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The Real Issue: DropShipping
Manage episode 311518512 series 3134609
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Bet you didn't know that Hobby Home and Garden actually dropships its own products to other entrepreneurs around Australia. We wanted to help other businesses who couldn't and didn't have the money to start their own business.
So what is dropshipping?
The biggest difference between dropshipping and the standard retail model is that the selling merchant doesn’t stock or own inventory. Instead, the seller purchases inventory as needed from a third party—usually a wholesaler or manufacturer—to fulfil orders.
Dropshipping is a great business model for aspiring entrepreneurs to start with because it’s accessible. With dropshipping, you can quickly test different business ideas with limited downside, which lets you learn a lot about how to choose and market in-demand products. Here are a few other reasons why dropshipping is such a popular model.
Listen to find out about the benefits of dropshipping!
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