

DECEMBER 2024
ISSUE 65
SELECT YOUR LANGUAGE
We Educate to Elevate.

BUSINESS & FINANCIAL MATTERS
Drop Shipping


Drop Shipping is a retail method where a business sells products online without keeping them in stock. The customer places an order and the seller purchases the product from a third-party supplier who then directly ships the products to the customer. The advantages of drop shipping are: the seller does not need to store the products (the supplier stores the products); the seller forwards the order to the supplier; the supplier ships the products, and the seller makes a profit by marking up the price of the product without the customer knowing the retail cost.
The disadvantage of drop shipping is that the seller does not see the condition of the product before it is shipped to the customer, and has no control over the timing of when the product is shipped to the customer.
Drop shippers run online stores that market and sell products. If you are interested in selling products online through drop shipping, you can research using a drop shipping app, such as: Zendrop, and Spocket.
Companies that offer drop shipping are:
-AliExpress
-Wholesale2B
-Sunrise Wholesale
Whatever drop shipping company you decide to use, make sure you research the company first, make sure they supply the type and quality of products you want to sell, and read any reviews to determine how well they do business.
By Jason Torrents