Start Dropshipping in the Philippines with Oberlo!
Oberlo has everything you need to easily run your dropshipping business in the Philippines. And it’s free!
Why Start a Dropshipping Business in the Philippines?
As an emerging ecommerce market within Asia, the average online shopper accumulated US$21.68 revenue in 2019. Yes this is not a huge number but when the projected annual growth rate is 7.9 percent in 2024 it is obvious that this market is becoming a hotbed for increased ecommerce investment this year. Although still in its infancy, the Philippines has established a strong foundation for ecommerce with its rapid adoption of the internet and mobile devices. With emerging online marketplaces and a lust for global ecommerce stores like eBay, it is no wonder that there is a projected upward growth with brands allocating more marketing budget to this country.
But what do customers in the Philippines buy online? Well the largest ecommerce segment for these customers is electronics. This means cameras, phone accessories, laptop addons, and more. And 56 percent of customers will visit an online store at least once every 30 days. Dropshipping in the Philippines is great as customers are smart. They care about online security and data privacy, and also invest in new technologies to make their lives easier.
Why Dropshipping is Better Than Wholesale in Philippines
When setting up an ecommerce business it can be hard to choose exactly what you want to sell. You might have two or three types of products in mind. Before you begin ordering stock and researching delivery options you should consider dropshipping rather than wholesale. Dropshipping allows you to enter a market with little risk and lower capital investment as you don’t need to order stock until after a customer orders it from you. Then you simply order the product from your supplier and they ship it directly to your customer. Dropshipping allows you to be flexible and test multiple products in your market to find the right mix for you.
If you are unsure about what to start selling check out our What to Sell Online article for inspiration. We walk you through different ways to brainstorm product ideas and where you can sell your products online to ensure that you make the most out of your online business.
Payment Gateways in Philippines
- 2Checkout
- BitPay
- Coinbase Commerce
- Credit Card Payments by PayTabs
- Dragonpay
- GoCoin
- iPayLinks
- MOLPay
- Credit/Debit Card/PayMaya Wallet
- PayDollar
- PayPal Express Checkout
- PUT IT ON LAY-BUY
- Splitit Monthly Payments