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22 Jan 2012 10:09 AM #1
Setting up a new store online - Drop shipping explanation and information
Hi,
I want to set up an online shop, but do not have room for stock. Is it possible to have a supplier for the goods who I can contact when someone wants to buy an item in my store??
Would I have to pay the supplier money for each item I sell individually?
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03 Feb 2012 05:05 AM #2
Hi Cath69,
Welcome to Wholesale Forum
What you have described is also known as a supply chain technique called drop shipping. A drop ship supplier allows you to display their products in your store or eBay listings without you holding that stock. When you make a sale, you simply forward that order to the drop shipper. Once you have paid for the item, your drop shipper will ship it to your customer with your details on the package.
One advantage of using a drop ship supplier is that you will decrease the likelihood of being left with overstocks, which could lead to an overall loss of your resale activity. Drop shipping also reduces the need for a warehouse or other storage facility, plus you won't have to handle packaging and shipping, and will be able to focus on customer service and marketing. The difference between the drop ship supplier's price + shipping costs and the retail price will be your profit.
Now, this on paper sounds simple, however in reality the Internet makes things much more complex. You aren't just trying to find buyers who want your product, you also need to compete against millions other sellers, many of whom are buying in bulk and therefore at prices much cheaper than you can source at this stage of your business. This in turn means that most of the drop shippers you find widely publicized online must be avoided, either because they are overused, middlemen, overpriced, or all of them combined...
To learn more about how drop shipping, and how drop ship suppliers can benefit your business, you should read the following threads:- https://www.wholesaleforum.com/discu...approach-1775/
- https://www.wholesaleforum.com/discu...essfully-1725/
- https://www.wholesaleforum.com/discu...ppliers-16670/
- https://www.wholesaleforum.com/discu...profits-16592/
- https://www.wholesaleforum.com/discu...es-pitch-1436/
- https://www.wholesaleforum.com/discu...shipping-3579/
- https://www.wholesaleforum.com/discu...ng-china-9573/
- https://www.wholesaleforum.com/discu...ll-about-1651/
- https://www.wholesaleforum.com/discu...markets-16543/
- https://www.wholesaleforum.com/discu...at-sell-11574/
- https://www.wholesaleforum.com/discu...products-1437/
- https://www.wholesaleforum.com/discu...ld-avoid-3181/
Have a look at the following threads to read member testimonials and learn more about finding and verifying suppliers:- https://www.wholesaleforum.com/discu...instantly-105/
- https://www.wholesaleforum.com/discu...-seller-15048/
- https://www.wholesaleforum.com/discu...-sources-1467/
- https://www.wholesaleforum.com/discu...-one-year-530/
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