- Learn all about Dropshiping
Learn all about Dropshiping
In the image you can appreciate the important growth of dropshiping in the last 5 years in the world.If you have heard about Dropshipping but still do not know what we are talking about, you are missing out on a large part of this type of business type .First of all, we have to be clear about Dropshipping, what it is and what it is used for.
What is Dropshiping
Dropshiping is a business model based on the online sale of products where the owner of the online store does not have stock. He will make agreements and negotiations with the manufacturer or wholesaler so that it is he who sends his products directly to the final customer.
Products sold by practicing dropshipping, the store owner or seller, do not need to have the products physically. This is how the seller does not need to have stock and keep it somewhere physical. In this way, different online businesses do not need a physical store, nor a real stock of the products offered for sale. This innovative method allows every seller to open their online portal where they can sell, using dropshiping.
These online places are often referred to as e-commerce, while the wholesaler is known as dropshipper.
I cannot tell you the level of earnings, it will depend on many factors that you will have to discover. I live in Argentina I have tried to work with wholesalers in the USA, unfortunately distance complicates the business for me.
I have no doubt that I would advance with dropshiping in more developed countries. For us as sellers making a good agreement, we would surely earn very good money.
Like other members I advise you to seriously investigate the issue, covering all aspects, regulation, local laws, etc. I hope I have given you good ideas.
Dropshipping has been around for a long time. I remember there was a guy back in the 80's who was selling a course on how to do dropshipping. And back then you would have to do copywriting to put ads in newspapers and magazines.
The concept is still the same today. Back then the cost of learning was very steep if you were inexperienced in copywriting. So, lot of it was trial and error, In this day and age with the advent of the internet, I believe that the cost of advertising went down significantly and it's more controlled.