Every Product has a Story
Customize the product via QPMN product-designer plugins. Let it tell the story.
Product customization has huge implications for brands in the retail space. Many retailers start supporting customization to increase their competitive edge.
To remain competitive long term, customization needs to be on every retailer’s technology roadmap.
Customization adds a personal touch for customers at any age
According to a survey by Deloitte, an average of 1 out of every 5 customers is willing to pay 20% more for a customized product.
The result also shows that not only the young generation wants customized items, the customers who are over 55 years old are also interested in customization.
Customized products take a longer time, but nearly half of the respondents found it worthwhile to wait for it.
The customizable product trend is on the rise
Customization is not new to the market, but it is certainly the mainstream in the 2020s and adds an extra perk to your brand . Entrepreneurs see it as one of the most effective ways to add a unique spin to the product line. More and more brands are including customizable features in their products.
QPMN offers customers the ability to customize items online or in-store and then quickly take delivery of them. The user experience is strengthened by inviting customers to take part in the product creation process. Customization is the best way for your brand to stand out in the coming decade.
What Is Dropshipping?
Dropshipping is a means that jumps in to help when a business owner wants to get rid of the inventory problem. It is a popular business model for fulfilling the orders, so the stores don’t have to keep the products and sell them in stock.
The products will be shipped directly to the customers from a third-party supplier. In other words, the biggest difference between dropshipping and the standard retail model is that the selling merchants act as the middleman, they stock or own inventory.
With the dropshipping business model, the sellers don’t have to fulfill orders by themselves, they just need to purchase inventory as needed from a wholesaler or manufacturer.
E-commerce is rapidly evolving, and businesses are trying to adapt to these changes. Learn more about dropshipping for ecommerce stores and get started today!
Dropshipping offers benefits to help ecommerce companies improve their business substantially.
How does dropshipping work?
To expedite order and fulfillment processing, selling merchants look for reliable and convenient dropshipping companies for their service to get a no-hassle, get-rich-quick business model.
Despite dropshipping being accessible and a great business model for aspiring entrepreneurs to start with, it takes dedication to get your startup running and successful.
This business model limits the downsides when you want to quickly test different business ideas, it also helps you learn a lot about how to choose and market in-demand products.
For both large and small businesses, dropshipping is always the most popular business. it brings advantages to you which saves your time and costs.
- Requires less upfront capital
For a traditional business model, retailers need to invest a large amount of capital for rental and inventory. With dropshipping, retailers can launch an e-commerce store without spending thousands of dollars in upfront cost.
The biggest advantage of dropshipping model is that you don’t have to purchase a product unless you’ve already made the sale and you have already received the pay from the customer.
Unlike a traditional retail business, you’re not committed to selling through any inventory purchased upfront, there’s less risk involved in starting a dropshipping store.
This is a great opportunity to start sourcing products and become a successful dropshipper when no significant upfront inventory investments are needed.
- You can start today
Running an ecommerce business means you don’t have to deal with physical products, which is much easier than traditional retailers. Dropshipping puts an end to following problems:
- Managing or paying for a warehouse
- Packing and shipping your orders
- Tracking inventory for accounting reasons
- Handling returns and inbound shipments
- Continually ordering products and managing stock level
- Low overhead
Your overhead expenses are quite low without having to deal with purchasing inventory or managing a warehouse. In truth, many home-based businesses are successful dropshipping stores. To operate, it requires a bit more than a laptop and a few recurring expenses.
As your business expands, these costs will rise but will still be relatively low when compared to those of traditional brick-and-mortar businesses.
- Flexible location
Dropshipping enables you to run and manage your business anywhere, as long as there’s a stable internet connection, so you can communicate with suppliers and customers easily.
- Expand product range
No longer needing to prepare the items that you sell means you can offer an array of trending products that your potential customers may like. If suppliers stock an item, you can list it for sale on your online storefront at no additional cost.
- Easiest way to do market research
For both launching a new store and business owners, dropshipping is a useful fulfillment method to test the appetite customers have for additional product categories. The key benefit of dropshipping is enabling you to list and potentially sell products without committing to buying an array of inventory.