Dropshipping is a retail fulfillment method where an online store doesn’t keep the products it sells in stock, so they don’t need to have investment for starting a business. Instead, when a store sells a product, it purchases the item from a third party and has it shipped directly to the customer. As a result, the DropShipper never needs to handle the product delivery hassle but they can easily earn a profit from successful deliveries.
Here are the steps to start Drop Shipping Business in Bangladesh. The process of dropshipping involves the following steps:
- The retailer sets up an online store and chooses the products they want to sell.
- The retailer finds a supplier or manufacturer who is willing to dropship the products you can start to drop shipping business with DropShop in Bangladesh to start a drop shipping business in Bangladesh.
- The retailer lists the products on their online store and sets the prices.
- When a customer places an order, the retailer purchases the product from the supplier at a wholesale price.
- The supplier ships the product directly to the customer.
- The retailer keeps the difference between the wholesale and retail price as their profit.
Dropshipping can be a low-risk business model because the retailer does not have to invest in inventory upfront. However, it also means that the retailer has less control over product quality, shipping times, and customer service, as they rely on the supplier to handle these aspects of the business.
