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Carrying overstock inventory is a necessity for businesses operating in the retail industry whether they are eCommerce or brick-and-mortar. Regardless of how carefully you plan your wholesale purchases based on historical data, you might end up with excess inventory. Unfortunately, this can be a serious issue for businesses of any size. In our previous article about wholesale sourcing mistakes and tips, we have already written about the dangers of overstock inventory. If you want to do your best and try avoiding ending up with overstock inventory, head over to that article. But if you already have some overstock that you need to get rid of, do not worry. It happens with all stores, therefore, we created a guide for you on how to deal with overstock inventory. You will also learn how to minimize your losses and sell your stock at a price point where you still make money. This way you will ultimately be able to improve your bottom line.

As an eCommerce store owner, you would never want to hear that a customer wants to return their purchase. Dropshipping returns can be your worst nightmare and make you feel that the customer did not have a good experience with your product or service. But not to worry, you can still make a good impression when handling the return and potentially earn a returning customer to your store. As the business owner who is representing the store, it is always important to keep things professional. Have a positive mindset every time you have to deal with a dropshipping return and provide the best service possible to your customer. This way you can not only turn your upset customer into a life-long one but can also avoid negative feedback and comments on your social media channels. You would want positive feedbacks as your social media is one of the key building blocks for your marketing strategy. Returns and refunds are an essential part of each business regardless if it is a dropshipping or brick-and-mortar store. Handling these issues is not easy especially if you are a dropshipper, this is why we created this guide to help you. This article will guide you through the key points of how to handle returns when dropshipping and create a clear dropshipping return policy.

Dropshipping has become a hot topic in the past decade among eCommerce entrepreneurs. This is clearly shown by how much the dropshipping market was accounted for in 2019. In 2019 it was valued at $162.44 billion and was projected to have a steady growth over the years. The projected compound annual growth rate of the dropshipping market is 18.3%. Whit this growth rate, it can achieve a value of $591.77 billion by 2027. This business model helped many first-time entrepreneurs to enter the online marketplace. The reason for this is that starting a dropshipping business requires a relatively low initial investment. Together with not holding stock, these impose low risk for the person operating the store which is a huge advantage. Also using dropshipping you can focus solely on marketing the aspects of a sale of your business. Your supplier will handle your inventory and the fulfillment process. So, this allows you time to learn and excel in sales and marketing first.