In every country business is the foundation of the economy and successful business gives an edge over other services. With the advent of computers and high connectivity, the global world appears to be a village where any part of the world is accessible with a click.
The improvement in business is required either when the business is running into losses or there are marginal profits, which are not sufficed for the scale of business.
Drop shipping is the management technique of starting an online business. It provides an opportunity to the businessmen to expand and improve their business. It does not require you to maintain the inventory that will cut down the costs of the warehouse.
The image below shows how dropshipping works:
In this business you have to directly approach the wholesalers or the suppliers of a specific product which in your product mix in the website. Some of the other costs are cut down like the rent of the premises and its maintenance costs. You don’t have to train employees and pay them for their wages and salaries.
You can also cut down the costs of the middleman since you are the main source between the supplier or …