Dropshipping is one of the most popular online businesses in the world. And it’s no wonder – it’s a relatively easy way to start an online store without any upfront investment, and you can run it from anywhere in the world with an internet connection.
However, dropshipping is not a get-rich-quick scheme. It’s a real business, and like any business, it takes time, effort, and dedication to succeed.
If you’re thinking about starting a dropshipping business in 2021 (or even 2023), this guide is for you. We’ll cover everything you need to know about dropshipping, from what it is and how it works, to choosing the right products and suppliers, to building and marketing your store.
What Is Dropshipping?
Dropshipping is a business model in which ecommerce entrepreneurs sell products without having to carry any inventory. When a store owner receives an order from a customer, they simply contact the supplier, who will then ship the products directly to the customer’s doorsteps. Dropshippers never have to worry about storing or shipping products themselves.
How Does Dropshipping Work?
Dropshipping is relatively simple: A customer places an order on your store, and then you place an order with your supplier. Your supplier will ship the products directly to your customer, and you keep the difference between what you charged the customer and what you paid for the product.
For example: Let’s say you’re selling watches on your store for $100 each. Your supplier charges you $60 per watch. When a customer buys a watch from your store, you simply place an order with your supplier for that watch. The supplier will then ship the watch directly to your customer. You keep the $40 difference as profit.
What Are The Benefits Of Dropshipping?
There are several benefits of starting a dropshipping business:
