Anything is cosmically possible in this ever-changing world. Running a business without an inventory is no big deal with this trendy Drop Shipping business. If you are running an established eCommerce store or one who pursues an entrepreneurship dream, dropshipping helps you expand your product list or start up a new business with ease.
What’s Drop Shipping?
eCommerce world it is, and you don’t hold an inventory for your product line. Own an online store, display products, promote them using all successful marketing strategies, and reach customers. And they order a product from you, but you don’t send them; the supplier does. No inventory, no packaging risks. How cool it is! Yes, Dropshipping makes it easy for you.
Choose your Niche Market!
Dropshipping is all about clicking with the right product and the best supplier. What’s your favorite product that you know everything about? Though you can practically sell anything online, focus on picking niche products that fulfill the customers' unique needs. Interestingly you can display several niches on your eCommerce store.
How does it work?
1. You associate yourself with a product supplier who is a drop shipper.
2. You display and promote the product range on your eCommerce Store.
3. A customer orders a product from your store.
4. You direct the order to your Drop Shipper
5. The Dropshipper packs, ships, and delivers the product to the customer.
6. The difference between the price you set and the drop shipper’s price is the profit you earned.
And that’s how it works! Pretty simple, isn’t it?