What is dropshipping and why is this business model around when it comes to financial literacy?

Dropshipping can be a very good way to start a business and gain financial freedom through learning financial literacy. With dropshipping you link with a company that serves as a warehouse storing all the products which tend to be well-known and you can purchase sell and notify the company and they will ship the products. A dropshipper may have to be paid first before they allow a product to ship and the returns process and more can be a mess. with dropshipping you also can control your profitability but the more you charge the less likely a sale will occur and some arenas won't allow a dropshipper to be integrated, like if you are going to sell on Amazon you cannot sell through Amazon.com. Many payment processors can be ticky on this also.

#startingabusiness #financialliteracy #financial