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Get the lowdown on drop shipping and learn how to start your own business today!

Have you ever wanted to run your very own online retail store? It seems like the perfect job to many. You get to work from anywhere, on your own time, and also make a decent living doing so.

What if you could start doing that today?

With drop shipping, it’s possible and now as easy as ever. You can have a real business up and running within the next 24 hours - complete with everything you need to start making money.

That’s because with drop shipping, you won’t have to purchase or manufacture any inventory upfront, so most of the costs (and work) involved are removed from the equation. Essentially, all you’ll need to start your own store is to find viable products, and display them all in one place.

But first, let’s rewind a bit.

How does dropshipping work?

Drop shipping is a business model that differs from traditional retailers in how they fulfill orders. Basically, the typical drop shipping process would look like:

1. Your customer orders an item from your store. You earn the retail price.
2. You order the item from your supplier, using your customer’s delivery information. You pay at wholesale price.
3. Your supplier ships the item directly to your customer.

You only need to purchase inventory as needed, which means only to fulfill orders as they come in. When a customer buys a product from you, you sell it to them at retail price, while paying your supplier the wholesale price. You pocket the difference and end up making money - or at least that’s the idea.

When it comes down to it, drop shipping is just reselling for a profit, except the products never actually go into your possession. Products ship directly from your suppliers to your customers - eliminating a lot of the work for you.

This is what makes drop shipping so easy to get into. It’s an ideal setup for people who might not have the resources required for more traditional business models.

Is dropshipping legal?

Yes. Drop shipping is completely legal. It might sound too good to be true, but rest assured, drop shipping is a legitimate way of running a business.

In fact, plenty of retailers, big and small, currently use drop shipping as their secondary, or even primary method of serving customers.

One thing though: It might be a good idea to register your business with your local government, especially if you plan grow it for the future. Some suppliers and marketplaces will require valid business documents and tax information before working with you, anyway, so it’s good to have those ready.