As an E-commerce service in the Philippines, Payo knows that there are many ways that merchants sell their products. One way they do it is by dropshipping in the Philippines.
Dropshipping is a retail shipping method where a merchant buys his or hers stocks from third-party suppliers. This means that the merchant can have a business without a physical store, or stocks on-hand. The most common type of dropshipping involves customers placing an order, the merchant routing this order to the supplier, and the supplier shipping the products.
Other merchants prefer having the products shipped to them first so that they can incorporate their own branding. However, they still ultimately get their products from third-party suppliers.
Dropshipping in the Philippines has boomed, mainly because of all the opportunities it presents. If you want to understand why it’s gotten so popular in the country, here are some reasons!
Easy to set up
Being a dropshipper is fairly straightforward. First, you just have to set up your online shop. You can use E-commerce platforms like Shopify, or put up your own website or social media store. After that, you can simply contact your suppliers when orders start coming in. It’s that simple!
Dropshipping, compared to setting up a traditional business, is simpler and requires less effort.
No physical store required
When you start your dropshipping business in the Philippines, you won’t have to worry about having a brick and mortar store. All you need is an E-commerce platform where you can showcase your products, and a reliable supplier.
There’s no need to look for space for a physical store. Just create your brand, set up your E-commerce platform, and you’re good to go!
Warehousing and shipping are taken care of
Warehousing and fulfillment are one of the most important parts of E-commerce logistics. Thankfully, it won’t be something you have to worry about with dropshipping. That’s because your supplier will be the one taking care of this aspect of the business. This is just another advantage of choosing a dropshipping business model.
Product production isn’t necessary
Since you’ll be working with various suppliers of your choice, you won’t have to create your own products to start a business. You just have to pick and choose which items you want to sell.
When you do this, make sure to pick out products with good quality. It’s also important to work only with suppliers you trust, as they have a big impact on the success of your store.
Let’s you focus on growing your brand
Because your suppliers take care of the packing and shipping aspect of dropshipping, it gives you the opportunity to focus on other business aspects, like marketing. By spending most of your time building your brand’s name and reputation, you have better chances of attracting customers.
Furthermore, being a dropshipper means you don’t have to do everything alone – you have suppliers who help you with the E-commerce process!
These are just some of the reasons that dropshipping business in the Philippines have grown in number. It’s easy to see how these advantages, coupled with the booming E-commerce industry, entice merchants to try online selling.
If you’re looking for a reliable E-commece partner to help you with the ins and outs of dropshipping, Payo is the best choice!
As a leading E-commerce enabler, we want to make sure online selling is as easy as it can be for you. That’s why no matter what solutions you need – from Live Customer Support to Marketplace Optimization – we have them for you.
To learn more about our solutions, simply sign up today or send us a message at [email protected]. We look forward to helping you thrive in E-commerce!