dropshipping is a retail fulfillment process where a retailer (or a retail shop) does not have a storage or stock room for the commodities, goods, or products that it sells. In this way, the retailer will never even see or physically handle the product that he sells. He will save tons of money in owning and maintaining inventory. (Location 73)
Tags: dropshipping
Note: .dropshipping retail without a storage room
In the retailing industry, one of the biggest inherent disadvantages is that you must have tens of thousands of dollars in startup capital. (Location 82)
Tags: retail
Note: .retail traditional retail has large initial capital costs
packing and shipping the orders, tracking the inventory, handling inbound shipments and returns, and managing the stock level. (Location 89)
Tags: retail
Note: .retail traditional retail have to manage stock levels, shippong, packaging
By and large, it will take at least a year of continuous effort before cash starts pouring in. (Location 141)
Make sure that the product or item that you will sell is associated with low turnover rates. Try to look for products that don’t quickly get outdated or obsolete. (Location 252)