How to Reduce Inventory Risk and Increase Your Sales?
Is your supplier out of business or are you looking for a better way to manage your inventory? As a business owner, whether you are relatively new to the home and garden market or are a seasoned veteran, consider drop shipping your home and garden supplies.
How to Control The Seasonal Trend Of Home Garden Business
As most people already know, these kinds of products can often be bulky, hard to store in massive quantities, and are seasonal, depending on where you live in the world and what your climate happens to be. With drop shipping, you won’t have to worry about the season or storing the right products on your own; someone else manages all of that.Drop shipping home and garden supplies is like having your own personal warehouse staff, but one that you don’t have to worry about providing pay, benefits, and scheduling. You may not have heard about drop shipping before, or you’re a bit leery regarding relinquishing some level of control to another entity, especially when your business is at stake, so let’s discuss what the benefits and risks are involved in drop shipping.
Have Your Own Warehouse or Zero-Inventory with Drop Shipping?
Okay, so you’ve decided that you’re going to take a deep dive into the waters surrounding drop shipping. What are the risks? After all, when it comes to your business, you only want to take calculated risks, right? You don’t want to simply dive in and then hope for the best.The risks involved with drop shipping are basically that your customers could order something from you online, and you suddenly find out from the wholesalers, or drop shipper, that they are actually out of stock on the item.
Most wholesalers these days have very sophisticated tracking software that will update you regularly about which items are out of stock and even those that are running low. The burden, then, falls on your shoulders to update your website to let your customers know about the lack of inventory or stock.
But this happens the same when you have your own warehouse. You still need to track and update your own inventory. As far as risks go, that’s pretty much it. So what are the benefits?
