How to Drop ship Have you ever sat and wondered how you could become an entrepreneur, well I have good news for you. In my first article about drop shipping I only talked about the business and the ups and downs of it, but in this article I will be teaching you how to start your own drop shipping business. The four steps to follow before starting a drop shipping business Step 1: Choosing what to sell If you want to start drop shipping, you must know the kind of products to sell. Trying to start a drop shipping business without knowing what to sell is like embarking on a journey without having a destination in mind. A lot of people will advice you to sell what you are passionate about but I will tell you the whole truth. Choosing a product to sell has to do with profit and passion, the best products to sell are the ones that will bring in profit. When the products you sell are bringing in profit, it will make you more passionate about maintaining your business. Step 2: B...
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...
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