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Dropshipping: How to start a hands-free online business

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No inventory, no headaches. This is the basic fonament of dropshipping selling model, so If you are thinking to start a new business from home, in this article we analyze the main advantages and disadvantage of drop shipping.

Dropshipping can be a real way to make a little bit of money on the side, all you have to do is work hard and choose a product of your interest as health and beauty, video games, wholesale gadget parts, music, candles or whatever you like yourself.

But, how dropshipping works? There are three different parts to this business model, the suppliers, the e-commerce store or dropshipper and the final customer. And four steps to make it all work together.

In the first place, you will have to list the supplier product on your e-commerce store for customers to buy. Afterwards and in second place, the customer can purchase something from your e-commerce store. The third step comes when you order that same exact product that the customer paid for, from your supplier. So finally your drop shipping supplier will ship this product directly to your final customer, and they will receive the item that they have ordered from your e-commerce store.

Easy right? You will receive the money you sold your product for and the supplier will charge you the wholesale price. So your profit will be the difference between the retail price and the wholesale price that you will pay to your dropshipping suppliers.

How to find products to sell online?

It is time to find products to sell and push for those items you think will succeed and customers will purchase. A good way to start is by importing items from China which will translate into better profits for your e-commerce.

China brands and chinese dropshippers are becoming very popular because they wholesale products with high-profit potential, as a double stereo Bluetooth with DSP for 27.62 dollars, that it can be sold for the retail price of 46.95 dollars. The benefit will be huge.

Or a popular set of knives ship free, a good opportunity to increase your earnings and avoid to invest in shipping. This little opportunity will make the difference in your new e-commerce. Millions of people buy knives every day as they are incredibly useful in the kitchen and required for many outdoor activities like trekking, camping or scuba diving.

Disadvantages and advantages of Drop Shipping

Even If the high-profit opportunities exist, they are not common. In general, low margins are the biggest disadvantage of operating in a highly competitive niche. E-commerce stores need so little in getting the business started, that they can afford to operate in such a low margins.

The inventory issues are another disadvantage of drop shipping. When you are sourcing from multiples suppliers, inventory changes on a daily basis, but to mitigate this problem you can start stocking some of your items. Shipping complexities If you work with multiple warehouses and supplier errors fulfilling the orders can be also tricky to face.

However, the benefits can be very good If you want to make it work and you have the time to invest. The biggest advantage of drop shipping is that you can launch an e-commerce store without having to invest much money in front. With this business model, you don’t have to purchase an item unless you already made the sale and the final customer has paid.

It is possible to work from anywhere as long as you have the internet connection, so make sure you can communicate with suppliers and customers easily. Another big advantage is that is easy to scale, as most of the work to process additional orders will be borne by the suppliers, allowing you to expand and create a better customer service and build the base of a good marketing strategy. So as the popular saying proclaims, If it is too good to be true, it probably is.

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Student @ Advanced Digital Sciences Center, Singapore. Travelled to 30+ countries, passion for basketball.

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SkyBridge Receives “Exporter of the Year” award from Global Chamber Phoenix

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The SkyBridge air logistics project received the “Exporter of the Year, Services” award, granted by the Phoenix Global Chamber within its annual Grow Globally Fair, which brings exporters and importers together, along with international investors.

The award was presented to SkyBridge, a company chaired by Ariel Picker and directed by Felipe Monroy. The effort to position www.skybridgeaz.com as one of the leaders in the international logistics sector within the business community in Arizona has been coordinated by Marco Lopez, president of Intermestic Partners.

SkyBridge is planned to become the first international air cargo hub to house Mexican and US Customs in the United States.

Its operations are based at the Phoenix-Mesa Gateway Airport and will allow e-commerce companies and manufacturers, among others, to do business in Mexico and throughout Latin America, with a more efficient and profitable transport of goods between countries, thorough inspections and adequate security controls.

The development of this project will create 17,000 new direct and indirect jobs, as well as more than 3.5 million SF of development which will include industrial, aeronautical, office and commercial real estate.

The construction plan will detonate other benefits in the border region. Arizona’s proximity to Mexico and its surroundings are highly favorable for business, and they make the state a natural center for air cargo companies, large and small, eager to see their businesses grow on both sides of the border.

In this sense, Grow Globally Fair gives global business leaders the opportunity to see what’s new, who is new and how they can grow better.

With that purpose, the Phoenix Global Chamber awards prizes in honor of the success achieved in international markets and in the United States, whose categories are: Exporter of the year, product; Exporter of the year, services; Importer of the year; Landed Company to see; Cross-border consulting; Transcendent leader of the community; International banking; International commercial law; Immigration lawyer; Diplomat of the year; Translation and localization; International logistics; International accounting and taxes; International finance and insurance; International Emerging Risk; International Talent and Payroll: International Real Estate Leader; International wealth management; International business training and discourse; International IT services; International market; International education; Collaborating Organization; International nonprofit; International business city; an Elected leader with global mentality; Young Global Leader, and Global Leaders of the tribe of the year.

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Axel Andorff and Carsten Isensee, new SEAT Vice presidents for R&D and Finance

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The Spanish car company, SEAT is betting on the future by hiring two prestigious new executive vice presidents. The company hired Axel Andorff as the new executive vice president of R&D (research and development), and Carsten Isensee has been appointed as the new executive vice president for finance. With both appointments, SEAT is focusing on Innovation and securing the company’s record profit and investment figures.

Who are Axel Andorff and Carsten Isensee

Research & Development and Finance are two of the most important areas on a car company. The new vice presidents of these areas, are both executives with international experience and extensive knowledge on the car market. Axel Andorff will be replacing Dr. Matthias Rabe (who will run the technical development operations area at Volkswagen), and Carsten Isensee, who is taking over for Holger Kintscher (who will be working as head of IT and finance at Volkswagen).

Let’s see who are these two new incorporations to the SEAT executive staff. 

Axel Andorff (R&D Vice president)

Axel Andorff is a German economic and mechanical engineer (from the German University of Kaiserslautern), with 20 years of experience at the car market, where he worked for Mercedes and held various positions in the research & development area of that company.

New responsibilities at SEAT

The new R&D vice president will be in charge of the company’s innovation projects, especially those involving connectivity and car electrification, developing technologies and new forms of mobility. He is in charge of the SEAT Technical Centre, who is focused on R&D. It has an area of 43,000 square meters, prepared and equipped (of a total area that covers a surface of 200,000 square meters). More than 1000 qualified engineers work on this center, using advanced technology (simulations, virtual reality…) to create modern and reliable cars, and developing new car technology.

In 2018 SEAT allocates 862 million euros on total investments and R&D expenses, 47% more than in 2017.

Carsten Isensee (Executive Vice-President for Finance)

Carsten Isensee has a degree in business management from the German University of Wilhelmshaven, and he has made his entire career in the Volkswagen company. His last charge was in China as an executive vice president for finance.

2018 was a historic year for SEAT. Sales have grown by over 10%, increasing from 468,400 sold vehicles in 2017 to 517.600 in 2018. With the incorporation of Carsten Isensee to the company, they expect to continue increasing their sales along 2019 and the next years.

New responsibilities at SEAT

The Finance vice president joins the Spanish car company with the objective of reinforcing the company’s profit record and investment figures, and to strengthen its financial basis for future Automotive (LINK NOFOLLOW) projects.

The car market is a very competitive sector. Last years SEAT increased its figures on sales, profits and investments. With the new vice presidents incorporations, the company is focusing on increasing these figures and securing its position on the market.

As SEAT president Luca de Meo said: “It’s time to look to the future with the ambition to grow”.

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Gutemberg Dos Santos and Robert Kiyosaki share their vision of leadership

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Gutemberg Dos Santos is a Brazilian-American entrepreneur and one of the main promoters of the use of Blockchain technology and crypto economy.

Gutemberg Dos Santos and Robert Kiyosaki

Gutemberg Dos Santos a couple of years ago sponsored an event in which the Guinness Record broke with the largest number of people playing Cash Flow, a game developed by Robert Kiyosaki. Today, Dos Santos shares some reflections that emerged on that occasion about what a good leader is. 

A good leader is an excellent guide to reach common goals. If I want my team to work successfully I must share my skills and offer the best tools for their performance. I am also committed to strengthening the capabilities of each of the members and never assume that we all work the same as diversity enriches and complements the unit. 

Sharing experiences. If I share my experiences with the rest of my team regarding the success and failures I have had in some projects, I will empathize with my team and together we will be able to reach the goals proposed for the company.

Listening. This part is essential for a business to prosper, if I do not listen to my people I will be walking towards darkness. I must always remain alert to the doubts and questions that my team may have, in this way I will know if we are all on the same frequency and we are walking towards the same course.

Motivating my team. I take my time to know my team, how old they are, what is their educational and socioeconomic level; what goals they pursue in the short and long term. This will help me find keywords that guide me to be empathetic with them and be able to have better communication. 

Being proactive. When facing a difficult situation, I try to get the best out of it, without falling into frustration and rather detect alternative solutions. Trusting and being flexible. I am attentive to the capacities and strengths within my work team, this way I trust people in order to delegate tasks, likewise I am open to listen to proposals and suggestions that lead us to strengthen our project. 

For more information, please visit : www.gutembergds.com 


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