Dropshipping in India
What's the most ideal approach to do dropshipping in India? Let’s find it out!
In 2020 and for years to come, the eCommerce economy in India is expected to grow at rapid pace. As an entrepreneur, this is the best time to start dropshipping in India . With drop shipping ,what you do is marketing. once the customer places order, it goes to the vendor who ships on your behalf using packaging in your name.
No need to do anything other than to build a good website, choose the products, the dropshipping supplier and finally advertise your products. It’s not just develop and forget business model; It takes time, patience and sharp marketing skills to make it profitable. If you’ve decided you want to leave your mark in this burgeoning digital economy and are resolute in your desire, then keep reading .......
What you need to know about Dropshipping in India
According to Indian E commerce Industry Analysis report - India's e-commerce market has the potential to grow more than four folds to Rs 10,48,350 crore (US$ 150 billion) by 2022 supported by rising incomes and surge in internet users. Online shoppers in India are expected to reach 220 million by 2025.As you can see,online retail is such a big opportunity and if you decide to do dropshipping in india , you will have ample opportunity to build a thriving, profitable dropshipping business.
How to start drop shipping in India in three steps?
Step 1 – Choose a Right Product to Sell
Your product is key factor for your business success or failure and it is vital that you invest a lot of time finding the right product that will guarantee your success .If you choose a bad product and follow all other marketing steps perfectly. Meaning competitive price, high quality images, SEO, etc.Guess what happens?Yup, you are sure to fail and lose your hard earned money.Below are the check list of an Ideal product for drop shipping business.
- Should be lightweight(Preferably under 500 grams)
- Should be unbreakable
- Should be Year-Round Seller(Not Seasonal)
- Similar Products Being Sold on eBay and Amazon
- Should make profit of 25%- 50%
Step 2- Find a reliable supplier
Before you can start searching for your reliable dropship supplier, you’ll need to ensure you have a few things taken care of. Wholesale dropshipper often need proof that you’re an serious retailer and not just a consumer before they even consider partnering with you.Address this issue before it occurs and make sure you have your business GSTN , as well as a copy of your Company Pan Card and registration.There are three main things to look at when considering a drop shipper.
Are they manufacturer or wholesaler of the product?
When you search Google for dropshippers in India, you will almost certainly come up with many dropship companies in the search result, but do they stock the products or manufacture them ? Many so called drop ship companies do not own any inventory, they simply advertise products they have sourced from the third party vendor.This is where you need to be careful.The reason being, that if you start your own dropship business, you are then going to have to sell the stock yourself, and ensure that the products you are selling reaches to your buyer within few days and have enough profit margin, and discount in them to make them attractive to potential buyers.
What are their prices like?
You need to look on Flipkart and Amazon and see what is the selling price of similar products there. This roughly determines how much you can sell this product for. These are your competitors.If the supplier product cost is higher than the prices on Filpkart and Amazon… you won’t be able to sell.
What discount they offer ?
In e- commerce or any retail business, margin is everything. Margin, make or break all businesses. The higher your profit margin, the better your chances are of being profitable. The smaller your profit margin, the more likely
it is that you’ll just get by.Consider these three possible ways of generating Rs 500,00 of profit:
- Rs 10 Lakh revenue with 5% profit margin
- Rs 5 Lakh revenue with 10% profit margin
- Rs 2.5 Lakh revenue with 20% profit margin
When you consider some critical business measures, the 20% profit margin indicates stronger performance than the results shown by the other companies.
Step 3 – Choose a platform to sell
All drop shipper will have some kind of product data feed files in form of CSV/XML/XLS which will contain all their inventory, the selling prices, sizes, colors,and the images, descriptions, etc. It will then be up to you to then go off and sell this stock, and make profit. Where you would sell the inventory is up to you. Easiest way to start is with eBay and Shopclues. What you need to do , is log into your eBay account, and list the items for sale, generally be careful about the pricing you set, because eBay can be very competitive, and unless you make the prices attractive, then you may struggle to sell any products.This is one of the reasons why choosing the reliable dropshipper is absolutely important. You really need to work with a dropship company that offers competitive prices, and are not middlemen themselves , because if you don’t choose a manufacturer or wholesaler as your dropshipper, then your pricing can never be competitive, and you won’t be able to sell and make any profits – it is as simple as that, it really is.
Fundamentals For Successful Dropshipping in India
1- Be specialized – Go Small to grow big
The biggest mistake most e commerce marketers make is that they try to sell to the mass market. Unfortunately, in today’s competitive e commerce market , the approach of appealing to everyone is practically the same as appealing to no one. All successful drop shipping businesses has one thing in common: they specializes in a certain product or niche. Specializing is one of the practical ways to get spotted in the crowd.
Many think listing more products in many different category will increase the sale . Just the opposite is true! Specializing allows you to communicate more effectively with your customers, stand out more easily from the competition and compete against a smaller field. Specializing is rarely a bad move to make in a drop shipping venture.
2. Learn Marketing and SEO
You can’t imagine any business without proper knowledge of marketing and SEO. Marketing make your drop ship store more popular and brand in the market. E commerce totally depends on the internet and you must be present in all formats of online marketing to get higher attention of visitors. If you’re not a marketing or SEO expert yet, you can join an established marketplace. It is an easy way to start an e commerce drop shipping business or sell products/services online without much knowledge of marketing and SEO.
3 -Build Your Email List ASAP
People, especially new dropshippers, tend to underestimate the power of building an email list.Did you know more than 82% of people that click on your store website link may not even come back? Not every website visitor is going to make a purchase right away, but it’s important to note that your visitors are a valuable piece of the puzzle. They took the time to check out your website.
Even if it’s just for a minute, if they have no reason to keep exploring, then they won’t. Emails get sent directly to the inbox, which means your prospects may come across it.Consistency is crucial and can end up bringing real traffic and revenue to your site!
4.Invest the necessary time
While searching you must have found few drop shipping companies promising thousands of income within thirty days . And some of them might seem a bit tempting, you most likely know that these are absolute lies intended to scam honest people out of their money. Accept that there’s no “secret formula” to drop ship business success, and that you have to put in some good,dedicated hard work if you want your business to grow.
5-Learn from your mistakes
Dropshipping is going to be around for a very long period of time.What we like the most about dropshipping business is how easy it is to see what works for your online store and what doesn’t. If a product doesn’t seem to sell as much as others, you can remove it from your website. You avoid significant losses, you can learn from your mistakes, and you can learn from the business itself! You can make money in the process, and you will also discover many things about yourself, you hadn’t paid attention to before. You might find that you are a beast at marketing or that it is time to re brand your website.
Either way, you are the boss!
Successful dropshipping in India with Snazzyway
Established in 2014 as a traditional lingerie wholesale supplier, Snazzyway has evolved into one of the most trusted e-commerce product suppliers in India and beyond. The company has overtime, committed herself to providing an affordable & easy way for anyone, anywhere in India to be able to start a very lucrative drop shipping business.
Snazzyway enables her partners to make a full time earning selling products online by providing them with the tools, and resources to do just that. The company helps you set up your own e-commerce website, shows you how to optimize for maximum search engine visibility, provide top selling Lingerie & women apparel brands for your website, or in the alternative, show you how to dropship her products on eBay, Amazon and other online marketplace. Literally, you store up over ten thousand of our products on your e-commerce website or eBay for days with no monthly fees or middlemen eating up your hard-earned profit!All of our partners have been very successful using our drop shipping services for their business and this includes different people from different walks of life, from beginners, to seasoned merchants, there is definitely something on offer for everybody. At snazzyway, we will do whatever it takes to help you succeed in your drop shipping business.
How Snazzyway dropshipping programme works
Simply add our products on your website and start taking orders from customers. The minute you get paid for an order by a customer you send us the order information and the rest is up to us. We will pack and ship the products to your customers on your behalf while we bill your account. With snazzyway, you gain total control of how much you charge the customer for the product.Once you receive an order, simply log into our dropshipping website and place the same order. The moment we receive your order, we process and ship the product to your customer. On completion of the order process, we send you an email with the tracking number of the order so you can conclude the process with your customers; we don’t interfere between you and your customers.
Benefits of Partnering with Snazzyway
- Selling high demand branded women intimate products without actually stocking or shipping products.
- Huge profit margins on sales – (22% -55%)
- Top quality and fast selling brands.
- Bright, clear and razor sharp product Images with clear product descriptions.
- Prompt delivery – within 24 hours.
- Real time inventory updates with (Low /Out of stock) alerts.
- Periodic offers and sales to help grow your sales.
- No monthly Fees.
- Daily product launch of exciting brands.
- Largest database of women intimate wear products in India.
- You don’t have to worry about an item not selling. You only pay for what you sell.
- Risk-free online business creation and management.
- We deal with product stocks and availability so you get to focus on the important stuff: Generating traffic and sales.
- Full access to our product catalogue with a wide selection of top quality brand names to choose from
- We fill, pack, and ship all orders and provide you with a tracking number.
- We represent you as a liaison in areas of customer support and relationship management.
- Our shipping agencies are reliable.
- Constant updates on status of all orders.
- No minimum orders required.
Lingerie - High Profit Pulling Products That Sell Like Hotcake
Huge Market Size
Under every women blouse is a bra, under every saree is a panty , so the market is very size is very big in India. The Indian fashion industry has taken the women's undergarment business to a higher level by making panties more than small piece of material that covers the genital. But has made it become a form of expression of style and a force of attraction and appeal. This makes lingerie at top of 5 awesome profit pulling products for your dropshipping business in India list.
Year Round Best Seller
Lingerie is one of the best niches with a steady demand and online search volume year round. When traffic and sales are regular, it’s easier to predict future sales and growth, it’s easier to estimate stock levels (if you’re storing stock) and most importantly, you will have a much more consistent and predictable income month after month!
People especially women are investing a lot to wear a good pair of underwear. Be it for comfort or for sexual provocation/seduction.females spends more than their male counterpart when they go shopping. The fact that lingerie are meant for female makes it highly marketable.
Making money is a primary goal of all small business owners, and seeing all your hard work pay off in a successful lingerie boutique that makes a lot of profits would be a dream come true business ideas in India. The markup in the lingerie business is relatively high, which means you do not have to sell a huge volume to make a reasonable profit.