Four Reasons Dropshipping is Online Retailers Secret Weapon

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1 Four Reasons Dropshipping is Online Retailers Secret Weapon WHITE PAPER

2 Dropshipping isn t just for startups You ll be shocked to hear that Nordstrom a notoriously brand-obsessed company utilizes dropshipping. But why do so many ecommerce companies believe that dropshipping is a solution only for startups, when even giant retailers like Nordstrom are proving that dropshipping is effective in scaling established business? Today, the world of business evolves at light speed. And if you aren t keeping up, then you re falling behind. The bad news is, that ll cost you. The good news? You can consider a dropshipping strategy to thrive in this hyper-competitive era of entrepreneurship. You ll thank yourself and Crux in the years ahead. 2 Request a demo of Crux Connect

3 WHY SUCCESSFUL RETAILERS DROPSHIP 1. Eliminate Inventory Overhead 2. Manage Seasonal Flow 3. Increase Product Assortment While Minimizing Risk 4. Leverage Technology to Minimize Opportunity Cost Request a demo of Crux Connect

4 REASON 1 TO DROPSHIP Eliminate Inventory Overhead There s a world of difference between successful and flawed product pricing. Because any small increase in margins can go a long way. Retail giants like Walmart and Amazon offer vast product selections at competitive prices and levels of hyper-convenience that are hard to beat. And it s these many variables that increase risk and ultimately affect the sale of products. These risks make it nearly impossible to forecast how each variable will impact the bottom line. HOW DROPSHIPPING DELIVERS With dropshipping, inventory overhead becomes a thing of the past. You eliminate the need to test products that won t sell and you eliminate the need for a massive warehouse, liquidation strategies, and a shipping logistics program. Problem solved. 4 Request a demo of Crux Connect

5 REASON 2 TO DROPSHIP Manage Seasonal Flow Seasons come and go, of course. But that affects more than whether you should wear white to work the season can affect your entire inventory flow. And to stay in sync with customers needs, you need to accurately predict how their needs will vary based on weather patterns. Tracking and predicting peak times and days is key in so many business functions: planning marketing campaigns, regulating staffing levels, and adjusting general operations. But with shipping challenges, adjusting is easier said than done. HOW DROPSHIPPING DELIVERS Dropshipping alleviates these seasonal challenges by helping you pivot as quickly as customers needs change. Because ecommerce is evolving at such a rapid pace, agility is more critical than ever. 5 Request a demo of Crux Connect

6 FACT FACT A single-day shutdown in New York can add $700 million in total economic costs, including $152 million in lost retail sales 1 Did you know that on average, over 16% of weekly revenue is generated on a Monday? 2 FACT FACT 8:00 pm is online shopping prime-time 2 An imminent storm will drive consumers to purchase essentials and groceries Request a demo of Crux Connect

7 REASON 3 TO DROPSHIP Increase product assortment while minimizing risk When it comes to bulk purchasing, retailers aren t willing to throw caution to the wind. More often than not, they re overly cautious when deciding on a new product making them more likely to offer fewer products and limit their selling potential to avoid the risk of excess inventory. They d rather be safe than sorry. Tradition says retailers should test a product with their established customer base and measure the response. Today, retailers are slashing risk by using dropshipping. American families repeatedly buy the same 150 ITEMS HOW DROPSHIPPING DELIVERS Dropshipping technology cuts down on the time and cost of onboarding suppliers. And, it gives retailers the opportunity to test a new product without any risk. With no need to warehouse the product themselves, they can jump into the marketplace fray unburdened by inventory. Agile and competitive take on a whole new meaning. 7 Request a demo of Crux Connect

8 REASON 4 TO DROPSHIP Leverage Technology To Minimize Opportunity Cost The bigger your business, the bigger the consequences of every choice. Ironically, it can make decision-making feel harder over time, not easier. With the right technologies, retailers can minimize the opportunity cost by getting the most out of every decision. Over time, they ll become better at adapting to the changing landscape of ecommerce. And with every penny impacting the bottom line, retailers really can t afford not to use technology that streamlines business. HOW DROPSHIPPING DELIVERS Dropshipping is today s solution to complex shipping needs. With dropshipping management technology, risk is minimized and flexibility increases. Dropshipping is about seamlessly connecting the goal with the solution. 8 Request a demo of Crux Connect

9 Why Crux? For fifteen years, Crux has brought retailers and suppliers together. We're movers. Networkers. Key Players. Rapid-fire thinkers. We put our connections to a higher purpose. We find solutions and build fresh ones where they never existed before. As the top dropshipping vendor management platform in online retail, we think bigger so our clients can go bigger. We connect the dots. The data. The dealers and the deals. We do more than manage vendor connections. We've built a platform that helps every client build their business. We help retailers and suppliers find each other and forge the best partnerships. We've shaved the onboarding process from months to days. We've anticipated the best ways to integrate with third parties. We've created a simple Dropship Management Solution. We've put the full-service order lifecycle in one place. End to end. Products to profits. It s time to meet your connections guy. Connect with us sales@cruxconnect.com