No stock, No worries.
Dropshipping makes up a large percentage of all eCommerce stores on the internet. Dropshipping requires no warehouses, no shipping, no trips to the post office, no stock management and no risk.
Dropshipping is when you have another supplier or manufacturer ship YOUR customers order. Obviously you charge much more than what the supplier or manufacturer charges you.
Dropshipping requires a web store, which I recommend Shopify for. Shopify’s low prices, plentiful features and amazing support make it the best option on the market. Click HERE for a fourteen day FREE trial of Shopify. There really is no other better option for dropshipping.
For example of dropshipping, consider this situation. A client pays you $15 for a product on your website. They give you their shipping information and payment. You then contact your wholesaler, manufacturer or AliExpress contact. You then pay them $5 for the product, and give them your clients shipping details and they manage the storage, packing and shipping of the product. This leaves you with an example of $10 profit. Depending on what you sell, you can make up to $100 per product, which is pretty damn good.
Wikipedia defines dropshipping as
“Drop shipping is a supply chain management method in which the retailer does not keep goods in stock but instead transfers customer orders and shipment details to either the manufacturer, another retailer, or a wholesaler, who then ships the goods directly to the customer. As in retail businesses, the majority of retailers make their profit on the difference between the wholesale and retail price, but some retailers earn an agreed percentage of the sales in commission, paid by the wholesaler to the retailer.”