You might have heard of a friend starting their online business. Then it’s likely you have heard of dropshipping.

Dropshipping is simply a model where you operate and market your online store. When there are purchases, your suppliers ship the products directly to your customers.

Here you can see the advantages of dropshipping:

• Minimal start-up capital except getting a website up, and of course a laptop. No office or storage is required
• No need to hold inventory
• No need to ship the products yourself
• Scale marketing for products that sell well

Its disadvantages are:

• Margins can be slim in competitive niches
• Important to find reliable suppliers, else you will have to manage lots of refunds or returns
• If you source from multiple suppliers, logistics get complicated

Dropshipping makes it easy for someone to start an online business, as once it is set up, it can be managed with a few hours a day. You can scale it up once you reach the desired sales target.

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