Everyone is searching for those ways to become their own boss and leave the 9 to 5 behind for good. And while there are a lot of good ideas out there, one that is sparking everyone’s attention is dropshipping. So, what is drop shipping and why you should think about doing it yourself.
What is dropshipping?
Dropshipping is a form of selling that means that you don’t have to hold any stock. This fulfilment shipping is a great way to have your own virtual store by reducing your warehouse overheads to nothing. All you have to do is build a website and get people to buy stuff. You would work with a shipping partner to supply your customers with the goods that they want. You, the owner of the website store, never have to see or handle the products that you are selling.
This sounds like a scam, are there any successful dropshipping companies?
We know it might sound like a scam but it is a completely legitimate way to run a business. There are many different dropshipping stores that are pulling in several thousand dollars of profit every day. You pay the shipping partner their wholesale price, you sell the item at a higher price that you set yourself. The difference between those two prices is pure profit and all for you to keep. If you want to learn about a success story, meet Irwin Dominguez from San Diego. Within 8 months made $1,000,000 in profit as a dropshipper.
What is the downside?
The downside is that your shipping partners can be unreliable. You need to choose carefully who you are working with to ensure that your customers are receiving their products. There are also the problems that come with customer service, and being a one-person team. You might want to leave the 9 to 5 behind, but getting started with dropshipping can be time-consuming. If this is something that you want to do, you should research as much as you can to ensure that your store will be a successful one.
Can anyone do it?
Yes! One of the best things about dropshipping is that anyone with an eye for creating and a laptop can become a dropshipper. You can set up your store within a couple of days. As we stated in the previous point, it is better if you do your research, but this information is available to anyone. You don’t need to have a business degree to make this a success story. A lot of the platforms have guides and academies so you can learn the best ways to make your new business work.
And there you have it. A simple way to create your own online store that you can run from your kitchen table in your pj’s. You never have to leave the house while you are running it unless you want to. Check out some of the free guides that are available and see if this could be the newest business venture for you.
Author - Chris
Author, Editor, Creator of this website.