3. Build Your Own Store
Building your own store is by far the most viable way to create a long-term income with dropshipping. Marketplaces such as eBay and Amazon are great for bringing in quick sales, but the platform itself retains full control over your business, while policy changes can happen at any given time, even to the determent of sellers. eBay is particularity notorious for constantly changing policies, as well as introducing new policies such as seller metrics and managed payments. Horror stories of marketplaces suspending sellers without good reason frequently litter the internet. Even one policy change, at the discretion of the marketplace could result in you going from a top rated seller to below standard literally overnight.
With your own store however, you’re in full control and never need to worry about policies, listing limits, negative feedback or possible suspensions. You’ll also gain the flexibility to aim for higher profit margins due to having less competition and no selling fees to pay. You can grow your dropshipping business at a rapid rate without restrictions or interruptions.
Building an ecommerce store used to require a huge amount of time, money and effort, rendering it unachievable for the average Joe. Thankfully, the rise of simple to use online store builders make it easy for anyone to quickly launch a store, without needing to know coding. In most cases, online store builders offer an all-in-one solution for accepting orders, processing payments and managing returns. Please see our comprehensive list of the best online store builders for more information.
While building your own website is not something that’s recommended when first starting out, as you begin to scale and earn profits, it’s wise to invest them into creating your own website. The extra time and effort spent on creating a website will be worth it in the long haul, particularly as you begin to watch the site grow and generate sales.
Another advantage to creating you own website is having an extensive collection of automation software solutions to choose from, most of which seamlessly integrate with the top store building platforms, including Shopify and WooCommerce. Using software will allow you to automate the most tedious tasks of running a dropship business including creating listings, managing inventory and processing orders, as well as uploading tracking information. Please see our list of the best dropshipping software solutions for more information.