Sorry, we are about to burst your bubble.
“Make Money from Drop Shipping, it has never been easier.”
“How to make money $10,000 FAST by starting your T-shirt dropshipping business. No inventory, no start up cost.”
“Top XX Print On Demand Companies to start your business.”
We ourselves have seen the media bombarding such informations to teens, giving them a glimpse of being successful entrepreneurs without doing much work.
For one thing, you might be even sharing your own information or worse, even spending money to get their “Complete-guide-to-start-off-your-t-shirt-business” – the dropshipping way.
Sure, we may feel that there’s a need to unlock certain achievements at the age we are in, but there are no shortcuts.
Before we decided to compose this article, we thought hard about it. Even though might seemed like we are closing our own doors of opportunity, but educating the mass meant more to us.
Its time to hear the point-of-view from us.
For those whom do not know yet, we are a local T-shirt Printing Company in Singapore. One of those whom you will certainly knock doors on, when you decide to start your own “dropshipping business”. Heres the Top 3 reasons why drop shipping will not work out. If you do not wish to have your bubble burst, please close this page right away.
- You “think” its a Win-Win Business Model.
Not quite. Most would haggle with suppliers on the rates for their singular piece order. Because the more you can lower your cost, the greater your margin will be. How much do you think a supplier could possibly earn from your inconsistent, periodic sale? Suppliers would definitely be better off spending their time with another client that pays them enough to support their overheads. Oops, that was what you are trying to save on, and refuse to pay them for.
- It is easy for any suppliers to replicate your supposed, “Unique Design”.
We have seen duplicates of any iconic apparel designs on the streets. What difficulty do you think it poses to any suppliers if they would want to replicate your design? If drop shipping is about selling ur unique design and the supplier replicates your best selling model at a lower price, what more is there to value in the business? – Nothing.
- You think you are “In-Control”, but you are actually “Under-Control”.
When you finally get your order from your social media, you turn to the supplier to place your order in the requirements you have listed out and have the supplier ship to your customer’s location and you earn some quick bucks from it. The supplier gets her sale, and you got your profits from the trade, perfect right?
But what if the supplier decide to put your job at the bay because they had more lucrative sale that they are trying to complete? There is nothing you can do about it, other than responding to complains by your customers and thinking about a change of supplier. The truth is, the same scenario will keep happening again and again. Didn’t your “entrepreneur mind” tell you that you should focus on the sale that brings food onto the table first?
In summary, although we love to see anyone display a spirit of entrepreneurship, but there are certain fundamentals in a small business that has to be set in place. There are simply no “Get Rich Quick” formulas, but plenty of “Get Rich with Hard Work” Strategies out there. For all the time you spent on navigating your way through a effective dropshipping business model, it could be put to better use elsewhere.
Hope everyone gained some new insights from reading it!