Knowing exactly what to do or not to do could mean success or failure with your new drop shipping business. As a new ecommerce business owner, you are excited about the huge possibilities ahead of you. You’ve already imagined the kind of life you will lead once you hit success.
You’ve made every possible arrangement, you’ve set-up your website, and now you’re ready to launch. But, wait a minute, are you sure you’re actually ready?
In this article we’ll share with you some of the common mistakes newbie dropshippers make when starting out, and hopefully you’ll avoid them.
Expecting Easy Money
This mindset will run you out of business as quickly as you entered. Thinking that all you have to do is launch a new store and, voila orders start streaming-in is a lie that has led many would-be successful dropshipping entrepreneurs quit even before they got started.
Tell yourself, just like every other business, this one also requires effort and persistence to make it work. Starting your business with this mindset will surely enable you share your success stories sooner rather than later.
Relying Too Much On a Particular Vendor
Off course researching wholesale suppliers is quite tedious and when you stumble on a really great supplier you would want to stick with them. But, the danger is in relying solely on that one supplier. What happens when say, they go out of business – you should plan for that scenario you know? What if they ran out of stock and you have orders to fulfill?
Having multiple suppliers who supply you with a particle stock is a smart move and a way of insuring your business against the caprices of one vendor.
Mishandling Damages & Lost Items
There’re things which are out of your control – one of them is shipping items to your customers. One thing you should be prepared for in this business is complains about damaged and lost items. How you handle this will go a long way in determining whether you get return businesses from your customers and the kind of reviews you receive – which may either hurt or grow your business.
Before you even launch, you should have a process in place to handle this cases when they arise, because they will surely arise.
Complications with Return Policies
One of the first things to do while signing up with Suppliers is asking them about their return policy. Make sure to align your return terms with theirs. You don’t want a situation where, they offer a different return policy of say 15 days while you’ve promised your customers 30 days window. You definitely don’t want to be caught in such situation right?
Not Communicating in Clear Terms Delivery time Estimates
Not clearly telling your customers when to expect their orders is a sure way to getting angry customers, bad reviews and in extreme cases running out of business. Your customers expect you to tell them when to get delivery of their orders, so tell them.
Take it a step further by clearly pasting it on your site, so they will see it before placing their order.
There you have it. Treat your dropshipping business with all the seriousness it deserves, avoid these common mistakes listed and watch as your business grows.
Thank you for your time and attention.