If you are en route to opening a low capital apparel business, then dropshipping is probably the alternative you should go for. This unique business model has created many of the best entrepreneurs and you too should take advantage of it.
But before you go to the ‘how to’ part of it, you should have an idea of the ‘what is’ of dropshipping. What these types of business basically do is, they charge a one time registration and monthly rental from their clients – the dropship entrepreneurs. In return of that payment, these clients can access their collections and host it on their website, e-commerce sites, or any other platform as their own.
When orders are received, the main dropship wholesale company takes care of the packaging and delivery to the clients. So, how do the entrepreneurs make profit? Once they pay the registration and rental, they can enlist the price according to what they think will be a good profit margin over the cost price (which is what the manufacturer and wholesaler makes.
Now that you have a fair idea about what dropshipping is, let’s find out how to find one of the best wholesale dropshippers to partner with your business!
1. Keep an eye on latest trends
Since the dropshipping business is primarily based online, it makes sense to keep an eye open for trendy alternatives that adhere to the latest styles of the season or the year. If you have found a dropshipping company that has the trend part right, your chances of making sales online is going to increase many folds – which is the point. If you want to stand out in the online marketplace, which is a place for latest trends, then you must at all times have it in your inventory!
2. Find Low Rentals and Registration
If low capital is your primary criteria, then finding the best dropship companies with the lowest rentals and registration fees is what you should look to do before anything else. Once this box is ticked, you will have a much easier job finalizing on the wholesaler. However, you should keep in mind that the top ones will have a standard rental and registration fees while the lowest ones will fall short of collections.
3. Service area
You might have found the best dropshipper company, but without the service area you desire to cater, it will be redundant. As a rule of thumb, always make sure that you partner with ones that have the largest delivery and service area in the business. That will not only give you a larger audience to sell to, but also give you space to expand, if and when you think the time is right.
These are the three ways you have to use to find the ideal dropshipper for you and once that is complete, you can kickstart being an entrepreneur immediately. So, what are you waiting for? Get looking right now!