Dropshipping with Modalyst
Modalyst is a marketplace that makes it easy to find products to sell online. With Modalyst, you can access a variety of different products such as fashion, pet accessories, electronics, and beauty. Modalyst helps you find products from suppliers all over the world and add them to your online store.
After you’ve made a sale, your supplier ships the products from their warehouse directly to your customer. You don't need to store, pick, pack or ship your products.
You can use Modalyst to sell your products in your online store, on social media, and through online marketplaces. If you're already dropshipping with other Suppliers, you can use Modalyst alongside those Suppliers without any conflict.
After you've imported products, set your pricing, and set up a shipping strategy, getting products to your customers follows a similar procedure for every order:
A customer places an order from your store and pays the price you have set.
- You receive confirmation of payment from your payment provider.
- You purchase the product at the wholesale price.
- Your supplier ships the order directly to your customer.
- Your customer receives their order.
- Your profit margin is the difference between how much the customer paid for the product, and how much the product cost you to buy from the supplier.
The following factors have an effect on your profit margins:
- the types of products you choose to sell
- the price you set for your products
- your shipping strategy