SME Times is powered by   
Search News
Just in:   • Delhi-NCR trade union leaders back govt reforms, call Bharat Bandh politically motivated  • India’s manufacturing sector strengthens further in recent quarters with robust GVA growth  • Trump, Netanyahu hold talks on Iran, 'progress' in Gaza  • India reducing Russian oil buys, claims US  • Precious metals’ prices dip over dollar gains 
Last updated: 27 Sep, 2014  

Dropshipping.9.Thmb.jpg Dropshipping, import & export and global sourcing

Dropshipping.9.jpg
   Top Stories
» India’s manufacturing sector strengthens further in recent quarters with robust GVA growth
» Precious metals’ prices dip over dollar gains
» RBI proposes ban on 3rd‑party sales incentives to bank staff to curb mis-selling
» Sensex, Nifty open in red; IT index dips 3.58 pc
» RBI's 'Financial Literacy Week' to stress KYC awareness in Gujarat and UTs
Dylan Sun | 17 May, 2010
Dropshipping is accepted by the society as a profession and gateway of sorts to import and export if not global sourcing and it is getting feverishly popular by the years. Dropshipping is safer than import/export and instant than affiliate marketing. Be warned, pitfalls in dropshipping, unlike in import/export or global sourcing, are terrible that your business can crash quickly.

Pitfalls in dropshipping
As import and export is fundamentally different from dropshipping, the seller invariably has to hope for the professionalism and goodwill of the wholesaler. Since you are a declared retailer, global sourcing middlemen have a field day by charging you heftily just for finding safe wholesalers, which is the biggest problem associated with dropshipping. While this may not be a problem in itself, you are made to pay each dropshipper the middleman identified for you a fee in addition to the already paid amount leaving you wondering about the profit potential.

Dropshipping advantages
Dropshipping helps supplement incomes for of people wishing to get into import/export or global sourcing, which are larger ball games. Closely mapping import/export and global sourcing at different levels, dropshipping allows for working out of home, for any products/services that import and export deals with, without the necessity to stock items.

If you want to know the benefits of dropshipping, it need not be by joining but by taking lessons from other people's experiences. Dropshipping lets you take the pride of being in the larger games like global sourcing and import/export by selling goods wherein the dropshipper ships the product directly to your buyer. Although marketing takes a fulltime effort, probably this is the reason why one should consider dropshipping.

Advantages of dropshipping vis-à-vis import/export
Look at the benefits of dropshipping business in contrast with import and export or global sourcing. The biggest advantage of dropshipping is you can start-off without spending a dime on inventory, warehousing and tied-up capital. Setup costs and gestation periods are so small that you can be off the ground in no time. Many dropshipping retailers charge global sourcing parties a shipping fee like actual import and export dealers; it serves as a launch pad for those with big plans.

Dropshipping is no more new but beware of common troubles with greedy wholesalers beforehand. Your persistence, abilities in sales, convincing a manufacturer or export/import will anyhow sail you through. Global sourcing or import/export will not pardon procrastinators as one assignment lost due to your drawbacks can cost them hugely.


(Source: Articlesbase)

* Dylan Sun is a freelance writer.
* The views expressed by the author in this feature are entirely his/her own and do not necessarily reflect the views of SME Times. 
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹91.2
₹89.5
UK Pound
₹123.35
₹119.35
Euro
₹107
₹103.35
Japanese Yen ₹57.9 ₹56.1
As on 22 Jan, 2026
  Daily Poll
What is your primary "Make or Break" expectation from the Finance Minister this year?
 The Tax Relief
 The Working Capital Fix
 The Compliance Holiday
 The Payment Shield
 The Tech Subsidy
 All
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter