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

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. Drop shipping leaves all these responsibility to a third party and so your only job in this arrangement is to make sure they get your customer orders.

Disadvantages

Less control over order fulfillment and long shipping times

Since order fulfillment and shipping are taken care off by a third party, you don't really have any control over it. You don't carry the cost for warehousing stock, but you will have to pay for dissatisfied customers.

Reliance on other people's stock

Since you are not keeping stock and have to rely on the producer, you are at a disadvantage

because if they run out of stock, you also run out of stock.

Less profit

The hidden 'cost' of drop shipping is the lack of bulk pricing.You will likely pay more for each item you sell as compared to when keeping a large inventory, leading to less profit.

Poorer customer service

You place your deliveries on the supplier and so if he delivers them late, damages the product, delivers the wrong item or screws up the customers order. The fault will be directed towards you and you would have to pay and deal with unhappy customers.

Conclusion

There are many websites that could help you set-up your drop shipping store and we would do you a favor of giving you bunch of them

We would also help those of you who are having any problems, just send an email to makingmillionaires40@gmail.com.