The Brick Factory: Benefits of Dropshipping
The market for customised, print on demand products is growing at an unprecedented rate and, according to a study by Grand View Research, is estimated to reach a staggering valuation of more than £33 billion by the year 2030. If you're considering starting an e-commerce store to sell personalised products then you may be worrying about inventory: where you will get it, where you will store it and, above all, how much it will cost.
Dropshipping is an instant, lasting way to allay all of these concerns. The method of order fulfillment means that a business does not have to shell out on inventory or a warehouse in which to store it: instead, you the seller only purchases products as they are ordered before the product is automatically sent to the buyer. The dropshipping market is set to reach a value of over £477 billion by 2027 according to data from Research and Markets, the largest market research organisation in the world.
There are numerous benefits to using the dropshipping model to sell personalised products from an e-commerce store.
- One of the biggest advantages of dropshipping is the relatively low amount of capital required to get started. Traditional stores require that a significant amount of cash be spent to purchase inventory, with no guarantee that it will be sold. This inventory then has to be stored, racking up even more precious funds in warehousing space. With dropshipping, you only purchase a product after it has been bought and paid for by the customer, eliminating the associated costs and risks.
- Dropshipping saves a lot of time and, as everyone knows, time is money! You don't have to worry about packing and shipping orders or managing stock levels, leaving you plenty of extra time to focus on the core needs of your business.
- A dropshipping business can be run from anywhere that has access to the internet, including your mobile devices. This allows for infinite flexibility.
- As the items you sell do not need to be purchased in advance, you can continually update your product portfolio without any worries about unsold inventory. This means that you can always offer on-trend products to your customers, populating your store with items from a huge range of suppliers and allowing your customers to personalise them however they wish.
The Brick Factory, designed and built by leading e-commerce development agency Brickweb, was created especially for businesses working in the growing field of print on demand products. In addition to being integrated with all major e-commerce systems like TikTok, WooCommerce, Magento, WordPress, Shopify, Etsy, Amazon, eBay and more, The Brick Factory offers a powerful dropshipping system to help drive your business to lasting success.
Find out more about The Brick Factory on our website and get in touch with our team to book a free, no-obligation demonstration of its many unique features.