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Is Dropshipping a Good Long Term Business Plan? (alien.top)

submitted 11 months ago by ChicoTallahassee@alien.top to c/entrepreneur@indiehackers.space

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I'm trying to start up an online store. Recently I tried to order some products from AliExpress to check their quality and see if the market wants them. I was thinking to dropship those items. Now I had some issues with AliExpress and the customer support isn't helpful at all. The issue has been occurring for more than a week now. My payment is being cancelled for security reasons. Which leads to no product being shipped.

What should I do if my store is automated (in the future) and such an issue suddenly happens? I find it disappointing to know that AliExpress doesn't really offer much customer service.
This made me also rethink my entire business plan. Is it a good business to be in? Wouldn't it be better to focus on wholesale and being an importer of more valuable items? Keep my own stock?

How do you guys deal with things like this? Ideas?

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[–] 88captain88@alien.top 1 points 11 months ago (1 children)

It's not a good idea to build a business that relies on a single business for survival, unless you have some contract guaranteeing delivery

[–] travelguy23@alien.top 1 points 11 months ago (1 children)

It can be a good idea if you can make great money in a short period of time. To take an extreme example, if you coukd make $1 million in the next year from a business that you knew wouldn't last longer than that, why wouldn't you?

Those are the types of opportunities you should grab with both hands.

People have been multiple millions from building businesses that relied on a single platform. If the business fails, so what? You already made your millions.

In no way am suggesting you give up your job and do this if paying for rent and food depends on it. Do it only if it pays enough.

I think it's mistake to dismiss opportunies without looking into them properly.

[–] 88captain88@alien.top 1 points 11 months ago

Sure if you KNEW... the problem with doing things like OP is he spends all the time setting up a business and building a customer base then the products disappear and he's left holding the bag.