Have you ever dreamed of becoming an entrepreneur or wanting to be a multi-million dollar businessman? Start Drop Shipping today.
To better understand Drop Shipping, we need to first understand the Drop Shipping business model. In general, Drop Shipping is a fulfillment-based business, which means you don’t need to keep inventory. Instead, you purchase items only after a customer places an order, and the supplier ships the product directly to the customer.
For this Drop Shipping business, you need two main components:
You need a website to advertise the products you believe people will want to buy. This website is the foundation of your business operations. The most popular platform for drop shipping is Shopify.
Shopify allows you to build your e-commerce site and upload products easily. You typically source products from suppliers like Alibaba, Aliexpress, or Taobao. Simply take the product images and descriptions, and list them on your own site.
For example, you might find an item on Taobao for $3 and list it on your site for $20. When a customer places an order, the supplier ships it directly to the customer and you earn the difference—in this case, $17.
This model is ideal for those who want to start a business with minimal capital. You don’t need to invest in stock or warehousing. All you need is to build a website, list in-demand products, and pay a small platform fee.
Once your business starts earning, track your profits and grow sustainably—open a bank account with RHB Cambodia to manage your finances smartly!
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