Dropshipping is one of the popular order fulfillment methods where online suppliers don’t have to store and ship their own products. But, merchants get in a deal with other dropshipping suppliers: and manufacturers to choose, pack, as well as ship their products. When any merchant gets the new order on the website, they notify their supplier, and item gets dropshipped straight to the customer. So, merchant never sees or touches the product, this is how the process works. But, before you go ahead with this business plan, you need to search for the best dropshipping company or check Dropshipping Reviews online.
How Does Dropshipping Method Work?
Dropshipping method works in a very simple and trouble free way and it generally includes three easy steps:
- Store owner publishes the products he wants to sell his store online, then customer sees that product & places the order on their website.
- Retailer gets complete details about that order & forwards these details of customer & order automatically or manually to dropship supplier.
- After that supplier ships the requested products straight to the client with store owner’s branding.
Dropshipping is one of the most attractive business models, because it completely eliminates warehousing cost of a store owner. With the drop shipping process, store owners do not have to buy all the stocks and redirect the orders to a right supplier. You do not require any physical business place.
Though dropshipping might not be a perfect business model for many types of business, however it is the best option for entrepreneur that will work really well with this drop-shipping model. With the dropshipping method, entrepreneur gets complete freedom to test out new products before investing in any new inventory or stocking.
There are certain risks of buying the new products as it might not sell or if entrepreneur lowers his risks & perform stock validation before purchasing then dropshipping will be an ideal business model.