[Dropshipping] What is it?

Dropshipping is an ecommerce business model, where the vendor (you or your website) list the products from a supplier (AliExpress or someone else) and then when the visitor (or client) visit your website and purchase a product from your website or store, then you just tell your supplier (AliExpress etc) to deliver that product to the visitor’s address (client).

You take your own commission or profit with you. It’s like you own at the WholeSale price and Sell it on a Retail price. So the profit is equal to:

                    Profit = Retail Price – WholeSale Price
                    like RPrice = $40 and WSPrice = $10, then                       

                    Profit = $40 – $10 = $30

“Dropshipping is a retail fulfillment method where a store doesn’t keep the products it sells in stock. Instead, when a store sells a product, it purchases the item from a third party and has it shipped directly to the customer. As a result, the merchant never sees or handles the product”.

– Shopify

Original Blog: https://www.wakdesigns.com/dropshipping-what-is-it/

Thanks & Love,
Wak