- September 14, 2021
- Posted by: A4P
- Category: Dropshipping
It’s not impossible to operate many dropshipping stores, but it’s also not simple. To put it another way, you can run many dropshipping stores, but whether or not you should depends on your personal circumstances.
In this post, we’ll show you how to run several dropshipping companies and go over the benefits and drawbacks of beginning a second dropshipping business.
What’s the best way to manage many dropshipping stores?
First and foremost, are you able to manage many dropshipping stores? Is it the case, and if so, how?
Running multiple dropshipping stores is possible. It isn’t difficult to set up many dropshipping stores. In fact, it works in the same way as setting up a single dropshipping store does. The only catch is that you’ll need to set up two accounts for everything!
The answer to the question of how to run several dropshipping stores will be determined by the eCommerce platform you use. Because the majority of eCommerce platforms do not allow you to manage several dropshipping stores from a single account.
Several eCommerce platforms help in managing several stores from a single dashboard.
However, most people will not be able to afford it because it frequently involves a costly plan. For instance, Shopify Plus allows users to manage all of your stores from one spot in your Shopify admin. But it costs $2,000 per month or maybe more.
Understand that if you’re planning to start running multiple dropshipping businesses, you’ll need multiple accounts for each shop’s social media pages. This includes Facebook ad accounts and other dropshipping tools. That is in addition to multiple accounts for your dropshipping stores.
Advantages and Disadvantages of Running a Multiple Dropshipping Store
It’s a thrilling experience to manage a dropshipping store. Starting a store, building an online presence, and watching the orders pour in could be a great experience. After all of your hard work, you should have a prosperous and long-term business.
If you already have a successful dropshipping business, you might be wondering if you should open a second, third, fourth, or even five stores.
It’s an excellent question with a nuanced solution that is dependent on your particular instances. Let’s look at the benefits and drawbacks of running multiple dropshipping stores to help you decide.
The advantages of running multiple dropshipping stores
Expand on niches and diversify your product portfolio
The first advantage of having many dropshipping stores is that you may expand your product portfolio and try out new categories. Of course, if you’re managing niche stores, this is one advantage. Dropshipping stores in general may already sell almost anything.
The sorts of products that niche dropshipping shops can offer are limited. They cater to a specific group of people who share similar interests.
Imagine that you have a successful fitness niche business but have recently discovered an amazing stuffed animal in the pet niche. You may be losing sales since putting the stuffed animal in your store is not really an option.
However, you could open a store in the pet niche and begin selling the product there if you are running multiple dropshipping stores.
Multiple revenue streams should be established
You can generate various income streams by running multiple dropshipping stores.
Honestly, everyone would rather have two dropshipping businesses that each bring in $2,000 per month over one dropshipping store that brings in $4,000 per month.
For both cases, your monthly income would be $4,000 a month. Depending on all of that revenue from a single dropshipping store, on the other hand, is much riskier.
What might happen, for instance, if your PayPal account was suspended? Or what if your Facebook ad account is removed? You’ll have no choice but to quit selling. The gains would vanish, leaving you without a source of income.
Alternatively, if you had two dropshipping stores and one of them closed (for some reason), you’d still be able to make $2,000 per month from the other.
The disadvantages of running multiple dropshipping stores
It’s difficult to stay focused
You’re probably aware that having a dropshipping business is really difficult. It takes a lot of effort, especially if you want to continue in business for a long time. As a result, it takes a great deal of attention.
Just to open a store, you’ll need to complete a number of activities. It’s ranging from content to branding and marketing.
Thus, you’ll need a lot of time to maintain the appropriate focus and keep all of your establishments working well. And, as previously stated, this is no small job.
You’ll have to cope with a lot more problems
You’ll have to deal with extra challenges if you manage many dropshipping stores. You will have to deal with suppliers, customers, online payment issues, and more.
Thus, running two dropshipping stores demand doubling your efforts in order to resolve a variety of challenges.
Tools in Managing Several Dropshipping Stores
It’s a bit of a multi-purpose tool. Stitch Labs is a tool that allows you to:
Management of orders
Management of fulfillment
Analytics and reporting
Furthermore, to quickly complete your day’s shipments, you can employ scan-based workflows, bulk changes, and automation processes. When the tracking data is available, ShipStation may send an update to your eCommerce site immediately, and the buyer will be updated.
They offer excellent dropshipping services and ensure that clients sell directly from reputable, safe, and high-quality suppliers. Its goal is to help clients grow their dropshipping businesses. This is by providing monthly cash flow that is fully hands-off and managed by professionals.
It offers dropshipping automation services across 4 major platforms—Walmart, eBay, Amazon, and Facebook Marketplace.
So, is it a good idea to have many dropshipping stores?
Let’s get back to the subject at hand now that the advantages and disadvantages have been addressed.
Is it a good idea to run multiple dropshipping stores?
As you’ve read, having many dropshipping stores allows you to try out additional niches, generate multiple revenue streams, and so improve your revenue.
Nevertheless, you must consider the additional time required to ensure that all of your stores function properly. You’ll have to cope with more problems and spend more money on fixed expenses.
If you want to run multiple dropshipping stores, you should do so only if:
Your present dropshipping business has been automated and scaled.
You have enough free time to appropriately run both stores.
If that’s the situation, you will have sufficient time and resources to launch many dropshipping businesses.
If you’re short on time, you could use automation solutions to help you automate your dropshipping stores. These tools can help you automate several tasks in your dropshipping business, thus, saving you time.
And as previously stated, Automation4profits is just the right service for that.
Email or Book a Call with us to talk to our dropshipping experts!