Dropshipping in Plain English
Dropshipping is a highly successful form of selling which has been going on in the USA for many years, it is now beginning to emerge in other countries but it is still relatively new in some developed countries like the UK. Unlike other traditional ways of running an online business IE finding and buying stock in bulk, storing it and then trying to sell it, dropshipping means that you don’t actually have to buy the stock until you have already made the sale!
Here is a flow guide of what happens:
1 - You find the dropship supplier
2 - You advertise their stock under your own name
3 - When you have a sale, you purchase the item from the dropship supplier
4 - The dropshipper then posts it directly to your customers address
The profit margin is the money left from your sale after you've ordered from the dropshipper, the profit is all yours!
Want to be A Dropshipper?
In practice it dropshipping is a very simple process. The problems come when you need to start monitoring stock and have lots of orders to fulfil. These are small challenges compared to the returns you can get form a business like this. To learn more about running a business like this you need to join an Online Dropshipper service and research as much as you can by reading Business Articles and chatting on lots of forums!
You are welcome to link to this article, if you copy it into your website please make sure nothing is edited and the links remain live. Happy Dropshipping!