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What is Drop Shipping And Why Is It Important?

This Drop Shipping method involved retailers or merchants not actually holding stock but instead arranging for products from manufacturers or wholesalers to be shipped directly to customers. Import export management course will help you in starting your export business. Drop shipping is a retail fulfilment technique in which a store doesn’t keep the goods it sells in stock. The seller does not have to handle the product directly, since the item is purchased from a third party and shipped directly to the customer. Merchants are not involved in this method because they don’t handle the products and are only charged per item shipped.

Benefits of Drop Shipping:

Easy to understand and start
Save your time & money
Flexible location
Easy to manage
Easy to scale your business
Offering a variety of products

Drop shipping is one of the safest and easiest ways to conduct business. Since it doesn’t require as much investment as traditional retail, drop shipping is a low-risk online business. Another advantage to drop shipping is that sellers don’t have to hold their inventory.

Process of Drop shipping:

Customers place orders on retail websites or in stores.
A copy of the order and payment information is sent to the wholesaler
On the delivery docket, the wholesaler lists the retailer’s contact information and branding and then packs and ships the ordered product.
The customer receives the product that they ordered
Further inquiries or returns are handled by the retailer

The information provided above is part of our Online Export Import Training course. Join our export import business training and get every answer to your question