Category: Business

How Dropshipping is Revolutionizing E-Commerce

Dropshipping is a business model that enables companies to sell products to customers without ever having to physically stock the items themselves. Reducing the overheads that come with having a large inventory, it allows independent businesses to test and trial new merchandise without the pressure of jeopardizing a large investment.

How Dropshipping Works  

The first step is to seek out a supplier (which can be done independently), or through an integrated app, which has a database of thousands of suppliers. Once the desired product has been found it can then be uploaded onto your store. When purchased, the item will be sent directly from the supplier to the customer; all the business owner needs to do is check that the order details are all correct.

Why Dropshipping is Such a Valuable Resource 

The benefits of dropshipping are multiple, especially for small to medium-sized businesses, since the model is accessible, fast-acting, and versatile. The list below outlines just some of the ways in which it is revolutionizing the e-Commerce marketplace.

  1. Fewer Overheads

Dropshipping reduces the costs of warehouse rental, as well as the investment of a large stock of inventory. The latter is particularly important as the effects of poor inventory management can have many detrimental consequences, from poor customer service, to impeding accurate planning and strategies. Businesses using dropshipping have increased freedom of movement since they are not tied to a physical stockpile; an owner can run their business from their kitchen table, providing there is a good internet connection.

  1. Scalability

In order for a business to grow it needs to continue to meet the demands of the market.  However, this can be challenging since these demands are always in flux. As tastes and trends change, so must a company in order to maintain relevance and market share. Although small businesses have the largest potential for growth, many fail to scale, since scaling is traditionally a resource-draining enterprise. Leveraging dropshipping allows businesses to scale more freely as it reduces the risks that come with inventory investments.

  1. Less Upfront Capital

Dropshipping allows businesses to sell products online with relatively small upfront costs, making it much more accessible. Since a company is not committed to selling any inventory upfront, there is little risk involved, making it possible to start a retail business without much capital.

  1. It Makes the Perfect Testing Ground

With companies spending over $45 billion annually on market research, knowing what a customer wants has never been more important. Dropshipping does not have to make up the entire product range offered, rather, it can be used as a way of testing the potential interest customers would have in a new item or range. For example, a women’s clothing brand might use dropshipping to test the market for expanding into accessories.

  1. Streamlined E-Commerce

From managing the warehouse to packing and shipping orders, dealing with returns, and staying on top of older stock, the daily management of an online store can be draining. Dropshipping allows business owners the time and resources necessary to focus on product development, business goals, and long-term growth.

How Secure is the Cloud?

Data backup and protection is imperative for any business, large or small, and the Cloud is one extremely popular and efficient method of securing and backing up relevant data on a regular basis.

What is Cloud Backup?

Cloud backup is a form of software that provides a remote and online backup service, providing an easy solution for those businesses who wish to backup their data without the need for manual backup systems. Alternatively, many use the Cloud backup as an extra precaution alongside any manual backup activity.

Cloud backup is a substantial option, as it provides easy, remote, and online access to all business data, which has been backed up, meaning the Cloud is a fast solution that can back up at high speeds, as well as provide instant access.

Cloud backup is also a key method for business data recovery, as any data stored in the Cloud can easily be restored, often at the click of a button.

What are the Benefits of Cloud Backup?

  • It avoids the need for extra business costs. Using existing software and infrastructures from dependable Cloud suppliers, like the Checkpoint Capsule Cloud, means that you can take advantage of existing and secure networks to backup your data, eliminating any extra expense for on-site data backup or supplies.
  • It’s reliable and fast. Restoration of data from the Cloud can be instant, meaning if the worst happens and data is lost, it won’t be a huge disruption to your business in having to wait for data to be restored.
  • It is a low-cost solution.
  • It saves time compared to manual backup efforts on-site.
  • It inspires more productivity. Easy Cloud backup means more time for employees to spend on other tasks rather than worrying about backup.
  • It lowers the risks and vulnerabilities associated with manual backup. A manual backup will see businesses keeping stock of tapes that have their data stored on. These physical tapes can easily be accessed, stolen, or destroyed in the event of emergencies such as fires.

How Secure is the Cloud?

With the increasing popularity of the Cloud and it being the go-to solution for data backup, it’s natural for businesses to worry that it would naturally be the first point of call for any hackers or cyber threats. This leads to questions regarding how vulnerable your data might be when stored in the Cloud.

When data is secured in the Cloud, it comes with secure encryption technology, meaning the best efforts are always maintained to protect data. Data will require specific keys and access data to be able to view business information. This means that anything stored in the Cloud is just as well protected as business data stored with adequate security and network measures on-site.

Furthermore, Cloud services can easily be upgraded based on the level of security you desire. Larger and more substantial Cloud systems can offer a broader and larger range of protection and security measures, making the Cloud a flexible and tailored solution for data storage and security needs.