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Dropshipping is an order fulfillment business model wherein the seller does not own a physical inventory of his items. Rather, a reliable third-party source—a dropshipping platform—takes care of the inventory management and fulfills the orders for the seller.
The key to successful dropshipping is to find a remarkable platform that will open the way for the seller to be connected to thousands of suppliers of the best-selling products all over the world.
Dropshipping, a $15 billion industry, is branded as one of the best and easiest ways to start an eCommerce business, especially if you are a beginner. Here’s why:
Unlike in retail, in dropshipping, you won’t already have to worry about these things:
Dropshipping is a low-risk business model that allows you to sell products to your customers without incurring high operating costs as a wholesaler would.
Because of these lower costs, it is easier and faster to profit from dropshipping compared to other business models. You can set the price of your products in a way that covers marketing and shipping costs while gaining profit.
The biggest advantage of dropshipping is its low beginning capital requirements. You won’t have to stock up on inventory. Your items are already secured or bought by your customers before you process the orders.
Since you don’t need to worry about inventory and all your sales are made pre-purchase, you can explore and sell different types of products in your eCommerce store.
You can dropship to anywhere you’d like. All you have to do is pick a good market, do your research, and work with your dropshipping fulfillment platform!
Looking for a one-stop dropshipping partner in China?
Wiio Dropshipping manages all aspects of the dropshipping process for you—including product sourcing and purchasing, warehousing and quality control, as well as order fulfillment.
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