Sometimes referred to as inventory free retail or the endless aisle, drop shipping is a retail model that gets a lot of hype as well as its fair share of bashing. In reality, drop shipping probably inhabits the middle ground between effortless riches and unbearably low profit margins. Let’s look at the pros and cons of drop shipping, along with some tips to increase your chances of success.
The Auto Pilot Dream
A popular spin on the advantages of drop shipping is that once you have your system up and running, you can trade the workaday world for a beautiful white sand beach. With a mai-tai in one hand and your cellphone in the other, you’ll spend your days lazing in the sun without a care as the money pours in through a steady stream of drop ship orders. While it’s true that minimal physical involvement is required since you won’t be packing and shipping inventory yourself, smart entrepreneurs don’t get into drop shipping expecting it to be the great escape. Drop shipping has some inherit complexities and problems you’ll need to be able to handle…. Read the full article