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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.

With the ever-growing digital technology making it possible for shopping experiences to evolve to an incredible degree, people have been offered faster and more convenient ways to purchase goods. That being said, nowadays, a great majority of consumers tend to lean more towards online shopping and prefer to buy from eCommerce stores rather than from brick-and-mortar ones. According to Statista, by the end of 2025 online retail sales are expected to surpass 7 trillion USD, while today they stand at 5.5 trillion USD. Among the numerous eCommerce business models available to entrepreneurs, dropshipping is certainly one of the most popular ones as it's a less risky model that doesn't require you to deal with inventory or shipping. These tasks belong to your supplier. One of the easiest and most popular ways to set up a dropshipping store is by using WordPress, a CMS (Content Management System) that enables dropshippers to build and manage your business with a breeze. So, read along to find out how to start dropshipping with WordPress.

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.