Dropshipping is a business model that involves selling products online without holding inventory. In this model, retailers create an online store and list products for sale that they do not physically have in stock. When a customer places an order, the retailer forwards the order to a third-party supplier who then ships the product directly to the customer.
One of the significant advantages of dropshipping is that it enables retailers to start an online business without the need for a large capital investment. Retailers can access a wide range of products and leverage third-party suppliers' infrastructure to handle shipping and logistics, allowing them to focus on marketing and generating sales.
However, dropshipping also has some drawbacks. Retailers have little control over the quality of the products, shipping times, and customer service. Additionally, retailers must find reliable suppliers and manage their relationships to ensure timely and accurate fulfillment of orders.
dropshipping