Dropshipping is a business model that has become extremely popular over the last 10 years. We have all heard opinions, both positive and negative, about this way of doing business….But, which of these ideas about dropshipping are true? We tell you in this post.

Myths vs. Reality about dropshipping

Below we tell you some of the most widely repeated opinions and statements about dropshipping, although many of them are not true and you’ll see why.

Like everything, some people love dropshipping and some don’t. If you have doubts about setting up your online store and starting your dropshipping business, don’t miss this post in which we tell you what lies behind all the myths.

Myth 1: The products are low quality

Most people associate the idea of dropshipping with low quality products from China. For that reason, people say the products are poor quality. The problem isn’t that the products are from China, but that dropshipping from China with direct shipping to the end customer does not meet European quality standards. However, this isn’t always the case. There are companies, like BigBuy, that guarantee high quality products that meet all the European quality standards, whether they come from China or any other country. All the products come with CE certification.

In the BigBuy catalogue, you will find over 5000 brands, many of them being premium brands like Smeg, Sony, Philips, Nike and many more.

Myth 2: It’s a scam

One opinion about dropshipping is that this type of business intends to scam people and keep their money. In reality, they are businesses like any other and, therefore, most are concerned about ensuring all their documents are in order and work hard to ensure their customers are satisfied.

Myth 3: If you do dropshipping, you are going to make a fortune

We’ve seen more than one picture of someone that does dropshipping leaning on a Ferrari and telling you that if you do dropshipping….this could be you in no time. But, we are sorry to tell you that this is a MYTH. No one becomes a millionaire overnight, it’s impossible!

Dropshipping is another business model and, therefore involves starting up a business and working hard. Starting up a business is no easy task, it requires constant work, effort and investment in terms of time and money. In this case, the monetary investment is lower than in other models, since you avoid the costs of buying and storing products.

Don’t get carried away by false ideas about dropshipping. If you want to start up your own business, do some thorough research about everything it entails.

Myth 4: There are no profitable niches left

Statics image about niches

Is it no longer profitable to do dropshipping in 2023? Are all the niches overexploited?

Is it a risk worth taking? Dropshipping continues to be profitable in 2023 and will continue to be for years to come, according to research and statistics.

Whether it is profitable or not depends on the decisions you make as an entrepreneur. In part, the following factors will determine the success of your business: the choice of supplier, pricing strategy, the market you are going to sell in, the channels you are going to sell on, the marketing strategy, ecommerce knowledge and customer service.

To find out which niches are profitable for 2023, don’t miss this post where we tell you which products are worth having in your business.

Myth 5: I don’t need to make any investment

It is true that the investment required for dropshipping is much lower than if you had another type of business. However, you do need to invest a minimum amount of money (or have the knowledge) to be able to set up your store, make it work and advertise yourself to potential customers.

One of the biggest advantages of dropshipping is that you save on the costs of buying products and storing them, since you don’t need your own warehousing. Your supplier will send the products to your end customer, without going through you.

Conclusions to start your own dropshipping business in 2023

Try, try and try again: You won’t know whether it will work unless you try it. It’s a good idea to do some thorough research before you start out on your adventure of managing your own business. Ideas about dropshipping vary widely and you need to know all the versions.

Our advice is to find a reliable supplier. BigBuy is the comprehensive partner to boost your online sales, with over 10 years of experience in the market. We offer you:

• Over 200,000 products and 5,000 premium brands.
• Fast shipping, you don’t need to wait a month to receive your dropshipping order.
• Products with European quality certificates.
• Integrations with over 200 online sales channels (marketplaces, ecommerce platforms…)