Dropshipping for Small Businesses

Posted under: SMB
Date: 2023-12-14
Dropshipping for Small Businesses

Dropshipping is an innovative and popular business model in the e-commerce space. It allows online store owners to sell products directly to customers without having to maintain a physical inventory or worry about shipping logistics. In the dropshipping model, retailers don’t need to pre-purchase and maintain a physical inventory. Instead, they display the products offered by their dropshipping suppliers on their online store. When a customer makes a purchase from the online store, the retailer collects the payment, which includes the cost of the product and the shipping fee. Upon a customer’s purchase, the store then forwards the customer’s order details to the dropship supplier. The dropship supplier is responsible for packing the ordered item and shipping it directly to the customer on behalf of the retailer. Dropshipping is an excellent business model for aspiring entrepreneurs looking to venture into the e-commerce industry.

Read more at: smallbiztrends.com