DROP SHIPPING OVERVIEW & DEFINITION
Drop shipping is a supply method where you, the seller, do not keep merchandise in stock, but simply advertise the inventory of a wholesaler and then transfer customer orders and shipment details to that wholesaler to fulfill.
The wholesaler then ships the goods directly to the customer.
Your job is just to market the products, everything else is done by the wholesaler.
Whom does drop shipping suit?
Drop shipping is particularly suited to people just starting a business without a lot of money to invest. It’s also a great option for sellers looking to expand the product range of their existing businesses without the risk of acquiring more stock.
What products are best to drop ship?
Almost anything can be drop shipped, but it is best to go for items with higher profit margins that aren’t extremely popular, so that you avoid high levels of competition.
Maybe I’ll talk about this in future posts. Hopefully.
Categories: Personal Finance