The biggest difference between dropshipping and the standard retail model is that when it comes to dropshipping, the person marketing and selling the product doesn’t own the stock.
Here’s an image to explain how it works:
Why Sell Bracelets Online?
E-commerce jewelry sales are drastically transforming the industry making it worthwhile to sell bracelets online. Pandora, a popular jewelry brand known for it’s charm bracelets, increased its sales by 40% year over year paving way for online jewelry retailers to dive into the bracelet market. The bracelet niche includes charm bracelets, bangles, wrap bracelets, tennis bracelets, energy bracelets, and medical bracelets. Store owners can also expand their bracelet business into other categories such as jewelry, accessories, and fashion allowing for further growth. The low price point makes it easier for store owners to have high-profit margins off of their bracelet store.
Why Dropship Bracelets Online?
When dropshipping bracelets, you can test different styles with no risk. Store owners also have the freedom to diversify their product collections with other jewelry such as necklaces without having to buy any bulk inventory. By dropshipping bracelets, the cost of shipping goods to your customer is significantly lower than if you had to pay international shipping because you chose to wholesale bracelets. Dropshipping bracelets also allows you to scale your business quickly as you don’t need to wait for inventory to arrive and you don’t need to package and ship goods yourself.
Advantages of Dropshipping
Upfront Costs. As an online retailer, you have a virtual store and dropshipping allows you to have a virtual inventory too. This way, you don’t have to outlay mountains of capital to buy products in bulk or meet minimum purchase requirements and you don’t have any warehousing costs either.
Dropshipping and Shopify. Shopify makes it really easy to make sure your orders get to your drop ship supplier. Your dropshipper will receive the order information as soon as an order is placed and lets your supplier know to send items. There are even apps that will let you sync your inventory with your dropshipper.