Sijpat has everything you need to easily run your dropshipping business in India.
Why Start a Dropshipping Business in India?
Dropshipping in India is a great cost-effective way for new entrepreneurs to start an e-commerce business. Dropshipping allows an entrepreneur to sell products online without having to carry inventory or ship out products making it a low-risk business model for those just starting out. The best part of dropshipping is that you only buy your customers products after they’ve made the purchase on your store saving you more money. India’s ecommerce sales are growing at an annual rate of 51% making it the biggest opportunity for online retailers. And by 2020, it’s expected that ecommerce sales will account for $120 billion revenue. Indian dropshippers are free to market their businesses to those outside of India but it’s evident that the Indian e-commerce market will continue growing making it a worthwhile market to dropship into.
Identifying suppliers to India or Indian suppliers that can provide you with dropshipping products is the first step in localizing your store for India. Having local suppliers in India can increase the likelihood that products will be delivered on time.
Why Dropshipping is Better Than Wholesale in India?
Wholesale in India can cost businesses more money through the cost of goods, the cost of shipping and expensive employee costs. The cost of goods are high because large quantities need to be purchased to ensure good pricing without a guarantee that they’ll be sold. Shipping costs are high because individual entrepreneurs don’t have access to government deals such as ePacket. Employee costs are high because you need to hire a bigger team to package and ship products as your business grows. Dropshipping allows businesses to automate most of their business so that they focus on tasks that generate revenue like marketing or building strong relationships through customer service. By dropshipping via Sijpat, shipping goods usually only costs a couple of dollars and can sometimes even be free. It also allows Indian dropshippers to sell their products all over the world to grow their businesses quickly. Dropshipping is the budget-friendly option for Indian entrepreneurs allowing them to start businesses with minimal risk. Let’s move onto payment gateways in India – keep scrolling.
Supplier Considerations for India
India’s imports exceeded $7.25 Billion in 2017 making it a lucrative market to move into if you can find a reliable supplier to India. As a largely English speaking country it can be good to look for a supplier to India who can provide packaging in this language to make for a good customer experience.
Working closely with your supplier in India is important as payments might be troublesome at times. Wire transfer charges and added costs can be hard to identify until you enter the market so you will need to be open and transparent with your suppliers to India.