Drop Shipping business in Nepal

Need to know before starting Drop Shipping business in Nepal 2022

So, what is dropshipping ?

you probably hear it all the time about this brand new method of making money online without really putting any money up or without holding any inventory . Well this is what is dropshipping. Drop shipping seems as an elaborate system but its really not and it is quite simple. so, we can suppose over here we have supplier so thts where you are going to purchase a wholesale from . there are two different places actually the wholesale one and the retail one . wholesale is what you seller is buying from and retail is what you are selling for .Your customer over here buys retail price and you buy wholesale price so here is how the system works.
Starting a dropshipping busssiness is a great first step into interpenureship. here you will be able to sell products to the consumers set your own price & market your own brand . if you are willing to make this work, you can build a successful brand as starting online bussiness is an increasingly lucrative option right now .

HOW DOES THE DROPSHIPPING BUSSINESS MODEL WORK

There are three key players in the dropshipping bussiness model: the manufacturer, the retailer(you) and the customer.
Here the role of the manufacturer is to create the products, shipping products on behalf of the retailer to the customer. assuming the risk of unsold inventory they sell product to the retailer at whole sale prices.
Now here retailer(you) in dropshipping bussiness model sell the products of the manufacturer to the customers through website under your own brand. Here you are allowed to mark your own price on your website and have your own profit range. you are responsible for choosing the products to show the customers on your site from the manufacturer.
lastly in this bussiness model customer buys the products directly from the retailer. if any sort of issues arises they contact the retailer they bout the product from.

WHY IS STARTING DROPSHIPPING BUSSINESS MODEL GOOD IDEA?

A dropshipping bussiness model is a low risk bussiness model . dropshipping bussiness model is a great bussiness model for aspiring entrepreneurs to start with becaus it is accessible. With dropshipping you can test different bussiness with limited downside ,which lets you learn alot about how to choose and market in demand products.Here are few other resons why this is a popular model:
1. Less capital is required: when it comes to startup costs, you only pay for products that you sell to paying customers.You dont become overburden withthe cost of creating products,cost for maintaining unsold products & cost of employee for maintaining ,packing and shipping products. So we can say drpshipping model requires less capital for its stablishment then the traditional model for starting bussiness.
2.Easy to get started: as we have already mentioned above about the establishment of dropshipping bussiness model its really very easy to start as you just have to choose your supplier for the bussiness choose the products and list the products online at your website for your customers.
3. Flexible location: From all above discription also we can know that Dropshipping bussiness can be run from just about anywhere with an internet connection. so you just dont have to require huge buinding expensive locations for your bussiness to come at highlit.
With all its advantages there are few number of built in disadvantages as well. so some of them are listed below
1.Supplier errors: As here in this bussiness you get everything in writing form but if incase there occurs some mistakes due to lack of communication sometimes their occurs problem in evaluating if your service is actually the tool they require.
2.Low margines: a low profit margin means that your bussiness is not efficient converting revenue into profit. wivh obviously leads to the loss in bussiness and is actually a disadvantage of this bussiness.
3.Limiting customization and branding: As in this bussiness customers directly get the product from the manufacturer you i.e retailers branding may not come at highlighting it just comes at your website not at the packaging and any other thing else.

SO IS DROPSHIPPING BUSINESS IN NEPAL WORTH IN 2022?

To be very clear about this bussiness this model has some definite advantages, but comes with a number of built in complexities you will need to address. the good news is that with some careful planning & consideration most of these hurdles can be resolved. so yes dropshipping is worth in 2021 as its oppurtinities are endless, you just have to take the first step.

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