What is Drop-Shipping?
Dropshipping allows you to partner with suppliers to sell their products in your store.
It's a retail fulfillment business model you can use to start your e-commerce business, without products or inventory.
How does It work?
- Supplier: Define your niche products and partner up with a dropshipping supplier.
- Store: Create your online store, to display the products, and this store is where the customers will place their orders.
- Customers: Create a marketing strategy to target the right consumers for your niche products.
- Earnings: Sell the products in your store at retail price, and pay the supplier the wholesale price.
For example: the wholesale price for a product is 50$, you'll sell this product in your store for 100$.
Advantages of Drop-Shipping:
- Low Startup and Running Costs.
- Start your business fast and easily
- Low risk
- You don't need to worry about inventory, warehouse or logistics.
- Flexible location, Work from anywhere and sell anywhere.
Disadvantages of Drop-Shipping:
- Very high competition.
- Low-profit margins.
- Disjointed orders, when your customer buy items from different suppliers in the same order
- No control over the product quality, packing, or shipping time.
- Very hard to build your own brand.
Some of the Drop-Shipping Suppliers:
1- https://www.aliexpress.com/
2- https://dropshipper.com/
3- https://www.spocket.co/
4- https://www.megagoods.com/
5- https://www.doba.com/
6- https://www.worldwidebrands.com/
7- https://www.wholesalecentral.com/
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