among consumers and unlike traditional retail dropshipping does not involve the process of manufacturing, maintaining, warehousing and shipping the products. The major benefit of dropshipping in India is that India is one of the biggest suppliers of raw materials for various industries, which means you can test different product niches by finding reliable market suppliers without making a huge investment.
Ecommerce in India is expanding at a rate of 27% annually making it a huge business opportunity for entrepreneurs and an expansion opportunity for ecommerce business owners. Dropshipping in India is a good way to start your ecommerce business with low overhead costs and test the waters of ecommerce without committing to the financial risks of traditional retail.
Although we have been talking about the upsides of dropshipping in India, like any other business model dropshipping has its downsides too.
As you do not own the inventory in the dropshipping model, it becomes difficult to know if the product is in stock when the customer is ready to buy it and if the product is out of stock then the chances to retain that customer become low. Thankfully, now there are dropshipping apps that allow you to sync with the suppliers and get quick updates on inventory.
With the increase in the number of young entrepreneurs who are starting dropshipping in India, there is a high competition where competitors will sell the products at rock-bottom prices to increase sales. But you can make use of other aspects like customer service, freebies and quality products and experience to make your dropshipping business stand out.
There is only limited control you have over the products as you are not the manufacturer and it is branded as the supplier’s product. If you want to modify or customise the products then there should be a minimum order quantity for the supplier to make those changes. Ensure that you partner with a reliable supplier whose products are of good quality to turn this disadvantage to your advantage.
In dropshipping, the products are directly shipped by the supplier which means you do not have control over the quality of the shipping partners. But it is you whom the customers will turn to if their product doesn’t reach them in a well-packed condition.
Dropshipping in India is one of the most lucrative businesses if you have a reliable supplier with quality goods. It is one of the few ecommerce business models where you can start making a profit right from the beginning itself. Dropshipping in India is already a highly embraced ecommerce business model and is expected to grow in the future. Although there are a variety of product niches it is recommended to do your research if the product is useful and profitable and also choose a niche that you are passionate about.
Although the trends in the product market are ever-changing there are a few profitable product niches that are always in demand to be dropshipped in India:
The first step to starting your dropshipping business is to sign up with Yourstore and get a 7-day free trial to explore our ecommerce service.
A website makes dropshipping easier for you and your customers. Create your free dropshipping ecommerce website within minutes.
Integrate a dropshipping app to your online store that will connect you with the supplier’s inventory.
Once you have integrated the app, add the products that you want to sell and add your retail price. You can also add product details to let your customers make an informed purchase.
Set up your convenient payment gateway methods and provide payment gateways that your customers are comfortable with.
Once your free trial is over you can choose a plan that is suitable for your dropshipping business and scale it to new heights.
Launch your store and market it with our built-in advanced SEO tools and even integrate your social media accounts.
If you are an aspiring entrepreneur and thinking if dropshipping in India is worth trying then we recommend you to do your research and discuss with those who are already in the dropshipping business and then make an informed decision.
To know more about ecommerce you can read our other blogs. If you need any help to start your ecommerce business be it B2B and Wholesale, Multivendor, Readymade or Service Ecommerce you can get in touch with us and we’ll be glad to help you.
, Yourstore
2nd January 2023