Earn Money Online Through Drop shipping: How Drop shipping works

As technology progresses, more and more established businesses are taking their transactions online.
From having a traditional brick-and-mortar store, these companies are now selling through their own websites or eCommerce platforms such as Lazada, Shopee, Shopify, etc..

The internet revolutionized and changed many things and it also affected how we trade with each other. There are opportunities now that haven't existed before. 

Money can now be earned with as little effort as possible. Read more to find out.

How Dropshipping Works

There are three key players in a drop shipping business: the supplier, you, and the customer.

• Supplier- The original seller of the goods being held for sale.
• You- The middleman/reseller who will come in between the supplier and the customer.
• Customer- The purchasing party.

In this setting, you (the middleman/reseller) will be the one to look for customer by placing ads, marketing online, setting up online stores, etc. 

Once you find a customer and that customer has placed an order and paid, you will now contact the supplier and purchase from them.

The supplier will then collect the cost of the ordered item and they will have the product shipped to your customer.

Instead of having their company name written as the sender, they would use your name or your shop's name as the sender. 

In this way, the customer would have no knowledge of the supplier's involvement. The process is popularly known as dropshipping.

How To Earn Money by Drop shipping

The income factor of being a reseller/middleman comes from the mark-up difference between the supplier's original price and your selling price of an item.

This varies across organisations. There are some suppliers who are strict with resale prices and would only want a fixed amount. 

This policy limits the gross profit you might make.

However, most of the original suppliers are more than liberal with their reseller prices. These sellers give you full control of your resale prices, and therefore your gross profit.

Supplier Benefits

Often times, offering to dropship increases a business's profitability. 

They would have more sales with less marketing costs. 

Of course, they would still have some mark up in the prices they offered to their resellers, guaranteeing them added income.

Your Benefits as a Reseller

Reselling from a business who offers to dropship is a great way to earn money online with minimal effort. This is all you have to do:

• Repost the supplier's products on your own online store or business Instagram account of Facebook Page.
• Market and advertise the product, get people to notice them and entertain their orders and concern.
• Collect customer's money and send the supplier's cost of the product for you.

Reselling for companies who offer to drop ship is a great way to make money online at the comfort of your own home. 

There's no initial cash out involved and no hidden fees: it's just you, your marketing, and persuasion skills.

If you're interested in making dough this way, Click here for a step by step guide on how to get started with reselling drop ships.