Dropshipping is a quick and easy way to set up a new ecommerce business with limited overhead and low initial investment. As such, its popularity is booming, and more and more sellers are entering the marketplace. The dropshipping industry is estimated to be worth $557.9 billion by 2025.
However the low barrier to entry does have a downside. Multiple dropshippers can all sell the same product, and that increases competition in an already competitive market.
As a dropshipper, how do you avoid being undercut by the competition and losing sales? Or avoid slashing your profit margin to remain relevant? In this post, we’ll explore ways that dropshippers can outperform rivals and come out on top.