Nowadays a lot of people love to do dropship business in Malaysia, so do you know why?
Malaysia welcomes a good business idea and offers ample of opportunities for start-ups and think tanks. Online business is on the boom in Malaysia with retail websites growing by leap and bounds.
One of the many popular ways in which the online retailers in Malaysia fulfill the customer needs is dropshipping. We would love to talk about the budding entrepreneurs about the business opportunities in dropship Malaysia and how to succeed.
Malaysia is a hub of dreams and growth with people achieving great things in the country. One of the many reasons why Malaysia poses as a perfect business opportunity is the encouragement from the government.
The government policies in the country are very liberal and pro-growth. A firm which is registered in Malaysia can draw the benefit of the double taxation treaties that has been signed between Malaysia and other countries.
Further, if you are setting up the business in Malaysia, there is not restriction in case you are looking to repatriate the dividends, profits and so on. Malaysian businesses, that have made profits outside the country are not subjected to any withholding tax.
Additionally, government allows the businesses to move freely through various ports such as Kulim Hi-Tech Park, Pasir Gudang, Bayan Lepas and so on.
Malaysia is a country that offers you with unseen and unheard business opportunities and a very supportive government, policies, tax treaties,repatriation policies and so on.
You have more reasons to invest in Malaysia other than it being a liberal economy as the country is ranked among the 25 most competitive economies in the world.
Before arriving on a decision between dropshipping and wholesale, let us understand the difference between the two.
A wholesaler purchases the goods from the manufacturer and then sells it to the retailers. The whole process involves minimum of three parties.
Dropshipping on the other hand is a method wherein the seller of the goods does not keep the items stored in the fulfillment center. Once the order has been taken, they would simply inform the seller to deliver the requested item at the buyer’s desired spot.
Malaysia is one of the many countries that can be targeted be the dropshippers to make money. Since the concept of dropshipping is basically based on network management, social networking websites such as Facebook help a great deal in promoting the service.
What's more,Malaysia is one of the many countries with the highest Facebook penetrations. This simplifies the work of someone who is looking to start the dropshipping business and promote it.
Dropshipping has been popular in Malaysia and therefore offers a good opportunity to earn money.
If you are looking to start dropshipping business in Malaysia, it is important to understand the popular online products that are sold in Malaysia.
Power banks is one of the top selling products in Malaysia because Malaysians love to spend time on their phones. Various other popular products in Malaysia are:-
Knowing the popular items would help you to select the right target customers and sell the products. Malaysians have the knack for buying the gadgets and cosmetics and they love to invest their money on foreign brands.
Therefore, dropshipping could be a good idea if you have a trusted network of retailers from various parts of the world who are ready to sell their products through you.
Dropshipping is the newest concept in the online retail business. It would not be wrong to say that the concept is a derivative of the traditional delivery system. However, thorough understanding of the concept, challenges and target market would lead you to success.
Although estimates might not be the same, on an average, nearly 20- 30% of the retailers are investing in drop shipping. The flexibility of expanding your network and product range comes only with the dropshipping model which is otherwise not possible in the warehouse model.
You would also cut on the packaging cost of each product. To package the product, you would need to invest in the packaging material as well as the dedicated staff to perform the activity.
However, in dropshipping the packaging and delivery responsibility is of the merchant who would deliver the product to the buyer. This is a huge saving in the cost for someone who is just starting the business.
Then, there is no requirement of a huge capital to buy the products in bulk. Also, you do not have to invest in renting or buying the delivery centers.
Various products require to be stored at varying room temperature which also involves cost. All these cost saving would help a businessman to focus on building a network with the retailers and wholesalers across the globe.
The products that can be dropshipped range from the baby clothes to the electronic items and everything in between. There is no hard and fast rule as to which product should be dropshipped and which one should not. It solely depends on your capacity to handle and guarantee the customer that the goods would reach in perfect condition at his doorstep.
Fragile items require extra efforts to make sure that they do not damage in transit.
Well, we would not say that it is overcrowded but yes, there is a lot of competition in the space. Other than the established retailers, there are so many dropshipping companies out there who offer the service as a third party.
This should not discourage you as an entrepreneur if you are looking to venture in the business.
Often, overcrowded space in terms of business generates a negative though in people’s mind. They think that the line of work does not have an opportunity for them simply because there are too many competitors out there.
On the contrary it should be taken as the positive thing because you know that the business model is a successful one and people are making money in the business. Dropshipping relies heavily on the competitive pricing, an important area where you should be focusing when looking to start a new venture.
If you want to dropship in Malaysia ,a good supplier is very important.
Chinabrands is a leading global drop shipping wholesaler from China. they have global reach servicing customers in more than over 200 countries. In Malaysia they have warehouse and 24-hours Delivery service.So you need not worry about the delay.
It offers full catalogs, including cheap clothes, bags, shoes, jewelry and accessories, beauty, 3C products, household necessaries and so on that totally more than 500,000+ SKU. Also, new and trendy arrivals added every day.
It’s a very considerate supplier for covering low-end to high-end products lines at wholesale price. Purchase from this wholesale clothing distributor, you can buy tops in $0.29, and the quality is quite good. If you look for high-end fashion brand, it may just cost about $40.
Besides, every purchase in the site, you receiver CB points as rewords, and you can use as cash next buy. If you register as a member(Click here), you can get much more discounts as well as get more CB points. Extremely low price and CB rewords points can maximize cut you cost and make exciting more profits.
What’s more, Chinabrands provides extra valuable services.
This drop shipper offers SEO-optimized product descriptions that you can download and upload to your online stores like Amazon, Ebay or any other online shopping platform. That will save much time for you to write products descriptions and help your stores rank better.
It has professional teams to choose trendy products that will sell well. Most store owners get crazy and have no idea which products should sell. Chianbrands’s team do the market search and add those data-proved hot sell in site everyday. And you can upload any products you like to your cheap clothing website.
Also, Unlike Alibaba is just a third-party platform for hundreds of thousands of manufacturers and suppliers, that may have poor quality problems. Chinabrands has highly trained QC teams ensure the quality of every single product manufactured by major brand suppliers.
Now ,if you are determined to run dropshipping business in Malaysia, just do it ,and you will get your success.
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