You can do dropshipping business with less investment: It does not require store and warehouse, but the margin is less.

You can do dropshipping business with less investment: It does not require store and warehouse, but the margin is less.

If you are thinking of starting an online business then dropshipping business model can be a good option. This is a modern online business model that requires minimum investment. In this news, we are telling you about what is dropshipping, its advantages and disadvantages… In dropshipping, you can sell the product without buying it and storing it in the warehouse. It does not require much investment like the traditional retail business model. All you have to do is open an online store and tie up with the suppliers whose products you want to sell. After tie up, you will have to list these products on your online store. The process of dropshipping is very simple. Let’s understand it in 4 steps… Regarding dropshipping, we also talked to Paras Thakkar, founder of Sourceinfo, a company providing this service… 1. In which areas do you currently have presence in India? Further expansion plans? We have presence across India. We import products from China to India for D2C brands with dropshipping service. We are planning to rapidly expand our business from China to US ecommerce. Along with this, we are planning to implement just-in-time model for China-to-India import service. 2. Who are your target clients? How many people are you currently working with? Our target clients primarily include people who want to tap into online revenue streams. Currently, more than 250 people are associated with us, out of which 100 keep placing orders continuously. 3. What are your expectations regarding new customer acquisition in the next 18-24 months? How much growth are you expecting? In the next 18 to 24 months, we are expecting a huge jump in the acquisition of new customers, which could be 10% to 15%. At the same time, we are also expecting 50-75 lakh orders every month. 4. How much fund do you plan to raise and where will you use it? We are planning to raise a minimum of $4 million. This fund will be used for strengthening technical infrastructure, increasing human capital, enhancing community engagement initiatives and networking programs, among other things.

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