Drop Shipping : Introduction
Today I am gonna explain about what is drop shipping and how you can be a entrepreneur with little amount of investment with drop shipping business.
What is Drop Shipping?
Drop shipping is both a sourcing a fulfillment business model where the retailer (you) never actually own the inventory you’re selling. Instead, you’re acting as a third party that sells the goods on your own website and when you receive an order, you pass that order onto the drop shipping company for them to pick, pack and fulfill.
You make profit with the difference between the charge, how much you paid and at how much you sold.
How does this work?
Generally, Drop shipping is a straightforward process as given below.
1. A visitor (buyer) arrives at your store(yourstore.com) and start to make purchase.
2. You receive the order and forward that order to your drop shipping partner.
3. Your shipping partner packages the order and sends it to your customer on your behalf.
4. Congrats. You start to make profit now.
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