A variety of ways can earn you a lot of money, but eCommerce, specifically dropshipping, is unbeatable. Many drop ship companies are making big money with little effort in today’s internet world. How? Here’s all you need to know about dropshipping businesses and the 10 best dropshipping suppliers so you can get started with dropshipping right away.
How Does Dropshipping Work?
Dropshipping is a supply chain management strategy in which online businesses sell a variety of products without managing their inventory. They use their dropshipping websites to sell things that they buy from other suppliers as if they were their own, and they profit handsomely from arbitrage. Dropshipping businesses serve as a link between the global 10 best dropshipping suppliers and purchasers. When a consumer places an order and pays for it, dropship firms send the order information to suppliers, who then distribute the product directly to the customer from their warehouse.
Related Post:- Dropshipping Business Tips
Top 10 Dropshipping Suppliers in 2022
Dropshipping firms can engage with a wide range of industries. As a result, evaluating dropshipping suppliers based on their offerings and public reviews is critical. To assist you in selecting which suppliers you must work with, below are the top five general suppliers, together with their benefits and drawbacks. These eCommerce websites have successfully catered to dropshipping enterprises from all over the world, offering millions of products.
Spocket provides users with branded invoices and access to thousands of dropshipping vendors. And this makes it one of the best sites for dropshippers. It’s really simple to use and integrates effectively with third-party markets such as Etsy.
Pros: One of Spocket’s best features is that the bulk of its suppliers are United States or Europe based, which means your customers will receive their orders much faster than they would from Chinese suppliers; certain orders can receive in as little as 2-5 business days. Moreover, you can maintain consistency in your brand during the sale, which builds client trust.
Cons: Despite the high quality of the products, it lacks a number of other platforms, so you may not be able to discover exactly what you’re looking for.
This is a wholesale supplier database that helps dropshipping businesses connect with dropshipping suppliers, allowing them to collaborate and flourish. It is not free, even though it offers a wide range of things. SaleHoo takes all major credit cards as well as PayPal payments. Its cost is USD 67 per year, and you pay USD 127 for a lifetime subscription.
Pros: Salehoo connects dropshipping businesses with over 8,000 genuine drop shippers. Another advantage of SaleHoo is that suppliers handle all of the packaging and shipping for dropshipping companies, so they don’t have to bother about stocking items or worrying about shipment. We can say that in most cases, suppliers are in charge of inventory management. There is no minimum order requirement, allowing dropshipping businesses to provide more options to their clients. Plus, the market research lab at SaleHoo helps dropshippers to find out which products are the best-selling on the market and can be profited from.
Cons: Dropshipping enterprises may have a sudden stock scarcity with SaleHoo, which is one of the downsides. They may offer the goods online through their dropshipping websites, but a shortage of stock from suppliers is never good news when it comes to fulfilling that order. When dropshipping providers make mistakes, it is the dropshipping companies who are held responsible. Once again, your brand’s reputation is tarnished.
Related Post: 15 Best Dropshipping Suppliers in USA
AliExpress is a name that does not need any introduction. Electronics, garments, footwear, DIY, accessories, cosmetics, and much more are among the items available at AliExpress for purchase. With time, AliExpress has become one of the most popular dropshipping platforms, with millions of products and a free sign-up.
Pros: The main thing about AliExpress is that it offers millions of dropshipping products at low costs, allowing dropshipping companies to resell these products for a bigger profit margin. With AliExpress, dropshipping companies can sell a product worldwide with free shipping, eliminating the worry of calculating or paying shipping charges with each transaction.
Cons: Even though AliExpress promises free shipping worldwide, delivery times are delayed from one week to 60 days. Furthermore, your brand’s reputation can get a big blow due to the burden of returns and exchanges. All that glitters isn’t gold, as the saying goes. False advertising, for example, is a major issue that many drop shippers must deal with. Customers occasionally don’t receive the product for which they paid. The product’s size or quality differs from the advertisement, causing various problems for dropshipping companies. Along with the benefits, there are multiple disadvantages with AliExpress that prevent dropshipping businesses from reaching their full earning potential.
You can sign up with Doba without using a credit card. The best feature of this platform is that it provides you with access to thousands of various dropshipping suppliers as well as millions of products via a separate catalog. This platform has a very simple-to-customize inventory, and Doba’s interface with 100+ shopping carts enables quick product posting.
Pros: Doba also offers instructional tools of dropshipping that can help you quickly measure your dropshipping business. Additionally, as a safeguard against overselling a product, you will receive fewer inventory updates. Simple navigation of Doba’s website is also one of the benefits of working with this company.
Cons: Unlike AliExpress, Doba sells high-priced items that result in a lower profit margin. Furthermore, high-priced products make it harder to compete on large marketplaces. Doba’s subscription levels are not cost-effective. You should know its charges if you own a dropshipping business. Depending on the Doba plan you go for, your membership can cost anywhere from USD 60 to USD 90 each month.
Related Post: How do you start a dropshipping business?
Wholesale2B functions primarily as a system for integrating suppliers. Dropshipping businesses can choose from millions of products offered by thousands of dropshipping vendors with Wholesale2B. Users of this platform can sell on BigCommerce, Shopify, eBay, Amazon, and also on their own dropshipping websites.
Pros: Wholesale2B has low-cost plans and offers reputable carriers like DHL, FedEx, UPS, and USPS. Plans of Wholesale2B come with a variety of listing options that make it simple for its users to upload their products within a few clicks. Wholesale2B enables you to save time by not manually copying and pasting product details. Many other dropshipping platforms charge even to access catalogs. But, Wholesale2B allows its users to view their products and suppliers without charge.
Cons: If your buyer returns the product, you will have to pay a 20% restocking fee according to the various policies of your suppliers. This is the biggest disadvantage. You also won’t find a lot of help options here. Therefore, you’ll have to rely on ticket requests or live chat to get in touch with them. It would have been more convenient to have a phone number or an email or phone number for support, especially in the case of an emergency.
6. Worldwide Brands
To trade large quantities of products, this is a comprehensive directory to find dropshipping companies and suppliers. Every week, they add new suppliers to their list(s) and double-check that each one is credible and trustworthy. You must pay a one-time price of USD 249 to receive access to this directory.
Pros: With Worldwide Brands, you become able to manage your business with various suppliers from a single location. Furthermore, in the case of over-saturated products, some products come with a lower profit margin, and some products can even cost you money. There are no minimum requirements of the order. Worldwide Brands has a large range of products to choose from. Before appearing in the Worldwide Brands list, dropshipping suppliers go through a rigorous verification process that weeds out counterfeiters and other shady businesses.
Cons: This makes selling items on platforms like Amazon or eBay harder to earn from. When dropshipping companies place big orders, most dropshipping suppliers require a resale certificate.
Dropified is a dropshipping platform that includes incredible automation features for importing products from many suppliers into your store. This dropshipping company works with multiple leading eCommerce platforms, like BigCommerce, Shopify, WooCommerce, and a few more.
Pros: Dropified offers a 14-day free trial to evaluate features its software. You can get a full refund within one month if the dropshipping websites don’t work out for you. If you get stuck, you can reach out to their team via a variety of help channels.
Cons: Several processes could be automated to make business easier for you. It also lacks a section of frequently asked questions, so you’ll have to consult online communities and discussion forums to find answers to your queries.
Related Post: Can You Start Dropshipping Business With No Money
DHGate is a well-known drop shipper. It is a great platform that connects online sellers and buyers and allows them to buy and sell things. The fascinating feature of DHGate is that even if you only want to buy one product, you can buy in modest wholesale numbers.
Pros: It’s simple to place an order via DHGate, and the payment gateway is also very safe. You also have the option of enjoying higher kickbacks by joining their VIP Club. Built-in escrow service by the DHGate dropshipping business is a wonderful feature to protect consumers and sellers.
Cons: DHGate is a well-known dropshipping site with a large number of suppliers, particularly in fashion apparel and electronics. Most vendors in this category utilize the same stock photos for their items, making it difficult for shoppers to choose a product in these categories.
WholeSale Central, situated in Connecticut, is one of the most well-known dropshipping providers. They provide B2B services and use a single platform to connect you with hundreds of dropshipping providers.
Pros: The WholeSale Central website is completely free to use and navigate. Wholesale Central’s main goal is to assist wholesalers in finding retailers.
Cons: Because there are so few dropshipping suppliers in this area, locating them might be difficult and time-consuming. Since the website is based on an obsolete model, Wholesale Central does not provide any integration or selling options.
Modalyst is a business-to-business dropshipping provider that provides a big list of dropshippers in the United States and Europe who deliver quickly. Suppliers put a lot of effort into designing and providing high-quality and premium products, so you’ll see a lot of branding here.
Pros: Since Modalyst uses standardized methods and automated technologies, tasks such as tracking are simple. You’ll get access to a dashboard where you can skip the paperwork entirely. With its suppliers, the Modalyst is a dropshipping company that manages the commission rates and return policy. The supplier ships products to the company or to the customers in this case.
Cons: Modalyst, on the other hand, might be costly in terms of profitability. If you use the free plan, there is a 5% fee on every transaction. However, this fee decreases when you upgrade to a premium plan. Regardless of the selling price brands receive a 60 percent payout on the MSRP of their items. Shipping costs and times can fluctuate, which can be inconvenient for your customers.
Related Post: How to Make Money Dropshipping on eBay?
To sum it up
Hopefully, this article helped you see a clear road ahead of you now. To assist you, even more, we’ve compiled a list of more than 10 best dropshipping suppliers who can help you with any product category. Remember, for the time being, it’s wiser to stick to the best-performing dropshipping categories. However, feel free to try out new products throughout the holiday season. Good luck with your dropshipping!