Drop shipping is one of the many strategies that you can use to fulfill orders for an online store. It is a relatively simple strategy, but it has some real benefits to it. One of the biggest benefits is that you don’t have to keep nearly as much material in inventory which is extremely helpful as many online storefronts are run by one or two people out of their home. Their garage or a shed probably serves as their inventory space. This means that they may not have enough room to hold many items in stock, but drop shipping can eliminate that hindrance and make keeping inventory stocked much easier as well as provide the additional benefits to the home-based business.
Get to Market Fast
As Practical Ecommerce points out, having a drop shipping arrangement is a great way to make certain that you can get products to market faster. This is because you don’t have to wait for the items to come in and, even more importantly, you don’t have to gamble on how many of those items you need to hold in stock to keep customers satisfied. You simply send the order to the manufacturer or a different warehouse and they’ll send the article out for you, with no risk involved.
If you’ve ever shopped at Costco, Sam’s Club or any other warehouse-type store for home goods, you know how easy it is to get carried away with the tantalizing prices of bulk items. “Twelve dollars for 20 bars of Dove soap? What a steal!” Then you get home and remember you don’t even use Dove soap, and it just sits in the back of your bathroom storage cabinet.
As tempting as some of the prices might be, buying in bulk isn’t exactly as cut-and-dry as it seems. When it comes to bulk-buying for business, things can get even more complicated. Read on for some tips on how to really get the most bang for your bulk buck.
Data security is as important to a small business as physical security is online today where virtually all computers and electronic devices are connected to both each other and the internet making us and our information fairly accessible at all times.
Because of this, the bottom line for any business with company or client data to protect is that it must be able to maintain a security policy and procedures that are as airtight as possible. Failing to do so can mean anything from competitor theft of your ideas to major and expensive security breaches that can lead to client lawsuits. Continue reading