The dropshipping business in the Philippines in 2021 is one of the emerging e-commerce platforms. In Asia alone, the average online shopper accumulated USD21.68 revenue in 2019. Additionally, it is projected to have an annual growth rate of 7.9% in 2024.
In the Philippines, customers buy electronics. This means cameras, phone accessories, laptop add-ons, and more. Additionally, 56% of customers will visit an online store at least once every 30 days. Everyone should consider a dropshipping business in the Philippines in 2021 when starting a business.
In dropshipping business, you LEGALLY sell products to your customers that you do not own. Basically, (1.) the customers place their orders with you (through you online platform. ex. website), (2.) you send their orders to your chosen suppliers, and lastly (3.) your suppliers ships the orders directly to your buyers.
Below is an illustrative example.
To make your dropshipping business profitable, you have to think about the price of the product. Your profit is simply the difference between the cost of your own purchase and the money you ask from your customers.
Benefits of Dropshipping Business
The E-commerce platform or online business, specifically the dropshipping business has great deals of advantages.
- Start without any experience at all.
- A low-cost capital.
- Manageable anywhere on the globe.
- Save’s you tons of money.
- You can change your products anytime you wish.
- Free and independent.
First, you can start without any experience at all. If you are working full time, you can spend some of your time reading explanatory articles, educational videos, and forum threads to guide you. You don’t have to be an expert in this field, and a basic set of skills will be more than enough for this.
Secondly, It is a low-cost venture. There are many types of online businesses that require little to no investments. In this case, you need to invest and invest on your dropshipping website. You can start with a basic simple website and use free methods of marketing and promotion. Also, you don’t have to risk your money and buy products beforehand.
Third, you can manage your dropshipping business anywhere on the globe. Basically, if you run a dropshipping business, you can work wherever and whenever you want to, you only need a stable internet connection. Literally, anywhere.
Fourth, you save tons of money. Since you don’t own the products you sell, you don’t need to rent a warehouse. Moreover, you don’t need to buy items for your stock.
Fifth, you can change and expand the products you sell. Basically, you don’t pre-order the items you’re selling. In this case, you can add anything to your products or even change it completely if you want to. You can sell products which aligns to your niche.
Sixth, you are free and independent. as mentioned earlier, you can run this business anytime and anywhere. You are stress-free. You don’t mind your stocks, your warehouse rental, or the place you sell the product – you are location independent. When your dropshipping business is in the Philippines, you can literally, sell your products on the other side of the globe.
Where to sell your products?
There are many platforms to consider if you really want to start your dropshipping business, not only in the Philippines but also abroad. Let me give you the different platforms you can use to sell your products that will bring you high profits.
- Social Media Platforms
- Blogs and Forums
- Dropshipping Website
The first thing to consider are the Social Media Platforms. Usually, entrepreneurs with high numbers of followers can easily sell their products. Furthermore, entrepreneurs post their products along with product information, If they are selling, Tees, they can wear it and post on their social media account. However, it is not an inconvenient for buyers since social media are not designed for placing orders and making payments.
Second in the line are blogs and forums. These are places where like-minded people connect. In this case, if you own a blogging website, you can make a review of a specific item, then try to sell it on your website. If you make good points in your review, there is a big chance of visitors buying the products you reviewed.
Lastly, your very own dropshipping business webstore. It is alright if you do not blog, you can make technically, start your own dropshipping website without reviewing products that you are selling. Unlike social media platforms, dropshipping webstore are designed for placing orders and making payments.
For a business starter like you, I suggest to create your own Dropshipping WebStore. Aside from the reasons you have read earlier, there are more advantages that you should know why creating your own Dropshipping Webstore is a great idea.
- High Income
- Full Control
- No Competition
- Additional Value
You’ll have a high income. By selling items from your own store, you can get much greater profits than you get from other platforms. Unline social media, shoppers prefer to make purchases in a webstore. The level of trust between you and the buyer is much higher.
Furthermore, you have full control over your webstore. Dropshippers who own their webstore can think strategically. Meaning, they are free to choose any products they want to sell, and they are not limited in their products, and pricing.
Moreover, having your own dropshipping webstore means low-to-no competition at all. If you post your products on Lazada, Amazon, or any online marketplace, there will be a huge number of competitors selling the same products. If they visit your webstore, the only thing they will do is to make purchases from you.
Also, it is possible to to increase your store value by thinking good marketing strategy. As mentioned earlier, writing a good review of the product that you sell is a great marketing strategy. Adding necessary content and brand awareness on the products that you sell is a great investment that can be sold for a profit in the near future.
Last but not the least, analytics. Having a webstore can easily track the performance of your dropshipping business. You can view detailed statistics such as the volume of orders, revenue, and the number of visitors.
How to Start a Dropshipping Business Webstore?
If you really want to start and build your dropshipping business, especially here in the Philippines this 2021, here are the basic steps.
- Find your Niche
- Choose a Domain and Hosting Provider
- Install WordPress
- Install Plugins
- Add your Products.
What are the Hottest Niche in Dropshipping Business?
There is a reason why finding your niche is the first step on how to start a dropshipping business, especially here in the Philippines in 2021. It is because having a niche will help your customers buy your products.
For example, your niche is “Pet Supplies” you should narrow down that niche and be more specific. In that case, there will be a big chance when they find your webstore, they will buy your products.
- Pet Supplies
- Bags and Wallets
- Women Dresses
- Korean Style
- Make-Up Products
- Nail Art Supplies
- Skin Care Products
- Kitchen Tools
- Gadgets (Earphone, Smartwatches)
- Sport Clothing
- Cycling and Car Accessories
- Lighting Fixtures and Appliances
- Data Storage Devices
To be more specific, you can sell “Owl Cage”. I don’t even know if this exists. But it’s more specific than birdcage because there are tons of bird species.
I think that this online business model will boom in the next 3 to 4 years. To date, I am planning to be a dropshipper. I will integrate it here on my website and sell electronic products. I have 5 products in mind which I think will give a boost.
This blogpost may not be comprehensive as it should, but I’ll make sure to add more content on How to Start a Dropshipping Business Webstore since it requires attention to all not tech-savvy people.
There’s no wrong in trying this kind of venture. If I were you, you have to start now.