If you've been interested in starting your own internet business but you've been trying to avoid the hassles of things like developing and producing products, tracking your inventory, setting up warehouse space, and maintaining a confusing shipping/receiving infrastructure, then drop shipping may be your answer. It allows you to sell quality, brand-name products on your website for a hefty profit, while someone else looks after product development and order fulfillment. Although the process can be a boon to internet entrepreneurs, you should know the advantages and disadvantages to this business model before getting started.
In addition to not having to worry about shipping products yourself, there are a few other advantages to this business model. First, it saves you the cost of building your own inventory. If you're like most people starting a small business, you don't have a ton of extra money lying around, so the last thing you want to do is tie up your cash in inventory that you may or may not be able to sell.
Second, no inventory also means no leftovers. If the product you sell suddenly becomes outdated, obsolete or just plain untrendy, you aren't the one with a room or warehouse full of stock nobody will buy. Many online retailers find themselves having to offer deep discounts--and taking huge losses--on old products just to get them out of their homes or warehouses to make room for more inventory.
Third, you'll be able to add new products to your site almost instantly. Since you don't have to worry about stocking inventory, if you find your customers clamoring for a particular product, it's not unrealistic to expect you could add the item to your site in just a few days.
Have you noticed there are literally hundreds, if not thousands, of sites selling huge mish-mash selections of inexpensive gift items . . . things like plastic gnomes and porcelain figurines? That's because there are a few very large drop shipping companies that import these items and then recruit websites to sell them on their behalf. Unfortunately, this is not the way for you to go if you're getting started with drop shipping. There are already a lot of giant gift sites out there--and way too much competition for you to reasonably expect to be successful at it.
98 The estimate was limited to a handful of chemicals commonly found in human bodies: bisphenol-A (BPA), used in hard plastics, food-can linings, and paper receipts; two phthalates used as dd395-crop-siteplasticizers in vinyl products; DDE, the breakdown product of the banned insecticide DDT; organophosphate pesticides, including one called chlorpyrifos used on grain, fruit, and other crops; and brominated flame retardants known as PBDEs that were extensively used in furniture foams until they were banned in Europe and the United States. Pesticides and Herbicides Linked to adhd diabetesBPA, DDE, and the phthalates were examined for their links to obesity and diabetes, phthalates for male reproductive effects, and flame retardants and organophosphate pesticides for neurological effects. Together, these represent about 5 percent of endocrine disruptors—or "the tip of the proverbial iceberg,
91 Back in 60s and 70s, many prominent scientists believed that saturated fat was the main cause of heart disease, by raising the "bad" cholesterol in the blood. This idea was the cornerstone of the low-fat diet. Because of a few bad studies and misguided political decisions, this diet was recommended to all Americans in the year 1977.
However, there wasn't a single study on this diet at the time. The American public became participants in the largest uncontrolled experiment in history. This experiment didn't turn out very well and we are still suffering the consequences..9 Lies About Fat that destroyed the Nation's Health
The "war on saturated fat" has been a miserable failure. It was initially based on flawed studies, but somehow became public policy (with disastrous consequences). The worst part is... the governments and health organizations have yet to change their position despite overwhelming evidence that they've been wrong all along. Actually, saturated fat doesn't really raise LDL that much. The effect is weak and inconsistent and appears to depend on the individual . When saturated fat does affect LDL, it changes the particles from small, dense (very, very bad) to Large LDL, which is mostly benign . Saturated fat also raises HDL cholesterol, which is associated with a reduced risk of heart disease . If anything, saturated fats actually improve the lipid profile, NOT the other way around. In the past few years, many massive studies have examined the link between saturated fat and heart disease risk.
So now a good friend tells me that a two year old company called DS Domination (the DS is for DropShip I think), has blossomed finally.
Evidently the new company INFINii has been in the plan since the start of DS Domination and now that the company has two years and over two billion in sales under it's belt, they've decided to Launch what they call the Next level of DSD.
It appears the strong offering is training to actually do what I've thought about doing, and that's selling on Amazon. But more than that, they talk about CO-OPs where a certain group of folks, really anyone, decide to pool their money and buy bulk goods from China for cheap and sell them on Amazon as 'Fullfilled by Amazon'.
Why should this interest me? I'm into alkaline water and have received many email offers from China based companies trying to sell me Alkaline water pitchers for like $6ea in lots of 100. I've seen these types of things for $29 at the cheapest, so yeah — I can see the potential.
I also live completely off the grid so Solar Battery chargers are something I've bought a few of on Ebay as backup for emergencies. But that's been from Americans selling products.
For instance I bought a Morning Star charger on Ebay for $179. but could have bought the same thing without the brand direct from China for $49.
Am I bold enough?
Can I do it?
We'll see. I'll keep you posted.
INFINii DS Domination isn't even live yet and I am already seeing possibilities here..
99 Israel prime minister Benjamin Netanyahu has claimed victory in today's election. "Against all odds:a great victory for the Likud," Netanyahu tweeted. "A major victory for the people of Israel!"
After a bruising campaign focused on his failings, Prime Minister Benjamin Netanyahu of Israel won a clear victory in Tuesday's elections and seemed all but certain to form a new government and serve a fourth term, though he offended many voters and alienated allies in the process. Netanyahu Wins Landslide With 99.5 percent of the ballots counted, the YNet news site reported Wednesday morning that Mr. Netanyahu's Likud Party had captured 29 or 30 of the 120 seats in Parliament, sweeping past his chief rival, the center-left Zionist Union alliance, which got 24 seats. Mr. Netanyahu and his allies had seized on earlier exit polls that showed a slimmer Likud lead to create an aura of inevitability, and celebrated with singing and dancing. While his opponents vowed a fight, Israeli political analysts agreed even before most of the ballots were counted that he had the advantage, with more seats having gone to the right-leaning parties likely to support him.
Drop shipping does have its downside. For example, it creates customer service challenges as orders can get mixed up, inventory levels change, and product returns become complicated.
Profit margins for drop shipped items are often razor thin too. For example, I work with a manufacturer of apparel that charges an additional $10 per item drop-ship fee on top of the item's cost and any shipping charges. This brand's products often sell for about $59.99, with a cost of around $30. So a product sold from inventory has about $29.99 in margin while a product sold via drop shipping is at $19.99. If a retailer offers free shipping on orders above $50, an additional $5 to $10 of profit is also gone. Add an average return rate, payment card fees, and the cost of pay-per-click advertising, and there may not be a lot left.
With these potential challenges, drop shipping may work best in conjunction with inventorying some products.
In a dropshipping thing, the retailer does not receive, stock, store, pull, pack, or ship products. All of these tasks are time things, which means drop shipping saves time. In a ecommerce business where the storeowner may also be the shipper, this additional time will be available to actually sell products, which should benefit the company. In larger operations, the timesavings may result in a reduction of labor costs.