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What is drop shipping?

What is drop shipping

A lot of people who are looking to try new and modern business ideas with limited budget and resources are jumping to the idea of drop shipping. It is a new and modern form of business wherein you don’t manufacture or own any products but have an online store of yours with a product catalog. 

What you essentially do is have an arrangement with suppliers who make these products and adhere to the best of quality. Every time you get an order for any of the products displayed on your website, you talk to the supplier and the supplier in turn ships the order for you. So, in these cases, you end up serving as a middle man who helps the customers get the products they want and the suppliers, in turn, get extra orders because of you. This is a great way to make money. 

As you are not involved with the production, storage, and even the distribution process, you can easily focus on the marketing of your website which in turn will fetch you a greater number of orders. 

Can drop shipping business be carried with zero budget?

Ideally, no business can be carried out with a zero budget. You will need some kind of preliminary investment for the sake of starting your venture. As soon as you think of starting a drop shipping business, you will first need to get a domain. Buying a domain involves money. When you have done this, you have to put in marketing efforts. Along with it, the designing and development team too needs to start their work. This is not all, as there has to be a dedicated team in place which will look into the smooth operation of your online portal. 

So, it would be wrong to say that you can carry out the business with zero budget in mind. 

Is it a profitable venture? 

When it comes to drop shipping, there is a definite chance of gaining the right kind of profits. As you are going to sell the products on a premium based on the price quoted by sellers, you are going to earn a little on every order. 

So, if you want to amass the right kind of profits, make it a point to procure as many orders as you can. The more the orders, the more substantial would be the profit accumulated. 

These are some of the details which can come in handy as far as drop shipping business is concerned. Now that you are acquainted with the specifics, it is easier for you to start your venture. The key also lies in finding the right set of suppliers who always make it a point to manufacture the best kind of products. Sticking to the right quality guidelines is an absolute must to make sure that your customers keep coming back for more.Also, do a little price analysis as well to make sure that you can maximize the profits with the arrangement. All the best!

What is drop shipping?

It is a new and modern form of business wherein you don’t manufacture or own any products but have
an online store of yours with a product catalog. 

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What is drop surfing?

What is drop surfing

Currently, the ‘drop surfing’ word seems to have caught the buzz on the internet. There are too many marketing gurus who are educating about what is drop surfing and how you can make tons of money by doing it right 

So, let us shed some light on what is drop surfing and understand the related details.

The drop surfing model 

Before we talk about drop surfing, we need to introduce drop shipping as it is a broader parent term that has been in vogue since a long time.

Drop shipping refers to the practice of having your own store but not maintaining stock. Every time you get an order, you buy it from a third party supplier and the supplier directly ships it to the customer. So, the merchant never handles the product himself; they act like a simple middleman.

Drop surfing is a specialized version of drop shipping as it involves the practice of constantly analyzing the different suppliers who deal in the same products. You choose the best supplier who is charging the least amount. Whenever the supplier increases the price, you surf among the wave of options available and shuffle the supplier by choosing the one with the new least price quotation.

So, drop surfing essentially involves surfing the wave of supplier options constantly on the lookout for the best price to maximize your profit margin. 

You now have a clear picture of what is drop surfing and why too many internet gurus are fixated on it. When you look at a small order quantity, drop shipping and drop surfing won’t make much of a difference. But, if the order amount is massive and is a wholesale quantity, this strategy can bring in a huge difference and it can help you amass a lot of extra money. 

The things to keep in mind 

While there is no doubt that drop surfing can help you make more money as compared to drop shipping, you need to understand the value of time and effort entailed in research.

Always keeping an eye on the wave of suppliers and their constantly changing pricing might not be the easiest thing to do. The key reason behind the massive popularity of the drop shipping model is that it doesn’t involve a great deal of time.

You can channelize this time to actually market your website because it all boils down to the number of orders you are getting. So, if you spend a large part of your time looking for best price among suppliers so as to tap the most out of drop surfing, you may end up losing out on marketing which will impact the order volume.

The key thing here is to make the right trade-off. You can always have a pool of suppliers with you among whom you can compare and contrast the prices to come to the right decision.

Everyone wants to maximize their profits, but do not do it by compromising in the net orders which you are going to get as it would be a failed move.