Dropshipping
In dropshipping, you set up an online store and list products from suppliers. When customers make a purchase, the order is sent to the supplier, who handles shipping the product directly to the customer. You never handle the products yourself, making it a low-risk way to start an online business. However, you'll need to focus on finding reliable suppliers, marketing your products, and providing excellent customer service. Success in dropshipping often relies on choosing a profitable niche, running effective ads, and optimizing your store.
EXAMPLE
An example of dropshipping is setting up an online store selling fitness products like resistance bands or yoga mats. You partner with a supplier who sends the products directly to customers when they place an order. You promote your products through Instagram ads or Google ads, but you don’t need to buy or store any inventory.
IS IT GOOD FOR SOUTH AFRICANS?
Yes, dropshipping can work well for South Africans. With access to global suppliers through platforms like AliExpress or Oberlo, you can start selling products internationally. The challenge for South Africans may be the shipping times and international payment processing, but these can be managed with the right partners and tools. Additionally, targeting local South African customers is also an option, provided you source products with faster local shipping.
IS IT GOOD FOR PARENTS?
Dropshipping can be good for parents who want to start a business without a large upfront investment. While the work can be flexible, running a dropshipping store requires time and attention, especially in the beginning. Managing marketing campaigns, customer service, and supplier relationships can be time-consuming. However, it can still work well for parents who are organized, motivated, and able to balance their time between family and their business. If you're looking for a scalable business with potential for passive income, dropshipping could be a good option.