What is drop shipping at the end of the day?

Drop shipping is a business model in which the distributor, or wholesaler, does not keep goods in stock but instead transfers the responsibility of fulfilling orders to their customers.

Now that we know what drop shipping is, let's look at how it works in Australia. It's been around for decades and has helped online sellers get their businesses off the ground and make a successful living as entrepreneurs.

Drop shipping allows Australian businesses to compete with larger companies on price by saving on inventory costs and passing those savings onto consumers. It is a reliable way to move products without being worried about storage space or the cost of sales.

What are the benefits of drop shipping in Australia?

For the entrepreneur, drop shipping makes it easy to expand into new markets by not having to buy inventory or set up warehouses. It's a great way for businesses that have products available in Australia to get their products...

Today I'm going to be covering the pros and cons of running your dropshipping stores from Australia.

Most of my stores are in Australia, and I'll get a lot of these questions: “Does it or doesn't it work in Oz?”, “Give me the pros and cons.” Let's get started with some pros and cons.

A lot of the suppliers in Oz aren't geared for dropshipping, so it can be really hard at times to find reliable suppliers. It's hard to lock them in, it's hard to get them out of the mindset of the whole brick and mortar store and into the idea of selling online. So that is definitely is a bit of a con in many ways, because it is hard to lock them in. I actually see it as an advantage though, because a lot of people give up on the first note, but you can try to negotiate a little bit and work out some terms.

I could write a whole deep dive about this subject alone, but I'll just give you a few quick pointers here. If you get your store up with a few other suppliers, you can...

Today I’m going to be talking about the most important five things you need to know before you start drop shipping.

First, before you start or even if you’re just considering starting drop shipping, is number one: mindset.

If you are not ready to start a business and really give it a proper go, and I mean a red-hot go. I mean talking about putting in a few hours, at the very least, every single day. I mean staying on top of it, keeping up the grind, and treating it like it’s a part-time job. If you’re not ready for all that, you may as well not even start because it's not going to happen.

If you’re not ready to start a business and give it your all, you're going to fail. So get into the mindset. If you're going to start, don't start with “I might give this drop ship thing a go, I might snag a few sales.” Yes, you might snag a couple, but at the end of the day you won't see any real income, and you won’t turn it into a full-time...