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Dropshipping is a clever business model that relegates expensive and cumbersome components of running a retail business – purchasing, storing and managing inventory, operating warehouses and physical storefronts and shipping orders, for example – to a third-party supplier.
This allows business owners to lower initial investment costs, reduce risk and focus on what they do best – brand building, marketing, sales and improving customer experience.
But while starting a dropshipping business can be a fruitful venture, it’s no magical money printer. There is a science to succeeding as a dropshipper but with time, effort, patience (and a good dose of luck) you could be the next…
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