What is dropshipping? An attractive business model for the digital age.
What is dropshipping? An attractive business model for the digital age In the ever-evolving landscape of e-commerce, entrepreneurs are constantly looking for new and innovative ways to start their online business. One model that has gained significant popularity in recent years is dropshipping. This article aims to demystify dropshipping and highlight how it can be a profitable venture for aspiring entrepreneurs. Dropshipping is a business model that does not require online retailers to maintain inventory or handle the shipping process. Instead, they partner with wholesalers or manufacturers who fulfill orders on their behalf. The process is simple: When a customer purchases a product from the retailer's online store, the order is shipped to the supplier, who then ships the product directly to the customer. The retailer earns profit by selling the product at a higher price than the price at which the product was purchased from the supplier. The advantages of dropshipping are m