What Is Dropshipping?
Dropshipping is a retail fulfillment method where a store doesn’t keep the products it sells in stock. Instead, when a store sells a product, it purchases the item from a third party and has it shipped directly to the customer. As a result, the merchant never sees or handles the product.
The biggest difference between dropshipping and the standard retail model is that the selling merchant doesn’t stock or own inventory. Instead, the merchant purchases inventory as needed from a third party – usually a wholesaler or manufacturer – to fulfill orders.
The biggest advantage to dropshipping is that it’s possible to launch an ecommerce store without having to invest thousands of dollars in inventory up front. Usually retailers have had to tie up huge amounts of capital purchasing inventory. If you use the dropshipping model, you won’t have to purchase a product unless you already made the sale and have been paid by the customer. You could easily start a successful dropshippping business with very little money upfront.
This is probably the easiest way to make money online and running your own business – Running an ecommerce business doesn’t need to be complicated or hard. You never have to deal with physical products. With dropshipping, you will never have to worry about warehouse space, packing or shipping, tracking inventory for accounting reasons, handling any returns. Basically you just never deal with products at hand.
Since you never have to deal with inventory or managing your warehouse, the only expenses you’ll need is for your internet connection and your laptop so you can live the laptop lifestyle from wherever you like!
Now watch my video on what dropshipping is really all about. I’ll be using eBay and Amazon as an example, plus a listing tool you’ll find very useful if you decide to start dropshipping tonight!