How do I start a dropshipping business?

Dropshipping is a great way to start a business without the heavy financial investments. But as it often happens, this method can also present some flaws and problems that we need to keep in mind when going into this endeavor.

In dropshipping, you don’t need an actual inventory - all you need is a product and some e-commerce platform (eBay, Amazon, Etsy). Since there are no actual products in store at any point of time while running your store - there is no risk of damage or loss of goods. Dropshipping also helps you avoid paying for costly shipping costs because the customer pays for this service when they order from you.

The biggest problem with dropshipping is competition. When you choose this business model over others like eCommerce or retailing - it means that other people are doing the same thing too meaning there will be more sellers than buyers for the same niche. Lower margins due to high competition might discourage people from starting their own