RE: What side hustles do people recommend? 03-30-2024, 11:46 PM
#2
Pros:
Low startup costs: Drop shipping requires minimal upfront investment, as you don't need to purchase inventory in advance.
Low risk: You only pay for products when a customer makes an order, so there's less risk of being stuck with unsold inventory.
Easy to get started: It's relatively easy to set up a drop shipping store, and you can start selling products quickly.
Cons:
Low profit margins: Since you're not buying inventory in bulk, your profit margins may be lower than with traditional retail models.
Competition: Drop shipping is a popular business model, which means there's a lot of competition.
Lack of control: You have less control over the quality of the products and the shipping process when you're working with a third-party supplier.
Low startup costs: Drop shipping requires minimal upfront investment, as you don't need to purchase inventory in advance.
Low risk: You only pay for products when a customer makes an order, so there's less risk of being stuck with unsold inventory.
Easy to get started: It's relatively easy to set up a drop shipping store, and you can start selling products quickly.
Cons:
Low profit margins: Since you're not buying inventory in bulk, your profit margins may be lower than with traditional retail models.
Competition: Drop shipping is a popular business model, which means there's a lot of competition.
Lack of control: You have less control over the quality of the products and the shipping process when you're working with a third-party supplier.