- Affiliate Marketing - eCommerce - Website Design - Hosting - Domain Names - Websites For Sale
Section 2: Drop Shipping Advantages & Disadvantages
Now that I’ve covered the question, “what is drop shipping?” I want to go over the benefits and downsides of owning a drop shipping business.
It’s important to me to have transparency when it comes to your options.
That way you have the complete picture and can decide if you want to build a drop shipping business or if you’d prefer one of the other business models.
Advantages of Starting A Dropshipping Business
1. You’re Location Independent
The first benefit and probably the one that’s most important to me with drop shipping is being location independent.
In the last few years I’ve lived in Vietnam, South America, and Thailand. With a drop shipping business, you really can live and work from wherever you want.
Drop shipping allows a level of location independence that not many of these other business models do. That’s why my coaching program is called “Drop Ship Lifestyle,” because you can be location independent.
2. No Inventory Costs
Another benefit is that there are no inventory costs. So when you’re starting out with drop shipping, you aren’t laying out any of your money for inventory.
The truth is that when you’re a traditional retailer, inventory is your biggest expense. You need to physically have the products to sell but with drop shipping, you don’t.
All you need is approvals from suppliers to…