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Showing posts from April, 2019

Tired of your 9-5 job, try drop shipping.

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What is drop shipping? Drop shipping is an order fulfillment method whereby the supplier or store owner does not hold any inventory, rather he procures items directly the producer and ships it to the consumer. It is an E-commerce model that makes life easy for the store owner and reduces the amount of risk involved. Pros & Cons of drop shipping Drop shipping is not the perfect business model as it comes with its advantages and disadvantages Advantages Low start-up cost Drop-shipping does not require you to stock up a warehouse and therefore reduces the start-up cost for setting up this business. Low cost of inventory The cost of inventory is one of the highest cost incurred if you own a warehouse stock. Since you are not keeping stock there would be low cost of inventory and enough time to focus on your customer base. Low order fulfillment costs Order fulfillment usually requires you to warehouse,organize,track,label,pick and pack and ship your stock. D...