What is dropshipping? How to work and automate sales in dropshipping?
Dropshipping is a sales model where an online store only handles the sale of goods. Suppliers store the goods in their warehouses and deliver them directly to customers. The profit of the online store consists of the difference between the retail price on the website and the cost of the product set by the supplier.
For some entrepreneurs, this model is an opportunity to open their own online store without handling the delivery and storage of goods. All that remains is to create a website and attract customers.
To successfully run a dropshipping business, reliable strategies are required to help entrepreneurs start with minimal risks and obstacles.
The Torgsoft program allows you to manage any business. With it, you can automate many routine processes in dropshipping, saving the owner time, health, and money.
Inventory management
Torgsoft makes it convenient to keep track of inventory if you are a dropship supplier. The system stores a list of your partners and intermediaries, along with their commission rates or sales reward amounts for your products.
To provide your partners with up-to-date information about products, prices, availability on the site, and delivery conditions — set up synchronization between the software and your online store.
Torgsoft allows you to manage sales from a single accounting center. The program automatically sends notifications about low stock at the supplier's warehouse or the need to place additional orders to meet demand.
In addition, the program enables you to manage inventory, conduct stocktaking, and reprice the assortment.
Order and profit tracking
The most challenging aspect of dropshipping is the method of settlement between the customer, dropshipper, and supplier. There are two schemes: first — the supplier pays the online store a commission for the order, second — the online store sells the product with a markup, sends the money to the supplier, and keeps the difference.
Torgsoft allows you to process customer orders, notify them of payment status, for example, via SMS, email, or Viber. The program also calculates payments to suppliers or commissions to intermediaries, factoring in the percentage of earnings.
Customer management
The CRM system in Torgsoft helps manage customer records and contacts, handle orders, track their status, and share information with your partners and customers.
Relationship with regular customers
Through the accounting software, you can provide individual access to the product database for regular customers using the "Electronic Catalog" feature. Thus, even if you don't have an online store, your customers can receive up-to-date product data and individual prices, and they can place orders that will automatically appear in your program.
The program allows you to track intermediaries and manage payments with them: input their bank account details, location, contact information, and set the commission for selling products.
Delivery and return conditions
The software allows you to send goods directly from the warehouse or store, create shipping documents for Nova Poshta and Ukrposhta.
Integrations
Torgsoft can synchronize with any business services and marketplaces to scale your dropshipping business: Torgsoft Online Market, Prom, Rozetka, software ECR, Binotel, Turbosms, etc. Learn more about dropshipping at this link.