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:
- Select a Business Idea
- Source Your products
- Find the right Suppliers
- Create an Online Store
- Register Your Business
- promote your business
Read more in the original article from Forbes.com