Dropshipping is a method of retail fulfillment, where an online store doesn’t stock the products it sells. Instead, when an online store sells a product, it purchases the item from a third party and has it shipped directly to the customer. The seller never sees or handles the product.
The biggest difference between dropshipping and the standard retail model is that the selling merchant doesn’t stock or own inventory. Instead, the merchant purchases inventory as needed from a third party – usually a wholesaler or manufacturer – to fulfill orders.
Dropshipping for Your Online Store
Dropshipping is an easy way of stocking your online shelves with a variety of products, without the investment of buying large amounts of stock.
This is probably the biggest advantage to dropshipping. It is possible to launch an ecommerce store without having to invest thousands of dollars in inventory. Traditionally, retailers have had to tie up huge amounts of capital purchasing inventory.
With the dropshipping model, you don’t have to purchase a product unless you already made the sale and have been paid by the customer. Without major up-front inventory investments, it’s possible to start a successful dropshipping business with very little money.
Easy to Get Started – Running an ecommerce business is much easier when you don’t have to deal with physical products. With dropshipping, you don’t have to worry about managing or paying for a warehouse, packing and shipping, inventory or returns.
All of that equals low overheads. That’s got to be a good thing!
If you are interested in opening an online store, or are looking for new products for your existing store, dropshipping may be the thing you are looking for.
IHPS can dropship various products in the health, beauty, workout and sports/fitness markets.
If this fits your existing or new business plan, speak to IHPS Group. We can very probably help!