How Much Money Can You Make With Dropshipping?

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Dropshipping is a smart and growing form of e-commerce that has enabled many smaller merchants and entrepreneurs around the world to get started with their stores – without the upfront expenses or time commitment to logistics that are generally required for successful ventures. You can’t do it alone, of course. To be successful, you need reliable partners to do the heavy lifting with dropshipping. Otherwise, you end up with order fulfillment headaches, irate customers, and everything quickly descending into chaos.

MyyShop is a relative newcomer to dropshipping but is already making its name as a dependable and affordable dropshipping partner for merchants in the U.S., Europe, and elsewhere. The service provides access to a well-stocked and varied marketplace of products that can help you start, establish, and grow your store without the commercial pressures: no renting warehouse space, managing inventory, packaging products, or arranging to ship. MyyShop looks after all that for you, so that you can focus on the parts of the business that really need your attention – like sales and marketing.

About MyyShop

MyyShop is a Software-as-a-Service (SaaS) based platform, incubated by DHgate. It provides one-stop trustworthy, convenient, and accessible tools and services in online store creation and advanced dropship services. We are committed to helping global users establish online businesses with ease.

About DHgate

Founded in 2004, DHgate has become one of the leading B2B cross-border e-commerce marketplaces in China. Through our global operations and offices, including in the USA and UK, we reach millions of people with trusted products and services. In 2019, DHgate served more than 28 million registered buyers from over 220 countries and regions, by connecting them to over 2.2 million suppliers in China and other countries, with over 23 million products.

Competitive SaaS Services and Tools

MyyShop’s convenient services enhance the customer experience. It carefully researches and quality-checks each supplier and shortlists top products from manufacturers directly, ensuring a sufficient supply of high-quality products at competitive prices. Currently, the platform offers over 10,000 products, covering consumer electronics, home, and outdoor sports. MyyShop’s ten warehouses worldwide enable products to be shipped from the nearest warehouses to customers directly, significantly reducing costs and improving efficiency. More than 60% of the products on this platform are shipped from warehouses in the US and Europe. Moreover, MyyShop provides a premium return and exchange policy for paid users and offers 24/7 customer services in multilingual support, including English and Spanish.

MyyShop’s in-built smart tools also boost productivity and efficiency. Its’ SaaS-powered website builder can help users start an online business quickly and with ease. Users can import products from MyyShop with automated syncing of price and stock to Shopify and eBay. The AI-based product recommendation function can also identify products with higher profits and better sales, helping users stay ahead of peers. What’s more, it can help users select the most suitable logistics solutions based on compelling AI and big data.

Driven by the integrated services and tools, MyyShop looks to redefine one of the key offerings, the dropshipping business. With more resellers switching to this business, the global dropshipping market size is expected to reach USD557.9 billion by 2025, recording a CAGR of 28.8% growth from 2020 to 2025, according to Grand View Research. This lucrative business allows users to seize opportunities. They can easily add products from MyyShop to their websites or e-commerce platforms and set prices with incentives. When resellers receive orders from customers, they pay the wholesale costs, and sellers drop-ship orders directly to their customers.

What Can MyyShop do For You and Your Store?

Most merchants encounter significant challenges to setting up a new store. Not only are most markets very competitive but startup costs can mount up. The customer experience is everything with eCommerce and this also accounts for plenty of sleepless nights for merchants. MyyShop can help you reduce that cost burden, while also setting your mind at ease by providing high-quality products and suppliers, and efficient supply system, rapid fulfillment of orders, a well-developed and proven full-channel logistics system, and reliable after-sales service.

MyyShop suppliers are carefully researched and quality-checked with top products from manufacturers short-listed. Prices are extremely competitive, saving important dollars for your business as it gets going. The marketplace features over 150,000 products with this number growing daily. At present, there is a special focus on consumer electronics, home, and outdoor sports products but the number of product categories is growing too. And, with products shipped from more than 10 warehouses in the USA, Europe, and elsewhere, fast local dispatch and delivery are assured.

Myyshop Features

  • The large marketplace of verified manufacturers
  • Access to competitive wholesale prices for products
  • Easy to find and import high-quality, profitable products to your store
  • Discover sales trends, and track and analyze the competitiveness of products
  • Automated syncing of price and stock to Shopify and eBay
  • Premium return and exchange policy for users
  • MyyShop takes responsibility for the exchange or refund of products if quality issues arise
  • Under some conditions, products can receive refunds without a return
  • Connect only to verified and reliable global manufacturers in a variety of industries
  • AI-assisted product recommendations to help identify profitable new products to grow store revenues
  • Shortlists of products and recommended prices by sales volume, price, and region, etc.
  • 24/7 live WhatsApp customer service offered with multilingual support (including English and Spanish)

Myyshop Pricing?

MyyShop is priced at$16.66/month, which is billed once per year at $199.90. This plan allows you to import up to 1,000 products. A “lighter” monthly plan is also available, which allows up to 500 imported products and provides email support. This is priced at $9.90 per month or $26.90 for three months.

Why Get on Board with Dropshipping?

The future for e-Commerce has never been brighter. Nationwide lockdowns and travel restrictions during 2020 and 2021 have driven more people online to do their shopping. There is still a window of opportunity for ambitious merchants to take advantage of a growing trend towards e-commerce that is not set to reverse any time soon.

The global retail e-commerce market size is expected to reach US$6,297 billion by 2024, growing at a compound annual rate of 12.62 percent (source: eMarketer). Grand View Research also estimates that the global dropshipping market will be worth US$ 557.9 billion by 2025, recording a compound annual growth rate of 28.8 percent between 2020 and 2025.

Who Should Consider Using MyyShop?

The opportunities for micro-businesses, small and medium enterprises, and ambitious individuals who want to create new streams of passive income are clear. Dropshipping is the way forward – but at the same time, merchants are understandably and rightly wary of who they partner with. Because dropshipping can be so lucrative, many services out there are looking for a slice of the action. Yet they offer sub-standard services – and not just businesses from China. Dropshipping services all over the world fail to deliver what they promise and turn logistics into a lottery.

Being careful with your selection of partners is wise. There are many “moving parts” at play when fulfilling orders. Get it wrong with a customer once and that customer is unlikely to come back. The market is competitive – buyers have options and they will simply go elsewhere. It seems like a waste of your time and effort to take orders; only for your dropshipping partners to let you down. All of those energies going towards marketing and selling products only for third parties to gazump you. Do your research and find reliable dropshipping services that boost your reputation – not ruin it.

MyyShop is designed to do that, helping you not only retain existing customers but grow your store through smart product selection and a superb back-end experience. It helps you get off to the right start and maintain momentum with your store once you’re up and running.

 

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