how to make 1 lakh by doing drop shipping business?
how to make 1 lakh by doing drop shipping business? Drop shipping is a business model where an online retailer doesn't keep products in stock. Instead, they partner with a supplier or wholesaler who handles the inventory and shipping processes. When a customer places an order, the retailer forwards the order details to the supplier, who then ships the products directly to the customer. The retailer earns a profit by marking up the price of the products. Here are some steps to start a drop shipping business: 1. Choose a niche: Select a specific product category or niche that you want to focus on. It's essential to research the market demand and competition to find a profitable niche. 2. Find suppliers: Look for reliable suppliers who offer drop shipping services. You can search for suppliers through online directories, contact manufacturers directly, or use dedicated drop shipping platforms like Oberlo, AliExpress, or SaleHoo. 3. Set up an online store: Create a website or use...