Hello readers! My name is Samseng Irbadran, I am originally from Lebanon but currently, I live in Gothenburg, Sweden with my fiance and two cats. Today I would like to share an article that I read on dropshipping. Dropshipping is a business model where you set up an e-commerce business and sell on online marketplaces such as eBay, Amazon, or even your own Shopify store.
The uniqueness about dropshipping is that you’re able to list products for sale without having to have to hold inventory. So basically, what this means is that you only place an order with the supplier once you have gotten an order from a customer. The supplier will then ship the item directly to your customer. The way you profit through this is through putting your profit margin on top of your supplier’s price. For example, if the supplier sells to you a piece of jewelry for $10, you can put it up on sale for $25. The $15 dollar difference will be your profit. It’s not all that simple though. For example, you will need to factor in taxes, and shipping costs.
Where to learn more about dropshipping
I’ve found this interesting written guide by an experienced seller named Chris. The review is aptly called ”How to start drop shipping”. In the review, he lists tons of valuable information. What you will need to do is have a read through the review to have a better understanding of how dropshipping works. One dropshipping company, in particular, that offers extensive guide and education on dropshipping is SaleHoo.
What is SaleHoo
SaleHoo is a company that specializes in helping those interested in setting up their own e-commerce company. On their website, you can find informative articles on how to set up your own e-commerce business. On top of that, they also have a directory of verified dropship suppliers. The company is based in New Zealand but operates in worldwide markets. They have suppliers from everywhere, ranging from United States, to Birmingham, to Madrid, and more.
With that being said, I am a firm believer of the digital economy and how it will shape our lives in the next upcoming few years. I believe that all of us can learn ourselves new skills in order to compete with the direction that the world is moving in.
In my next blog post, I will share with you other types of online businesses that are available such as content creation, digital marketing, social media marketing, and more.
Until Next Time,