5 Tips to Start a Dropshipping Business in Europe
SourcinBox - Dropshipping Agent & Sourcing Supplier
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Is Dropshipping Profitable in Europe? ??The European e-commerce market is becoming more and more attractive than ever due to its consumers' high purchasing power, good online shopping popularity, diversified population, and more. ??Dropshipping can be a profitable model to sell in Europe especially when focusing on high-quality and customized products.??
Staying ahead of the competition is crucial for a successful dropshipping business in Europe. Let's follow the important tips below to get started!??
1. Focus on a Single Niche or Product
The top 3 categories of the Europe marketplaces according to Cross-Border Commerce European are Fashion & Jewelry & Baby (22%), Art & Craft & Gift (11%), and Home & Garden & DIY (8%). In the almost saturated dropshipping market, selling everything is no longer a good idea, instead, focusing on a specific niche and providing unique and personalized products is one of the best ways to differentiate from what already exists on the marketplaces.
2. Launch an eCommerce Store in Europe
You can choose to sell on e-commerce marketplaces such as Amazon, eBay, and Etsy, which have huge customer bases for you to start up easily. Or if you want to start your own brand with a customized and high-converting store, then it's recommended to use popular e-commerce website builders such as Shopify and WooCommerce. Make sure that you have targeted the right market and set up the language and currency of your audience.
3. Find a Reliable EU Dropshipping Supplier
Efficient shipping and delivery are critical for dropshipping in Europe. It would be great to work with local dropshipping suppliers for faster delivery. But if you need a wider and cheaper source of products and customization services, then SourcinBox is also a good choice that can help you source high-quality products according to your needs from Chinese manufacturers and can ship to EU countries in 5-10 days.
4. Offer Local Payment Methods
To make sure that your customers can make the payment at your store safely and smoothly, you must consider offering their preferred local payment methods. In addition to the most widely used international payment gateways such as PayPal and credit cards, you can also add payment methods of each European country as follows:
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5. Register for The EU IOSS
If you are going to source your dropshipping products from a foreign supplier outside the EU and sell them within the EU, then import VAT is payable when products are imported into Europe. You can register for the IOSS(Import One Stop Shop) to declare and pay EU import VAT for orders that are equal to or less than €150. The import VAT is charged within the sales to consumers and remitted through a monthly IOSS return. Consumers will thus avoid any customs charges upon delivery of the goods.
Start Dropshipping EU with SourcinBox!
From high-quality product souring to efficient global shipping, from product customization to customs clearance services, SourcinBox has it all for dropshipping in Europe! Sign up for free and save more on dropshipping!