Let's say you understand to concept of drop shipping. In a perfect world, it sounds like a solid plan that has no pitfalls. For a guy who has created 5 different drop shipping store, I can tell you it's not as profitable as you think. It's not all bad new, though. You can make money without ever really housing these products. Just do not come into this thinking you'll become a millionaire. Here are some things to keep aware of:
Quality
There are many instances where consumers associate Chinese products as cheap. There is some truth to that, but if you find the right manufacturer, the quality will be the last of your worries.
Customer Service
Be prepared to speak or interact with the least helpful people out there. There are many that claim they are extremely friendly. They are all lies! Then again, there is always a bad apple in every tree.
Shipping
The great things about drop shipping is that you do not have to worry about logistics. They take care of the entire shipping process. The negative side to it is that drop shippers have
Profit Margin
Unless you are selling a large number of products, the profit margin isn't as glamorous as it advertises it to be. To get a strong, high profit margin, it's better to buy in bulk. Even though it may be expensive at the beginning to purchase items upfront, you'll reap from the benefits down the road.
Here are some general drop shipper companies who I think is worth doing business with:
- T-Mart
- AliExpress (Also great place to actually shop)
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