If you're in the retail business, you know there's never been a bigger demand from customers to get their products quickly, cheaply and conveniently. A lot has to do with the Coronavirus pandemic, which forced many to stay indoors and turn to online ecommerce shopping to satisfy their shopping needs. It also has to do with increased use of smartphones for mobile shopping and social media pushing more brands and products into websites for all to see.
According to Statista, ecommerce amounted to $431.6 billion U.S. dollars in 2020 and is expected to increase to $563.4 billion U.S. dollars by 2025. With such a high demand from consumers, that means online store owners have a higher demand to get more products into their hands. But they don't want to risk losing time, money and quality control. So what do they do? They turn to a dropshipping app.
What is Dropshipping?
Dropshipping is one of the best ways for online retailers to improve the overall ordering and shipping process of products directly to customers. Shopify says, "Dropshipping is an order fulfillment method where a store doesn’t keep the products it sells in stock. Instead, the store purchases the item from a third-party supplier and has it shipped to the customer. As a result, the seller doesn’t have to handle the product directly."
In a nutshell, dropshipping works in three steps:
Step 1 - Customer places an order online.
Step 2 - The order is forwarded to the supplier.
Step 3 - The supplier ships the product to the customer.
Why is Dropshipping a Good Idea?
There are many reasons why the concept of dropshipping is a great idea. The best reason is that it saves online retailers thousands of dollars because they don't have to purchase inventory up front. Retailers don't have to pay until the sale has been made and paid for by the customer. With less commitment to spend money so early, there's less of a risk, especially with new products.
Other benefits of dropshipping include you get a wide selection of products to sell, you can do it anywhere there's an internet connection, it's easier to start and manage without having physical products to deal with, and it's easy to grow a business because the suppliers are handing all of the orders.
What is the eCom Inventory App?
Now that you know about dropshipping, it's time for you to find the perfect app for it. And we've got it! No really, even Retailer Insider published an article that said our corporate company Elogistical Systems, LLC created the number one Shopify Dropshipping App called eCom Inventory.
The article says, "It is the best app for eCommerce business owners who don’t have the resources to ship hundreds of products in a day." And we agree!
Developed by an industry leading eCommerce team consisting of Nick Skelly, Chris Metzger and Mustafa Azzawi, the eCom Inventory app's main goal is to streamline integration and mitigate risks for suppliers' and sellers' partnerships.
The app offers access to today’s most popular products in different conditions priced for wholesale. It's perfect for retailers who:
- Don't have a huge warehouse.
- Don't have the resources to ship hundreds of orders a day.
- Want to focus on growing their business and sales.
So, it's perfect for all online retailers!
How Does the eCom Inventory App Work?
Similarly to dropshipping, the eCom inventory app works in three simple steps. Here's how it works:
Step 1 - The supplier adds products for sale.
Step 2 - Sellers add products to their online catalog that sync into marketplaces for sale.
Step 3 - The product sells on the user's account and then the supplier ships to the customer.
How Does the eCom Inventory App Benefit Suppliers?
A huge benefit for suppliers when they use the eCom Inventory app is that their products will be available on marketplaces that may have been overlooked because of integration difficulties. When you have multiple sellers on multiple channels offering your product, it maximizes your selling chances.
Other benefits include benefitting from other sellers offering your inventory at higher prices, populating more listings, and a big plus - you don't need a customer service associate for these sales.
The biggest benefit of eCom is the risk mitigation that comes with diversifying revenue generating sources. Marketplaces can suspend or even terminate a supplier's account unexpectedly. If this happens, the supplier's offerings will go offline and they can still sell their inventory and be protected by having a network of resellers.
Even if a supplier has a product that is gated on a marketplace, a seller on eCom with rights to sell that product can sell your product, which ensures your product will keep moving.
How Does the eCom Inventory App Benefit Sellers?
One big benefit for sellers who use the eCom Inventory app is that they can view, publish and track all of their products from one location. You don't need to go channel by channel to publish your products or edit price/inventory because the app can publish thousands of products safely in a matter of minutes.
You can even create your own unique looking listings.
Another benefit is that sellers can also view and track all orders under one view because the app provides tracking for each order the moment the order is shipped. How does that work? Orders are imported to a supplier's daily orders and are shipped out the same day. Sellers don't have to do anything for the orders to be imported once they are cleared. Payments and returns are also viewed and tracked under this one centralized location.
What happens when the supplier changes the prices? The eCom app is continuously checking for inventory and price changes, so it will automatically update the price change. Also, products will be repriced based on the margin set by you.
Finally, if a seller has any issues at all, the eComm Inventory app's friendly customer support will solve it!
Additional Information about the eCom Inventory App
The products offered on the eCom app are mostly cell phones, cell phone accessories, brand cases, gaming consoles and other electronics. Their conditions include brand new, open box, refurbished and used, and they're all verified to be authentic. Every product is cleaned and repackaged as needed to meet the company's standards.
The eCom Inventory app is only offered to U.S. sellers and only ships to U.S. addresses. It integrates with Back Market, Walmart, Woocommerce, Squarespace and eBay.
Now that we've told you everything you need to know about the eCom Inventory app, it's time for you to download it for FREE! Just click the image below to access it on the Shopify App Store.