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This information that you are give that if I want to start a drop-shipping business that I do not need capital is quite a new thing to me because I have believe all my life that dropshipping us to do with a lot of capital to start up and to sustain.If you want to do dropship, you can start with zero capital. You need a website though. Unlike dropshipping, where you don't have to acquire products to sell, if you are selling from local ecommerce platforms you need products in your warehouse. When you are selling your own products, you need money to manufacture your products or procure products.
I am of the opinion that local e-commerce business is much more lucrative than local dropshipping business simply because you will hardly see anyone that is into dropshipping business that is making it very well online where you will see a lot of local e-commerce business that are making it everywhere.Yea they both have their perks and disadvantages. Well the issue with dropshipping will be getting a trusted supplier, secure that and you are good to go, I think dropshipping is better all round even though the market is saturated too.
With this pandemic drop shipping is the new vogue, as you have to consider your own safety and that of your clients, so for safety and convienient drop shipping takes the price.The good thing about e-commerce is that it can be started by any budget you have, no need for a very decent budget to start, but the profit is few compared to the dropshipping, as there is a huge competition from local stores and sellers around you, dropshipping gives you the ability to sell things that you don't even have, which means, multiple types of listing, but it needs a decent capital (sort of) to start.
Which one do you think is better to engage in ?
The good thing about e-commerce is that it can be started by any budget you have, no need for a very decent budget to start, but the profit is few compared to the dropshipping, as there is a huge competition from local stores and sellers around you, dropshipping gives you the ability to sell things that you don't even have, which means, multiple types of listing, but it needs a decent capital (sort of) to start.
Which one do you think is better to engage in ?
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