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What Is Dropshipping?

Dropshipping is a retail fulfillment method where a store doesn't keep the products it sells in stock. Instead, when a store sells a product, it purchases the item from a third party and has it shipped directly to the customer.

To someone who is new to the online business world and looking to break into the e-commerce scene, the dropshipping process can seem a little intimidating as it can be difficult to find a reliable source that tells you everything you need to know.

This kind of business model is extremely attractive as it eliminates the need for the store owner to have a physical business location such as an office space or warehouse – instead, all they need is a laptop and an internet connection.

Pros & Cons of Dropshipping

1. Low profit margins.

You put less money in, but you get less money out. That means you have to do a lot of business just to stay afloat, let alone turn a profit.

2. Vast Opportunities.

Selling online makes more financial sense for someone looking to test out new business ideas.

Imagine being able to market your store to the whole world's population vs just your local neighborhood if you were to open a brick-n-mortar shop.

Dropshipping Business Ideas

If you’re interested in dropshipping but don’t know where to start, here’s a list of product ideas for inspiration. We tried to only list auxiliary items that could fit the product range of any industry.

Tote bags supporting a cause or charity.
Novelty t-shirts.
Funny coffee mugs.
Motivational bookmarks.
Inexpensive watches or jewelry.
Marketing merchandise (shirts, bags, mugs, pens, etc., with your logo).

How To Acccept Payment From Your Online Store

From a customer’s perspective, PayPal is a great system as it tends to favor customers over merchants. If a customer has a payment dispute or wants a refund, for instance, you can bet that PayPal will take the customer’s word and respond accordingly. All of this is meant to protect the many millions of people who use PayPal to make purchases every day.

Is Dropshipping Profitable?

Drop shipping usually works best when you can a) offer a tremendous amount of informational value with your products and b) you can sell a lot of high-margin accessories or c) you use it to supplement a catalog of your own proprietary products.

Article By J. Brandt - Posted on 8th of January 2020

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