What is dropshipping?
Dropshipping is an upcoming catchy new business phrase... But what is the definition of Drop shipping exactly?
What is the Definition of drop shipping:
"Dropshipping is a retail fulfillment method in which an (online) webshop (the actual 'Dropshipper') does not keep products in stock, but instead directly transfers the received customer orders and shipment details to the manufacturer, retailer or wholesaler, who then ships the products directly to the Customer ”
In other words: Drop shipping is when an online retail store sells a product, then it purchases the item directly from the manufacturer/wholesaler or third-party an entity like Taobao or Amazon. Often this is done without proper contracts, but it’s a trend to improve this, in order to make sure you keep the price the same, agree on legal consequences, returns, and reimbursements. The manufacturer/wholesaler/third-party then ships the order on your behalf directly to the end-customer who made the original purchase.
Learn more about how to set up your own Drop Shipping strategy:
Check out an extensive Drop Shipping Toolkit:
Bilingual Chinese and English Drop shipping agreement with Chinese factory:
Drop shipping supplier warranty example sheet:
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