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Dropshipping

Dropshipping
October 9 2020

Dropshipping is a business model that allows entrepreneurs to start an online business and sell products to their buyers without ever actually stocking the items themselves. Instead, when a dropshipping store sells a product, it purchases the item from a third party and has it shipped directly to the customer.

Many Americans are launching side hustles to supplement diminished or lost income from layoffs or furloughs. According to a TD Ameritrade survey this spring, 64 percent of Americans dealing with unemployment or reduced hours either had a side hustle or planned to start one. One increasingly common avenue is to set up an eCommerce store through a platform like Shopify. To do so, individuals use dropshipping, which allows them to sell a product directly from the manufacturer without needing to bear the cost and maintenance of storing inventory. It’s an obvious solution for those running a business from their homes.

When it comes to dropshipping, having the ability to utilize online platforms such as Shopify will ensure that you can quickly respond and fulfill online orders with ease – quickly increasing your online earning potential.

In the Spotlight - E-Commerce Platforms

Used by large eCommerce companies, Magento is also a very scalable site builder for eCommerce startups. It can carry up to 500,000 products on a single site and handle more than 80,000 transactions in an hour. It also has built-in upsells and cross-sells that maximize your site’s revenue potential.

Aside from being the best, user-friendly eCommerce platform, BigCommerce allows you to use all shipping providers in the market. Some website builders usually partner with specific courier services, but not Big Commerce. They also have a unique ‘Make an Offer’ button, which allows consumers to haggle if the price is too steep.

Being a more affordable eCommerce solution, 3dcart has been a top eCommerce platform with over 22 years of excellent track record. Their features range from SEO, social media assimilation, fast loading speed, mobile-friendliness to built-in CRM, newsletters, email, and more. They even provide a 15-day free trial to let startups see beyond its face value.

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2030 Companies | 249 Funding Activities | 68 M&A Deals

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