Drop-shipping is a hassle-free business model where you sell products without holding inventory. When a customer places an order, you pass the request to a supplier who ships the product directly to the customer. This approach minimizes startup costs, reduces risks, and allows you to focus on sales while suppliers handle storage and shipping. Perfect for entrepreneurs looking for flexibility and scalability!
MavenCore Drop-shipping refines the process further by finding and managing customers – you don’t need to do any marketing or advertising since we have ready orders for you to fill. We provide you with a list of required products which you acquire from manufacturers and ship them to our store in Nakuru, Kenya. Our customers mostly buy equipment or work-related materials. Unique technologies that distinguish businesses from competitors are particularly highly sought after. They also fetch good money leading to higher profits for drop-shippers. MavenCore inspects items once they reach our store before delivering them to clients leading to minimal customer complaints and returns.
The personal traits we look for in potential MavenCore drop-shippers
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- Has capital
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- Has patience
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- Has online transaction skills
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- is Financially savvy
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- Is quick to learn new things
How much Capital ?
You need money to buy the items from the manufacturers. On top of that, you also need to pay for shipping and clear customs so that the items can reach the MavenCore shop. For example, if you are drop-shipping a car wash machine, costing $250, you also need to have $100 to cover the shipping and customs fees.
Patience
As you will soon discover, sourcing products is a time consuming process. Typical timelines include 3-7 days for item preparation by the supplier and approximately 45 days for shipping (by sea). So each order can take up to two months from the time you pay the supplier to the time you receive customer payment. Te good news is that each sale earns you approximately 50% profit.
Online savvy
In the drop shipping business, you will be doing many activities online including finding products, evaluating them, paying for the products and related services. You need to know where to order items, how to evaluate different offerings, how to make payments and how to ensure the supplier delivers the products as promised. MavenCORE provides various guidelines to help you improve your online transaction skills including a detailed guide on how to attract the best suppliers on B2B platforms, how to use escrow services properly and standard shipping procedures.
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