The Essential WooCommerce Xero Toolkit is a must-have for any dropshipping business looking to streamline their operations and increase efficiency. With this Xero toolkit, you’ll be able to easily integrate your WooCommerce store with Xero, allowing you to manage your finances and track your inventory in one convenient location. This will save you time and reduce the risk of errors, freeing up more time to focus on growing your business. Whether you’re a new entrepreneur just starting out, or an experienced business owner looking to take your company to the next level, the Essential WooCommerce Xero Toolkit has everything you need to succeed.
Dropshipping sounds like a made up term, but it’s actually one of the most common ways to sell products online. This virtual business model has been around for decades, but it’s only been in the past few years that dropshipping has become more popular with small business owners.
The global dropshipping market size in 2020 was valued at $128.6 billion USD. Ecommerce stores account for nearly 16.1% of global retail sales. To say that starting and succeeding in dropshipping is a myth is to deny these incredible financial opportunities.
The only problem is the learning curve for getting up and running with your own dropshipping business tends to be steep. Sure, there are plenty of people that open a dropshipping store in one day and experience success, but the majority needs time and proper management to go from 1-2 sales a day to hundreds.
That is why we have put together this essential toolkit. Besides selecting your sources for products, the marketing, and all the other aspects of dropshipping you will need to learn, there is a foundation that you must build your business upon. That is the digital trifecta of WordPress – WooCommerce – Xero Accounting. These three operational tools create a sturdy starting point to personalize and expand your dropshipping company into a digital powerhouse.
Better yet, finding a way to use WooCommerce Xero integrations to automate everything saves you time and money so you can discover new products consumers love to purchase.
What Exactly is Dropshipping?
Dropshipping is a supply chain management method where you don’t keep any inventory. Instead, you purchase the items from wholesalers and have them shipped directly to your customer. This reduces costs significantly because you’re not storing or managing inventory yourself.
The business model of dropshipping is an excellent option for ecommerce stores that want to sell products but don’t want to deal with storing or shipping them themselves. As a dropshipper, you’re able to focus on marketing and sales rather than managing inventory or shipping orders yourself. As such, it’s an ideal business model for those with little capital but big aspirations!
How Does Dropshipping Work?
Dropshipping is a retail fulfillment method that allows you to sell goods without keeping the products in stock. You buy your products from third-party suppliers, and then you can sell them directly to customers. By doing so, dropshippers are able to keep their overhead costs low.
To break it down into more straightforward elements:
Step 1: You build an ecommerce storefront.
Step 2: You find products to sell through that storefront from a source (manufacturer, wholesaler, third-party).
Step 3: You market those products on social media, search engines, and other places.
Step 4: A customer finds your website and makes a purchase.
Step 5: Your store automatically sends that order to your dropshipping supplier.
Step 6: The supplier prepares the order using custom packaging that says your business name, then ships it out to your customer on your behalf.
Step 7: Rinse and repeat as many times as possible with as many exciting new products as you can find.
What are the Benefits of Dropshipping?
Besides being incredibly easy to get started, dropshipping provides you with the opportunity to earn a side income or transition to a new business model from home. Everything can be done online with as little customer interaction as you would like. Other benefits include:
- Less capital to get started than other traditional businesses
- Easy to get started with numerous free video resources available online for learning
- Low overhead because you do not need to purchase inventory or manage a warehouse
- Wide selection of products to sell from any niche you can imagine
- Easy to test new products with potential customers
- Easy to scale as demand grows
Our Essential Toolkit for Dropshipping
Our trifecta of dropshipping tools are designed to build the foundation of your ecommerce business. The point is to automate as much as possible from the moment a customer lands on your website to the alert you receive on your mobile that another sale has successfully been shipped.
Part 1 – WordPress for Dropshipping
WordPress is a content management system (CMS) that allows you to create your own website. It’s free and open-source, meaning anyone can use it for any purpose without paying anything. Of course, you will need to pay for hosting and a domain, but the CMS is free. This is a platform that powers more than 42.6% of all the websites on the internet.
WordPress also allows users to install plugins, themes, and widgets from a repository of thousands of add-ons. That means you can cultivate a store that works with specific niches and markets using customizable tools and plugins as integrations.
Once you build your WordPress site and give it an attractive theme/layout for customers to explore, it is time to create your storefront.
Part 2 – WooCommerce for Dropshipping
WooCommerce is a free WordPress plugin that allows you to create an online store. It makes it easy to set up and manage your own ecommerce site. Both WordPress and WooCommerce are 100% free. You can secure hosting from different providers for as little as $5 USD/month, which is why we say there is such a low entry cost to starting in dropshipping.
WooCommerce adds complete shopping cart and store functionality to your WordPress website. There are no product restrictions like with other competitor selling platforms. You also can customize all of your product descriptions and features, which makes it easier to increase conversions from mildly interested shoppers to successful sales.
Other benefits include:
- High scalability at low shop costs
- Quick set up via a WooCommerce wizard
- Access to endless free and paid plugins and themes
- Excellent customer support and documentation for learning
- Extensive features for storefronts, products, and customer interactions
- Enhanced security
- SEO integrations
- Informative analytics
- Works with the majority of payment processors
- And more!
Part 3 – WooCommerce Plugins for Dropshipping
You have your store and can customize it with the products and features your target audience want. Now it is time to automate everything. There are two powerful plugins that will do the trick.
The first is WooCommerce Dropshipping by OPMC. This easy-to-use plugin automatically emails suppliers when a customer has made a purchase through your ecommerce storefront. It will automatically generate packing slips and import inventory information as needed via a .csv file. That is a universal type of communication tool for those dropshippers working with international suppliers. This is the easiest way to automate communication between your WooCommerce storefront and your dropshipping suppliers.
The second is a WooCommerce Xero integration toolkit called Xero for Business by OPMC. With this affordable plugin, you can sync all of the data from your WooCommerce storefront into one of the most powerful accounting systems available. This makes annual taxes, inventory tracking, VAT, customer insights, and invoicing so much easier. Learning how to integrate Xero toolkit with WooCommerce is simple because of the simple installation, activation, and customization offered by the Xero plugin.
The Perfect WooCommerce Xero Dropshipping Trifecta
When you are done, you will have created this perfect ecosystem where an order is placed, your supplier is notified, you receive an alert, and your accounting is automatically synced to track the inventory and financials. This is a robust foundation that allows you the breathing room necessary to learn new dropshipping sales and marketing techniques without worrying about the details.
There’s never been a better time than now to start your dropshipping business. With the help of WooCommerce and the Xero toolkit, you can get started in no time at all. When you do get started, be sure to leverage these resources in order to take full advantage of all that WooCommerce has to offer!
We hope this article gave you some helpful information about how to get the most out of your WooCommerce-Xero integration and what tools are available for your dropshipping business. If you found it useful, please share it with others in the same situation. Good luck, and may your dropshipping business be the fuel that propels you to incredible future success.
