Pharmacy Dropshipping Services From Europe to Europe
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Pharmacy Dropshipping Services From Europe to Europe.
Dropshipping is an online business model where the retailer does not have a physical store. They do not stock the products themselves but instead order them from the supplier, who ships the product directly to the customer.
It can seem like a scary prospect for those who have never done it before.
After all, you’re giving up ownership of your inventory and revenue streams. However, with the right mindset and a plan, it can be a great way to start your own business or even a side hustle.
In fact, there are thousands of drop shippers out there making money every day. If you’re ready to get started, you’ve come to the right place.
Dropshipping in Europe: 5 Essential things to know
- Be aware of Europe's three main advantages. There are many great countries to target, the competition is not as fierce as in the US, and the e-commerce market is growing.
- Try to find a dropshipping supplier from Europe. This will shorten your delivery times.
- Set up 'Europe-specific' local payment methods. Some European countries use their own payment options. For example, Giropay is popular in Germany, and iDEAL is popular in The Netherlands.
- Targeting a specific market may be an excellent choice. For example, you could create a German store targeting only German customers if you know the language.
- Register for One Stop Shop. This will allow you to easily comply with your VAT tax obligations when running an e-commerce store in Europe.
3 Reasons why you should start dropshipping in Europe.
1. There are many great countries to target in Europe
First of all, it shouldn't surprise you that Europe is a region, not a country. That means there are lots of different countries you can target. Some are not ideal, but many European countries offer amazing market conditions for dropshipping stores. When researching whether or not a specific country is good to target, it's important to look at:
- If it offers fast shipping methods like ePacket.
- If it has a high GDP per capita (which means that the residents earn a lot of money).
- If it has a high social network penetration (which allows you to reach your customers).
- And lastly, if it has a large population (which prevents scaling issues later on).
The best countries to target as a drop shipper score very well on these criteria, and quite a few of them are in Europe. For example, take a look at these countries:
Germany
France
Scandinavia (Norway, Sweden, Denmark)
Spain
2. The competition in Europe is less fierce compared to the US
Another awesome thing about dropshipping in Europe is that the competition is less fierce compared to a country like the United States. The United States is the largest consumer market in the world. And therefore, some people argue that it is the best country to target as a drop shipper. Well, the US indeed offers some excellent market conditions for e-commerce stores, but the downside is that everyone is starting a dropshipping store targeting the US. Therefore, you will have to deal with much more competition compared to when starting a dropshipping store in Europe. It is like a balancing act. The US may offer slightly better overall market conditions, but the competition will be far less heavy in Europe, and that might be an advantage for you.
Last but not least, it's not like dropshipping in Europe is dead. In fact, the e-commerce market in Europe is still growing at a healthy pace year over year: Besides the well-known European countries like Germany and France, there are many 'developing' countries whose e-commerce markets currently grow at an astonishing rate.
For example, the e-commerce market in Greece grew by 77% in 2020, and the e-commerce market in Poland grew by 34% in the same year (source). Sounds like a tremendous opportunity to profit from this growth and start a dropshipping store in Europe, right?
Can you also start dropshipping from Europe?
Another question you may have is whether or not it is possible to start dropshipping from Europe.
That is, by selling products that are stocked in European warehouses.
As we have already covered this question a bit, the answer is yes, you can!
You can use dropshipping suppliers in Europe to sell products stocked in European warehouses to decrease your shipping times!
Another option of starting a dropshipping store from Europe is selling European products to other countries. This happens way less often but could be worth it if you found a local supplier with a really unique product.
It’s called the reverse dropshipping model, and here’s how it works:
Note that the image gives the US as an example, but it works the same way for Europe!
Reverse dropshipping is a relatively new online business model that literally reverses the traditional dropshipping model.
It involves buying high-quality products from suppliers in Europe and selling them to wealthy people in China.
FAQs about dropshipping in Europe
Starting a successful dropshipping business in Europe isn’t easy, so we can imagine that some questions are still wandering around in your head!
Therefore, we have created this frequently asked questions section to try and answer them.
How does dropshipping in Europe work?
- Dropshipping in Europe works in the same way as dropshipping in any other region. You can choose to work with a Chinese supplier like AliExpress or a local (European) supplier like Spocket. Both of them can be great options.
Is dropshipping in Europe legal?
Yes, dropshipping is a legal business model in Europe. As a retailer, you aren’t obliged to have a product you sell in stock or possession.
Still, remember that you should register your dropshipping business in your country of residence and comply with all laws regarding consumers, online stores, and taxes. Getting a clear insight into these laws is best done by consulting with a professional.
How do you find customers when dropshipping in Europe?
You can find customers in Europe by using various marketing strategies. Popular ones include Facebook Ads, Google Ads, and influencer marketing.
Plus, having a blog is another great way to find customers who are interested in your products and services.
How much money do you need to start dropshipping in Europe?
You’ve already learned a bit about the expenses you can expect from a dropshipping business in Europe from our fourth tip.
Generally, the costs of starting a dropshipping business are relatively low at the start and increase when scaling your store. To start a dropshipping business in Europe, we recommend having a starting budget of at least $300.
What is the best dropshipping supplier in Europe?
- In our opinion, the best dropshipping supplier in Europe is Sprocket. However, BigBuy and Brandsgateway are also two honorable mentions.
Conclusion
There it is Our guide on how you can start your own dropshipping store in Europe.
As you've seen and read, starting a dropshipping store isn't as simple as you may have thought; you will be starting your own business after all!
However, for a business, dropshipping is a relatively simple business model!
It comes with low start-up costs, and you can build your entire store from behind your laptop or computer.
That's amazing, right?
If you have any questions left about dropshipping in Europe, don't hesitate to ask them in the comment section below.
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