Did you know dropshipping isn't a new concept? While it has gained popularity in recent years thanks to the explosion of ecommerce, dropshipping in one form or another can be traced back to the 1960s with its origins in the mail-order catalog business. Companies would compile catalogs using other brands' products and then ship them directly to the customer when purchased. This allowed companies to avoid having to buy stock upfront. This still exists today, although it isn't what people commonly think of when it comes to dropshipping.
Ecommerce dropshipping is often touted as a great way to make a passive income. That being said, Shopify suggests that only 10-20% of drop shippers thrive, and other reports indicate that 90% fail in the first month. The reason being that much like any other business, it isn't a guaranteed income generator, and especially in the early days, you need to invest in a good platform and marketing and ensure you have the right suppliers, not to mention be selling products people are buying at that time.
When you put all of that into consideration, is dropshipping actually worth it? The answer is an overwhelming yes (source: Shopify). However, paying attention to the small details and choosing your partners wisely will give you the best chance of success. To learn more about how you can make drop shipping work with domestic suppliers and a dropshipping marketplace, check out this handy infographic by Vendo. If you want a better dropshipping experience, find out what Vendo offers you.
<a href="https://assets-global.website-files.com/623487fc8080041c7fa19a2b/6391ed9646145d393691b6c4_Redefine%20Dropshipping%20With%20Domestic%20Brands%2C%20Fast%20Delivery%2C%20and%20High-Quality%20Products.png"><img style="width:100%;" src="https://assets-global.website-files.com/623487fc8080041c7fa19a2b/6391ed9646145d393691b6c4_Redefine%20Dropshipping%20With%20Domestic%20Brands%2C%20Fast%20Delivery%2C%20and%20High-Quality%20Products.png"></a><br>Infographic by Vendo on <a href="https://www.getvendo.com/blog-post/redefine-dropshipping-with-domestic-brands-fast-delivery-and-high-quality-products">dropshipping</a>