These sellers use “dropshipping” services so that they never own the stock they are sending to their customer, removing the traditional risk that comes with shifting products. Instead, once an order has been placed, an online seller orders directly from a warehouse, usually in China. It is then sent directly to their customer, and they pocket a chunk of the margin.
The dropshipper’s job is to market the item, sending it to the top of searches and pushing it on social media. It can be done in a few hours a week, as a “side hustle” alongside a day job or else from a beach somewhere – anywhere with an internet connection.
Now thousands of young entrepreneurs are turning to dropshipping to set up businesses fast.
If thousands are doing it then the margins aren’t going to last long, are they?
Even, to a reasonable approximation, by the time a newspaper writes it up the opportunity is gone, or at least going…..
The post How long? first appeared on Tim Worstall.
