What exactly is ‘drop shipping?’ Drop shipping is a supply chain management technique in which a retailer does not keep goods in stock, but rather transfers customer orders and shipment details to either a manufacturer or a wholesaler, who then ships the goods directly to the customer. Drop shipping has recently become a well-known system. So what advantages can you get out of drop shipping?
First, no cost. You will not need to spend a single extra penny when utilizing drop shipping. All you will need to do is gain permission from the suppliers to resell their products, allowing you to post pictures of these items in your own store.
Second, convenient transactions. The process is very convenient for the middleman, which in this case, would be you. You ask the customer to fill out an order form and then submit it to the supplier for sorting and fulfillment. The money will be sent to you and you pay the supplier.
Third, abundance of suppliers. You can opt to have as many suppliers as you desire. Look for the wholesale sellers that welcome re-sellers in their shops. You do not have to limit yourself to only one brand. You can make a list of all the things that interest you and would be a good attraction for your shop.
Fourth, free storage. With drop shipping, you do not have to worry about having a large warehouse to store your products. All you need to have is a constant connection with prospective customers and of course, to your suppliers for price and availability updates. The only storage that you will want to have is a bigger wallet for profit gains.
Fifth, effortlessness. Drop shipping is effortless. You will not have to lift a finger or put any extra effort towards handling items. All you need to do is convince your audience to purchase your products.