The Dropshipping Business Model
Have you ever wondered how Amazon, Flipkart, Myntra, Shopify works? H ow did sellers are benefited and What is their Business Model? The Simple Solution is, Dropshipping Business Model. Most of the times customers are not aware of this. Let us understand this process now. What is Dropshipping Business Model? A dropshipping business is a business model where one can sell and market their products, without any inventory stocks. Here, Items are purchased from a third party or commonly known as a wholesaler, and shipped to customers. There is no need to store items in warehouses. It follows the order fulfillment method. It has become a great option for entrepreneurs because of its low investment, it is accessible. The biggest advantage of this model is it can be launched with less investment. In an online Dropshipping Business Model, you need not worry about Managing warehouses, packing and shipping, stock levels, and also about returns and inbound ship...