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Why Dropshipping is a Great Business Idea?

Understand Dropshipping

Dropshipping is a supply chain management system where a store doesn’t need to keep the products it sells in stock. Rather, when an online store sells a product, it purchases or directly orders the item from a third party and it shipped to the customer. Thus, the seller never sees or handles the item.

The dropshipping model has a number of benefits and drawbacks:

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Benefits of Dropshipping

Easy to Get Started — If you don’t want to deal with the physical products, It’s much easier to start an eCommerce dropshipping business. With dropshipping, you don’t have to worry about:

  • Handling returns and inbound shipments
  • Packing & shipping your orders
  • Accounting and Tracking inventory
  • Managing stock level and continuously ordering products

Drawbacks of Dropshipping

Inventory Issues — It’s relatively simple to keep track of which items are in and out of stock if you stock all your own items. But when you’re sourcing from multiple warehouses, which are also fulfilling orders for other merchants, inventory changes on a daily basis. While there are ways you can better sync your store’s inventory with your suppliers’, these solutions don’t always work seamlessly, and suppliers don’t always support the technology required. Check out this best solution of Inventory Issue.

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