In e-commerce, there’s been a lot of talk about drop shipping.
If you are not familiar with drop shipping, it’s a business model where you, as a store owner, don’t need to buy products in advance. You just add a necessary product to your site and when someone purchases it, you buy it from supplier who ships this item directly to your customer.
So, when starting an online business, it lets you easily avoid the hassles of things like developing products, tracking inventory, setting up warehouse space, and maintaining a confusing shipping/receiving infrastructure.
Drop shipping is considered a low-risk business model making it great for new entrepreneurs.