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. |
When you market your product to your customers, and when they purchase it from you, what you do is that you order it from the dropshipper and the dropshipper will directly ship the product to your customer under your company name and your stipulated address. The customer doesn’t know the existence of the dropshipper, they think that they’re buying from you. I’ve personally run a dropshipping business, manufacturing business and a trading business before.
Dropshipping is great for entrepreneurs because it doesn’t demand as much as the traditional retail model. You don’t have to open a brick-and-mortar store, pay overhead, and stock products. Instead, you open an online storefront and buy wholesale from suppliers who already have products and warehouse space.
Millions of entrepreneurs flock to dropshipping because it requires less hassle and money to get started. That’s probably why you’re interested and the best news of all with dropshipping, you can build a business that’s sustainable in the long term right from your laptop.
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