What is Dropshipping?

Dropshipping is an order fulfillment method That does not require a business to keep products in stock. Instead, the store sells the product and passes on the sales order to a third-party supplier, who then ships the order to the customer. However, contrary to popular belief, the dropshipping business model is not a get-rich-quick scheme. Sure, it seems like easy money — you sell other people’s goods and take a cut for yourself — but when you factor in all the drawbacks, obstacles, and day-to-day management, it’s far from easy and can be hard work. If you approach it the right way, though, dropshipping can still help you build a successful business… just not as quickly as you’d hoped. Probably the biggest advantage to dropshipping is that it’s possible to launch an eCommerce store without having to invest thousands of dollars in inventory upfront. Traditionally, retailers have had to tie up huge amounts of capital purchasing inventory. With the dropshipping model, you don’t have to purchase a product unless you’ve already made the sale and have been paid by the customer. Without significant upfront inventory investments, it’s possible to start sourcing products and become a successful Dropshipper with very little money. And because you’re not committed to selling through any inventory purchased upfront, like in a traditional retail business, there’s less risk involved in starting a Dropshipping store. read more