If you dream about owning an online business, the easiest and cheapest way to do it is to turn your attention to dropshipping. Dropshipping is an online business model in which you are the middleman. This business model allows you to avoid building an inventory line, which means that the initial cost of launching the business is much smaller compared to other business models. Of course that selling things online is not a walk in the park, but if you are passionate about it and have good ideas, then you can make it work. A dropshipping business model means that you team up with manufacturers and suppliers. If you team up with enough manufacturers and suppliers, you can offer a good variety of goods, which means that you can easier attract customers. Once you receive an order, you simply forward it to your supplier, and it is the supplier who handles everything, including the shipping.
Dropshipping allows you to forget about the worries of creating an inventory, handling it, stocking, storing the goods, packing, and shipping them. You indeed have little control over what is happening on the suppliers end, which means that you will be responsible for issues that you didnt cause. You are the only contact that your customers have, so, naturally, they come to you when something is wrong with their order. However, you are in charge of pricing the items, and dropshipping is the type of online business that allows you to go for lunch with your friends or have a quick coffee with your parents in the middle of the day. It is the type of online business that can guarantee financial stability and the freedom that you cant have at a 9 to 5 job.
If you are ready to learn how to dropship because you feel very attracted to this type of business, there are two ways to do it: either on your own or via an online retailer. There are pros and cons to both options, and the right choice is the one that best suits your preferences. If you choose to dropship via an online retailer, such as Amazon, you will have to pay fees of anywhere between 10-15% of the profit. In addition to this, you dont have control over how the items are marketed and advertised. However, you dont have to worry about SEO and marketing tools because Amazon will handle those for you. Also, dropshipping via such a huge supplier means that you get instant access to a big audience. If you choose to dropship on your own, you can keep all the profit to yourself and have control over how your shop is organized and advertised, but you also have to do a lot of things on your own, such as SEO and marketing. SEO can be very expensive and complicated, especially if you are a beginner, so balance the pros and the cons of both options and see which one is best for you.