The Dropshipping fulfillment model allows retailers to run an online store with ease and grace. To reap the benefits of dropshipping as soon as possible, let’s prepare and get a head start! Below are tips for retailers on how to set up your store to become dropship-ready.
Preparing your legal documents
Your business is awesome, and you can’t wait to introduce yourself to potential brand partners. We get it! Make sure your introduction is thorough and complete with documents like an EIN Number, your tax ID, and a former purchase order. These are documents many brands ask to see before establishing a dropshipping relationship.
Source for brands that are a good fit for your store
Next comes the fun part: Finding and choosing brands you want to work with. It is not just about finding the right brands for your store, but making sure that they offer dropshipping as well! Modalyst is a curated platform featuring hundreds of brands. For dropship retailers, we have a portal that will direct you to find brands that are pre-approved for dropshipping. This will help you save time and energy on finding qualified brands!
Present Your Dropshipping Contract
A dropshipping contract is necessary with all brands you would like to work with. The contract should outline commission split, lead times, shipping, etc, Luckily, Modalyst has a standardized contract for all retailers to use. Retailers no longer have to go through the headache of creating their own contracts!
Collect product information from the brands you are dropshipping with, and start listing them on your ecommerce platform! If you are a Shopify store using Modalyst, enjoy the convenience of one-click sourcing through our API Integration.
Market your brands and collect orders!
What’s awesome about dropshipping is that you no longer have to worry about fulfilling orders. Once your customer submits an order, send it your brand to fulfill. Spend the time that was previously used for running to post offices for marketing your brands! Invest in digital marketing on sites that interest your customers. This can be Facebook, Instagram, Reddit pages, and etc.
So what are you waiting for? Source, list, market brands, repeat!
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