What is The Visionary Ecom Blueprint?
The Visionary Ecom Blueprint course program is an eCommerce course that covers a wide array of topics on how to start an online business. These topics range from: how to choose products, how to build your first online store, how to create high converting ad creatives, marketing and branding, and more.
The course is designed to refer back to on a regular basis when going about your eCommerce journey, and pursuing your goals. Building a business isn't always easy, that's why we're here to help.
About Lukas Tsimopoulos
Lukas Tsimopoulos is a 22 year old entrepreneur, who started selling products online many years ago. From the age of 14, Lukas began selling products online, primarily via eBay on their platform. These products ranged from many different niches. From what started out as a simple way to earn some income whilst being in school, Lukas realised the opportunity and eventually, made it a reality to build a full time online income overtime.
The Dropshipping Business Model
Dropshipping is a retail fulfilment method in which a company does not hold inventory of the items it sells. When a dropshipping store offers a product, it buys it from a third party (a manufacturer, wholesaler, or another retailer) who then distributes it to the buyer directly.
To summarise it in basic steps, this is how the business model works:
- Find a product to sell
- Build a website
- Drive traffic to the website
- When you achieve a sale, your supplier should send it directly to your customer.
This means, that you generally never need to hold stock or ship the product yourself.
The benefits of utilizing a business model, like the dropshipping business model, is that it has lower startup costs. Has scalability potential, lower inventory management, and more. You're essentially able to offer new products immediately or stop selling slow-moving products, as you don't hold stock of the product.
However, on the other end, a drawback here is that you don't control your supplier's inventory. So in reality, if they run out of stock, you also run out of stock and need to make a haste decision to move forwards. This could potentially lead to increased lead times and potentially, lost customers.
Moreover, the primary benefit we can clearly identify is that we're able to build an online business with no requirement to purchase and hold the inventory.
For a more visualised understanding of the business model, click here to watch a free training on it.