Drop Shipping – Home Based Business Ideas
What Is Drop Shipping?
Drop shipping is a retail method in which you don’t keep products in stock. Instead, you partner with a wholesale supplier that stocks its own inventory – you transfer customer orders and shipment details to them, and they ship the goods directly to the customer. The biggest benefit of drop shipping is you don’t have to worry about fulfillment or inventory issues.
Also, most customers don’t know you’re drop shipping, since “private label shipping” lets you ship from the wholesaler with a return address and invoice customized to your ecommerce store.
The Benefits of Drop Shipping
There are a number of reasons you should consider drop shipping:
1. You Don’t Need Buckets of Money: Drop shipping makes it amazingly easy to get started selling online. You don’t need to invest heavily in inventory, yet you can still offer thousands of items to your customers.
2. Convenience & Efficiency: Successfully launching and growing an ecommerce business takes a lot of work, especially if you have limited resources. Not having to worry about fulfillment is incredibly convenient and frees up your time to concentrate on marketing, customer service, and operations
3. Mobility: With all the physical fulfillment issues handled, you’re free to operate your business anywhere you can get an internet connection.
4. It’s a Trusted Model: You might be thinking that this sounds like some sketchy, fly-by-night model – but it’s not. Plenty of Shopify online stores, even major retailers like Sears, use drop shipping to offer a wider selection of products to their customers without having to deal with increased inventory hassles.