If you already have taken some steps in this field or if you are doing your research before starting with things like dropshipping then you might know a lot already. While people have a general idea about dropshipping, they do not know the core functionalities and issues that they have to deal with.
As dropshipping is a business where you do not have to manage stocks, you are only managing orders, so you might be thinking about the maintenance of this business model. So, here we will be discussing all dropshipping being a low-maintenance side hustle or not.
Having your stores on huge online marketplaces you may have thought to start your dropshipping website as well. There are a lot of influencers and social media personalities who are telling their audience that dropshipping can make them a fortune in no time.
However, the reality is no way near like that. Although dropshipping brings great value, here we are only
talking about dropshipping as a side hustle.
When you are doing something different from your main business then the investment is a major concern. Most of the time people quit the idea of their side hustle only because they do not have the right investments to make.
However, when it comes to starting your dropshipping business as a side hustle while you already have your online Amazon, Shopify, or BigCommerce stores you know everything. You only need to implement your knowledge and, in this way, starting it as a side hustle is easy.
Scalability is the thing that matters the most whether you are starting a dropshipping business as your main business or a side hustle. The following things here matter a lot:
· The wide range of products you offer on your dropshipping website
· The flexibility of your dropshipping business model
· How you are managing your suppliers and orders
In your dropshipping business, all of it is in your hands and it makes you worry less about the business especially when it is a side hustle.
The main idea as well as the biggest of the benefits of dropshipping is that you do not need to manage inventory at all. Moreover, the need for managing staff is also less. So, if you develop a fully automated dropshipping website you may not even need more than one or two persons to manage your side hustle.
Although it will be a small start, it would be up to a great start as a side hustle.
While there are a lot of goodies about dropshipping business whether you start it as your main hustle or side hustle. There are a lot of harsh truths which most people do not tell, and most do not even know. To give a verdict about dropshipping business being low maintenance or not it is important to know all about these harsh truths.
So, the first one is that you are truly dependent on your suppliers. While you can get customers from all over the world if you do not have a worthy supplier then your side hustle will probably fail in no time. So, it is very important to find the right supplier.
It is something a lot of people do not want to talk about. Well, the competition is skyrocketing in the field of dropshipping as everyone knows how easy it is to earn with dropshipping. More and more stores are being made every other day and the competition is increasing.
It also means that the profit margin is getting tighter. Speaking of maintaining it as a side hustle, it is a huge fact that affects the maintenance of your dropshipping business. More on it later.
The maintenance of your business is not all about yourself and your business model. You also have to bring value to customers, and it is not possible here. Well, you can bring some technical support to help with the queries and issues of your customers. If some customer wants to get a replacement or refund, then it is not very efficient. It is also a major factor affecting the dropshipping business.
People think that they can start their dropshipping business as a side hustle but what they do not care about are the maintenance and other factors. When it comes to starting the dropshipping business things are very easy.
Especially when you have companies like DOBA where you easily get the suppliers to start your business. At the same time, it is important to consider the following factors:
· As you know that the competition is high, sometimes you may have to pay from your pocket to keep this dropshipping side hustle. It means that you are doing the maintenance by yourself instead of the business bearing its expenses.
· When it comes to customer support you may need to manage things that will increase the overall maintenance of your business.
· You always need to maintain your suppliers unless you have some reliable supplier management platform like DOBA available
In the light of these facts, one can say that dropshipping as a side hustle is a low-maintenance business. However, it mainly depends on how you manage things.
Dropshipping as a side hustle can be very low maintenance if you know your resources from the very beginning and make good use of each of them. Things like automation and reliable suppliers can make the whole thing pretty simple for you.
With only a few tweaks on the website needed your side hustle will never need any maintenance if you develop it well. At the same time, others of your worthy dropshipping resources will maintain your business so you never have to worry about it needing high maintenance.