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Is Dropshipping a Dead Business Model? Let's Find Out

The growth of e-commerce has revolutionized the dropshipping business. Over the past few years, the dropshipping has been a trading business. But with so much competition in the market, this business has reached saturation. In this document, I have discussed the top reason for its saturation. Things that can be done to overcome this problem and still achieve good results from it.

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Is Dropshipping a Dead Business Model? Let's Find Out

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  1. Dropshipping: Will it Still Work in 2020? The simple answer is yes, the dropshipping will still work in 2020. The dropshipping is the business in which the drop-shipper can operate the whole business at the convenience of home. Let me explain in simple words. In dropshipping, you sell someone else's products with a slight commission of yours on your online store. You do not need to worry about the product inventory, shipping, and delivery. That all things will be performed by your supplier. Your work is just limited to generate as many sales as you can. And that's where the question of this article's title arises. As this business requires lesser investments to start, countless Millennials tried their luck in it. And with the huge competition and the absence of market research, many of them did not receive the success they desire. Moreover, with the expert Shopify app marketplace & Shopify mobile app, it is very easy to create a new website. It was just a basic explanation for its saturation, but there are several other reasons for this question. Now, let's discuss the various reasons and their solution one by one. The main reason Millennials these days, get excited by reading a few articles and watching a few videos on YouTube. They create any random e-commerce website with readymade services from Shopify. And without applying their creativity and proper market research, they directly add top-selling products to their store from AliExpress and Oberlo. And after running a few ads on Google and Facebook, they expect 20 orders per hour. Well, that didn't really happen to all the successful drop shippers.

  2. Dropshipping: Will it Still Work in 2020? The dropshipping is a real business, not some extra money heck. There are so many factors to consider and work on them. If something is not working for you try something new. With a free Shopify theme, there are fewer chances of conversion. You need to hire eCommerce web developers to create a unique and attractive website. Any credible drop-shipper wouldn't tell you that this business model has made them rich overnight. You need to put in the effort and nurture it like a real business. It is saturated due to competition Rally? Tell me which business owners are not crying about business saturation due to competition? Every business has competition. Now it's up to you to stand out. It's common saying that more competition leads any business to saturation. Now, in the dropshipping business, many entrepreneurs are running their businesses for years. Every business needs updatation with time. And if you are running your store with the same set of products from years, then the results that are dreaming of won't come to you. To get good results, you should start selling things that are new, good and in demand. And more importantly, in the dropshipping business, your aim should be to provide good products to your customers. Try to work with new suppliers, sell things that you are truly passionate about that's the only way to success.

  3. Dropshipping: Will it Still Work in 2020? Higher marketing costs Well, to get traffic on your website, there are mainly two ways, the organic way, and inorganic way. The organic way means free traffic using SEO. If you have the skillsets to perform SEO, you can do it on your own. Or you can hire a professional to do it for you. Furthermore, the inorganic way for traffic means traffic through paid ads. You can optimize your website as per the search engine guidelines. It may help you in reducing your CPC cost to some extent. Now, coming to the point, we agree that it's getting costlier to get free traffic through SEO and paid ads. But with the rise of social media, you can overcome that issue. Leveraging the smart techniques of social media can help you to spread awareness around your brand. An engaging social media campaigns can help you convert your social media audiences into your customers. How to face competitors? The simplest way to face your competitors is to stand out from the ordinary. Find the weaknesses of your competitors. Observe the competitors who are selling the same product's niche. Study their business model, recognize their weak points. Try to be better than them in every other way possible. And create attractive offers to attract more and more buyers towards you. If possible, create a better website than your competitor. You can consult eCommerce web developers too. They can make your website better. If your competitors are weaker in providing the customer services, make it your strong point. Simply saying, the only way to face your competitors is to be better than them.

  4. Dropshipping: Will it Still Work in 2020? The final thoughts Well, dropshipping is not an easy-money business. You need to treat this business like a real business. Just by putting into efforts for a few weeks, it won't make you richer. It is a whole process of learning, applying and earning. Do not get de- motivated by reading a few articles and videos related to it. Remember that, dropshipping is one of the best business models of the 21st century. Many entrepreneurs have got richer with this business. Just understand your buyers and competitors and work according to it. In the end, let's talk about our services. Softpulse Infotech is an organization associated with the e-commerce industry from the past 8+ years. We are the renowned Shopify Experts. We can help you with all aspects of your dropshipping business. We can develop the custom dropshipping integration plugin that can help you automate your business. The supplier communication, order management, products, and price management, everything can be automated with our plugin. For business inquiries, kindly get in touch with us now!

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