What is dropshipping?

Dropshipping is a business model that enables entrepreneurs to sell products without having to carry any inventory. Instead of purchasing products upfront and storing them, the seller partners with a supplier who will fulfill the orders on their behalf. When a customer places an order, the seller simply forwards the order details to the supplier, who then ships the products directly to the customer's doorstep. This allows the seller to focus on marketing and sales while eliminating the hassle of inventory management and shipping logistics. Dropshipping has gained popularity in recent years as it offers a low-risk, low-cost avenue for starting a business with minimal upfront investment.

This mind map was published on 30 August 2023 and has been viewed 106 times.