The USP DropGenius offers is the power to be able to launch a profitable dropshipping store in minutes. This provider puts the power of AI to good work as it enables users to customize their own dropshipping e-store and import winning products that will help you succeed.
Dropshipping is an alternative retail model that is widely associated with lower start up costs and overheads than traditional retail. With this in mind, it’s hardly surprising that dropshipping has boomed in popularity amongst budding entrepreneurs.
But with AI-powered tools such as DropGenius, has launching your own business just become even easier? Find out if dropshipping with AI is a good fit for you below.
What’s different about dropshipping when compared to traditional retailing?
Traditional retailing and the dropshipping business model differ on one major point: the supply chain. Where traditional retailers buy products, manage inventory, and handle dispatch and shipping themselves, dropshippers don’t need to.
In dropshipping, products are purchased as and when needed to fulfill customer orders placed through their ecommerce platform. The dropshipper buys the products needed to fulfill an order from a dropshipping supplier. Then, that supplier ships the products directly to their customers. What this means is that as a dropshipper, you won’t need to deal with order processing (after placing the order with your supplier). You also won’t need to handle the shipping, or worry about where you’re going to hold the products until they sell. The lack of warehousing costs involved makes dropshipping a low-risk business model that can be launched pretty much on a shoestring.
But in traditional retailing, you’d have to buy winning products before you’re able to list them for sale on your e-store. You’ll also have additional costs associated with a storage or warehousing space. Ultimately, this means there is a lot more risk involved in traditional retailing.
When deciding whether to forge ahead in dropshipping or traditional retailing, there are three key factors to think about:
- Budget: How much capital do you have set aside to get your ecommerce store up and running?
- Experience: How experienced are you in the world of retail and all of the different intricacies that are necessary to build a successful business?
- Time: How much time can you dedicate to your business venture?
To be successful in traditional retailing, you’ll need lots of all three of these factors. Dropshipping is much less demanding. With very few startup costs, so long as you’re willing to continue on a learning journey, success is in sight. Plus, with an AI tool such as DropGenius at your disposal, you’ll be able get your new ecommerce platform up and running in minutes.
How to set up a dropshipping store using DropGenius
DropGenius is a user-friendly and intuitive AI provider that makes building your dropshipping store from the ground up a much less daunting task. Within 4 simple, multiple choice steps, you’ll have your new dropshipping space up and running in next to no time at all. Just make sure you’re certain of both your niche and your brand vision beforehand.
Step 1: choose a color scheme
Start out by personalizing the color scheme of your dropshipping store. With DropGenius, you’ll have 4 options to choose from: cool, warm, earthy, or neutral. Consider which color group would be a good fit with your brand’s ethos.
Step 2: choose a niche
Choose your preferred niche or let DropGenius choose for you. Allowing DropGenius to choose for you instantly aligns your brand with products that are trending currently. There are both pros and cons to this. It’s a handy solution for anyone who’s struggling to choose a niche. But, it could also result in you ending up with a niche you’re not overly familiar with. The drawbacks of this include finding it difficult to assert yourself as an authoritative voice which could hinder your ability to rank in the SERPs and build trust with your customer base.
Step 3: choose your dropshipping store’s personality
When choosing your dropshipping store’s personality, it’s vital to understand your target audience. What are their values, interests, and design preferences? Market research is the key to choosing the best personality for your dropshipping site.
Step 4: choose your business location