Sounds good to me! 👍 well-planned strategy, you can build a successful e-commerce business that operates with minimal overhead and risk. Drop shipping allows you to sell products without having to purchase inventory upfront or manage a physical warehouse. Instead, you partner with suppliers who handle the storage, shipping, and fulfillment of your orders.
One important aspect to consider when restarting a drop shipping business is pricing. With a multitude of competitors and changing market conditions, it can be challenging to maintain a competitive price point. Manufacturers and brands use Minimum Advertised Price (MAP) policies to control the prices of their products and maintain a consistent brand image. MAP policies help to prevent unauthorized dealers from advertising products at excessively low prices, which can undermine the perceived value of the brand.
To ensure compliance with MAP policies, you can use a tool like Priceva (https://priceva.com/blog/what-is-map-pricing), which provides real-time monitoring and enforcement of MAP prices across all sales channels. With Priceva, you can monitor prices on marketplaces, your own website, and even your competitors' sites, and take action to adjust your prices accordingly.
Yeah it does sound good