WHAT IS DROPSHIPPING?
Dropshipping is one very sure way to make money online today. It is simply an order fulfillment method that does not require a business to keep products in stock. Instead, the store sells the product, and passes on the sales order to a third-party supplier, who then ships the order to the customer.
In other words, the vendors passes on the sales order to the supplier, who then fulfills the order.
The vendor usually pays for the item at a discount by working directly with a manufacturer or wholesaler; their profit comes from the difference in the initial item cost and whatever price they sell it at.
Dropshipping is quite different from traditional online retail because it releases the seller from having to fulfill customer’s orders.
That means those into dropshipping will not be dealing with costs of manufacturing products, storing inventory and most importantly, shipping to customers.
So as a dropshipper, what do you really do? Well, you get to choose the products you love, run marketing campaigns on social media and Google and provide great customer service to your online visitors.
So in other words, dropshipping follows these basic steps:
- Choosing products from independent suppliers or dropshipping marketplace like AliExpress.
- Import items to your online store and set your prices. With dropshipping, you have full control over the products you decide to offer and profit margins.
- Accept customer orders online. Your online visitors find the products they want, check out and pay on your online store.
- Forward customer’s orders to the actual supplier. Send your customer orders and shipping details. Pay the dropshipping supplier on your customers’ behalf.
- Ship and fulfill orders through the supplier. The dropshipping supplier ships each order directly to your customers’ addresses. You’ll get a tracking number in the system so you can update your customers. You can even use your own branding on the packaging.
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