Drop shipping is not a ‘get-rich-quick’ scheme. As with any business, success requires dedication and hard work. However, there are distinct benefits to using drop shipping in your online business:
• You can become a retailer without needing to invent large amounts of money.
• You can start a business and test the market with very little risk.
• You don’t have to carry inventory or pay for inventory up front—if the product doesn’t sell, you never have to buy it from the supplier.
• You don’t have to buy packaging materials and shipping labels, nor will you need a shipping account. The supplier handles all of this for you.
• You purchase products at wholesale pricing and set your own retail prices.
• You can focus more time and resources on revenue-producing activities like marketing, advertising and product research instead of inventory management, packing and shipping.
But...
Many retailers get a lot of value from working with drop shipping suppliers, but it is by no means a perfect solution for everyone. Drop shipping comes with some drawbacks, including the following:
• You lose some control over shipping times, packaging processes, and package branding.
• Your supplier may run out of a hot-selling product.
• Drop shipping fees (a handling fee set by the supplier for each order) may increase your expenses.
• You can’t take advantage of discounts for buying in bulk up front. This is the trade-off for the supplier bearing the cost and risk of managing the inventory.
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Drop shipping is not a ‘get-rich-quick’ scheme. As with any business, success requires dedication and hard work. However, there are distinct benefits to using drop shipping in your online business:
• You can become a retailer without needing to invent large amounts of money.
• You can start a business and test the market with very little risk.
• You don’t have to carry inventory or pay for inventory up front—if the product doesn’t sell, you never have
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