Dropshipping is a business model in which a person or company fulfill customer requirement through third party suplier, manufacturer or wholesaler, on commission.
Dropshipping is a business in which a person or company fulfills a customer's need through a third party like supplier wholesaler or manufacturer.
In dropshipping, a person or a company sells the product online to the customer without keeping any physical inventory, through third party manufacturer,wholesaler or suplier
Now you must have understood what dropshipping is. We will learn more about dropshipping through the points given below.
Benifit of dropping
How to do dropshipping?
Who can do Dropshipping?
Drawback of dropshipping?
Benifit of dropping
By the way, there are many benefits of dropshipping. I have explained the important benefits here so that you can understand what are the benefits of dropshipping.
Easy setup
In dropshipping, apps can setup their model easily and well, which does not require much hardwork. If you want, you can do the droppings from your home itself.
No physical inventory
In this type of business model you do not need to maintain any physical inventory. Dropshipping happens mostly online, so you only have to list products from different companies, hence you do not need a warehouse to store the goods.
Low investment
If you want to start your own business and are looking for a way of doing business which can be started with less investment then Dropshipping is one such way of doing business which can be done with less investment. If you do dropshipping properly and with proper method then you can earn good profit.
Low risk
In dropshipping business model the risk is almost negligible. In this you neither have to buy any goods nor open any manufacturing unit, if you do not have any goods then there will be no need of any godown to store the goods, hence you do not even have to order any inventory It will happen and you will have no tension and your risk will also be equal to nothing or less. In dropshipping, if the supplier or manufacturer delivers the product directly to the customer, then there will be no risk for you
No Hard work
You will not need to do much work in dropshipping. Because dropshipping is a smart way to do business. In this you should know what and what kind of product your customer wants or else. What is going on in the market and which products have more demand. After that you can take the order from the customer and forward it to the supplier or manufacturer and fulfill the customer's order through them.
Flexibility
You can work as per your wish in dropshipping. There is no time limit on this. In this it is not necessary that you work on any fixed time, but once you have taken the order from the customer, you will have to see to it until the customer's goods are delivered on time.
How to do dropshipping ?
I hope that now you would have understood what dropshipping is. If you liked this way of doing business and you are thinking of doing it, then this question must have come to your mind that how to do dropshipping. Look, it is no easy task because of dropshipping but it is not like you cannot do it. You can also do dropshipping, by flowing below steps
1. First of all you will have to make a product list of what items you want to sell. Because there are so many teams, you cannot sell them even if you want to, so you will have to keep selected teams for selling
2. Then you have to find the supplier of those products like manufacturer or wholesaler and enter into a contract with them which will include the product price, commission and margin.
3. You must have a website or any social media like Facebook or Instagram where you can list the product, so that the customer can see the product and order it.
4. When you receive a customer's order, then you will have to forward that order to the supplier and make the payment to the supplier after deducting your commission.
5. Then it will be the responsibility of the supplier to pack the customer's order properly and deliver to the customer.
Who can do dropshipping?
Dropshipping is a trending business strategy. This is a smart way to do business. Nowadays, be it an individual or a company, everyone is getting attracted towards dropshipping. See, only those people can do dropshipping who want to do their own business. If someone wants to start his own business and he does not have money or has less money, then he can do business by adopting this business strategy. Initially there is less profit but if you do this work correctly and well then you will get good profit.
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