Decoding Dropshipping: Understanding the Dropshipping Business Model
In recent years, dropshipping has gained immense popularity as a low-risk business model that allows entrepreneurs to start their own online stores without the need for inventory. It has become a game-changer in the world of ecommerce, offering a simplified and efficient way to run a retail business. Dropshipping is a supply chain management method in which online retailers partner with suppliers and wholesalers to sell products directly to customers. The process involves three main parties: the supplier, the retailer (dropshipper), and the customer. The dropshipping business model is fairly straightforward. Here’s how it works: 1. Setting up an online […]