Dropshipping is essentially the supply opposite of buying in wholesale goods. With dropshipping, when you sell a product you then purchase that product from PrintPit (or your other suppliers) and it is shipped straight to your customer. You, as a merchant, never actually have to physically possess your products.
The Advantages of Dropshipping
Location – You can run your business from anywhere with an internet connection. All you need to be able to do is talk to your customers and place your orders with PrintPit. We have merchants already running stores turning over thousands every week who run their business from an armchair in their living room.
Product range – Since there’s no stock to buy until you’ve already sold it, you have the freedom to expand with no risk. You can run a store with every single item in our catalogue and it won’t cost you a penny extra than if you ran a store with just 10.
Scalability – Since you can expand your product range freely, there’s not a lot stopping you from scaling your business very easily. Of course, with more sales will come more questions from customers and so you’ll need to be prepared to work more or hire staff, but with increased profits the benefits will outweigh the cost. With the right attitude and a little bit of luck you can turn your armchair business into a fully manned office in very little time.
Start up capital – PrintPit is one of the very few dropship suppliers that keeps it’s promise to be totally free to use. We don’t charge a set up fee and we don’t charge any sort of subscription, in fact – the only thing we ever do charge for is the cost of the stock you buy. This means that you can start a business today with little to no start up funds. By taking advantage of the Shopify free trial and clever advertising it’s not uncommon to see new merchants turning over thousands in their first month with us, without even having a penny to start with.
Stress – Ask any business owner, working for yourself is stressful. But we aim to make it as easy as possible. With dropshipping you don’t have to worry about:
- Packing your orders
- Printing your orders
- Paying for a warehouse
- Shipping your orders
- Tracking your inventory
PrintPit Specific Advantages
Margins – Typically, due to low start up costs and the fact it’s so easy to get started, merchants running through dropshipping are often stuck in very highly contested territory. This means that margins are often quite low (sometimes less than 5% profit) but because we allow our merchants to upload their own designs, this eases competition massively. Sure you could go and sell our catalogue items at £10-11 and make albeit consistent but small profit, you could also upload your own design and sell it at £15+ and make upwards of 87.5% profit, we have merchants selling their own designs right now at £25+! You might then ask why you’d allow your designs to be added to our catalogue, well, though you can choose to keep them private and be the only supplier, if you allow us to add them to our catalogue you’ll get a lifetime commission of 10% which is often much higher than you’d normally make as it puts your designs in the hands of all our major merchants (some of which are multi-million pound stores).
Inventory – Usually you won’t be notified when your dropshipper runs out of an item, which can be a serious headache for merchants due to overselling. Because we print all our own stock we will never run out. This means that you can sell freely and not have to worry about any supply issues.
Account managers - Many other dropshipping sites expect you to just jump right into online selling with no help at all, some others force you to go through their channels (and even sometimes take a huge commission hit!). Things at PrintPit are a little different. With your account manager at hand you will have all the help you need, but you'll be able to sell anywhere you please. Our recruitment process for our account manager positions is very extensive and 9 times out of 10 your AM will have found themselves with the same problems you have, and will know exactly how to overcome them.
The Learning Centre - We understand that if your business doesn't grow, neither will ours. We're as reliant on you making sales as you are, so that feeling of investment will always keep us motivated to add new learning centre content all the time. We already run right from step by step instructions on setting up your store, to finding winning designs, to making the sales and then to a great aftercare process. That combined with your account manager should mean you can run your store like an expert right from day one.