What is eCommerce Enablement? How Can it Help Accelerate Businesses Growth in 2024?

Consider your company's eCommerce tech stack as its backbone; it must be robust in order to support other operations and run efficiently. Every eCommerce company depends on certain factors to support its online activities. For orders to be processed, payments to be received and orders to be sent to the fulfillment queue, you need a coordinated set of tools and technological solutions, which are known as eCommerce enablers. We'll examine eCommerce enablement in more detail in this blog, along with the benefits and the current trends in the eCommerce market. Let's investigate. What is eCommerce Enablement? The act of submitting purchase orders and invoices online is known as eCommerce enablement. This electronic procedure is applicable to online-only retailers. Shopping carts and a Secure Sockets Layer (SSL) are features that help make this capability successful. eCommerce enablement is a crucial component of online marketing. [contactus_gynoveda] Benefits of eCommerce Enablers eCommerce Store Management eCommerce enablers take care of daily tasks, internet advertising and coupons. It focuses on enhancing your brand's reputation and increasing sales. It offers the best brand exposure online by managing various important aspects of your store. Item Management eCommerce enablers are in charge of the full procedure of product listing and pricing. It closely collaborates with other online platforms to keep an eye on promotions in real-time. The professional appearance and copyright description are also taken care of. Order Delivery With prompt delivery and response, eCommerce enablers shorten the time needed to process orders and hence, they can be shipped out faster, reducing delivery speed in the process. eCommerce enablement streamlines ecommerce warehouse tasks to speed up the order fulfillment procedure. Customer Care eCommerce services require professionalism and can be quite demanding. A group of professionals need to use eCommerce enablement to manage this service. Good customer service helps to improve your brand's reputation by fostering client happiness and trust. Reports Any type of firm produces a tonne of reports, including those on sales, SKU progress, analytical results, etc. A thorough review of reports is necessary to determine your company's status. Knowledgeable eCommerce enablers make exact changes and edits and provide the necessary information to advance forward among fierce competition. Digital Ads Newspaper and TV ads have been replaced by digital marketing. eCommerce companies that want to expand internationally need to use digital paid advertising. When developing these advertising, the eCommerce enablers' technical professionals focus on demographics and interests in addition to account and marketing management, which can help your eCommerce business. But doing so can be expensive. 6 Recent eCommerce Enablement Trends to Follow in 2024 People are increasingly choosing to shop at online retailers because of the convenience and time savings they promise. As per reports, In 2024, Global eCommerce sales are increasing tremendously as a result. Retail eCommerce sales hit $5.1 trillion globally in 2022 and during the following four years, these figures are predicted to increase by 50%. One of the main factors that influence individuals to make their purchases online is the chance to optimize convenience and receive better value. Research shows that consumers prefer to shop online over in-store because they feel online retailers offer the greatest prices and incentives. Online shopping is also quite popular among consumers because it is the most practical for them. Faster shipping, supported by improved fulfillment procedures, is also enhancing the appeal and practicality of online shopping. For faster delivery of their orders, many customers are willing to pay higher fees. According to a survey by Deloitte, 49% of respondents would pay more for same-day delivery and 42% for next-day delivery. Furthermore, consumers find two-day delivery to be particularly enticing, with 47% of participants saying they would make an online purchase in order to receive their product in two days. Additionally, 31% of people would pay even more for two-day delivery. These statistics demonstrate the rising acceptance of online purchasing, which makes now the ideal time to participate in eCommerce enablement. You might also obtain a competitive advantage by providing affordable prices and adding expedited delivery alternatives to improve the fulfillment experience. Analytics-Driven Consumer Acquisition COVID-19 has unlocked unprecedented visibility into customer behavior and shopping data, catalyzing a permanent shift in consumer shopping preferences toward eCommerce channels and allowing brands and retailers to provide a more specialized, personalized and effective customer experience that increases conversions and loyalty. Thanks to eCommerce enablers, businesses may focus on product improvements and marketing while also increasing the effectiveness of their advertising expenditures. Enhancing User Experience through a Mobile Interface Retailers and brands are addressing consumers with a mobile-first strategy that draws on social media, location-based information, consumer preferences and mobile technology (such as real-time notifications) that target customers at the most likely time for consumer action/conversion. The simplicity with which shops may accept payments and reduce purchasing friction significantly affects transaction conversion, which can now be done through mobile payment gateways. Differentiation With Vertical Marketplace Expertise Online marketplaces have become important hubs for business-to-business and business-to-consumer trade, offering more access to goods and inventory, and raising market transparency. Long-standing vertical/niche markets are primed to profit as a base of customers and vendors that are established and fosters consistency in market activity and consumer confidence that is spearheaded by eCommerce enablement. Omnichannel Integration and Optimization Brands may more effectively manage and get visibility across a growing variety of eCommerce channels thanks to eCommerce enablement-led technologies. To provide the best customer experience and boost operational efficiency across current infrastructure, successful merchants seamlessly link their offline and online activities. End-to-End Provisions for SMB Vendors SMBs are increasingly using specialized methods to distinguish their offerings (such as quicker shipment, individualized customer support and highly focused advertising campaigns). SMBs may successfully compete with much larger rivals by integrating data-driven solutions that address the customer journey from acquisition through fulfillment. Industry-Leading Solutions for Enterprises eCommerce enablement software and technologies that enable enterprise merchants to differentiate at every stage of the client journey are necessary due to the growing competition. For every part of their operations, large retailers rely on best-in-class software solutions. Diverse software tools must work together seamlessly to give merchants actionable intelligence. How Does eCommerce Enablement Lead to Better Growth? eCommerce Fulfillment is sometimes the last thing on businesses' minds when they begin selling their goods online. The success of your eCommerce operations strongly depends on having the appropriate products delivered on time to your customers in the most cost-effective way possible, so fulfillment should actually be at the center of commerce enablement. Your ability to process orders received from various channels, replenish of your stock, adapt to changing demand and accurately pick and pack orders should all be possible. This is why a lot of eCommerce companies use a 3PL for order fulfillment because it enables them to delegate all these difficult chores to professionals. By storing your order for you, automatically receiving orders at their warehouses, and sending them to the fulfillment queue, a 3PL can streamline the fulfillment of your online purchases. Professionals will pick, pack, and prepare your orders for shipping in the quickest amount of time while assisting you in saving money on shipping costs with lower shipping rates. Why are Tech Stacks Mobilised Towards eCommerce Enablement? As was already mentioned, the success of eCommerce enablement depends on eCommerce tech stacks. End-to-end eCommerce requires the use of software and technological solutions because most eCommerce procedures take place online. The platforms, programs, frameworks and other technological advancements required for managing and operating an eCommerce business are together referred to as your eCommerce tech stack. Your website's overall look, feel and style are determined by the HTML and JavaScript that make up the front-end of your eCommerce tech stack. Databases, web servers and storage are examples of server-side languages and programs that are used in the back-end. Generally speaking, you should base your tech stack on many aspects of your eCommerce firm, such as the following: Order and inventory managementOrder and payment processingFulfillment and shippingCustomer service and supportProduct information managementEnterprise resource planningOmnichannel platformsReturns managementData and analyticsMarketing Conclusion: How Can WareIQ Offer Solutions for eCommerce Enablement? eCommerce enablement is one of the most important factors to enable your business to be successful. It includes all the major operations of every sector of your business. Therefore, you need to pay attention to streamlining your eCommerce enablement, which can be done by partnering with a 3PL fulfillment company like WareIQ. WareIQ offers a full-stack eCommerce solution for every type of eCommerce business. We offer a specific set of services that enhance eCommerce enablement, some of which are listed below: We manage sales, inventory, payments, reconciliation, returns & NDRsWe offer Prime-like badges to provide assurance of qualityWe offer technical onboarding support for many online selling platformsWe provide pricing insights to improve your sell-through rate eCommerce Enablement Frequently Asked Questions: FAQs What advantages does eCommerce offer to retailers?Retailers may offer a convenient option for clients to purchase their products through websites and apps. Additionally, it offers them perceptions of online shopper behavior to help them better comprehend their requirements and tastes. What is eCommerce agility?In order to build an agile eCommerce environment, a seamless shopping experience that removes barriers between the offline and online worlds is generally referred to as eCommerce agility. Ecommerce software platform: what is it?Software that supports online buying and selling is known as an eCommerce platform. It enables vendors to control digital sales, marketing, and virtual assets from a single platform. Ecommerce platform solutions come in a variety of forms, and each form offers particular advantages and disadvantages. What core responsibilities does e-commerce software have?The web store's backend is made up of e-commerce software. It enables entrepreneurs to quickly build a website to sell goods, handle fulfillment, accept and process payments, and manage inventory.

July 16, 2022

Categories:

10 Best Oberlo Alternatives for Online Sellers to Fulfill Online Orders in 2022

If you are an eCommerce seller and gravitate towards dropshipping then you must have heard about Oberlo. It was one of the most well-known dropshipping companies for most sellers but unfortunately, it was delisted from the market. Shopify acquired Oberlo in 2017 and later decided to continue it in May 2022 without sighting a specific reason. Though it was the first choice for many retailers, they still have to continue their business processes and find an Oberlo alternative for dropshipping that is available in the current eCommerce market. For you to choose which Oberlo competitors to use, we have compiled a list of the 10 best Oberlo Alternatives. About Oberlo Oberlo is likely the most well-known dropshipping service, which enables business owners with a Shopify eCommerce website, to browse through various products and add the ones they want to sell directly through their own store. Because Shopify is used by people who wish to sell things online in a hassle-free way, sellers all over the world have used Oberlo to list and dropship their products. Oberlo imports products from AliExpress directly into your online shop. Although the software is globally functional, it is exclusively accessible by Shopify store owners, which may provide a challenge for businesses who prefer WordPress and WooCommerce. If you wish to choose reverse dropshipping or sell high-quality goods from other dropshipping vendors like Banggood, DHGate and others, your options may also be constrained. [contactus_lilgoodness] Why do Companies Search for an Oberlo Alternative? Shopify has currently removed the Oberlo app from its platform. Oberlo was taken off the market as of May 12, 2022. Additionally, online merchants are no longer able to find it in the app store or download the app from other sources. Retailers who have installed Oberlo can continue to use its features until June 15, 2022. Oberlo broke the devastating news to its users throughout the world. On June 15, 2022, its dropshipping app was discontinued, making it impossible for users to access their Oberlo accounts after that date. The team made it clear that the decision was based on various factors, including what was in the best interest of Shopify merchants. If customers want to keep dropshipping after the discontinuation of the app, Oberlo has provided them with two solutions which have been listed below: The DSers app will automatically transfer previous data from OberloRetailers need to manually move to an Oberlo alternative dropshipping application Although it was simple to use because of its accessible features, there were several limitations with Oberlo which have been listed below: It only works with Shopify storesIt only buys products from AliExpressIt has less control over shipping options provided by suppliersIt is crowded with other dropshippersThere are similar products listed by many dropshippers 10 Best Oberlo Competitors Spocket Source For US or EU-based sellers who want to ship their products to their consumers more quickly, Spocket is commonly regarded as the best Oberlo alternative. Spocket was founded in 2017 and is an innovative online dropshipping marketplace and automation platform. The company also has a vast network of more than 1000 dropshipping suppliers, with over 80% of them based in the US or Europe. After integrating your business, importing products is simple and only requires a few clicks. Additionally, Spocket offers one-click order processing and automated inventory updating. DSers by AliExpress Dropshipping Source DSers is a better Oberlo alternative for dropshipping because it is an approved AliExpress dropshipping partner app. Additionally, Oberlo encourages users to automatically transfer their data to the DSers app, which is officially suggested by the company as a good Oberlo alternative. The features that DSers has are all that users require to scale their dropshipping businesses. The DSers app can handle large orders, has more than 150,000 merchants currently and has an integrated interface with AliExpress. Follow the instructions on the Oberlo FAQ page if you're unsure how to seamlessly switch from Oberlo to the DSers app. The benefit of DSers is that it integrates with other platforms besides Shopify. Another feature of DSers is that its free plan allows for the import of 3000 products, which is fantastic for someone just starting in the eCommerce industry. Suggested Read: Alternatives to AliExpress SaleHoo Source SaleHoo provides retailers with a selection of more than 1.5 million products to sell as they develop their eCommerce brand. Depending on your specific demands, you can currently choose products from thousands of different dropshippers and wholesalers. To make sure you have access to the most reliable providers who can deliver fast, you can also browse the suppliers listed on the site. SaleHoo is designed to be an easy-to-use Oberlo alternative for people who desire a quick way to identify reliable vendors. For beginners who do not have a lot of money to spend on their perfect product strategy, this software is also quite reasonably priced. For instance, the initial cost of SaleHoo is just a little over $65 per year. Seasonsway Dropshipping Source Seasonsway Dropshipping primarily focuses on fashion-related products, which is clear from just a short look at their inventory. It is one of the best Oberlo competitors that are best suited for fashion items. They have a wide range of gift items, clothing, innerwear, household goods and mobile accessories. All of these particular product niches are more lucrative than other niches. Retailers can increase their profits by trading in the mentioned marketplaces, according to experts. So if you want to trade in these sectors, Seasonsway could be among your top choices. It costs nothing to sign up for Seasonsway. However, they do not provide any website building platform and you will have to either build your own website or sign up with retail marketplaces. They offer a variety of fashion-related merchandise. You get a dashboard where you can manage all of your dropshipping needs, such as payments, processing and other necessities. Wholesale2B Source Wholesale2B runs under a software development business that specializes in dropshipping. Because of this, wholesale2B has an edge in terms of the technical aspects of dropshipping. They can offer capabilities like inventory management, order management and website creation that can help your business. Its main limitation is that it only offers customer support by email or a live chat channel and only during business hours. That is why it appears that some users are dissatisfied with Wholesale2B's customer service. To meet the needs of various consumers, Wholesale2B offers a variety of service plans. These plans must be purchased to begin dropshipping. However, you still sign up for a free account and then you can browse and see the products listed. Wholesale2b makes it simple for anybody to start a dropshipping business on a budget by offering more than 1 million products at wholesale rates, allowing you to rapidly import them to your online store or marketplace. Access to their network of suppliers, the majority of whom have offices or warehouses in the US, is free. The starting price for the premium plans, which include automated inventory management and one-click order fulfillment, is $29.99 for the import of up to 10,000 products. Worldwide Brands Source The Worldwide Brands network is a platform for dropshippers and wholesalers, which makes it a good Oberlo alternative. All of the wholesalers who utilize WorldWide Brands are available to you for a lifetime just after making a one-time payment of $224. Users have access to more than 16 million products. You can order a variety of products from Worldwide Brands and dropship them to your customers and the majority of these goods are bought directly from producers or wholesalers at low prices. The wholesaler sets the delivery period for each product on WorldWide Brands. The goods are delivered in roughly a month to the wholesaler in another nation. Local wholesalers can have the products delivered to you in less than a week. Credit cards and PayPal are accepted for payments. Worldwide Brands is perfect for seasoned dropshippers who want to test out new products in the market. It is not the best choice for new dropshippers looking to launch their eCommerce company. Snazzyway Dropshipping Source Snazzyway is a distinctive Oberlo alternative. It is an India-based website focused on the dropshipping of women's undergarments. The best fit is if you deal in lingerie, bras or other inner-wear for women. You may not know that the Indian lingerie market was estimated to be worth over $3 billion in 2017 and is projected to grow at a solid CAGR of about 14% to reach $6.5 billion by 2023. Snazzyway is an excellent Oberlo dropshipping substitute if your dropshipping business sells clothing and undergarments. Wholesale Central Source Wholesale Central is a wholesale and dropshipping supplier. The US-based dropshipping company has more than 25 years of experience connecting global suppliers and buyers. The platform of Wholesale Central, which contains suppliers from all over the world, is very simple to use and explore and is free for all buyers which makes it a good Oberlo alternative. It transports goods to wholesalers or buyers in bulk. Wholesale Central has a reliable database of global wholesale vendors. It is free for all its customers and simple to use. Finding suppliers who use dropshipping can be more challenging. GeekBuying Source Electronics and tech accessories are the main products sold on Geekbuying. The rarest tech products are available here. Additionally, you may purchase clothing, jewellery, and watches on this Oberlo alternative. Geekbuying can deliver goods anywhere in the world. The average shipping time for all locations is 5 to 10 days. You can also place large orders through it. Geekbuying offers a range of payment options. PayPal, credit card, debit card, Boleto or Konbini are all acceptable methods of payment on this website. Wire transfers and installment payments are additional alternatives. DropshipMe Source DropshipMe is the free WordPress plugin for importing high-selling AliExpress items through WooCommerce-powered stores. DropshipMe is the most practical Oberlo alternative when it comes to establishing a successful dropshipping business using WooCommerce. DropshipMe lets you import goods from a hand-selected database of more than 50,000 top-selling AliExpress items. As a result, you won't need to browse AliExpress in search of profitable goods to sell. Things to Keep in Mind while Choosing an Oberlo Alternative When choosing Oberlo competitors that work for your company, you must understand the processes involved in making a choice. Consider the following factors to help you choose the finest Oberlo alternative: Compatibility with Multiple Selling Platforms The tool you have selected should work with your online store for selling goods online. The AliDropship plugin would not help you much if you have a Shopify store because it's designed for WordPress + WooCommerce stores. Check the compatibility of your Oberlo alternative with your website and other sites that you sell on. Accessibility to Integration With Supplier Platforms The tool you select should facilitate the seamless sourcing of products from the suppliers you want. While some support the importing of AliExpress goods, there are a few platforms that work with Wish, Alibaba, Taobao, etc. Simplicity to Use and Locate Look for tools that are simple to use and have a user-friendly interface. With Shopify or WooCommerce stores, many providers have completely automated integrations that enable an automatic order fulfillment procedure and simple importing of products. Fast Fulfillment Times Check the shipping method used by the Oberlo alternative you choose. Fast delivery speeds enhance customer satisfaction and enable you to fulfill more orders in a shorter period of time. Maintenance of Quality Your preferred Oberlo competitors should provide a consistent level of product quality. Always order a sample before placing your order to make sure the goods are of high quality. You can evaluate the product quality, delivery costs and vendor communication by testing it out before you commit. Additional Features The features and tools your online store needs should be provided. Today's eCommerce firms need to have access to a wide range of features like order tracking, inventory management, price adjustments, automatic reordering, etc. Cost of Alternatives Always be careful to account for all of your costs when calculating your income vs. profit. Don't just figure out the base product cost; also include any potential extra costs like shipping and handling. The ideal way to get more for your money is to work with a dropshipping agency that will buy your bulk orders directly from Indian or Chinese manufacturers and distribute them to your end clients. Conclusion: WareIQ’s Role in Opting for an Oberlo Alternative Since India is an emerging eCommerce retail market, a number of dropshipping businesses are making a huge profit from operating their services here. The majority of dropshipping sellers form partnerships with numerous eCommerce businesses, but it's also crucial to consider the types of goods you sell, and whether or not their service fees and shipping costs are within your budget. The delivery time should also be reasonable for the locations of your customers. Working with a specialized 3PL provider like WareIQ can be the finest Oberlo dropshipping alternative for businesses who require the entire spectrum of eCommerce fulfillment services because we offer fulfillment services with incredibly quick delivery and an AI-based WMS. WareIQ is a full-stack eCommerce fulfillment platform that provides all the services needed by online retailers. We will always offer the quickest and cheapest delivery options through our partnership with more than 20 of the biggest shipping companies and give users a variety of technological advantages like an advanced WMS, unique app store, storage in numerous fulfillment centers, picking, and packaging, shipping, last-mile delivery, reverse logistics and much more. Oberlo Alternative : FAQs What are the limitations of Oberlo?Although Oberlo is simple to use and offers a lot of helpful features, there are drawbacks. The majority of them are caused by the fact that it only functions with Shopify and AliExpress. It is therefore incompatible with other eCommerce platforms. When and why was Oberlo removed by Shopify?The Oberlo app has already been taken down by Shopify. Oberlo was taken off the market as of May 12, 2022. Now online merchants are no longer able to download the app from other sources or locate it in the app store. What is reverse dropshipping?Reverse dropshipping is obtaining goods from developed markets and then mass producing them in developing countries like India and China instead of the other way around. Is dropshipping possible without Oberlo?Yes, you can dropship products by any one of the alternatives to Oberlo as per your choice. Although Oberlo has been delisted, the dropshipping industry is growing.

July 16, 2022

Top 50 Dropshipping Products to Boost Sales and Maximise Profit in 2024

As more people gain access to the internet and all the conveniences and lifestyle-improving facilities that it brings to the table, the eCommerce space is expanding just as rapidly, especially in developing countries like India, where this rapid growth is even more pronounced. There are plenty of homegrown startup eCommerce marketplaces that are now providing intense competition to industry leaders such as Amazon, Flipkart and eBay, and retailers are taking full advantage of all the tools at their disposal. Ultimately, the main goal of eCommerce selling is for a company to generate interest in their products among consumers so that they end up purchasing the items that they want and need. It is up to retailers to research their target market and supply the appropriate goods to fulfill the demand of their customers. If a quality commodity is promoted to the wrong crowd, in a different price segment than was intended, it is bound to generate little revenue than what it could if it was visible to customers who would actually buy it. However, this interest and the actual sale mean nothing without a proper means of delivering orders in the best possible way. Many eCommerce sellers have turned to dropshipping in recent years due to its cost-effective nature. In this blog, we take a look at what dropshipping is, the benefits of finding the best dropshipping products, 5 ways to be able to identify them and 50 of the top dropshipping products in 2024. Stick around. What is Dropshipping? Dropshipping is an eCommerce fulfillment mechanism that is contrary to traditional order fulfillment, where, instead of the company storing its own products and fulfilling orders by its own means or through the use of a 3PL fulfillment company, it relies on the manufacturer or vendor themselves to directly ship the order to the customer. One of the biggest disparities between dropshipping and conventional fulfillment is that the company doesn’t directly handle its own products. Similarly, the vendor that fulfills the order doesn’t actually own any of the stock. Their services are utilised by the retailer to be able to fulfill orders. While dropshipping does have its own benefits, it often takes much longer for customers to receive their orders. [contactus_lilgoodness] Benefits of Using Dropshipping Requires Less Initial Investment Dropshipping requires comparable less investment than other order fulfillment methods. While setting up an eCommerce business itself is much more cost-effective than setting up a conventional brick-and-mortar store, dropshipping doesn’t require product purchases unless a sale has been made to a customer and they have already paid. This significantly reduces the need for ordering large quantities of products and retailers can test the waters before they need to make any decisions. Relatively Easy to Setup Setting up an eCommerce company that doesn’t have to deal with physical inventory and worry about storing it is much easier than retailers that need to find their own warehouses or partner with 3PL companies to use their fulfillment centers and other services, which can drastically increase expenses. Sellers that use dropshipping generally don’t need to pay for a warehouse, packaging and delivering orders, keeping track of inventory, taking care of reverse logistics and repeatedly placing replenishment orders. Consists of Low Overhead Expenses Because many conventional operational costs are mitigated by using dropshipping, overhead costs of running a business become comparatively low, which enables retailers to start a business and operate it from their home as opposed to needing to set up an office space. Because no products or employees are handled directly by the seller, there is little need for anything more than a laptop through which they can operate their business. Can be Overseen From Anywhere Dropshipping products to customers is extremely convenient for retailers as they do not have to deal with any of the important operations themselves. As long as they have a stable internet connection and a laptop, they can oversee business operations from anywhere they want to be. All that they need to do is maintain consistent contact with their suppliers and more occasionally, their customers to ensure that everything is running smoothly and no issues have arisen. Access to a Diverse Product Range One of the biggest advantages of dropshipping is that sellers always have access to the top dropshipping products. If there are trending dropshipping ideas that are being utilised by other companies, it is easy for retailers to hop on the bandwagon if their supplier also produces those goods. Whenever new and improved products enter the market, sellers can simply list them on their website and start selling them. This ensures that they will never be out of fashion or risk their products becoming obsolete. 5 Ways to Identify the Best Dropshipping Products for Your Business Identify Trending Dropshipping Products One of the best options to be successful in choosing the best dropshipping products for your online store is to identify the current trending dropshipping products that are being sold on other websites or by other competitors. The best way to search for which products are trending is to use services such as Google Trends to check what customers are searching for the most. Since dropshipping products is a relatively flexible business, retailers can easily list those products on their platforms to stay relevant. Search for an Untapped Niche Targeting an untapped niche can be a great way to gain a competitive advantage and benefit from being early to the party. Selling the top dropshipping products in a particular niche that is still relatively uncompetitive is a great way for a business to cement itself as the undisputed go-to option for customers who are searching for dropshipping products in that niche. Examples of targeting a niche with dropshipping ideas include selling Christmas decorations in December and beach wear in summer. Research Your Competitors' Dropshipping Products A good way to identify which dropshipping products to sell and pricing strategies to implement would work for a particular company is to do some research on similar products that are sold by competitors. Additionally, it would be helpful to note which pricing bracket they are targeting and which products are doing well compared to others. Because of the vast resources of the internet, this research should only take a couple of hours at most. Browse Online Forums to Get Dropshipping Ideas The marketplace of ideas known as the internet has given rise to multiple forums and online communities where people can discuss a whole range of topics, including which dropshipping products to sell. Sites like Facebook and Reddit are littered with all kinds of eCommerce groups, some open and some requiring an invite, that discuss a whole range of matters relating to dropshipping products. Scrolling through these pages and filtering them based on location, type of products, price brackets and more, can help retailers get a good idea as to which dropshipping products would work best for them. Opt for a Research Tool to Find the Top Dropshipping Products Research tools for dropshipping products are software solutions that use a variety of algorithms and metrics to successfully provide useful data on a wide variety of different products, across industries and selling platforms. Retailers can use these tools to gauge the best dropshipping products to sell based on characteristics such as sales volume, order history, number of retailers selling the product and much more. There are many tools available in the market but Sell the Trend and Niche Scraper are some of the best. 50 Best Dropshipping Products for eCommerce Retailers to Maximise Profit Gaming Headsets With the video game market experiencing skyrocketing growth, especially after the onset of the pandemic with more consumers being indoors, it is estimated to be worth more than $200 billion by next year. Gaming headsets are one of the dropshipping products that are currently trending so they could be a good option to sell. Bluetooth Speakers With more and more people in the country listening to their favourite tunes through apps such as Spotify and Apple Music, dropshipping products such as Bluetooth speakers are in high demand, with a growth rate of 29% estimated between 2020 to 2024. Smartwatches Regular watches have become a relic of the past as smartwatches have taken a stranglehold on the watch market. Most smartwatches seamlessly integrate with phones to provide notifications, easy access to quick functions and health data. It has become one of the best dropshipping products for retailers. Wooden Watches One of the best fashion dropshipping ideas is wooden watches. Being the polar opposite of smartwatches, they have their own niche audience due to their eco-friendly nature and a predicted growth rate of 4% between 2021 and 2025. Muslin Blankets These blankets are made of muslin, which is a soft, breathable and lightweight form of cotton. They are available in a variety of colours, shapes and sizes and have become one of the fastest-growing dropshipping products. Teeth Whitening Kits With more people paying attention to their personal hygiene, teeth whitening kits have become one of the most popular dropshipping products in the healthcare space, with consistent growth since 2015 and an estimated worth of $7.4 billion by 2024. Hair Growth Serums This is one of the top dropshipping ideas as the global hair products industry is set to reach $211 billion by 2025. Hair growth serums are one of the most trending dropshipping products on Google Trends and could be a good niche to tap into. USB Charging Docks Everyone needs to keep their devices charged at all times. Although the market has seen its share of fluctuations, it is still estimated to be valued at almost $38 billion by 2025. Another plus point is that they are quite cheap and fast to manufacture. Baby Carriers With the population steadily growing, more parents require an easy way to carry around their newborns and baby carriers have been the answer. The numbers are steadily rising as per Google Trends. Smoothie Blenders Since the dawn of the health-conscious movement, more people have been looking for ways to quickly get their fill of healthy ingredients, which is assisted by these popular dropshipping products. They have shown an upward trend for the last couple of years. Organic Teas This is one of the most popular dropshipping products that is targeted at people who want to maintain healthy lifestyles. While there are many variations and flavours, the overall market is estimated to grow by more than 16% between 2020 and 2027. Bluetooth Headsets With most phone manufacturers committing to Bluetooth by making the headphone jack a relic of the past, Bluetooth headsets have become one of the most popular dropshipping products among gamers, video streamers and music listeners, which is most of the population and is expected to exceed $25 billion by 2025. Seamless Innerwear Seamless inner wear is one of the most untapped dropshipping ideas in the eCommerce market. It is innerwear that does not have any seams so it does not leave an outline on your clothes if you are wearing something skin-tight. Security Cameras With the world becoming a more dangerous place, many people want to protect their businesses and homes by getting evidence of anything suspicious if it were to ever occur. With the industry expected to grow by 8% by 2025, it is one of the most sought-after dropshipping products in the security market. Anti-Ageing Creams It seems that many people are worried about preserving their youth because this is one of the highest trending dropshipping products in the market. The anti-ageing industry is currently worth $58 billion and is expected to grow by 7% by 2026. Beard Oils This burgeoning market has gained steady popularity in recent years due to the revival of the beard as a symbol of masculinity. It is expected to grow by 3% by 2027. Yoga Mats This is one of the dropshipping products that is bought by the same health-conscious people that buy smoothie blenders and drink organic tea, which is clearly a lot as the market is set to grow by 8% by 2026. Yoga Leggings Yoga leggings, as the name suggests, are used for yoga but also for gymming, jogging and other physical activities. This is one of the dropshipping products that has gained popularity in recent years. Vaporizers Vaping has emerged as a healthier alternative to cigarettes and has gained massive popularity in recent years, given the estimated worth of $48 billion by 2024. Face Rollers It is an emerging beauty product that is made from crystals and supposedly has multiple benefits for the skin. It has become one of the most popular dropshipping products amongst fashion bloggers and influencers. Facial Masks One of the many dropshipping products in the beauty industry, facial masks have been popular for a long time and are considered a must in any respectable healthcare routine. Waterproof Bags They are good dropshipping products to sell as their demand has been steadily increasing. They are made of synthetic materials and have waterproof linings to prevent water from getting in, even if it gets wet. Insulated Bottles In an effort to reduce the use of plastic bottles, insulated bottles have become a popular alternative in terms of dropshipping products. Currently valued at $62 billion, it is set to grow by 4% by 2028. Electric Massagers Due to the emerging popularity of self-care routines, electric massagers have become popular dropshipping products, reflected by the steady growth of 6% a year. Matcha They are green tea leaves in powdered form and need to be mixed with hot water. Along with organic tea and other health dropshipping products, it has gained popularity due to a more health-conscious society. Sports Bras They have emerged as popular dropshipping products due to the constant promotion by celebrities and are no longer considered just sports or gym wear but a comfortable alternative to t-shirts that can be worn anywhere. Anti-Dandruff Shampoo With an increase in the number of people that are plagued with dandruff, dropshipping products like anti-dandruff shampoo have become popular and are expected to achieve 3% growth by 2024. Phone Cases Phone cases have been popular dropshipping products since the inception of the smartphone but are increasingly so nowadays due to the expensive nature of phones. The market is expected to be valued at $74.5 billion by 2026 in the US alone. Wiper Blades This seems like one of the more out-of-the-ordinary dropshipping products to sell. However, with the growing number of people who require wiper blades for their cars, it can be a good niche to tap into. Tea Tree Oils It is another option in the long list of healthcare dropshipping products. It is known for its antiseptic properties and aids in removing acne, bacteria and infections as well as a natural perfume, insect repellant and laundry scent. Tote Bags They are fashion accessories that can become good dropshipping products due to the increased popularity they have received in recent years due to the unique designs and patterns available. LED Lamps LED lamps have become popular dropshipping products due to the less electricity consumption they require. They also come in various designs and shapes. The market is growing at a rate of 13% annually. Sunglasses Sunglasses are dropshipping products that aren’t always on an upward trend but rather, experience seasonal spikes. It is still a good segment to get into. Men’s Grooming Products Men’s grooming products are also dropshipping products that experience seasonal spikes, especially around Christmas and other festivals which implies that men mostly take care of themselves during special occasions. Calligraphy Pens Calligraphy is becoming popular again and calligraphy pens are the dropshipping products that enable the ancient art form to be done in a more modern way. Eyelash Extensions Yet another feature in the beauty dropshipping products category, the market for eyelash extensions is set to reach $1.8 billion by 2024, which has been simplified with do-it-yourself kits. Artificial Flowers Fake flowers are popular dropshipping products for people who want to save money on special occasions. Another advantage is that they can be kept permanently, instead of withering up and needing to be replaced. Kid’s Tents Kid’s tents are trending dropshipping products in the children’s market. They enable kids to set up ready-to-use tents and play in them to their heart's content. Rice Cookers Rice cookers have become an essential household item for cooking rice as it doesn’t require any effort and always deliver perfect results. They have an upward trend on Google trends. Dog Toys They have become popular dropshipping products in the pet accessory industry and have multiple different shapes and sizes for every type of dog breed out there. Air Fryers Air fryers have garnered massive popularity since 2017 as they make fried food healthy without removing the taste. The market is set to reach $1.2 billion by 2026. Duvet Covers It is a household item that enhances the comfort of beds and couches. The bedding industry is expected to receive a valuation of $147 billion by 2028 so investing in it will be a great idea. Sleep Gummies They are a candy that is laced with melatonin, which is a hormone that regulates sleep. This product is gaining popularity due to the rise in insomnia and sleep levels across the world. Electric Toothbrushes They have been on an upward trend for many years and the market is set to be valued at $2,163 million by 2026. Capitalizing on selling electric toothbrushes can profit businesses immensely. Sports Tracksuits They have emerged as popular dropshipping products, not just for sporting events or active lifestyles but also as a comfortable alternative to pants for any occasion. Smartphone Tripods The capabilities of smartphone photography have increased exponentially in recent years and tripods provide a cheap way of getting even better-stabilized footage. Blue Light Filtering Glasses Blue light has a tendency to increase eye strain and cause headaches, especially since people are always in front of their screens, be it a phone, tablet or laptop. These glasses have become popular to curtail the effect of blue light on our bodies, reflected by the estimated 8% growth by 2026. Selfie Ring Lights They are circular lights that have been used by medical practitioners for years. However, these devices can be attached to a phone camera to balance out the lighting in low-light scenarios to provide better pictures. Wall Decals There are many uses for wall decals, whether it is a teenager trying to make their room look cool or couples trying to decorate their house. Either way, they have become popular dropshipping products over the years. Welcome Mat Almost every house has a door mat in front of it and is the first thing you see before you walk into the front door. The industry was worth $5.1 billion in 2018 and is expected to continue growing as homes will always require door mats. Conclusion: Fulfill eCommerce Orders With WareIQ While dropshipping may have a variety of benefits such as low setup costs, operational costs, additional flexibility and less strain on retailers, it is also frequently plagued with multiple drawbacks such as extended delivery times ranging from multiple weeks to months, quality control issues and poor customer support since the retailer isn’t directly involved in the shipping process. Dropshipping products is a smart choice for startups and companies that are still in their infancy. However, retailers that have enough capital to acquire their own storage or fulfill orders directly should definitely consider partnering with a 3PL fulfillment company like WareIQ for all their eCommerce requirements. WareIQ is one of India’s highest ranking eCommerce fulfillment companies that provides the whole spread of eCommerce services ranging from storage to order fulfillment and everything in between. Some of our most-utilised offerings include: Providing storage solutions through a network of multiple fulfillment centers and dark stores located across the countryGiving users access to our custom WMS that can manage and track inventory across multiple fulfillment centers and 20 plus eCommerce marketplaces, in addition to providing updates in real-timeOffering an app store with a slick user interface and various applications to enhance the productivity of various eCommerce tasksPartnering with more than 20 of the largest shipping aggregators in the country to ensure the shortest delivery time and most cost-effective rates for every order. [signup] Dropshipping Products: FAQs Which companies are dropshipping suited towards?Dropshipping is generally the most beneficial for small companies that are just starting out and are on an extremely tight budget since everything is taken care of by the vendor. What are the drawbacks of dropshipping?Dropshipping is often associated with delayed delivery, low-quality standards and poor customer service. Why is it necessary to identify the right dropshipping products?It is necessary for a business to find the right dropshipping products in order for them to be successful and generate sales. They need to do this by analysing the market, target audience, competitors and many other factors. What are the alternatives to dropshipping?Order fulfillment that is done either by the retailer directly or by partnering with a 3PL company is a common alternative to dropshipping. The retailer handles the merchandise directly and stores it in their own or outsourced fulfillment centers as opposed to dropshipping. What are the advantages of order fulfillment over dropshipping?Order fulillment has much shorter delivery times, has rigid quality control measures, provides order tracking to both the retailer and customer, and customers have direct support from the retailer which provides a better experience.

July 15, 2022

Wholesale vs Retail: A Comprehensive Guide for eCommerce Sellers in 2024

Retail and wholesale are two crucial steps in the distribution process in the supply chain sector. Any product that a business produces is first sold in bulk to the wholesaler, who then sells it to the retailer, who then sells it to the final consumers. To put it simply, the wholesale and retail difference is that a wholesaler purchases the goods in large quantities from the manufacturer and then sells them to the retailer, who in turn sells them to the final consumers. The primary difference between wholesale vs retail is that a wholesaler sells products to businesses or retailers who will then resell them. A retailer, on the other hand, solely sells products to the final customer as their target market. These two commercial connections serve as key sales channel intermediaries. The supply chain will be affected if any of these links are missing. We shall discuss the key distinctions between wholesale vs retail in this blog. What is Wholesale? Wholesale refers to the cheaper, large-scale sale of products to merchants and retailers. The wholesaler purchases the goods in bulk disassembles them repackages them, and then sells them to retailers. The wholesaler only offers particular products and is least concerned with the store's location, the products' packaging, or their presentation. They care less about a product's quality and more about its quantity. Significant investment is needed for a wholesale company and not just in marketing and advertising. The wholesaler's clients are dispersed over numerous towns, cities, and states. The majority of purchases are made by clients using credit. A wholesale eCommerce store should be authorized to sell products solely to retailers and typically not to the general public. However, a buyer will pay more if they choose to purchase a product directly through wholesale vs retail. In order to concentrate on one type of business for their goods, a wholesaler typically sells just one product or a single category of products. [contactus_gynoveda] What is Retail? Direct sales of products or services to consumers are referred to as retail. Retail sales can be conducted using a wide range of items and delivery methods. A few examples of the different kinds of retail establishments are: Internet shops Low-cost retailers conventional stores The fact that the sale involves the final consumer sets a retail transaction apart from a wholesale one. The parties engaged are more important than the type of distribution channel for defining retail. Retailers serve as middle-man between wholesale businesses and customers. You can classify yourself as a retailer if you exclusively sell goods with the intention of distributing finished products. Similar to this, a retail-based transaction will take place if you are purchasing items for personal use. For instance, if you need a printer for your brand-new company and buy one from your neighbourhood store, you engaged in a retail-based transaction. Retailers typically only offer minimal amounts of products. Sure, if your company expanded to that point, you could buy 100 printers from the same store. However, as this is not a typical request, it would probably take some time to complete. Retailers typically offer things in far lesser volumes than wholesalers do. Wholesale vs Retail: Key Differences Between a Wholesaler and Retailer [table id=40 /] Wholesale vs Retail: Types of Wholesalers and Retailers Wholesalers Merchant Wholesalers These are the most typical wholesalers used in the private label, FMCG, and agricultural industries. Simply put, merchant wholesalers are the people that purchase products directly from manufacturers, keep them and then resell them to customers. They are not limited to selling exclusively to retail or online customers as they can sell through any channel. Any losses incurred in the process of purchasing and reselling the product must be paid for by the merchant wholesaler. Sales and Distribution Wholesalers These wholesalers handle both the manufacturing and direct distribution of the goods to retailers. Typically, they don't trade in products made by other companies. They can reduce their overhead costs for transportation, warehousing, etc. by merging the manufacturing and distribution processes. When manufacturers establish a distribution division within the business, they are acting as their own distributors. They will market and sell their own goods to other retailers and wholesalers. Discount Wholesalers This kind of wholesaler specializes in purchasing and reselling merchandise at deep discounts. These products are either inventory liquidations, returned or refurbished products, or discontinued lines. They offer retailers massive discounts which leads to an increase in the number of bulk orders placed, which enables retailers to get the products at much cheaper prices than other wholesalers. Dropship Wholesalers Dropship wholesalers aren’t really wholesalers in the regular meaning of the word. When an online retailer sells something, its wholesaler or distributor will send the item right to the customer. A drop ship wholesaler resembles a retail partner more in this regard. On many websites, you may find a tonne of dropship wholesalers. They are responsible for manufacturing products as well as shipping them to the final customer. Online Wholesalers Instead of using more conventional channels like trade exhibitions, this kind of wholesaler offers its products in large quantities online. This is very different to other types of wholesalers, who have been slow to adopt the use of technology in their promotional activities. These wholesalers are able to gain more attention through internet ads and other types of marketing. Retailers Speciality Stores These concentrate on name-brand products and a particular category. Examples of speciality stores are Victoria's Secret and Nike, which typically exclusively sell products that have their brand name or are connected to it. Online Retailers Without incurring the costs associated with traditional brick-and-mortar merchants, online retailers deliver items straight to clients at their homes or places of business. They typically sell things for less than retail pricing, store goods in retail warehouses, and establish connections with warehouses, vendors, and occasionally, manufacturers to obtain goods at lower costs. Department Stores In the actual retail area, traditional department stores offer a large variety of goods that are categorized into various categories. Shoes, apparel, cosmetics, jewellery, home goods, and other items are some of the categories found in department stores. Supermarkets These merchants offer a wide variety of food and drink items, along with occasional home goods and consumer electronics. Petrol Station Convenience Stores These are often retail establishments that specialize in selling fuel to customers on the move. They also sell a small selection of groceries and automobile care items but at exorbitantly high "convenience" prices. Other Media Retailers Let's not overlook media sellers who market their products through conventional channels like TV and catalogues. Although this is a diminishing trend, there are still many stores that utilize it to sell their products. Also read: Retail Operations 2024: Best Practices for Streamlined Management in E-Commerce and Retail Wholesale vs Retail: Which Business Model is Right for You in 2024? You might choose to start out as a store if your small business is just getting off the ground. Most likely, you don't now have the capacity to satisfy wholesale demand. Spend some time establishing your brand and gain a following. You can do online business and send things straight to customers. Using wholesale suppliers to establish yourself in brick-and-mortar stores is something you might think about when your brand develops, your business grows and you become better equipped to make huge quantities of products. Or you could decide to start your own brick-and-mortar businesses. Keep in mind that you are not required to pick between the two. Growing businesses frequently do both. You may achieve the level of freedom you seek by running your own business and being able to market your original works. You are able to acquire this financial freedom and build a prosperous business for yourself whether you are a retailer or a wholesaler. If you need assistance with fulfilling and storing any type of eCommerce orders or products, whether it is wholesale vs retail, WareIQ has got you covered. WareIQ is one of India’s fastest-growing eCommerce fulfillment companies that provides a vast number of fulfillment centers and dark stores all across the country. We do not have any minimum order requirements and you only have to pay for the storage you use. Additionally, we utilize advanced technology such as a state-of-the-art WMS to help you track and get real-time updates across multiple fulfillment centers and eCommerce marketplaces. Wholesales vs Retail: FAQs

July 15, 2022

Reverse Dropshipping: A Comprehensive Guide for eCommerce Sellers in 2024

Dropshipping is a retail business practice where a seller fulfills orders placed by buyers without keeping stock of the product with them. The merchant or vendor directly sends it to the buyers with the help of logistics companies. Conversely, reverse dropshipping is an emerging business practice that involves shipping premium products to exporting companies in countries like India, China, Korea, etc. It indeed has high-profit potential but is also quite complex to start. In this blog, we will help you get a better understanding of reverse dropshipping and the advantages and challenges that a seller will face. What is Reverse Dropshipping? Reverse dropshipping is an eCommerce business concept where a manufacturer offers a premium quality product to retailers in countries with mass production capabilities such as India and China. Preferably, the products utilised for reverse dropshipping are initially developed in the US, Germany and other developed countries. One of the main reasons for reverse dropshipping is that vendors flock to industrial giants like China or India due to the demand for high-quality products that are sought after by the citizens because getting them within their own country is difficult. The majority of locally made goods now have inferior quality due to China's large scale manufacturing. As a result, wealthy Chinese consumers must look for new means of satisfying their extravagant demands. The business model of reverse dropshipping is similar to that of traditional dropshipping but differs in one crucial way. Reverse dropshipping companies get high-quality, handmade products instead of a lot of cheap, low-quality goods. Because of this, reverse dropshipping has far higher profit margins when it succeeds. [contactus_lilgoodness] How Does Reverse Dropshipping Work? Using this business strategy, many prosperous companies are earning enormous sums of money. Fewer sellers will be willing to persevere because starting something is difficult. Here are a few steps you can take to start to reverse dropshipping: Select Your Niche Find a market that is currently underserved before you get started. You probably won't be able to list certain items on Amazon and make rapid sales, unlike what traditional dropshipping entails. You need to do market research, which can involve hiring a local professional to guide you through an uncommon area. A gap analysis will be the ideal place to begin. This will inform you of the areas with the greatest demand and provide you with a few possible starting points. Source Your Products After deciding on a strong market niche, you must source top-notch goods from developed countries like Canada, the United States or in Europe. Get partnered with a reliable dropshipping company. Contacting manufacturers directly and trying to work out a reverse dropshipping arrangement would be a good option. Be upfront about the fact that you want to send and dropship products overseas. They might already be set up for reverse dropshipping in India, making it easy to ship internationally as well. Determine the Most Effective Platform for Product Sales Finding the right marketing channels will go hand in hand with reverse dropshipping. Amazon and Flipkart may not have the same loyal following worlwide. Additionally, you can discover that various social media apps are popular in different countries or that Shopify store websites are uncommon. For example, Tik-Tok is banned in India but is used in many countries. China, for instance, relies heavily on the smartphone app WeChat and has barred other popular social media apps such as Facebook and Instagram. Another country where the majority of sales are made via Instagram (you can sell on Instagram) or the Line app in Thailand. If you want to be successful, you must go where your consumers are and use the platforms that are popular in those countries. Mention and Translate Product Descriptions You must translate product descriptions regardless of where you decide to list your products, be it on social media, an eCommerce platform or a website. Do not trust Google Translate or similar apps. These translation tools frequently make mistakes, which could cause your writing to lose context or become insensitive to cultural differences. You must work with a local translator instead. With a professional translation, everything will be translated accurately without losing the actual meaning. If product descriptions are clearly translated, there will be less chance that there will be misunderstandings that lead to consumer returns or exchanges. Select Marketing Channels According To Specific Products You need to spend money on marketing to magnify your message. You cannot rely on people just stumbling onto your site naturally, especially if they do not know where to look. Consulting a local marketing specialist or a digital marketing company that knows how to promote to the community is a better practice. They can help you avoid wasting your advertising budget by advising you on the finest channels. In order to boost the likelihood that your products will sell and possibly help you raise your prices, local marketers can work with you to present your products in the best possible light. Advantages of Reverse Dropshipping Higher Profit Margins One of the most appealing aspects of reverse dropshipping is the fact that profit margins are higher than the conventional approach. Because most dropshippers rely on buying low-quality commodities in bulk, the profit is competitively low. By using a reverse dropshipping strategy, you can concentrate on selling less quantity of high-quality goods. It means that both your markup and your margin will be higher. Access to Niche Buyers Premium products are always purchased by niche buyers. They may not worry about the amount and other charges but they look for better service and quality. So this niche audience will buy a premium product from you and will have high chances of returning. Knowing that your company has the products they demand. They look for quality over quantity and price. Low Competition There is plenty of room to gain market share because reverse dropshipping is still a niche sector. You will only be up against a handful of companies rather than competing with thousands of dropshippers. These companies might likewise struggle to effectively market online. In other words, if you employ a dropshipping website builder to make the process simple, you can really stand out from the competition and simply take control of the market. In addition, there is plenty of room to expand into new markets despite the presence of thousands of conventional dropshippers. Less Investment in Marketing and Advertising Advertising and marketing are frequently less expensive and more competitive elsewhere. You will probably discover that pay-per-clicks and SEO are far less competitive here because of the limited number of buyers. The best thing you can do if you are serious about starting a long-lasting, sustainable reverse dropshipping business, is to engage with a local business to carry out market research. This will need some initial expenditure, but it will provide you with a thorough picture of the marketing landscape and show you where you can expect to get the most return on your investment. This will help you achieve personal publicity. Easy To Offer a Personalized Experience When you have a limited number of customers and you know that they can give you better profit margins and what kind of goods they require, it is relatively easier to provide a customised experience that is tailored to their requirements. You have dedicated resources from which you can offer a personalized experience. Simplifies Business Operations With the reverse dropshipping concept, you can quickly fulfill your orders and collaborate with the best suppliers. The duty for sourcing, picking, packaging and shipping is handled by your supplier. This makes it simpler to quickly expand your business operations by focusing on the core activities of the company such as research and development and marketing your products. Challenges of Reverse Dropshipping in 2024 Difficult to Start There are other problems besides linguistic barriers in reverse dropshipping, such as cultural differences and governmental requirements. To be successful, you will have to put in the extra effort. Make sure to conduct thorough research to comprehend the market and the local culture before choosing a country to dropship too. Your chances of long-term success will increase the more thorough your initial study is. Has More Compliances One of the problems with India and other Asian countries is that regulations in emerging nations appear to change every day and perhaps, even every hour. In these countries, nothing is set in stone and new rules and bureaucratic red tape are commonplace. Depending on what you plan to dropship, you might have to deal with similarly absurd and complicated rules. To make sure you are abiding by local laws, it could be helpful to consult with an attorney in your area before you begin. Difficult to Source Products To provide the best quality products for which your customers are ready to pay a premium amount of money, you need to do research and tie up with a competent supplier for the business. You will find difficulty in making a deal with the manufacturers who are in other nations like America, Germany, etc. It’s difficult to find them and once you do, you face problems in having a conversation and striking a deal with them. Marketing-Related Challenges The benefit of marketing to people who share a language and culture is that you know how to communicate with them. You can hire a professional who is well-versed with a variety of technologies and social media platforms. It can be challenging to locate the appropriate marketing channels in a foreign country. Working with local marketing professionals to help you create a strong brand and use appropriate marketing channels is one method to get around this. To make this easier, you might need to create some dropshipping positions and hire locals in the regions where you wish to sell. Investing in affiliate marketing, where influencers and bloggers from your target market can drive traffic to your site, is one method to offset this problem. Even the best dropshipping websites may only be profitable if they receive a sufficient number of daily visits. If you want your firm to succeed, this is essential. Need for a Multilingual Website As you now know, reverse dropshipping is fulfilling items to different nations so for each nation, you need to describe the product and other related information in their language. You need to send order confirmation messages/emails, invoices and other sales updates in many local languages such as Mandarin for Chinese customers, a variety of different languages for India, etc. Suggested Read: Dropshipping websites that can help your business grow. Conclusion: How Can WareIQ's 3PL Fulfillment be a Good Alternative to Reverse Dropshipping? WareIQ, one of India’s fastest-growing third-party fulfillment companies, provides a variety of fulfillment options within the country which enables you to run your supply chain smoothly. Experts at WareIQ are experienced in a multitude of different aspects of eCommerce fulfillment. We have tie-ups with dozens of national as well as international shipping companies, sellers and manufacturers. When you use the dropshipping or reverse dropshipping method in India, managing returns becomes a challenge. However, we offer an RTO Shield which helps mitigate RTO requests and provides insurance against it. We have solutions across every touchpoint of logistics. In case you serve a niche market that is not near to your physical location and you find it difficult to reach all your customers, we provide fulfillment centers and dark stores in every corner of the country. We have a complete all-in-one solution for each and every eCommerce business requirement by using a high-tech AI-based application that integrates with multiple selling channels in one place, which ensures that you and your customers will have the best possible experience. Reverse Dropshipping: FAQs What is reverse dropshipping?Instead of purchasing goods from China, India or other countries and exporting them around the world, you import goods from developed countries, particularly the US and and Europe, and sell them in different countries. This is known as reverse dropshipping. Can I dropship to the USA from India?All you require to dropship to the USA is a business bank account in India and registering with your GST number. Is dropshipping profitable in India?India is a very profitable market for dropshipping because of the enormous growth potential, a large amount of untapped resources and the lower risk associated with it. Can I dropship to another country?Dropshipping allows you to sell anytime and everywhere, so instead of just dropshipping in a certain country, you can sell your products anywhere in the world.

July 14, 2022

10 Best Amazon FBA Alternatives and Competitors for eCommerce Retailers to Fulfill Online Orders in 2024

The eCommerce industry is growing at a rapid rate, especially in a developing market like India, where more people are gaining access to the internet, and the conveniences offered by it, on a daily basis. Logically, the number of retailers striving to capitalize on all these new internet users is also expanding and with a plethora of eCommerce marketplaces, that cater to a variety of different budgets and product types, online sellers are spoiled for choice as to which one fits their requirements and audience the best. An opportunistic company would try to sell on as many of these platforms as possible, to gain as much visibility to potential customers as they can, and many of them do. One of the biggest factors in the boom of eCommerce retail in India was the entry of Amazon, the world’s largest eCommerce selling platform, into the country in 2013. Since then, India has become one of the biggest markets for Amazon, especially after losing out on market share to local competitors in China. The company has committed itself to a vast expansion in every sector of the country, with landmarks such as the opening of the largest Amazon campus in the world in Hyderabad in 2019 and the then CEO and co-founder, Jeff Bezos, explicitly stating the company’s goals of making India its number one focus. While this has had a positive impact on the entire eCommerce industry as a whole, there are many retailers who abstain from selling on Amazon and would rather focus their efforts on homegrown platforms such as Flipkart and Myntra. In addition, Amazon’s first-party fulfillment service, Fulfillment by Amazon (FBA) levies many restrictions and additional expenses on sellers such as some of the highest commission charges in the industry, rigid packaging guidelines and minimum monthly sales targets, among others. Read our blog on FBA Vs FBM to find out which one is right for your business. Although it offers some of the best fulfillment services and use of technology in the country, this lack of flexibility can lead many retailers to search for Amazon FBA alternatives, some of which offer just as many services, cheaper pricing plans and more freedom to position their brand in the way that they want, while still taking advantage of selling on Amazon’s eCommerce platform. In this blog, we will take a look at the reasons companies search for alternatives to Amazon FBA, the 10 best Amazon FBA competitors in the country and how WareIQ can be of assistance. Read along. Top 5 Reasons Companies Search for Amazon FBA Alternatives Reduced Branding Capabilities If retailers use FBA to fulfill Amazon orders, they have to abide by Amazon’s packaging standardisation, which essentially means the first thing that customers will see when they unbox their order is Amazon branding, front and center. This is a conscious effort by Amazon to let the customer know where the product was ordered from and who fulfilled it, as opposed to highlighting the brand of the seller, who has done the hard work of researching and manufacturing the product, and who has generated a sale for Amazon. If a retailer wants to highlight their own brand instead of Amazon’s, which already has more than enough name recognition, they are better suited to find alternatives to Amazon FBA. Complicated Payment Structure Amazon FBA’s payment structure can be extremely complicated to figure out, especially for retailers who don’t have much experience with using the platform’s services. There are a vast variety of different expenses, some of which are fixed, variable or circumstantial. There are 3 main fees that Amazon imposes on its sellers - Seller fees which is a standard fee to use their services, fulfillment fees which encompass warehouse operations such as picking, packing and shipping for each order, and storage fees which is a based on the amount of storage space your inventory occupies. Additionally, the charges can vary depending on different seasons, events, flash sales and other factors and Amazon is notorious for charging penalties for minor infractions. Sellers who want to have simple and transparent payment plans often seek to find Amazon FBA alternatives. Merged Inventory With Similar Products The large number of sellers that utilise FBA for storing multiple products and variations means that not every product will get access to its own, separate storage location in the warehouse. Similar products from different sellers are often clubbed together and assigned a single slot, from where they are picked and packed, whenever an item is ordered. This results in the increased possibility of the wrong products being selected and shipped, resulting in customer dissatisfaction, a negative impression of the brand and the hassle of dealing with product returns for the seller. If a retailer wants their own designated storage space for the entirety of their product line-up, it would benefit them to look for Amazon FBA competitors. Limited Inventory Control Retailers who require strategic control over their inventory would be better off finding alternatives to Amazon FBA, due to the increased difficulty of adding and removing products that are stored in FBA warehouses. Continuing with the theme of penalizing retailers for minor offences, Amazon imposes a penalty fee if inventory is stored for a longer period than the predetermined date, which limits the ability of retailers to effectively forecast market demand and order and store products accordingly since they have no room to make the necessary changes and additions to their inventory. Partnering with FBA requires retailers to order and store all their inventory in one go, which makes it difficult to achieve the right product quantities and can result in wastage and losses, which sellers will have to incur. Rigid FBA Prep Guidelines Amazon's ultra-strict guidelines can be a benefit for consumers but a challenge for retailers to follow extensively, as there are many regulations to follow in order to get their products prepared to be fulfilled by FBA. FBA prep refers to the rigid instructions set by Amazon in regard to packaging, labelling and safety standards. One example is the need to follow the Amazon Standard Identification Number System (ASIN) where each product has to be labelled separately and split into multiple different shipments before being dispatched to an FBA warehouse. This ultimately increases the expenses and storage costs for retailers as one product is effectively split into multiple shipments, taking up more storage space in the process. If retailers do not want to be subject to harsh requirements and penalties, they can opt to find Amazon FBA competitors. Related Article: Amazon Pricing Strategy 10 Best 3PL Alternatives to Amazon FBA in 2024 WareIQ Source WareIQ is a rapidly expanding eCommerce fulfillment company that was founded in 2019 and is currently headquartered in Bangalore. Making good use of the advanced technology services it has at its disposal, the company offers a comprehensive tech stack that includes a state-of-the-art WMS which can integrate with more than 20 of the biggest eCommerce marketplaces including Amazon, an app store that consists of a variety of easily downloadable apps that functions in a similar way to conventional mobile app stores such as the Google Play Store and Apple App Store, branded order tracking that can be fully customized and much more. Additionally, the company has partnered with more than 20 of the biggest shipping aggregators in the country to provide ultra-fast same-day and next-day delivery to most pin codes across India. Some of the features of WareIQ that make it one of the best Amazon FBA alternatives are: Offers a pan-India network of Fulfillment centers and dark stores, enabling eCommerce sellers to store inventory closer to customer Has 20+ shipping partners enabling same/next day delivery Provides easy integrations with 20+ eCommerce marketplaces & online platforms Offers a fulfillment platform with a unified OMS & WMS view Has an inventory planner for smart inventory placement to reduce overstocking & avoid stockout situations Provides a shipping recommendation engine to choose the most cost-effective last-mile delivery partner Provides packaging facilities that are highly customizable Offers branded tracking facilities that can be tailored to every retailer’s requirements Provides industry-leading pricing plans Does not impose any minimum order requirements Highly capable customer success team for 24x7 customer support [signup] FedEx Source: www.fedex.com FedEx is a multinational eCommerce giant that offers eCommerce fulfillment solutions, supply chain services and shipping facilities across many different industries such as healthcare, electronics, retail and much more. The company was founded over 50 years ago, in 1971, in Little Rock, Arkansas, United States and currently has its headquarters in Memphis, Tennessee. The company operates in upwards of 220 countries globally and offers features to eCommerce retailers such as being able to sync their order details and inventory lists across multiple selling platforms, in a single location. The company is one of the most experienced in the field of eCommerce fulfillment and will be sure to handle any task with ease. Some of the features of FedEx that make it one of the best Amazon FBA alternatives are: Offers ultra-fast delivery and returns management facilities Provides a vast fulfillment network for delivery Provides users with a simple and intuitive technology platform Provides integrations with a variety of eCommerce marketplaces Offers a worldwide network of services ShipMonk Source : www.shipmonk.com ShipMonk is an eCommerce fulfillment company whose primary focus is to make tech-based eCommerce services readily available to a wide audience of retailers, across industries. The company’s headquarters are located in Fort Lauderdale, Florida and since its inception in 2014, its services and operations have expanded rapidly. ShipMonk offers a wide variety of services ranging from packing services, pick and pack operations, and warehouse management to customer support and much more. It currently has 100 plus digital stores and assigns dedicated account managers to every customer for onboarding assistance. Some of the features of ShipMonk that make it one of the best Amazon FBA alternatives are: Offers a digital billing portal to customers Helps with the automation of warehouse operations Has a wide variety of branding and customisation services Provides decreased pricing for bulk orders and tax benefits Does not impose a setup or inventory receiving fee DHL Source : www.dhl.com Dalsey, Hillblom, and Lynn, abbreviated as DHL, is a global eCommerce juggernaut in the eCommerce fulfillment industry. Founded in 1969 in San Francisco, California, and currently headquartered in Bonn, Germany, the company has grown immensely and provides courier and shipping services in India and to more than 220 countries across the globe. While the company is split into many sectors, its distribution branch offers door-to-door delivery and transportation of freight through air and sea. A significant advantage for retailers who ship internationally and use DHL for their requirements is the company’s ability to clear customs without any hassle and seamlessly tackle any other challenges that could arise, while also offering insurance on every package. Some of the features of DHL that make it one of the best Amazon FBA alternatives are: Offers integrations and inventory optimisation across multiple eCommerce marketplaces Provides effective logistics management Provides a wide range of B2B and B2C fulfillment services Offers next-day delivery in 80-plus cities and towns in India Provides a central tech platform for inventory management, order fulfillment and other procedures Rakuten Source : global.fr.shopping.rakuten.com/en/ Rakuten is a world-renowned fulfillment company that offers various eCommerce-related services such as packaging, shipping, kitting and returns management, among many others. Founded in 1997 in Tokyo, Japan, it also maintains its global headquarters there. It has provisions to enable retailers to track shipping metrics to be able to streamline and enhance their shipping operations to reduce expenses and increase delivery speeds. Additionally, the company offers a service called XParcel, which is targeted at small and medium-sized companies, to make their fulfillment requirements easier and cheaper. Some of the features of Rakuten that make it one of the best Amazon FBA alternatives are: Offers specifically-tailored services for eCommerce retailers Provides integrated marketing solutions Offers same-day and next-day delivery in the US Runs specialised fulfillment centers Offers subscription box and kitting services BlueDart Source : www.bluedart.com BlueDart is an Indian logistics and courier operations company that was founded in 1983 and is currently headquartered in Mumbai, Maharashtra. The company is one of the largest and longest-operating Indian eCommerce fulfillment providers that also offers global operations in more than 220 countries in addition to the more than 35,000 serviceable pin codes within India. Along with the conventional array of eCommerce services, they also offer some unique facilities such as allowing customers to choose their preferred delivery date and time by selecting schedules and time-slots. It also offers an API that can provide specialised services such as weather-proof packaging, automated proof-of-delivery updates and much more. Some of the features of BlueDart that make it one of the best Amazon FBA alternatives are: Provides local as well as global operations Provides most major payment options Offers specialised services such as weather-proof packaging Allows scheduled delivery at specific dates and times Has a vast amount of experience in the industry Ekart Source Ekart was originally founded in 2009 as a subsidiary of Flipkart but has since changed ownership and has expanded its range of services to offer fulfillment to a wide variety of other eCommerce marketplaces, including Amazon. Headquartered in Bangalore, Karnataka, the company has garnered popularity due to its relatively low prices and provision of ultra-fast delivery. They currently offer same-day delivery in 13 cities and next-day delivery in 50. The company also offers a tracking API that provides status updates on orders, the printing of labels, and much more. Some of the features of Ekart that make it one of the best Amazon FBA alternatives are: Provides reverse logistics services Has an API that gives real-time order and inventory updates Offers some of the lowest rates in the industry Includes most major payment options Has a pin code coverage of around 4,000 Ecom Express Source: ecomexpress.in Founded in 2012 and currently headquartered in Gurugram, Haryana, Ecom Express is a logistics and courier services company that offers eCommerce fulfillment services. One of their unique selling points is their ability to successfully ship high-value commodities such as jewellery and electronics, by providing additional security and safety features. The company operates 7 days a week and on public holidays, while also offering guaranteed delivery within 72 hours of the order being confirmed. Similarly, they also provide a 72-hour guarantee for returns. Some of the features of Ecom Express that make it one of the best Amazon FBA alternatives are: Provides enhanced security features for all orders Operates 24/7 and on public holidays Provides 72-hour guarantees for every order Provides reverse logistics services Services more than 27,000 pin codes Shadowfax Source: shadowfax.in Founded in 2015 and currently headquartered in Bangalore, Karnataka, Shadowfax is an eCommerce fulfillment and logistics company that offers both domestic and international operations. The company provides a variety of delivery options including marketplace pickups, warehouse pickups, and first-mile and last-mile delivery, in addition to hyperlocal and ultra-fast delivery. The company also provides value-added services such as in-transit storage and on-demand pickup, and has gained recognition for its fast delivery services. Some of the features of Shadowfax that make it one of the best Amazon FBA alternatives are: Services more than 7000 pin codes in India Provides facilities like in-transit storage and on-demand pickup Accepts most major payment methods Offers a variety of delivery options Provides both first-mile and last-mile delivery DTDC Source: www.dtdc.in DTDC is one of the earliest eCommerce logistics providers. Since its founding in Bangalore in 1990, the company still operates its headquarters there. It has a customer base of more than 10,000, 75% of which consists of eCommerce businesses. It services more than 17,500 pin codes in India and provides additional facilities such as warehousing and a tracking API that can provide order updates and issue non-delivery reports, and much more. It also offers a variety of different delivery options including ultra-fast delivery, hyperlocal delivery, scheduled delivery and slot-based delivery, in addition to the conventional options of same-day and next-day delivery. The company also differentiates itself from the competition by being able to fulfill orders for a wide variety of commodities including high-value goods, bulky goods and even hazardous goods. Some of the features of DTDC that make it one of the best Amazon FBA alternatives are: Accepts all major payment options Provides specialised delivery for high-value, bulky and hazardous goods Offers a tracking API with real-time tracking facilities Services more than 17,500 pin codes Provides express delivery Feature Comparison Table of Amazon FBA Competitors [table id=39 /] Suggested Read: Amazon vs Flipkart Sales During Festive Season How can WareIQ's Seller Flex Services Help sellers succeed? Sellers are constantly seeking ways to optimise their operations and enhance customer satisfaction. WareIQ's Seller Flex services provide a robust solution for sellers leveraging the benefits of Amazon's Seller Flex program. Here's how partnering with WareIQ can help sellers thrive. Access a Pan-India Fulfillment Network WareIQ boasts a comprehensive network of Seller Flex-compliant fulfillment centres strategically located across India. This extensive reach allows sellers to: Strategically Place Inventory: Sellers can significantly reduce shipping times and enhance delivery speed by positioning inventory closer to end consumers. Optimise Fulfillment Costs: With regional fulfillment, sellers can minimise shipping costs, making it easier to offer competitive pricing. Maintain Control Over Inventory and Enjoy Prime Benefits One of the key advantages of WareIQ's Seller Flex services is that sellers can maintain control over their inventory and fulfillment processes while still enjoying the significant benefits of the Amazon Prime badge. This unique feature allows sellers to: Retain Flexibility: Sellers can manage their stock levels and fulfillment strategies according to their business needs, ensuring they can adapt quickly to changing market demands. Prime Badge Benefits: Despite managing their own fulfillment, sellers still benefit from the Prime badge, which enhances product visibility on Amazon. This badge signifies fast and reliable shipping and attracts a more extensive customer base, as Prime members prioritise Prime-eligible products. Ensure Accurate Inventory Management Effective inventory management is crucial for any seller, and WareIQ provides advanced solutions to ensure accuracy: Smart Inventory Management System: WareIQ employs a sophisticated inventory management system that includes daily inventory counts using scan-based devices. This ensures that sellers have real-time visibility into their stock levels. Thorough Audits: Regular audits help prevent missing inventory items and maintain necessary documentation for a seamless transfer of goods. Streamline Returns and Claims Management Returns can be a significant pain point for sellers, but WareIQ simplifies this process: In-House Quality Control (QC) App: WareIQ utilises an in-house QC app to create photo and video proofs of the condition of returned items. This documentation is stored against the order ID/AWB on WareIQ's smart fulfillment platform. Simplified Claims Management: With easy access to media proofs, sellers can streamline the claims filing process, reducing the time and effort required to manage returns. Benefit from Expedited Onboarding Getting started with Seller Flex can be a daunting task, but WareIQ makes it easier: Accelerated Onboarding Process: WareIQ's strategic partnership with Amazon allows a faster seller onboarding process. Professional Support: The WareIQ team assists with all essential paperwork, ensuring a trouble-free transfer and a smooth start to the Seller Flex experience. By leveraging WareIQ's Seller Flex services, sellers can easily navigate the program's complexities. They can maintain Prime eligibility, optimise their fulfillment strategy, and focus on growing their business while WareIQ handles the logistics. Embrace the benefits of Seller Flex with WareIQ and take your e-commerce operations to the next level. Conclusion: Why is WareIQ One of the Best Alternatives to Amazon FBA in India in 2024? The eCommerce retail industry is extremely competitive and a competent fulfillment service can mean the difference between a retailer acquiring success or failure. Order fulfillment is one of the most important aspects of online selling as it determines the kind of experience a customer will have and the impression they will carry about the company that they ordered from. Most retailers are required to sell their products on Amazon, simply because it is one of the largest, most recognised and technologically advanced fulfillment platforms in the world. It opens up a vast amount of opportunities and access to customers that they simply couldn’t get otherwise. Retailers, especially those who aren’t well-versed with the order fulfillment process, often opt to fulfill their Amazon orders with FBA, mainly out of convenience and because they perceive it as the best option. However, partnering with a 3PL fulfillment company like WareIQ, can often grant them access to even more facilities, better service, fewer restrictions and cost-effective pricing. WareIQ is one of India’s emerging eCommerce fulfillment providers that use advanced technology to tackle the multiple challenges associated with the order fulfillment process. We ensure that we provide the best experience to our users, by providing enhanced and flexible services, that are easy on the pocket. Some of our industry-revered services include: Country-Wide Network of Dark Stores and Warehouses Offers an intuitive plug n’ play setup Has integrations with Flipkart Assured, Amazon Seller Flex, Myntra, and other online marketplaces Offers local sourcing hubs to lower first-mile costs Offers in-house inventory management Efficient Warehouse Management and Network Planning Offers industry-leading AI models for demand forecasting and triggers for automatic replenishment Provides bundling of commodities based on type (regular, non-regular, seasonal etc.) to improve the generation of sales Vertically-Integrated Fulfillment Tech Stack Provides integrations with more than 20 top-selling platforms and D2C channels Provides integrations with hyperlocal, regional and national shipping aggregators, covering more than 27,000 pin codes Provides an individual unified technology stack for WMS and OMS App Store With Easy-to-Install Apps to Enhance Productivity Uses an RTO Shield which offers 100% protection from returns Amplifies post-purchase satisfaction through custom branded tracking pages Sends notifications on order updates to customers through Whatsapp, SMS and Email Helps in customer feedback generation Super-Fast Delivery Through WareIQ Rush Offers same-day delivery with no minimum order requirements Increases revenue conversion rates by 30% Offers near-zero RTO% Provides NDR & COD verification through Whatsapp Decreases Cost per Shipment (CPS) Amazon FBA Alternatives: FAQs (Frequently Asked Questions)

July 13, 2022

10 Best Tips to Handle Out of Stock Situations for eCommerce Businesses in 2024

Stockouts frequently appear on retailers’ lists of worst nightmares and for good reason. Out-of-stocks not only result in lost sales but also in poorer levels of consumer satisfaction and loyalty. When you don't have what a customer wants, they frequently feel let down, and that can have a negative impact on your business. Although you can take many precautions to avoid out of stock situations, stockouts are unavoidable in a few circumstances. This article will give you a few tips to handle out of stock situations as & when they occur. What are Stockouts? Stockouts are the absence of specific items or products at the point of sale when the customer is ready to buy. Stockouts cost retailers an estimated $1 trillion annually; in some industries, stockouts occur as frequently as every third shopping trip. A stockout can occur for a variety of reasons, including: Undercounting inventory and ending up with less than you expectedIncreasing demand for a specific itemSupplying delays caused by manufacturersLacking the necessary funding to purchase fresh stock In a physical store, this usually leaves prominent gaps in the shelves. Stockouts are even more aggravating for online customers because there is often no way to tell whether the stockout is due to a temporary technical issue or a major disruption in the retailer's supply chain. Out-of-stocks and generalized product unavailability are distinct but important to avoid. [contactus_gynoveda] -> With gynoveda Why is it Important to Handle Out of Stock Situations Before They Occur? Customers May Get a Negative Impression of Your Business While running an eCommerce business, if an out-of-stock situation is not handled properly, customers may get a bad impression. Additionally, if you consistently ignore customer complaints and negative feedback, it can negatively impact your business in the following ways: Lost profitsLack of repeat customersExisting customer dissatisfaction Negative feedback and reviewsDamage to the company’s reputation Backorder Costs Can Increase When your company accepts orders for out-of-stock products, there will be an increase in the frequency and amount of backorders. This can increase the costs and the duration of the supply of products and by the time the order reaches the customer, they may be dissatisfied with the duration and service. The biggest problem is handling out-of-stock in all companies. Revenue Will be Lost When your company receives orders for out-of-stock items and doesn’t make an effort to prevent stockouts, potential sales and revenue generation can be lost perpetually. This can have a drastic impact on all businesses, especially smaller and medium-sized companies that rely on every sale they can get. Your Business May Get Negative Reviews When a company provides a poor customer experience, it risks receiving negative feedback on selling platforms and other online websites. Customers get a bad taste in their mouths when they run out of stock and some may end up writing negative reviews online, which can prevent other customers from giving your business a chance. Causes of Products Going Out of Stock Although there are only a few likely outcomes of stockouts, such as customer frustration and lost sales, there are numerous scenarios that can lead to stockouts in the first place. Disparities in Product Counts A discrepancy between item counts and the record of how many units of a particular item a retailer has in stock is a common cause of stockouts (also known as phantom inventory). There are four major causes of discrepancies in item counts: Errors caused by humansTechnical difficultiesShrinkage as a result of damage or theft.Inaccurate Forecasting Although it is difficult to quantify, human error is frequently to blame for inventory management errors. During busy shopping periods, especially in retail stores, it is all too easy to miscount items. Disparities in item counts can also be caused by technical issues. Computerized inventory management systems are used in the majority of warehouses and distribution centers. However, when these systems experience technical issues, such as data center downtime or when synchronization between two computerized systems is delayed, discrepancies in item counts can occur. Inventory mismatches are sometimes caused by a combination of these two factors. It's all too easy for busy warehouse workers to miscount items by hand and it's just as simple to enter incorrect data into an inventory management system. Transportation Issues While many inventory management issues are well within retailers' control, logistical issues are not always. Retailers have recently faced numerous supply chain challenges, including hundreds of thousands of unloaded containers with merchandise on ships waiting to dock at ports around the world. Beyond shipping, the Covid-19 pandemic has disrupted the global supply chain, from manufacturing to transportation and logistics. It is just as easy for goods to be misplaced by warehouse staff as it is for the wrong shipment to be delivered to the correct location. Similarly, a logistics provider's shipping tracker may indicate that a shipment is on its way for delivery when, in fact, the shipment is still being processed in a distribution center. When you multiply these issues by the millions of products that must be shipped to thousands of retailers, it becomes clear how critical accurate logistics information is. Inadequate Management of Cash Flow Stockouts can also be caused by cash flow issues. You may know how much inventory is required but without sufficient funds, you cannot purchase it. If a lack of cash flow is causing stockouts, better planning and funding can help handle out of stock situations better. Cash is one of the most important aspects of a business as it is responsible for paying for all of the services and machinery that is used in the manufacturing and fulfillment process so if there is not an adequate amount available to pay for essential services like ordering enough goods to prevent stockouts, it can have a negative impact on the supply chain processes of the business. Poor Inventory Replenishment Stock replenishment entails ensuring that you always have enough products to sell at the appropriate time. According to research, poor shelf replenishment practices account for 70 to 90% of stockouts, with supplier shortages accounting for only 10 to 30%. Stock replenishment is becoming increasingly important in the omnichannel retail environment, where you must provide the best product selection possible, whether online or in-store. Today, many automated stock management systems are available to track inventory and order items based on your specifications. It is critical not only to keep items in stock but also to forecast future demand, reduce markdowns and keep customers happy. Read further about the stock discrepancy. 10 Tips to Handle Out of Stock Situations and Prevent Them From Occurring in 2024 Stockouts occur when a retailer runs out of inventory as a result of increased customer demand or a breakdown in the supply chain, affecting retailers' shelves and overall profits. It could be the most frustrating shopping experience for both online and in-store customers. Here are a few ways to prevent stockouts in 2024: Specify if a Product is Currently Unavailable Out-of-stock products should be divided into two categories - those that are not currently available and those that have been permanently discontinued. It should be clearly stated which category applies to the product in question. It also ensures that customers know whether or not they can expect it to return. Some websites allow customers to out-of-stock items in wishlists or receive notifications when the item becomes available later. A weekly stock audit is essential to prevent stockouts. Choosing a strategy that encourages greater user engagement can work wonders for retailers. Provide Similar Product Recommendations It is the retailers' responsibility to use product pages to provide alternatives to users based on their preferences and customer behaviours. It is possible when retailers understand the categories in which their customers are interested, segment them and display relevant products in an appealing manner. When a product is unavailable, it aids in the recommendation of alternative product groups. These groups can assist retailers in avoiding a sale and keeping users interested in the brand. It aids in redirecting users from the product page to the home page. Mention the Restock Date If a product is out of stock, it is the duty of the retailer to mention if and when the product will be restocked to prevent further dissatisfaction from customers and give them reliable and transparent information, instead of accepting their order, only to disappoint them later. The restocking date can either be mentioned on the product listing page directly or you can encourage the user to fill out their contact information and send them a reminder when it is back in stock. Remove the Out-of-Stock Product Listing One solution to handle out of stock items is to move the product listing to the bottom of the search results or remove it together. If you reduce its visibility, fewer people will click on the listing, resulting in fewer unhappy customers. It's a straightforward "out of sight, out of mind" strategy. It can be difficult to keep track of your inventory in order to make these changes automatically. Inventory tracking and management software, which allows retailers to forecast product shortages, is commonly used by businesses with multiple product lines. If you have the funds and infrastructure to do so, this is a great way to get ahead of the game when a product appears to be running low on stock. Encourage Customers to Pre-Order You as a retailer can accept pre-orders for products that aren't currently available but will be soon. It can be resolved by offering a longer shipping time or a pre-order option to secure the sale immediately. Customers value the retailer's honesty and willingness to serve; as a result, customers may have to wait a little longer than usual for their preferred products. Encouraging customers to pre-order will help to anticipate the demand for particular products and prevent stockout situations. Use an Inventory Management System Out-of-stock items are more than just a nuisance. It may have long-term consequences for your Amazon FBA business as well as other sales channels. Algorithms can push your competitors ahead of you in the seller rankings. This can have a disastrous effect on your revenue. Because of too many stockouts, some companies have lost their coveted position in the buy box. This is yet another reason why inventory must be synced across all warehouses and sales channels. This is where using inventory management software can help to handle out of stock situations. You must have a consistent - and accurate - inventory count regardless of where your inventory is physically located or where you are selling it. Forecast Demand for Various Products Inadequate or inaccurate inventory forecasting is another common cause of out-of-stock situations. Retailers face a significant challenge in forecasting demand for specific products. According to recent data, 73% of retailers struggle with inventory demand forecasting. Performing an ABC analysis makes it easier for some retailers than others to predict how much inventory will be needed and when. Businesses that primarily sell seasonal items, such as winter sports equipment or beachwear, may find it much easier to forecast demand for specific products. However, there are ways for all types of retailers to anticipate demand and avoid stockouts. When preparing inventory forecasts, retailers should consider lead time—the time between placing an order for new products and receiving them from a supplier. Examining previous purchase orders from specific suppliers is one way to estimate lead time. This is unlikely to be sufficient on its own, but it can be used as a starting point for calculating lead time from individual suppliers. Have Constant Inventory Counts Some retailers still physically count their inventory. While this may be an age-old technique, it's probably time to upgrade to modern standards. Using good inventory management software will allow for automated inventory counts at predetermined intervals so that you can always be aware of your inventory levels and have any changes updated in real-time. Use Automatic Low-Stock Alerts Low inventory alerts can be set for your entire store or customized per SKU. The frequency of alerts and the information you receive are also customizable. Some of the useful features of an inventory management system that will help prevent stockouts are: Default Alert ConfigurationSet a Safety StockSet Location or Warehouse AlertsSet Individual Variant Alerts Have Alternative Vendors To handle out of stock situations or prevent stockouts from occurring, you need to partner with alternative vendors to recover yourself from a critical situation by not being entirely dependent on one vendor. By using multiple vendors, you can always place orders with the relevant one for different product types and can rely on another one in case an issue or delay arises. This way, customers will not be inconvenienced and you can make sure that all products are available in stock. Conclusion: How Can WareIQ Help eCommerce Businesses Handle Out of Stock Occurrences? Being able to handle out of stock situations is vital for every eCommerce business, not only to prevent lost sales and revenue but also to ensure that customers are satisfied and that costs are kept in check. While there are multiple ways to prevent stockouts from occurring, paying little attention to your inventory levels can be the most effective. If you need assistance to prevent or minimise out of stock occurrences, you can consider partnering with WareIQ. WareIQ is one of India’s leading eCommerce fulfillment companies. Through our use of advanced technology such as our in-house WMS, we can help prevent stockouts from occurring by monitoring changes to your inventory levels in real-time and syncing order details and inventory management across fulfillment centers and more than 20 eCommerce selling platforms. Users can also set low-stock warnings to trigger an automatic order of the relevant products from the supplier. Handle Out of Stock Situations: FAQs What is the impact of out-of-stock situations?Revenue loss is the most visible impact of stockouts. You lose the profit from that sale if a customer attempts to place an order but the item is out of stock. Consumers might choose less expensive goods. Or, even worse, you can permanently lose a customer, which would result in less recurring sales in the future. Why do stockouts occur?When things are out of stock, customers who wish to buy them cannot. Both physical retailers and internet stores experience stock shortages. Stockouts are frequently brought on by inadequate inventory management and supply limitations. What is an OOS scan?To update products with no on-shelf inventory, retailers should implement inventory audits, often known as OOS scans. Associates can visually scan planograms during scheduled store tours, check system inventories for backroom stock, and initiate new orders. What is NOOS?NOOS is a category/segment of Apparel that, as the name suggests, never goes out of stock, since the demand for this is constant. For e.g. white shirt, blue jeans etc. What value-add does WareIQ provide for handling NOOS products?WareIQ can provide:1) Faster, same-day delivery2) Attribute-based smarter recommendations to push products with similar attributes in order tofulfil demand at an adequate pace, keeping sales momentum high3) Leverage robust data analytics to cater to size-set variations based on parameters such asgeography, age-group etc4) Analyze the discount sensitivity of the target audience, set the right discount, and improve sales

July 11, 2022

10 Best AliExpress Alternatives for Dropshipping in 2024

AliExpress has emerged as a big name in the eCommerce dropshipping space with its specialized dropshipping company, DSers. However, there may be some features that you require from your dropshipping service that isn’t offered by AliExpress. If a need cannot be met by the company, it would be a good option to identify an AliExpress alternative. In this blog, we will look at the best AliExpress dropshipping alternatives and how they compare. What is AliExpress Dropshipping? China-based online retailer AliExpress, which runs the dropshipping website DSers for AliExpress, is owned by Alibaba. AliExpress has millions of products listed that make it the first pick for many dropshippers. Unlike many wholesale merchants on Alibaba, AliExpress lets you order single units of goods. As a result, you can ship directly to customers without the need for special off-site inventory storage. Free registration and the options to browse millions of products at reasonable prices are its two biggest advantages. You can easily place an order on the website without talking to any vendors if there is a language barrier. DSers is in-charge of managing all notifications and shipment tracking. Several very dependable automation solutions are also available that automate order fulfillment for well-known eCommerce sites. One of its drawbacks is that most of AliExpress's suppliers are located in China. The time it takes for products to reach customers in different countries can be longer despite the fact that this leads to reduced prices and commonly accessible global shipping options. Because of the fact that customers must wait weeks for their orders to arrive, it is best for companies to search for an AliExpress alternative that is located in India and has shorter shipping times. [contactus_gynoveda] Required Features in AliExpress Alternative Dropshipping Companies for the Year 2024 Provide Single and Bulk Order Shipping When you become an eCommerce seller, you have to deliver products to each of your buyers as well as store high-demand products to have stock to fulfill later sales to avoid stock-outs or price hikes. Your partner dropshipping company should be able to ship every order, regardless if it is just a single order of a small item or a bulk order of heavy items. This gives you flexibility in knowing that every order can be fulfilled with the same company, which gives you more bargaining power and lower costs. Have Good Return Policies A dropshipping company should frame and offer a return policy according to the facilities they can provide. You should inquire about the return policies of multiple companies and choose the one that offers that fits your requirements. They need to offer features like penalty-free returns in case of product damage or substandard quality. Offer Better Reachability It should be an important aspect to notice. If you want to dropship your products and agree with all of the policies, you should also check the dropshipping coverage of every company and select the one that provides services to the most locations. Utilize Automation Dropshipping is used by eCommerce sellers mainly to be less directly involved in the order fulfillment process and use less of their resources, either financial or labour. A good dropshipping company is incomplete without efficient automation of key processes to provide a good experience. Comparison Table of Every AliExpress Alternative [table id=38 /] Top 10 AliExpress Dropshipping Alternatives for Retailers Seasonsway Source Seasonsway dropshipping is an AliExpress dropshipping alternative that is best suited for fashion items because they mostly focus on fashion-related products, which can be understood by having a quick glance at their inventory. They have a substantial stock of mobile accessories, home goods, garments, innerwear and gift items. These specific product niches are all more profitable than other niches. Experts give advice on trading in the aforementioned markets where retailers can make more money. Therefore, Seasonsway should be one of the best options if you wish to trade in these categories. Signing up with Seasonsway is free. You will have to either create your own website or register with retail marketplaces since they don't offer any. They provide a wide range of fashion products. You receive a dashboard from which you can handle your dropshipping requirements, including payments, processing, and other dropshipping needs. Snazzyway Source Snazzyway is unique in regard to being an AliExpress alternative. It is an Indian-based dropshipping website specializing in women's undergarments. The ideal fit is if you work in the women's underwear industry, such as lingerie, bras and other inner-wear. In addition, if you think the undergarments market is undervalued, you should know that the Indian lingerie market, which was valued at over $3 billion in 2017, is expected to rise at a healthy CAGR of roughly 14% to reach $6.5 billion by 2024. If you are a dropshipping company that deals in garments and innerwear, you can definitely consider Snazzyway as a prime AliExpress dropshipping alternative. DHGate Source The primary option that crossed every retailer's mind when AliExpress was banned in India and they had to find AliExpress dropshipping alternatives, was DHgate. It is yet another trustworthy AliExpress substitute in India. On DHgate, you can buy practically everything. It offers B2B and B2C dropshipping services. The website's user interface is its best feature. Its product categories are extremely thorough. Various categories have further subcategories. All of the top logistics providers including TNT, HK Post, Singapore Post, Post Link, Ems, China Post, UPS, DHL and FedEx, are used by DHgates. DHgate often needs 3 to 15 days to deliver its goods. Depending on the goods, the days may change. DHgate has the option for credit cards, PayPal, and Western Union. Banggood Dropshipping Source Banggood is another AliExpress dropshipping alternative with affordable rates on a variety of goods and has a strong rivalry with AliExpress. With more than four million listed products, it contains everything from iPhones to drones. This eCommerce shop is relatively unknown, which naturally makes it an alluring location for dropshipping goods. Numerous products are available on Banggood from China, Hong Kong and even the US. The majority of the items on this list are obtained straight from the manufacturer. Banggood offers ePacket and air parcel shipping with transit times ranging from 7 to 30 days. Visa, PayPal, wire transfers, and even cash on delivery are numerous payment options, accepted by Banggood. The majority of items, including drones and robots, that aren't offered by other online retailers are available at Banggood. Banggood is an excellent option to look at if you need to dropship these difficult-to-find commodities. TradeIndia Source TradeIndia is a good AliExpress dropshipping alternative because they are the second-largest B2B marketplace in India, with a total of 42,93,725 registered buyers and 37,47,446 registered sellers. The TradeIndia platform facilitates around 31,42,496 interactions between buyers and sellers each week. That is the main justification for choosing their services. You can connect with thousands of reliable dropshippers in India by signing up on their platform. Although the majority of the vendors listed here are from other nations, you can look for Indian dropshipping businesses too. TradeIndia offers a large variety of products, so you won't ever be out of style. You can browse through thousands of products in a variety of categories on their website. DX Source DX has a huge selection of products available for dropshipping, which makes it a good AliExpress alternative. It has a top bargains section where all items are discounted by roughly 50%. As a result, dropshipping with DX becomes profitable for retailers. The majority of DX products are shipped the same day. The delivery period, however, may surpass 15 days if you reside in a nation that is further from the producer. On the majority of its products, DX provides free shipping. PayPal and credit cards are accepted for payments. Salehoo Source Salehoo is a dropshipping and eCommerce AliExpress alternative designed to prioritize the concerns of eCommerce business owners over inventory. With Salehoo, you can access more than a million products from 8,000 suppliers for just $67 a year. Salehoo's inventory is directly sourced from wholesalers so you have an advantage over other eCommerce store owners that source their products through AliExpress and DHgate. Salehoo offers some of the top products for dropshipping. Most Salehoo wholesalers allow you to negotiate delivery times and receive your products whenever you like. The shipping of the goods will, however, take at least 30 days if the wholesalers are headquartered in China. for payments, PayPal and credit cards are accepted. You can choose the goods you wish to offer through your store with Salehoo by clicking a few buttons. For only $67 a year, it also enables you to bargain with customers and purchase and sell goods at the best prices. GeekBuying Source Geekbuying is an AliExpress alternative where electronic and tech gadgets are the major items sold. You can find the rarest tech products here. On this dropshipping platform, you can also find jewellery, watches and apparel. Products can be shipped anywhere in the world by Geekbuying. For all locations, the standard shipping period is between 5 and 10 days. It also allows you to place bulk orders. You have a variety of payment choices on Geekbuying. You can pay on this website using PayPal, a credit card, a debit card, Boleto, or Konbini. Additionally, instalment payments and wire transfers are both options. Worldwide Brands Source Dropshippers and wholesalers can connect on the Worldwide Brands network. Just after a one-time payment of $224, all of the wholesalers who use WorldWide Brands are accessible to you for a lifetime. According to the portal, users have access to more than 16 million products. Worldwide Brands offers numerous products that you may order and dropship directly to your consumers. Most of these products are obtained directly from manufacturers or wholesalers so you will get them at a low price. Each product's delivery period on WorldWide Brands is determined by the wholesaler. If the wholesaler’s headquarters are in China, the merchandise will be delivered in about a month. You can receive the goods from local wholesalers in less than a week. For payments, PayPal and credit cards are accepted. For experienced dropshippers who want to test out selling new products in the market, WorldWide Brands is the ideal venue. It is not intended for beginner dropshippers who want to establish their own business. Deodap Dropshipping Source DeoDap is an AliExpress dropshipping alternative that is privately held by the Indian trading and distribution business. Their management has extensive knowledge of the importing and distribution industries. The company's primary duty is to procure, market and distribute grocery goods from both domestic and international markets. In 2010, DeoDap was founded as a tiny family business. At the time, the company's primary activity was delivering various goods to small retail stores. They have a strong presence in India and run a very competent sales, marketing, warehouse and distribution operation. As a result, they can work with all the big wholesalers as well as individual retail businesses. They constantly look for products that they believe could have an impact on the Indian market. They have the expertise, knowledge and resources required to guarantee the prosperity of our suppliers. Conclusion: Opting for the Best AliExpress Dropshipping Alternative with a 3PL Fulfillment Partner like WareIQ India is the biggest eCommerce retail market and that is why there are various dropshipping companies that are trying to capitalize. Most sellers tie up with multiple dropshipping companies but it is also important to think about the kinds of products you sell, if their service fees and shipping costs fit within your spending plan and whether their delivery times are reasonable for the locations of your clients. For retailers who need the full range of eCommerce fulfillment services, working with a specialized 3PL provider like WareIQ can be the best AliExpress dropshipping alternative by offering fulfillment services with ultra-fast delivery as opposed to dropshipping. WareIQ is a full-stack eCommerce fulfillment platform that offers all the services required for online merchants, including storage in multiple fulfillment centers, picking, and packaging, shipping, last-mile delivery, etc. As we partner with more than 20 of the biggest shipping Indian aggregators, we will always offer the quickest and most affordable option for each order within the country and provide users with multiple technological benefits such as an advanced WMS and a custom app store. AliExpress Alternative: FAQs Which is better among AliExpress and Alibaba?Alibaba is the better option for sourcing private labels and custom products because you are buying directly from a manufacturer who can make products to your specifications. You can buy pre-made items from AliExpress that are normally not customizable. Is AliDropship the same as AliExpress?AliExpress is designed keeping in mind the end buyer so retailers may purchase individual products. Additionally, they provide dropshipping by sending goods directly to the address of your choice.After selling AliExpress products, you can start a dropshipping business via the AliDropship platform. What are AliExpress alternatives in India?Gearbest, Banggood, DH Gates, Geekbuying and SaleHoo are some of the top alternatives to AliExpress in India. Is order fulfillment and dropshipping the same?No, order fulfillment is when the retailer fulfills customer orders on their own or through a 3PL company where as dropshipping is done directly by the wholesaler or manufacturer.

July 11, 2022

How Cuddles for Cubs Grew their Monthly Order Volume by 500%+ in Just 1 year with WareIQ’s Fulfillment Solution

Cuddles for cubs leveraged WareIQ's fulfillment solution, which consists of its fulfillment network powered by full-stack technology platform, to grow their business, reduce costs and expand their reach significantly

July 09, 2022

Top 10 Dropshipping Websites for eCommerce Sellers and the Best Methods to Choose a Dropshipping Company in 2024

Are you interested in dropshipping but struggling with where to begin? You’re not alone. Most first-time eCommerce sellers face a similar problem with identifying the best dropshipping websites, as there are a lot of options. Questions often arise regarding the cheapest and best offerings that have the most facilities. We have put together a list of the top dropshipping sites to help you make a decision. We will discuss each dropshipping website and its services in detail and suggest the kinds of retailers that would benefit from using it. What are Dropshipping Websites? Dropshipping websites or dropshipping selling platforms are third-party dropshipping companies that manufacture, store and ship the goods that an online merchant sells using the dropshipping business model. Instead of buying in bulk from a supplier, an online company using the dropshipping business model would buy a single item upfront, straight from the manufacturer and then wait to pay for it when the product is sold. There are many benefits to dropshipping companies for new business owners if you do not have many employees during the early phases of your company. Giving up order fulfillment to a third-party service frees up time that may be used for marketing, customer service and brand development. [contactus_uth] How Can Automated Dropshipping Help Your Online Store? Dropshipping websites have a lot of benefits for merchants wishing to expand their business because it transfers most of the heavy work to a third-party fulfillment firm. Some of the benefits are: Low Operating Expenses With dropshipping companies, you never have to worry about spending money on overstocking your product because you only pay for the goods that have been sold. This decreases the amount of investment needed to fulfill orders as firms do not have to pay for what they haven’t used. Lower Initial Investment Since you don't have to invest in product manufacturing and storage, initial setup expenses become substantially cheaper. The extra savings allow for greater spending on sponsored advertisements and promotional campaigns to kickstart your business's growth. Less Need for Human Resources A supply chain network needs to be very accurate and there need to be several experienced employees to perform every task. While automating your supply chain processes through dropshipping suppliers, there are fewer chances of errors and mistakes being made and also results in lower expenses due to the lack of human resources that are needed. Helps in Inventory Decentralization There are fewer reasons to store your inventory in a fixed location and manage each task from there because the stock is maintained and shipped from your dropshipper's location. You can conduct business from your shop, house or a remote cottage away from the city. The only thing required is a good internet connection and a laptop in order to keep track of all your transactions. This is how it helps in decentralized inventory management. Low Capital Risk With New Items Since most dropshipping websites highlight their best-sellers, you are already aware of the commodities that are in high demand. This gives firms a detailed insight into which products will be successful so that they can focus all their efforts on marketing and selling them. Saves Time It takes a lot of time to manage logistics, secure stock and dispatch goods. You can concentrate on promoting your items and creating your brand image as order fulfillment tasks will be handled by the dropshipping websites you have partnered with. This frees up the amount of time you need to spend thinking about order fulfillment and other operational procedures. 10 Best Dropshipping Websites For 2024 Importify Source Importify manages product importing and automation for dropshipping stores using WooCommerce, Shopify, Wix or Jumpseller. Importify stands out as one of the greatest all-purpose solutions for enhancing WordPress-based WooCommerce businesses while many dropshipping websites are exclusively targeted at Shopify stores. You can find the products you wish to sell and import them with just one click to your WooCommerce store. If one supplier runs out of a product or they discover a better offer elsewhere, Importify makes it simple to swap providers. To speed up the process of moving from sourcing to selling, users can also establish pricing guidelines prior to importing. Additionally, you get a Chrome extension for even simpler product imports, a product listing editor and round-the-clock assistance. Everything mentioned is included in Importify's $14.95 per month Basic Plan. You can upgrade to the Premium plan for $27.95 per month if you want to import goods from Amazon and AliExpress. Dropshippers with a lot of traffic should choose Importify's Gold Package, which costs $37.95 a month. This enables automation of the platform's order fulfillment processes. You can choose product variants and automatically fill up client addresses on supplier forms, enabling you to sell and ship items at a big volume quicker than ever. Shopify Source One of the most well-known platforms for creating an online store, Shopify is one of the best dropshipping websites and is pre-integrated with a wide range of suppliers. A large number of the other dropshipping sites on the list advise using Shopify as your operational hub, simply because Shopify is an authentic plug-and-play eCommerce platform. It functions equally well for dropshipping as well as conventional internet stores. You can create a Shopify account to access more than 70 different dropshipping applications and join forces with a range of suppliers, distributors and warehousing companies, then start selling. Like other dropshipping companies, third-party fulfillment companies manage the inventory and logistics. You simply need to spread the word about your items where the built-in marketing capabilities of Shopify are useful and you can advertise on TikTok, Facebook and Pinterest or display your products on online stores like eBay so that you can concentrate on selling where it matters and the Shopify dashboard automatically records where buyers are coming from. If you are new to the industry, Shopify is one of the best dropshipping sites and has a tonne of materials as well as live chat and email help available around the clock. Suggested Read: Shopify Inventory Management Apps DSers by AliExpress Source China-based eCommerce company Alibaba owns the internet marketplace AliExpress which in turn operates Dsers, AliExpress’s dropshipping website. Millions of products are available on AliExpress, which is frequently the first choice for dropshippers. AliExpress enables you to order single units of goods, unlike many wholesale merchants on Alibaba. As a result, you can ship straight to clients without the requirement for dedicated off-site storage for inventory. Benefits include free registration and the ability to search through millions of products at competitive pricing. If there is a language barrier, you can place an order simply through the website without speaking to any suppliers. All alerts and tracking for shipments are handled by DSers. Additionally, there are a number of very dependable automation technologies that automate order fulfillment for well-known eCommerce platforms. A few of its limitations are that China is home to the vast majority of AliExpress's suppliers. While this results in lower rates and frequently available global shipping alternatives, it can take some time for products to reach customers in other nations. Although buyers have to wait weeks for their purchases to arrive, the packet option makes this inexpensive. DSers by AliExpress is reasonably priced, simple to use and offers a wide range of goods. It's where dropshippers frequently go to test out new products as a result. However, it's not necessarily the best option for large or quickly expanding eCommerce firms that needs swift and transparent delivery to minimize customer service concerns due to the lengthy shipping durations for many products. Suggested Read: AliExpress Alternatives Wholesale2B Source Customers who may do product research before incorporating listings on their eCommerce platform can handle the purchasing and shipping procedures with Wholesale2B's end-to-end dropshipping solution. US-based dropshipping website, Wholesale2B, is working to automate dropshipping so that suppliers and other logistics providers can be contacted as little as possible. Wholesale2B offers an easy, automated solution to start dropshipping a variety of goods from suppliers throughout the globe. The free browsing service has several integrations with eCommerce platforms and online marketplaces. Although visiting Wholesale2B is free, you must have a separate monthly subscription for each service you choose to purchase from them. For instance, you need to pay separately for each platform if you wish to dropship items on a number of them. Additionally, they only offer limited customer care options during regular work hours. The automated dropshipping platform offered by Wholesale2B makes it simple and affordable to start selling on the majority of eCommerce sites. However, they have various membership costs for different services, which might mount up rapidly if you are using their other features like site analytics or selling on several platforms. SaleHoo Source SaleHoo, a New Zealand-based company, offers one of the biggest global directories of buyers and suppliers which is also into dropshipping and wholesale. SaleHoo offers a fantastic approach for customers to find various suppliers from around the world for both dropshipping and conventional wholesale thanks to the size of its database. In comparison to the competitors, their $67 yearly subscription is relatively inexpensive. Unlike other dropshipping websites like AliExpress, SaleHoo does not accept retail orders. Here, the process is a little more formal and needs to speak directly with the suppliers. As a result, you will need to establish contacts and open lines of communication with other companies. SaleHoo has a sizable global supplier network and charges competitive prices for its services. However, getting started and testing new products is a little more difficult due to the procedures and direct contact with suppliers. Consequently, for dropshippers who have some experience with a specific sector or product, this might be a preferable choice. Inventory Source Source Users can place orders, track inventory and sync products from different supplier networks using Inventory Source's dropshipping automation platform. Inventory Source, a US-based company, specializes in providing a configurable platform for controlling the dropshipping process from beginning to end. Inventory Source allows you to connect to both their own network of suppliers as well as develop and manage your own vendors. Since you are not constrained by their curated lists, this makes it different from other dropshipping websites that enable you to grow your business over time without switching to a different software provider. Despite having a vast network of suppliers and products, Inventory Source charges extra for each supplier seller chosen. One supplier integration, for instance, is included in the $99/month basic package, whereas two integrations are included in the $125/month plus plan. Inventory Source offers adaptable dropshipping automation software that connects to the vast supplier network and controls the entire process. However, their invoicing structure makes it challenging for users to purchase from several vendors, which can be burdensome if you run multiple brands or a general-purpose business. Worldwide Brands Source Worldwide Brands is a dropshipping website that has a network of authentic wholesalers, importers and dropshippers available. The company is situated in Florida and has been screening suppliers for more than 20 years. It has a simple technique for finding vetted vendors. Additionally, it offers training materials for setting up and managing online businesses. You will still need to establish your own contacts and payment terms with suppliers. Also, they charge a $299 one-time lifetime subscription price which makes it difficult to test out the service to see whether it is suitable. With a validated list of reputable suppliers and staff based in the US, Worldwide Brands can assist you in finding the best supplier for your company. However, the initial investment is substantial and you will still need to build your own professional networks. Megagoods Source Megagoods is a consumer gadgets distributor contrary to other services because the California-based company is one of the few dropshipping websites that actually owns and stores its own merchandise, making it possible for quick distribution within the US. Megagoods is perfect for dropshippers that sell electronics items to customers in the US because the warehouse and fulfillment operations are both domestic, so customers in the US don't have to worry about long international shipping periods. In addition, they're reasonably priced at just $14.99 a month. A few of its limitations are in comparison to the bigger dropshipping suppliers and marketplaces, where Megagoods' product selection is somewhat more constrained because of its emphasis on consumer electronics. They also don't have integrations with eCommerce sites or research tools. Megagoods is excellent for electronic dropshipping from the US. Their product selection is rather more constrained, and as Megagoods is not yet integrated with any eCommerce platforms, you will need to create a fulfillment strategy from scratch. Spocket Source Spocket gives you a quality dropshipping database app that works particularly well for customers shipping within the US and abroad. You can easily upload the products into your Shopify store and sort the results by nation. By making it simple to locate US and EU products that will ship from within the nation rather than from China or other manufacturing countries, they reduce shipping delays and timelines. Additionally, this keeps prices down for both you and your clients. You can browse Spocket's product database using the company's free plan. You can upgrade to one of the paid plans once you are prepared to begin selling. The starter package is $24.99 and includes 25 products and unlimited orders. For $49.99 per month, you can upgrade to pro and get access to 250 products and branded invoicing. For $99.99 per month, you can access unlimited products with the Empire plan. You can also get a free 14-day Spocket trial and start selling internationally. Wholesale Central Source Wholesale Central is based in the US and has more than 25 years of experience connecting global suppliers and buyers. Wholesale Central's platform is incredibly simple to use and explore, and they have suppliers from all around the world. Since Wholesale Central is largely an internet wholesale channel, compared to other dropshipping websites and any interactions, correspondences or transactions must be made with the supplier directly. Finding the ideal dropshipping partner will require a little more research because the majority of their suppliers provide traditional bulk wholesale rather than dropshipping. Wholesale Central maintains a reliable database of global wholesale vendors. It is free for customers and simple to use. Finding suppliers who enable dropshipping can be a little more challenging, therefore any partnerships and procedures must be established directly with them. How to Find the Best Dropshipping Websites and Suppliers? For a dropshipping business to be successful, selecting a reputable supplier is essential. Follow the tips below to make the right decision in 2024: Go Through Reviews Check the supplier's online reviews to know what people are saying about the company's listed products and customer support. You will get insights into the kind of performance and satisfaction that they have provided to previous customers and will also help you to understand how they handle issues or other inconveniences. Check the Policies You need to know how your suppliers manage things like damaged goods, lost packages, refunds, etc. because such policies will ultimately affect you and your customers. Make direct contact with the supplier to inquire if the policies are not posted on their website to better understand if they coincide with your requirements. Sample The Products Yourself If there's something you're considering selling, place your own order to check the product's quality and shipping time. You can create a precise estimate of how the consumer will evaluate the quality of service based on these findings, for better or worse and will give you a better idea if the supplier meets your expectations. Understand the Rates Most of the time, dropshipping websites include unstated charges and expenses. To understand how these will collectively affect your overhead, you'll need a good understanding of the various shipping rates, monthly subscription fees, stocking fees, etc. to check if the supplier fits your financial requirements or not. Inquire About Automation As your company grows, it could become impractical to manually manage inventory levels, place orders and follow shipments. The supplier should ideally integrate with your eCommerce platform to automate these procedures and free up your time to concentrate on expanding your revenue sources. Software for warehouse management systems that manage inventory, labour, order ratio and other important functions should generally be provided by dropshipping suppliers. Conclusion: How Can WareIQ be a Good Alternative to Dropshipping Sites? When looking at options for dropshipping websites, it is crucial to pay attention while checking the prices, whether its supplier network is vast enough for your operations and whether its platform is capable of syncing with your online store. Although all dropshipping websites and businesses serve the same purpose, their costs, offerings, policies and user-friendliness might be very different. Since each success story of dropshipping sites is different, the perfect dropshipper for one brand may be entirely different for another. It's important to consider the types of products you sell, whether their service fees and shipping costs fit within your budget and whether their shipment durations are fair for the location of your customers. Dropshipping may not be the best option for retailers who require the whole range of eCommerce fulfillment services and partnering with a dedicated 3PL company like WareIQ could be a better option. WareIQ a full stack eCommerce fulfillment platform that provides every service that is needed by eCommerce retailers including storage in multiple fulfillment centers, picking and packing, shipping and last-mile delivery, across India. We have partnered with more than 20 of the largest shipping aggregators in the country and will automatically provide the fastest and most cost-effective solution for each order. We also provide advanced order tracking through our branded tracking pages, that enables users to provide a personalized experience to their customers. Dropshipping Websites: FAQs What refund policies do dropshippers have?The ideal way to manage refunds and returns are to determine whether it would be less expensive to let the consumer keep the product instead of sending a replacement. If not, let your consumer return it to your supplier. Only whether you will cover the return charges must be decided. Is dropshipping allowed on Flipkart/Amazon?You can use dropshipping for your business on Amazon, Flipkart, or any other eCommerce website as long as you follow their dropshipping policies. What percentage of dropshipping websites are successful?It changes with time and the experience a seller has. During the first year of operations, the highest success rate is around 10%. After 3-4 years, it goes up to 60 to 70%. Is dropshipping different from order fulfillment?Yes. Dropshipping is when customer orders are fulfilled directly by the supplier or wholesaler and order fulfillment is the process of fulfilling an order, either directly or through a 3PL fulfillment company.

July 08, 2022

PREV 1 … 57 58 59 60 61 … 72 NEXT