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The disease known as "Coronavirus" that has impacted millions, killed thousands and caused a state of emergency across many countries. Let's talk about how it impacts the global economy, specifically with eCommerce. Instagram: @BOWLES START HERE:
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Snapchat ► hayden123bowles EcommSeason YouTube Channel: http://bit.ly/ecommseasonyoutube ___________________________________________________________________________ How The Coronavirus Killed Dropshipping… The Coronavirus has without a doubt been one of the largest reactions from the public to any event in years, and rightfully so. This disease has spread very quickly to just about every country and has caused a state of emergency in dozens of places. This impacts our economy, the global economy and thus eCommerce in a huge way. China is the rumored to be the source fo the "ground zero" (first) patient, and has many cities on complete lockdown. Factories are closed, even big companies like Amazon and Walmart are struggling to keep things in stock. This is causing a lot of panic as products become more difficult to source, prices go through the roof and ultimately some companies will be put out of business (not to mention the potential market crash that this virus could help lead to). With eCommerce, products are becoming harder to source, especially from China. Shipping times are longer due to many shipping options not being available at the moment, and I myself have been left to source from US suppliers only for certain products. This raises my product prices which decreases the profit margin on my companies. If you are Dropshipping specifically, then this is going to impact you the most. Make sure to pay attention to this video and take the necessary steps to stay in business! Drop a LIKE if you enjoyed the video!
___________________________________________________________________________ *Disclaimer* I am not in any way a certified financial advisor, nor do I pretend to be one. Any information or advice I give you on any social media platform is simply my opinion based my own own experience and research. There is no guarantee on anything due to the fact that there are many variables in your success.