Dropshipping is a really popular way to make easy money right now. Dropshipping involves advertising a product for sale, then giving the orders to a manufacturer or distributor, who in turn ships the product to the customer. But since the package has your name on it, most people never know where it really came from.
So how do you make money with dropshipping? First, you obtain item descriptions and prices for all the products you’re going to dropship. Then you set a price for your potential customers to see, which is naturally higher than the price you are charged by the distributor. When an order is completed, you get to keep the difference in price. Since you set the prices for every product you sell, you get to determine your profit margin. Of course this requires some business sense and a keen understanding and ability to read the market. But if you’ve got those qualities, then you could make a good dropshipper.
There are a few options for people interested in dropshipping for a living. One option is to set up an online business and sell their products through their virtual store. Since you don’t have to stock inventory, you don’t even need to rent a corporate space: it can be a complete home business run directly from your living room.
A second option for dropshipping is to use the medium of an online auctions website platform like eBay. This option allows people to work from home but can avoid the hassle of setting up their own business. Of course they will lose some of their profit to eBay and PayPal fees, but this is worth it for many people because eBay already has a built-in client base. People selling on eBay do not have to constantly worry about how to drive traffic to their site.
Source by Jeffrey Frasco