Dropshipping is a retail fulfillment method where a business doesn't keep its products on hand or in stock at a store. Instead, when the business sells a product, it purchases the item from a third party and has it shipped directly to the customer. The seller never handles the product or shipping directly, which makes dropshipping a highly flexible and cost-effective business model.
No Inventory Management
Dropshippers don't keep any physical stock, but rather transfer customers' orders to suppliers, who then ship products directly to the customer.
Lower Investment Requirement
Dropshipping cuts down on the need for excessive upfront inventory investment, making it easier to start a business.
Streamlined Operations
Retailers never have to handle physical products, allowing them to focus on marketing, customer service, and other aspects of business development.