Dropshipping tricks and business solutions
Dropshipping tricks and business solutions? Having a successful dropshipping business is not just about opening a store, and it is not even enough to have a great product. To make your business fruitful, it is necessary to apply appropriate marketing strategies to generate dropshipping sales because just like physical stores, those that are online also demand attention. Although under a dropshipping scheme your investment in the logistics part will be minimal, your business will be useless if you do not attract potential customers. As in digital marketing strategy, it all starts with attracting customers.
Cheap China manufacturers is what started the dropshipping business. What are the payment options? Many factories require an initial payment before a preproduction process. The tool deposit is 50%, and completion process is 50%. Also, if a factory request for 100% or complete payment upfront, this could be suspicious. Orders will inevitably arrive late in some situations. But what happens then? Usually, the factory would be active when it comes to preventing delays, and the agreement would involve a penalty clause that can be handled comfortably. Also, this can be hard to enforce with vendors aboard. It can be challenging to negotiate a penalty clause if the MOQ is not substantial.
If you want to import and sell to the EU products like toys, cosmetics or electronics, they have to come with certain types of certifications. Bear in mind when sourcing the products that not all Chinese suppliers can provide you with these documents. Nonetheless, with Alibaba, you can contact the wholesaler directly to request him goods with the right certifications. On the other hand, if you buy products from AliExpress, this is not possible. This because you are buying ready-made goods and have no way to contact the supplier directly. When you buy through Alibaba, you ask a company to produce your products. Consequently, you have to calculate the production, shipping and customs times. Read more info on Selling products online without inventory.
Why China dropshipping? China is the world’s number-one producer of cement, steel, and chemical fertilizers. Of the ten largest steel producers in the world, six are based in China with the country’s annual steel production of 683 million tons being the highest in the world. China also has the largest cotton textile output of any country with textile manufacturing accounting for 10% of the country’s gross industrial output. China is the third largest producer of automobiles in the world behind the US and Japan with the annual automobile export being estimated to be $70 billion. The automobile sector experienced a dramatic growth in the past few decades with the country’s annual automobile output increasing from 1.45 million units in 1995 to over 13.7 million units in 2009. Manufactured products account for about 94.3% of China’s $2.09 trillion total exports which include automobiles, ships, locomotives, textiles, fertilizers, and electronics.
Biggest companies in China ? China Construction Bank Corporation (CCB) is the second-largest of China’s ‘Big Four’, and the second largest bank in the world. CCB has 13,629 domestic branches as well as branches in Barcelona, Frankfurt, Luxembourg, Hong Kong, Johannesburg, New York City, Seoul, Singapore, Tokyo, Melbourne, Kuala Lumpur, Sydney and Auckland, and a wholly-owned subsidiary in London. The major bank was valued in 2018 at $225bn. CCB was founded in 1954, with headquarters in Xicheng District, Beijing, under the name of People’s Construction Bank of China.
Inside your Yakkyofy Dashboard you can find all your orders tracking numbers for easily managing and following all your deliveries step by step. Yakkyofy allows you to send different products, bought by the same customer in the same order, paying only for one delivery. Do you want to be sure to always deliver your products in time and short your processing time? With Yakkyofy you can buy products in stock and keep them in your Virtual Warehouse, ready to be shipped whenever you prefer. Yakkyofy saves, also, the returned products for you and stores them in your account ready to be sold again. See more information at Common shipping methods for Dropshipping.
