Dropshipping in a COVID-19 world

By now you probably already know about the novel coronavirus (COVID-19), unless you’ve been living under a rock, it seems like it’s everything everyone talks about either on social media, television or while sitting having lunch. But what you don’t know is how it affects a certain category in business, Dropshippers.

If you are a Dropshipper then you better start taking notes now.

1- Delays, delays, and delays…

Countries all over the world have taken safety measures like restricting movement between cities or other countries, meaning there will be a delay in handling and shipping mail, so make sure to communicate with your supplier before taking orders and understand more about the situation and the level of restrictions implemented in their country.

You’ll also need to be prepared to receive and offer partial or full refunds for the products that didn’t reach their destination. Plus, you need to be very honest and clear with your customers and have a notification in your Return and Refund policy pages, alerting them of the situation and to expect delays.

2- What are the safety measures that I should take with the packages and products?

At this point in time, the WHO has still not found any evidence that the virus can be transmitted through parcels. Only that it can be transmitted from human to human through droplets while sneezing or coughing.

But, some researchers found that it can live up to two days on some surfaces. So you should still take preventative measures and sanitize your products and packages.

3- When can warehouses and manufacturies return to normal?

Unfortunately, at this point in time, they’re still no specific date as to when things might return to normal, each country is dealing with the crisis in their own way. Some manufacturers in countries like China are gradually resuming their operations, but it’s still not with the same level as before, but in other countries like Italy and Spain who were hit very badly by the virus are just easing down their travel restrictions little by little and are considering allowing tourists back in July, but everything can change in one moment if they see a spick in cases again.

4- Is there any relief plan I can benefit from?

With the lockdown restrictions, a lot of businesses will be facing a lot of financial difficulties, so governments like in the United Kingdom released schemes like the COVID-19 relief plan for businesses and the self-employed and recently they announced the Bounce Back Loan Plan.

You can read more about the two plans here :


5- When can things go back to normal?

Unfortunately, no one knows, and with no vaccine, we now have to learn to live with it with listening to medical professionals and governing bodies. Also, things are changing gradually so you need to keep yourself informed from reliable sources and not miss anything business-related.

For more information please check out the sources :




Bounce Back Loan Plan

Businesses all across the UK were dreading the Lockdown extension announcement, which was inevitable when you see the high death toll numbers in the UK, since it means more financial trouble for them. But they don’t have to worry anymore, because they also announced that there will be a new addition to the UK Government Relief Schemes that help small businesses, who had their livelihood affected by the Covid-19 pandemic, and that is the Bounce Back credit Plan.

The UK government is trying to facilitate the process by giving the certified moneylenders, like TIDE Bank, a 100% assurance for the credits that they will be given, considering that the plan can help you obtain from £2,000 up to £50,000 of your yearly turnover for as long as six years.

I know the first question you’re asking yourself is where should I apply to receive this loan? But that’s too simple and getting relief loans is anything but simple.

And that’s why we’re here to answer the questions that you should be asking instead:

Who’s qualified for this plan? Who’s not?

First, to be qualified for a Bounce Back credit plan your Business, that should already be established in the United Kingdom before the 1st of March 2020, has to have been put under financial strain by the pandemic, wasn’t facing any ‘financial difficulty‘ on 31 December 2019 and makeshalf, or more, of its revenue from trading.

You won’t be qualified for the loan if you’ll use the credit for anything other than venture capital or reinvesting it in your business. And since this scheme is for small businesses it’s only understandable that they won’t accept you if your business is Bank or an insuring company, a public primary or secondary school.

Or you’re already benefiting from the Covid-19 relief package for businesses and self-employed, but in case you have loaned up to £50,000 you can transfer it under this new Bounce Back credit plan you only need to arrange it with your money lender until a deadline of 4 November 2020.

How much interest will be on this loan? Are there any additional fees I’ll have to pay? 

Moneylenders were already guaranteed a 100% reassurance for their credits by the UK government so they won’t be charging loanees any fees concerning the credit they’ll be taking. They also get the benefit of not paying any interest for the first year but after that period is done they will be required to pay a 2.5% a year.

That was not that difficult, right? But now we are in the part that you should’ve been asking last:

Where should I apply to receive this loan?

If after reading all of the above and you found that your business is eligible for the Bounce Back Plan then you should apply on the British Business Bank website. 

For more information please visit: