Drop Shipping Opportunities For Black Owned Businesses

OVERVIEW 

FINDING QUALITY SUPPLIERS WITH ALIBABA

Finding suppliers on Alibaba can be challenging. However, the platform provides advanced search capabilities to identify product offerings as well as reviews and ratings and supplier history to evaluate and choose between suppliers.

A high rating indicates that customers have had positive experiences with the products they received from the supplier in question. Reviews also provide helpful insight into the levels of customer service and trustworthiness of the suppliers.

As well, payments can be made using the Alibaba Trade Assurance Service, which ensures products are produced to the expected quality and shipped on time.

BOUPON PLATFORM SUPPORTS DROP SHIPPERS

Boupon Black MarketPlace provides an excellent platform for drop shippers from the Black Community to list their products. It is a marketplace that serves the Black Community, where sellers from the Black Community offer discounted products and services and buyers from the Black Community benefit from the discounted prices. Additionally, Boupon currently charges no listing fees which enables the drop shipper to start business with zero outlay.

CREATING A BUSINESS PLAN FOR SELLING VIA DROP SHIPPING

Creating a business plan for selling via drop shipping is essential for a successful drop shipping operation. It will involve setting out the important elements of the drop shipping operation including identifying the demand and markets for products for drop shipping and identifying reliable suppliers to supply the products. The drop shipping arrangements, including payment terms for the fulfilment of the online orders should also be agreed upon with the selected suppliers.

The drop shipping business plan will also include monthly and an annual income projections based upon the expected cost price and sales price of each product and the expected number of sales to be generated from each marketplace platform. The sales price for drop shipping products should be carefully selected to be attractive to buyers such as those on Boupon, which is a deals marketplace platform.

CREATING GREAT PRODUCT LISTINGS

Good quality product images and product descriptions are essential for a successful drop shipping operation as they replace the need to have physical inventory which customers can inspect. When possible, these should be obtained from the suppliers as a part of the drop shipping arrangement. The supplier will be able to provide good quality product images at a minimum but they might not be a reliable source of good quality product descriptions which should be customized to appeal to the niche markets that the drop shipper has identified.

LISTING PRODUCTS ONLINE

The drop shipping business plan should also identify the e-commerce platform(s) on which the drop shipping products will be listed for sale. Boupon provides a marketplace for selling directly to the Black Community. It is also recommended to list products for drop shipping with established  marketplace platforms such as eBay and Amazon. The number of marketplace platforms that the drop shipping products are listed on should be large enough to generate the required sales. Most marketplace platforms, such as eBay and Amazon, will take care of collecting payment from the customers when the product is ordered, but the drop shipper would be responsible for transferring the payment to the supplier to enable them to supply the order. This enables the drop shipper to create a profitable operation with the minimal outlay of the cost of listing the products on the selected platforms.

Additionally drop shippers can also create their own websites and list their products for sale. However, creating a new website will involve the additional expenses of creating and operating the website as well as for promoting the website to attract buyers through such strategies as search engine optimization (SEO) which could delay income generation.

BOBs BUREAU DROP SHIPPING SERVICES