How To Start A Dropshipping Business

A dropshipping business may be started for as little as $100, making it an appealing alternative for people looking to launch a new endeavor.

Dropshipping is a popular business concept these days because of its low initial costs, little overhead, and straightforward business plan.

Dropshippers have access to a plethora of marketplaces that provide virtually every product imaginable.

Best of all, the dropshipper can sell all these products without ever stockpiling them:

  • The customer puts an order, and the corporation notifies the product’s manufacturer or distributor that an order has been placed and that it should be dropped into a shipment for the consumer.
  • On behalf of the dropshipping company, the manufacturer or distributor ships the product directly to the consumer.

The order is straightforward: the consumer pays the dropshipper.
The manufacturer or distributor is paid by the dropshipper.
The product is delivered to the customer by the manufacturer or distributor.
The dropshipper is essentially a marketer.

Dropshipping is a cost-effective solution for new business owners to sell products without a lot of overhead because no inventory is required. It also avoids being trapped with inventory that cannot or will not sell.

Here are the 6 steps to starting and launching your dropshipping business:

  1. Select a Business Idea
  2. Source Your products
  3. Find the right Suppliers
  4. Create an Online Store
  5. Register Your Business
  6. promote your business

Read more in the original article from Forbes.com