I often hear about dropshipping, but I don't fully understand what it is and how it works. I've heard that it has to do with selling goods without having to store them, but I'm not sure how it works in practice. Who can explain in simple words what dropshipping is and what its main advantages are?
Dropshipping is when you sell goods that you don't actually have in stock. When a customer places an order, you simply pass it on to the supplier, who sends the goods directly to the customer. This way you save on storage and shipping costs
I know it can be confusing if you're new to dropshipping. When I was starting, I felt the same way. Check out this guide here to define dropshipping and understand how it actually works. It explains the basics and the main perks, like not needing to handle or store the products yourself. It's a solid resource to get a clear idea of how dropshipping can be set up and managed.