Dropshipping- Way of Earning Money

What is Drop shipping?

• Drop shipping is a retail fulfilment method where a store doesn’t keep the products it sells in stock.
• The biggest difference between drop shipping and the standard retail model is that the selling merchant doesn’t stock or own inventory as the seller purchases inventory from a third party (usually a wholesaler or manufacturer) to fulfil orders. 
• Now understand like this, someone come to you and order some abc item and you will accept the order and then the 3rd party with whom you have membership will provide you abc product and on the basis of the stock you will get commission actually you act as a middleman between actual buyer and seller.
• Drop shipping is not a get-rich-quick scheme.
• Shopify is the best platform if you are a newbie and want to develop online store.

Benefits-

• Less capital is required.
• You can do drop shipping from any locations.
• Low overhead is there.
• We can easily start the drop shipping business. 

Drawbacks-

• Low margin.
• Inventory issues.
• Supplier issues as sometimes supplier does not provide you enough stock by which there can be trust issues between you and your customer.