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Welcome to Sourcing.Eco and congratulations on taking steps towards a more sustainable future of international trade and production. Sourcing.eco is the first sourcing sustainability platform that connects factories, traders, and importers, enabling them to share data that benefits each ecosystem actor while incentivizing sustainability practices in production and purchasing behavior.
The name of the platform speaks of itself as the intention to be the world’s largest one-stop solution for ecological and sustainable sourcing for international buyers and direct i
“Of course, change requires change. Until there is a felt need for change, it is only an event not a pattern”
2020 has been a hard year for both Businesses and Individuals. And Global Sourcing is one of those Businesses. This pandemic has affected all aspects of our lives. The way we interact, the way we meet, the way we purchase, and especially the way we travel. It has not just changed but we can say it has stopped us from traveling to another country, even to another city. This is a very alarming condition for businesses that have to deal with international suppliers. Coronavirus made it very difficult for a business to choose authentic and trustworthy suppliers.
COVID-19 has shown us the risks of Sole Sourcing. During this pandemic relying on one supplier may result in unfavorable outcomes due to the restriction imposed by
Dropshipping Business during Coronavirus in 2021
Coronavirus has impacted everyone's business as well as our economy. But at the same time, due to this pandemic, more and more people are becoming aware of online stores and prefer to buy things online instead of going to a physical shop or store.
Moreover, a research which is one of dozens shows a massive increase in the numbers of online shoppers due to Covid-19. So you, as a drop shipper, can take advantage of this fact.
You can generate more and more sales by following the effective strategy of dropshipping, which will increase your revenue as well as profit.
So if you are thinking of starting a dropshipping business in 2021, then read this article till the end. Here we will provide you with complete information about the benefits of dropshipping and the risks involved in dropshipping business.
What is Dropshipping?
Dropshipping is a retail fulfillment method. In simple words, it is a business in which the seller doesn't need to store products in inventory.
The seller firstly takes an order from the customer then seller purchase the product from the third party and ships it directly to the customers.
Seller usually charges a bigger amount than the factory price. So the seller can make a profit on every product sold by him.
Sellers mainly source products from China and then sell them in countries like United States, United Kingdom, Canada, etc.
There are various benefits of dropshipping, and at the same time, there are multiple risks involved in it. Below we have discussed the benefits and risks of doing dropshipping, especially during the Coronavirus.
Benefits of Starting a Dropshipping Business during Covid-19
Dropshipping is an excellent business, especially for young entrepreneurs. It allows you to test different business ideas with not much of investments and downsides.
There are various reasons why you should start a dropshipping business in 2021.
1. It is Easy to Start
Currently, in the time of this pandemic, many people have lost their job, and many businesses get shut down. Due to this, more and more people are searching for new jobs or thinking of starting a new business to fulfill their needs.
However, to start any business, one needs the proper knowledge, a good amount of investment, and a lot of time. But this is not the case with Dropshipping business.
Anyone with a basic knowledge of the internet and have eager to learn something new can quickly start a dropshipping business just by spending some time learning