So, you get what dropshipping is all about, but why is it important?
Why should online stores, dropshippers, or even your end consumers care?
Retail e-commerce itself is a $237 billion dollar market in the U.S. and is growing year-over-year at close to 17%.
And that’s just the US!
Looking globally, there are over 8 million online stores, amongst which 20-30% use dropshipping as their primary method of order fulfillment! Continue reading “Should I Become a Dropshipper?”
It’s time for apparel companies to rethink how they do business, said Stan Przybylinkski, vice president of research at consulting firm CIMdata, who spoke Tuesday at a Product Innovation Apparel seminar in New York titled “Enhancing Supply Chain Collaborative Practices.”
Continue reading “Why Supply Chain Collaborative Practice is Paramount for Success”
Here are some time-saving and helpful pointers on pricing to ensure that your brand is getting the exposure, reputation, and traction you want!
Consistency – to maintain consistency for retailers interested in your brand, check to make sure your pricing on different platforms (whether it is on Modalyst or your own website) is the same across the same products.
The Suggested Retail Price (MSRP) you list on Modalyst is imported directly into the dropshipping sites retailers use (Shopify, Big Commerce, WooCommerce, etc) – thus , you always want to list the exact same item for the exact same MSRP. This will help to maintain the integrity of Modalyst, and more importantly, your brand!
Price on Modalyst:
Continue reading “Pricing 101: Pricing Consistency, MSRPs, and Markups”
The Dropshipping fulfillment model allows entrepreneurs to run an online store with ease and grace.
To reap the benefits right now of the dropshipping business model, you should prepare now and get a head start!
Below are tips for drop shipping retailers on how to set up your ecommerce business.
Your business is awesome, and you can’t wait to introduce yourself to potential suppliers and brands. We get it!
Make sure your introduction is thorough and complete with documents like an EIN Number, your tax ID, and a former purchase order.
These are documents many brands ask to see before establishing a new relationship.
Next comes the fun part: finding and choosing dropship suppliers you want to work with. It is not just about finding the right brands for your store, but making sure that they offer dropshipping as well!
Modalyst is a curated platform featuring hundreds of brands. For retailers who are drop shipping, we have a marketplace that will direct you to find brands that are pre-approved for dropshipping. This will help you save time and energy on finding qualified brands!
A dropshipping contract is necessary with all brands you would like to work with.
The contract should outline commission split, lead times, shipping, etc, Luckily, Modalyst has a standardized contract for all retailers to use. Retailers no longer have to go through the headache of creating their own contracts!
Collect product information from the brands you are dropshipping with, and start listing them on your ecommerce platform!
If you are a Shopify or Wix store using Modalyst, enjoy the convenience of one-click sourcing through our API Integration.
What’s awesome about dropshipping is that you no longer have to worry about fulfilling orders. Once your customer submits an order, send it your brand to fulfill. Spend the time that was previously used for running to post offices for marketing your brands! Invest in digital marketing on sites that interest your customers. This can be Facebook, Instagram, Reddit pages, and etc.
So what are you waiting for? Source, list, market brands, repeat!
