The Dropshipping fulfillment model allows entrepreneurs to run an online store with ease and grace.
To reap the benefits right now of the dropshipping business model, you should prepare now and get a head start!
Below are tips for drop shipping retailers on how to set up your ecommerce business.
Prepare your legal documents
Your business is awesome, and you can’t wait to introduce yourself to potential suppliers and brands. We get it!
Make sure your introduction is thorough and complete with documents like an EIN Number, your tax ID, and a former purchase order.
These are documents many brands ask to see before establishing a new relationship.
Find Suppliers that are a good fit for your store
Next comes the fun part: finding and choosing dropship suppliers you want to work with. It is not just about finding the right brands for your store, but making sure that they offer dropshipping as well!
Modalyst is a curated platform featuring hundreds of brands. For retailers who are drop shipping, we have a marketplace that will direct you to find brands that are pre-approved for dropshipping. This will help you save time and energy on finding qualified brands!
Present Your Dropshipping Contract
A dropshipping contract is necessary with all brands you would like to work with.
The contract should outline commission split, lead times, shipping, etc, Luckily, Modalyst has a standardized contract for all retailers to use. Retailers no longer have to go through the headache of creating their own contracts!
Collect product information from the brands you are dropshipping with, and start listing them on your ecommerce platform!
If you are a Shopify or Wix store using Modalyst, enjoy the convenience of one-click sourcing through our API Integration.
Market your brands and collect orders
What’s awesome about dropshipping is that you no longer have to worry about fulfilling orders. Once your customer submits an order, send it your brand to fulfill. Spend the time that was previously used for running to post offices for marketing your brands! Invest in digital marketing on sites that interest your customers. This can be Facebook, Instagram, Reddit pages, and etc.
So what are you waiting for? Source, list, market brands, repeat!