Dropshipping tips and technical solutions by Yakkyofy? Having a successful dropshipping business is not just about opening a store, and it is not even enough to have a great product. To make your business fruitful, it is necessary to apply appropriate marketing strategies to generate dropshipping sales because just like physical stores, those that are online also demand attention. Although under a dropshipping scheme your investment in the logistics part will be minimal, your business will be useless if you do not attract potential customers. As in digital marketing strategy, it all starts with attracting customers.
Cheap China manufacturers is what started the dropshipping business. What are the payment options? Many factories require an initial payment before a preproduction process. The tool deposit is 50%, and completion process is 50%. Also, if a factory request for 100% or complete payment upfront, this could be suspicious. Orders will inevitably arrive late in some situations. But what happens then? Usually, the factory would be active when it comes to preventing delays, and the agreement would involve a penalty clause that can be handled comfortably. Also, this can be hard to enforce with vendors aboard. It can be challenging to negotiate a penalty clause if the MOQ is not substantial.
Alibaba VS AliExpress: How does Alibaba work? Alibaba is a B2B (Business to Business) wholesale portal that allows various Chinese manufacturing companies to open a store on its website (a bit like Amazon) and sell products to intentional buyers. Being a Marketplace, Alibaba does not own the products itself. It is the individual suppliers who are directly responsible for the quality of their products and orders they process. Alibaba does not force users and sellers to do any kind of direct payment, for this reason, this, can also take place outside the platform based on the negotiations that are made with the supplier via e-mail or chat. Alibaba, then, does not even impose any type of commission on the transaction which therefore becomes a private negotiation between the Chinese wholesaler and the foreign company. See extra information on ePacket vs Special Line: Which is the Best Delivery Service?.
Why China dropshipping? Energy is an important pillar of China’s economy and is one of the country’s largest industries. China is the leading country in electricity production since 2011 when the country’s production exceeded that of the United States. China’s annual electricity production reached 5,920 Tw-h in 2016. Most of the country’s electricity (57.2% in 2016) is produced from coal, a mineral that China has in plenty, with the third largest coal reserves in the world. Hydropower is the second-most important electricity source in China, accounting for 20.1% of the total electricity production in 2016. However, the country is grappling with the problem of lacking a unified national grid system for proper distribution of the electricity. The vast size of the country is also a problem due to voltage drops experienced as electricity is transmitted across long distances.
Biggest companies in China ? Ping An Insurance Group Co. of China Ltd, also known as also as Ping An of China had a value of $220.2.bn in 2018, yet is considerably more asset-rich with $1,038.3bn in assets. The civilian-run company is a conglomerate of companies that handle diversified insurance, responsible for business of insurance, banking and investment. Ping An Insurance was founded on 21 March 1988 and is headquartered in Shenzhen, China. Today, it is part of the Hang Seng Index: an index of the top 50 companies in the Hong Kong Market Stock Exchange.
Forget all your time-consuming duties and boost your dropshipping business with Yakkyofy! With us, you can easily find products to sell at B2B prices, add them to your store and ship your orders directly to your customers with a few clicks. Our software automates completely the management of your order fulfillment process so that you can focus only on what you love the most: marketing. You run ads, we power your store! Find extra information on Track your dropshipping packages.
