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Dropshipping

20 Best Dropshipping and eCommerce Blogs to Follow in 2024

Posted by | July 12th, 2021
Whether you're just now launching your dropshipping store or looking for an eCommerce marketing strategy to grow your store, it's essential to follow top blogs so you can stay in the loop about the latest millennial purchasing trends. There are different types of dropshipping & eCommerce content that you can use to take your store to another level. You just need to find the right blogs. That said, not all blogs are equally valuable, so you need to look for the ones where content is coming from industry experts and not a random content creator. To help you with that, we've created a list of the best dropshipping and eCommerce blogs to follow in 2024. We've also added a short section for beginners to understand dropshipping better. Let’s begin.

Dropshipping

What Are the 5 C’s of Marketing and How Do They Apply in Dropshipping?

Posted by Lilla Stefanovszky | July 5th, 2021
The size of the eCommerce market is continuously growing around the globe as the penetration of the internet is increasing and reaching more and more people worldwide. In 2020 the size of the global eCommerce market reached 4.28 trillion US dollars and is projected to grow by each upcoming year, reaching 6.39 trillion by 2024. From this tremendous amount reached in 2020, the footwear and clothing market accounted for the biggest share, namely 24.7%, and it is expected to continue holding its leading position in the years ahead. When looking at these numbers, there is no question that you would want to have your share of this ever-growing market. In order to succeed, you will need to get ahead of your competition and stand out of the crowd in order to attract your targeted audience. As the barriers for entering the dropshipping eCommerce business are relatively low, it means that new stores are popping up every day making the market highly competitive. When you are running a dropshipping business your supplier is the one taking care of your inventory and the whole fulfillment process, so you only need to focus on running your online store, market your brand and shop, and providing stellar customer service. In this article, we will dive deep into the marketing aspect by explaining the 5 C's of marketing and how they can benefit you when creating a marketing strategy.

Wholesale

What does MOQ Mean and How to Calculate It?

Posted by Lilla Stefanovszky | July 2nd, 2021
In the world of retail, having the right, and the right amount of inventory is a key aspect of your business. You would want to make sure that you always have enough stock when a product picks up so you are not losing the opportunity to sell and make a profit. But at the same time, you also want to make sure that you do not end up with overstock inventory that can hurt your profit margin. For this reason, you have to be careful when determining your Open To Buy (OTB) budget for each product based on historical data or the initial investment you are willing to make. Once you have your Open To Buy budget set, you can start the sourcing process. If you do not yet have a supplier you are working with, Minimum Order Quantity (MOQ) can be a good filter when choosing one. If you do have a long-standing relationship with your wholesale supplier, you are likely familiar with their MOQ, and depending on the relationship you have, you can negotiate some room for flexibility. In this article, we are giving you an overview of what MOQ means, what factors you need to consider when calculating it and how the calculation itself works. Also, we will provide you with some tips on how to make the most out of MOQs set by your suppliers.

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