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How Does Dropshipping Work?

What is Dropshipping?

Dropshipping is an e-commerce business model where you don’t have to keep any products in stock.

As a dropshipper, when you sell a product, you buy it from a third party and it gets shipped directly to your customer.  This means that you never have to handle the product, making it a much simpler process.

Recent studies show that approximately 23% of online sales are fulfilled via dropshipping, which amounts to a figure of about $85.1 billion.

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What makes dropshipping the prefect business model? 

There Is No Need To Invest In Stock

Unlike running a standard e-commerce store, with dropshipping, you don’t need to invest thousands of dollars in stock. You only buy a product once your customers have placed an order so there is no chance that you will be left with any unsold stock.

There Are Millions Of Products To Choose From

Dropshippers are able to offer a far wider range of different products because they don’t have to buy them in advance. This means that there is no limit to how many different products you can sell.  Just some of the most popular niches include health and beauty products, fashion, sportswear, baby products, jewelry, pet products, intimates, consumer electronics, and CBD oil.

You Can Concentrate On Promoting Your Store

Because you don’t have to worry about sourcing products and buying stock, you can concentrate all of your efforts on finding new customers and making more sales, therefore making more money.

You Can Run Your Store From Anywhere

As a dropshipper you don’t need a warehouse because you don’t have to fulfill your orders yourself, so you can run your business from a laptop anywhere that you can get an internet connection. This leaves you free to travel where you like and enjoy the “laptop lifestyle” as an entrepreneur.

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It’s Very Easy To Scale & Grow Your Business

Dropshipping is one of the easiest business models to scale up because of all of the reasons above and is the best way to get started online as an e-commerce retailer.

How Can You Drive Web Traffic To Dropshipping Sites?

As with any online business, driving targeted traffic to your site is the key to success. You can use a wide range of free and paid methods to do this including social media, SEO, paid ads and more. If you choose to set up your travel deals site through DFYStartups, you will get access to all of the Internet marketing training resources that you need to run a profitable site.

If you’re still unsure about which kind of startup is right for you, then please feel free to contact us for guidance and advice.