Dropshipping

What Is Dropshipping?

Dropshipping is when you sell products to customers but use a third party to hold your inventory and ship your orders. Dropshipping business owners focus on the branding, marketing, and customer management part of their business while a third party handles their logistics for them.

How Profitable Is Dropshipping?

Dropshipping has the potential to be profitable. For starters, online shopping continues on an upward trajectory. Further, merchants don’t need to make inventory investments upfront, so this keeps more capital at the ready for other purposes.

How Do I Start A Dropshipping Business?

1. Choose a dropshipping business idea
2. Do competitive research
3. Choose a dropshipping supplier
4. Build your ecommerce store
5. Decide on a business structure
6. Get your finances in order
7. Market your dropshipping store
8. Analyze and improve your offering

How Can I Find A Dropshipping Supplier?

You can browse millions of products on Oberlo, a dropshipping marketplace and toolkit for entrepreneurs all over the world. Oberlo is essentially a virtual warehouse packed with products from thousands of suppliers. It uses analytics to help you find the rising stars, high-potential products, and hidden gems. In just a few clicks, you can select your goods, customize the details, and list them on your site for sale.

How Does Dropshipping Work?

With dropshipping apps, products ship directly from the supplier to your customer, and you only pay for what you sell. No upfront inventory costs, no hassles with fulfillment.

Step 1: Your customer places an order from your online store.

Step 2: Your store automatically sends the order to your dropshipping supplier.

Step 3: Your dropshipping supplier prepares your customer’s order.

Step 4: Your dropshipping supplier ships the order directly to your customer.