Understanding Dropshipping
Dropshipping is a retail fulfillment model in which a store doesn't keep the products they sell physically in stock. Instead, when a customer purchases a product, you'll purchase inventory from a third party and have it shipped directly to your customers. Dropshipping is a fantastic model for businesses with few employees or with limited capital and inventory storage space, as there is little up-front investment and you never handle the merchandise yourself.
This course will get you started on dropshipping, and impart an understanding of the process and its benefits to your company. In the following lessons, we'll cover:
- The benefits and drawbacks of the dropshipping model.
- An overview of dropshipping details, such as return policies.
- How the dropshipping process works.
- Finding the right dropshipping company for your business.
- A breakdown of the fees you can expect.
- Lesson 1: The Benefits of DropshippingIf you're interested in dropshipping you're probably interested in learning more about the benefits it can provide to your business. This eCommerce University lesson goes into detail about the positives of dropshipping and how they can help your business succeed.
- Lesson 2: How Does the Dropshipping Process Work?Since part of the appeal of dropshipping is that you don't have to handle products yourself, you need to understand what goes on between you and your supplier when you receive an order. This lesson covers the order and fulfillment process as well as important considerations like returns.
- Lesson 3: How to Find the Right Dropshipping CompanyThere are a few ways to choose the right dropshipping supplier, so you have some choices as to how you source your products. This lesson covers the different methods you can follow to get in touch with manufacturers and distributors willing to fulfill your orders through dropshipping.