Should I Build or Buy a Drop Shipping Store?
Are you considering starting a drop shipping business? One of the biggest decisions you'll face is whether to build your own online store or buy one that's already established. In this article, we'll explore the pros and cons of each option to help you make an informed decision.
Build a Drop Shipping Store:
- Complete creative control: You can design your online store exactly how you want it to look.
- Unique branding: You have the opportunity to create a unique brand that stands out from the competition.
- Lower upfront costs: Building your own store can be cheaper than buying an established one.
- Personal satisfaction: There's a sense of pride that comes with creating something from scratch.
- Steep learning curve: Building a store from scratch requires technical skills and knowledge.
- Time-consuming: It can take weeks or even months to build a functional store.
- No immediate income: You won't start making money until your store is up and running.
- Higher risk: There's a greater risk of failure when starting from scratch.
Buy a Drop Shipping Store:
- Immediate income: You can start making money right away.
- Established audience: An established store comes with a built-in audience that you can leverage.
- Proven track record: An established store has already proven its viability in the marketplace.
- Lower risk: Buying an established store is less risky than starting from scratch.
- Limited creative control: You may not be able to customize the store to your liking.
- Higher upfront costs: Buying an established store can be more expensive than building one.
- Branding limitations: You may be stuck with the previous owner's branding.
- Hidden problems: There may be underlying issues with the store that you're not aware of.
Ultimately, the decision to build or buy a drop shipping store comes down to your personal goals, skills, and budget. If you have the technical skills, time, and patience to build a store from scratch, it may be worth the effort. However, if you're looking for a faster, more low-risk option, buying an established store may be the way to go. Either way, do your research and carefully weigh the pros and cons before making a decision.
Anton from Dropship Lifestyle is in Atlanta for a Shopify event and in this video, he will talk about whether to build your own store or buy an existing one.
Should you build or buy a store?
- For most people, it's better to start from scratch and build your own store.
- Buying an existing profitable e-commerce store can be expensive, as they are sold at a multiple of their net profit.
- If you have the knowledge and skillset, you can build a profitable store in 6-12 months and have an asset worth a lot of money.
- Buying a store can be a good idea if you find a good deal, like an underpriced asset or a neglected business with potential.
- Avoid buying turnkey businesses or pre-built stores, as they are just copied templates and will not make you any money.
Building your own store is usually the better option, as it allows you to have control, learn new skills, and have a valuable asset. However, there are opportunities to buy a store if you find a good deal. Just be cautious and avoid scams like turnkey businesses.
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