Definitions from the Web
Dropshipping
Definition: Dropshipping is a business model where an ecommerce store sells products without having to keep them in stock. Instead, the store fulfills customer orders by purchasing the products from a third party and having them directly shipped to the customer.
Examples:
- As an online retailer, dropshipping allows you to offer a wide range of products without the need to invest in inventory.
- In dropshipping, the supplier takes care of packaging and shipping the products, saving you time and resources.
- Many entrepreneurs are attracted to dropshipping because it eliminates the risk of buying large quantities of products upfront.
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