Home Business on a Shoestring: Dropship Products With No Inventory
If you want to start a home business but are short on start up money, you can sell dropship
products with no inventory!
The dropship business model is undoubtedly the fastest, easiest and least expensive of any ecommerce business to start up and maintain. Anyone ho wants to get out of a dead end job that brings them nothing except high stress and low pay should look at starting a home dropshipping business.
If you have heard of dropshipping but aren’t exactly sure what it is and how it works, you might be glad of a better explanation. So, once again we turn to that free online encyclopedia, Wikipedia, which is an authority site on just about everything under the sun:
“Drop shipping is a supply chain management technique in which the retailer does not keep goods in stock, but instead transfers customer orders and shipment details to either the manufacturer or a wholesaler, who then ships the goods directly to the customer. As in retail businesses, the majority of retailers make their profit on the difference between the wholesale and retail price but some retailers earn an agreed percentage of the sales in commission, paid by the wholesaler to the retailer.”
Does this make it a little easier to understand how on earth you can sell products without inventory?
When you dropship, your wholesale product source houses your inventory. You never have it in your physical possession. This is wonderful for you! Why? Because you don’t have to toil way unloading products and placing them onto your shelves in a storage space…..then pulling them back out as they sell. Nor do you have to worry about buying too much inventory of items that don’t have the sell through rate you had hoped for and being stuck with a bunch of excess stuff nobody wants.
Another plus? You don’t have the hassle or expense of shipping products as they are sold. This is a tremendous boon! No trips to the post office and standing in line to mail products. No buying expensive packing and shipping supplies. Your wholesale dropship product supplier takes care of all of that for you.
This leaves you free to do what will make money---sell, sell, sell!
You choose a reputable wholesale product source, then select the dropship products you ant to sell online and list them on the venue or marketplace of your choice.
If you need to get income started flowing into your coffers right away, you might be well advised to start your home business on a big marketplace like Amazon or eBay that has millions of global shoppers every day. There are advantages to having your won website and perhaps you might want to explore this route at a later date. But, when you want to get your home business started on the cheap and super fast---stick with one of these established venues.
You won’t pay for any products you dropship until each has sold and your customer has paid you the money for them. At that point, you pay your product source and provide them with all the pertinent info about the transaction, and then they see to everything else.
How’s that for easy and low cost?
A home dropship business is one that can provide you with a very comfortable living and can be started on a shoestring, so get your business up and running the easy way---sell products online with no inventory!