How Taxes Work with DropSure Orders

Thinking about starting your own business but stumped on how to begin? Enter dropshipping, the golden ticket you might be in need for. Essentially, this is a business model in which you sell products through an online store without having to hold any physical inventory of the products. E-commerce is growing fast and dropshipping in Australia, meaning many people who want to become entrepreneurs can jump right into it without as much risk. We will break it down for you step by step and show you just how dropshipping works Down Under. What Is Dropshipping? Source: Oberlo Ok, lets simplify what Dropshipping is. You own an online store — only you never have to touch any inventory. No bulky boxes, no dusty warehouses or anything like that. Per its title, an uneventful dream. This is what the whole dropshipping it totally about. Here’s the play-by-play: Firstly, you open up a shop. Establish an e-commerce shop so that your clientele can browse and shell out for anything they want. Then, your customer shop with you. Someone comes to your site and places an order… awesome right? Next, the manufacturer steps in(Your secret weapon aka a third party supplier). They take care of everything right form packing to shipping and bammmm —- your product gets delivered directly in the hands on your customer. And your role in all this? You are the masterhead in between taking commission of how much you charge your customers less how much customer charged by supplier. It is about as nimble and streamlined a business model as you can get. Forget about stocking inventory and packing boxes, or dealing with logistics. It needs to be strategic, it […]

Curious about the cost of starting a dropshipping business in 2024? You might be surprised! Whether you’re keeping things budget-friendly or looking to scale quickly, this guide breaks down the key expenses you’ll need to plan for. From hidden supplier charges to the best marketing tactics, you’ll find out how to boost your profits while keeping costs down. Want to know how much (or how little) you might spend getting started? Dive in to learn more Start-up Basic Expense As you embark on your eCommerce journey, some expenses are unavoidable, whether you’re launching a dropshipping store or any other type of online business. Let’s explore some of the most common startup costs. Business registration and licence filling fees eCommerce platform and marketplace fees Domain and hosting costs Marketing costs Product sourcing costs ● Business registration and license filing fees “You might wonder: I just want to start a dropshipping side hustle—do I really need to register a business? While it’s not always mandatory, registering your business offers several benefits and protections. When creating a dropshipping business, business registration and license filing fees are an essential start-up expense. Depending on your location and business structure, these fees can vary. Typically, registering a business name and obtaining necessary licenses can range from $50 to $500. For online businesses, you might also need to apply for specific permits or licenses related to e-commerce, depending on local regulations. It’s important to research the requirements in your area to ensure compliance and avoid legal issues down the road. Tips: Choose the business license that matches your needs—like a Seller’s Permit for selling products or a DBA for using a different business name. Check local regulations or […]

  When it comes to starting a dropshipping business, choosing the right platform is essential for your success. Two of the most popular platforms in the e-commerce world are Banggood and AliExpress. But how do they compare? Which one is better suited for your dropshipping needs? In this article, we’ll dive into the specifics of both platforms, comparing their services, shipping times, product quality, and aftersales support. By the end of this article, you’ll have a clearer idea of which platform best suits your business goals. Let’s get started!   What is Banggood? Banggood is a Chinese-based online retail platform founded in 2006, focusing on providing a wide variety of products, including electronics, home goods, fashion, toys, and sports equipment. With a global customer base and a strong presence in the e-commerce market, Banggood stands out as a solid option for dropshipping entrepreneurs. Platform Strategy and Services One of the key features that makes Banggood attractive to dropshipping businesses is its efficient supply chain management. Not only does it offer direct sales to customers, but it also caters to global sellers with a dropshipping program. Banggood provides features like customized packaging, faster shipping, and integration with multiple payment methods. Additionally, it offers tools specifically tailored for dropshippers, such as Banggood Dropshipping Center, where sellers can easily source products and manage their inventory. User Base and Shipping Times Banggood serves a diverse international customer base, with strong market penetration in Europe, North America, and other regions. Shipping times typically range from 7-20 days, depending on the destination, and the platform offers various shipping options to suit different needs. One standout feature is Banggood’s warehouse system, which includes warehouses in the US […]