If you’re already doing your research on dropshipping, there’s no way you haven’t come across certain words and phrases. While they are, most of the time, common economic terms, the meaning of that terms can be slightly different in the context of dropshipping. Today we are going to briefly go through the nuances.
Dropshipping For Beginners: Brief Glossary
Once you learn the actual lingo, navigation becomes much swifter. While the actual list of terms is quite broad, we explained dropshipping terms important for the initial research and the first stages of launching the store.
- Advertising (Ads). A message paid by the dropshipper that aims to bring customers to their online store. Most dropshippers use targeted ads for Instagram and Facebook.
- Ali2Woo. A developer that provides software and support for WooCommerce dropshippers.
- AliExpress. Online retail site based in China with a global outreach. Extremely popular among dropshippers as a platform to find suppliers on.
- Bulk order placement. An automated process that allows you to place multiple orders from the supplier.
- Importing. Transferring and mirroring product information from your supplier to your dropshipping store.
- Inventory. The amounts and types of products the supplier currently has available.
- Margin. The profit you get after subtracting your supplier’s initial, so-called cost price from the total amount of money you made through dropshipping the products.
- Markup. A value you add to increase the cost price in order to get profit.
- Migrating. Changing the plugin you use for your dropshipping store without disturbing the site.
- Niche. A particular theme you used to find products for dropshipping.
- Overriding. Switching the suppliers of your products without removing the products from your online store.
- Plugin for dropshipping. Software that allows you to run a dropshipping store.
- Pricing. The value of each product in your dropshipping store: cost price + your markup.
- Profit. The money you gain after selling the dropshipped products.
- Shipment. The process of delivery of the product purchased via your dropshipping store. The supplier is the one who sends it directly to the customer.
- Stock. The selection of products you dropship.
- Supplier. A third-party seller whose products you dropship.
- Synchronization. A method of automatically aligning the products & prices in your online store with your supplier’s inventory.
- Wholesale suppliers. The suppliers who sell inventory for a lower cost in bulk.
- Winning product. The most profitable product that stars in your dropshipping store.
- WooCommerce. Types of eCommerce trade (including dropshipping) provided via WordPress-built websites.
- WordPress. A popular platform used for building websites, including online stores.
- eBay. A USA-based marketplace is frequently used for global dropshipping.
- eCommerce. Online trade; can be provided using various models.
This is your go-to list to help you understand the essence of dropshipping. Once you studied the terms, you’re welcome to join the actual deal. It’s gonna be easy with our Ali2Woo plugin for AliExpress dropshipping: click here to see what you’re getting.