WBSRocks: Scaling Growth with AI, Enterprise Software, and Digital Transformation
WBSRocks podcast features in-depth conversations on AI-enabled business models, customer experience, digital transformation, supply chain, eCommerce, industry 4.0, and enterprise software categories such as CRM, ERP, or analytics suites. The purpose of the show is to help CFOs, COOs, CEOs, and business owners with their daily commercial, operational, or financial challenges by taking a deep dive into business cases and processes, technology strategy and architecture, transformation initiatives, and business models. The show also offers an independent analysis of technology trends, various enterprise software vendors and solutions, and their mergers and acquisitions. Subscribe today to stay on top of digital transformation trends!
WBSRocks: Scaling Growth with AI, Enterprise Software, and Digital Transformation
WBSP259: Grow Your Business by Learning How To Find Products for Dropshipping w/ a Panel of Experts
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A successful e-commerce strategy requires you to be able to dropship your products. This is especially true for newer brands that might not have access to the capital necessary to set up the distribution and logistics network required to meet customer expectations. Even the existing brands need to have it as part of their strategy for newer products and territories before setting up an expensive distribution network for untested ideas. But finding products for dropshipping is not easy as the dropshipping business model requires you to find the products with appropriate margins. It also requires you to find quality suppliers who are willing to support your order types, MOQs, and customer experience expectations. Finally, it requires you to research the competition and channels to ensure that you are able to compete with bigger brands that might have the economy of scale with their existing fulfillment network. So how do you decide which are the right products for dropshipping? Do you analyze each channel and SKUs and determine if dropshipping might make sense? Do you also need to consider the product weight and size to account for shipping complexities, cross-border challenges, and white-glove services that might need to be included as part of your product bundle? These are the questions you are going to have if you are exploring dropshipping as part of your business strategy.
In today's episode, we invited a panel of cross-functional experts for a live interview on LinkedIn who brings significant expertise to discuss how to find products for dropshipping. We discussed the criteria for finding the right SKUs for dropshipping and the differences between B2B and B2C dropshipping. Finally, we covered strategies of how to conduct price and supplier research to set up the dropshipping network.
For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.