The Ultimate Beginners Guide to Dropshipping in 2024

What is Dropshipping?

Dropshipping is an online retail model where the store owner doesn’t hold inventory. Instead, when a product is sold, the store owner purchases it from a supplier who ships it directly to the customer.

How Dropshipping Works

Example: You set up an online store that sells phone accessories. When a customer places an order for a phone case, you buy the case from a supplier who then ships it directly to the customer. You earn the difference between the retail price and the supplier’s price.