Drop shipping is a retail fulfillment method where a store doesn't keep the products it sells in stock. Instead, when a store sells a product to their customer (at a marked up price), it purchases the item from a third party (at a whole sale price) and has it shipped directly to the customer. As a result, the merchant never sees or handles the product.
The biggest difference between drop shipping and the standard retail model is that the selling merchant doesn't stock or own inventory. Instead, the merchant purchases inventory as needed from a third party – usually a wholesaler or manufacturer – to fulfill orders. (Source - https://www.shopify.com/guides/dropshipping/understanding-dropshipping)
Watch this video to learn more!
*** FURTHER RESOURCES ***
If you haven't already I suggest you check out our free resources and our different packages -
10 Module Mini-Course: https://www.dropshiplifestyle.com/lp/mini-course/
Also, go through some sessions we did with some of our most successful members here: https://www.youtube.com/playlist?list=PLA_KE_rP-Xgk3s7onrFgEWyAR9MwNWO-S to see if Drop Ship Lifestyle is right for you.
Also, check out this link to our FAQs page where you can see the start up costs associated with starting a drop shipping business if you are from the US - https://dropshiplifestyle.zendesk.com/hc/en-us/articles/212054928-What-are-the-start-up-costs-associated-with-starting-a-drop-shipping-business-
If you are from outside the US, but want to create a US based store check out this link for the associated costs - https://dropshiplifestyle.zendesk.com/hc/en-us/articles/212121838-How-much-does-it-cost-to-start-a-dropshipping-business-if-I-live-outside-of-the-US-but-want-to-create-a-US-based-store-
Check out our Blog - https://blog.dropshiplifestyle.com/
Here’s our YouTube Channel - https://www.youtube.com/user/dropshiplifestyle
Check out our FAQ page - https://dropshiplifestyle.zendesk.com/hc/en-us
We offer a few different programs. If you’re interested in getting our premium coaching program (or our done for you service) you can get pricing here: https://www.dropshiplifestyle.com/order/
If you are just looking to get a better understanding of what drop shipping is and the basics you can sign up for our 10 Day Advanced Plan here - https://secure.dropshiplifestyle.com/10-day-advanced-plan-order-form (One time payment with Lifetime Access for $47!)
***The 10 Day Advanced Plan comes with a 100% Money Back Guarantee. You have a full 30 days to preview this course. If you decide during that time that it's not right for you, just let us know and you’ll be issued a full and prompt refund, no questions asked. You either get a great return on your investment, or you get your money back. It's that simple.
You can see what is included in all of our packages with pricing at this link -https://dropshiplifestyle.zendesk.com/hc/en-us/sections/115001189568-Bonuses-To-Being-A-Member-.
I hope this is helpful in starting your journey to creating your own eCommerce business! If you have any questions or would like some further options please don’t hesitate to reach out again.
Have a great day!