The potential of dropshipping in eCommerce
The recent trend of dropshipping in the eCommerce industry has caught the attention of many curious eyes, as the idea of earning by e-tailing without holding any inventory is attractive; however, it also has some problems associated with it. There is no doubt that many people have made a fortune by dropshipping, including Kevin Zhang who earned $20 million in his first year of dropshipping. The business need low initial investment and tools like Oberlo on Shopify have made administration much easier. An effective business model aiming for niche store can do well in the start. The fact that managing inventory is not required means that there is no inventory risk involved in dropshipping. Though it may seem as a promising business there are a lot of problems associated with it. With numerous dropshipping stores featuring the same products from sites like Ali Express...