Dropshipping is a business model in eCommerce where an individual sets up a business and sells commodities online to its own consumers without having to worry about inventory or logistics.
The drop shipper or individual will agree terms with a supplier or dropshipping supplier. Once the individual or drop shipper has an order from his customer, The drop shipper will forward the order to the dropshipping supplier. In turn, the dropshipping supplier will ship the items on behalf of the drop shipper.
The drop shipper has the freedom to sell these commodities at his own desired price. The drop shipper will take his profit from the sale made and pay the dropshipping supplier the actual cost of the item.
Dropshipping is the most relaxed business model in our era and it is a $120b market as at Jan 2019