3. LOCATION LOCATION LOCATION
The beauty of drop shipping is the flexibility of location.
As an online retailer and drop shipper you have the flexibility of working where ever you want. You could be working from your dining table, home office, a cafe in the city, a beach in Asia or anywhere your flexible lifestyle leads.
Regardless of where you are located your customers receive the same shopping experience, can communicate with you and orders can be processed in the same time frames.
4. Stock and Diversity of Product.
If you were establishing an online or physical store to sell your own goods you would be limited by initial investment. You would probably be limited to a few items which you would need to purchase in high quantity.
Drop shipping allows you to sell as many products as you wish.
Basically if you have the time to add a product to your site you have the opportunity to sell them. You can list unlimited items and the only cost to you is your time.
5. Workload and upscaling
As a drop shipper the major work load will fall on your suppliers. They hold the product, pack the product, ship the product etc.
Your workload is to get the sales. When successful YES your workload will increase but only in terms of placing orders. Meaning you can upscale rapidly and the huge costs normally associated with up scaling a physical business are not incurred.
Is there a special 'lingo' for dropshippers? I can imagine it being so popular that googling 'dropshopping inventory' may not lead to the best results ;-)
Thank you, Wim
Reply
And now that I have become an "expert" and am looking to enhance my pre-retirement income and develop income streams that I can continue after my official retirement, it looks like Dropshipping could be a winner for me.
John
Questions: When you are checking out the reputations of various drop shippers, how do you find out whether they actually fulfill their ends properly? Is there somewhere to see any comparison charts of the different drop ship companies?
Is this the same thing as if you find a company that sells and ships it's own physical products which you become a (seller) for. For example, I know a company called Regal that produces it's own stuff and looks for people to market it. They will give you your own site or just the ads. You post these on your site with pictures and your link back to the company site where they process the purchase and order. If this is not drop shipping - what is it?
The best is to find a drop ship listing company . There are many but you need to verify the quality by reading their reviews and recommendations
Dropshippers basically are the suppliers of products. They will form an agreement with you to sell you their products for a certain price. You then list those products on your website and you decide how much to charge your customers. When someone orders a product they pay you. You then order and pay the dropshipper. So if you sell a product for $25 you may only be paying $15 to the dropshipper
You keep the profit and the dropshipper sends the product to your customer.
What you describe is more affiliation where you promote the goods but the order is actually made on the suppliers website and you gain a commison - like Amazon
Hope this helps
