I have been seeing people asking which is a better online business dropshipping or affiliate marketing, how do they compare? So let’s take a look.
What is dropshipping. According to Wikipedia hthttps://en.wikipedia.org/wiki/Drop_shipping, Drop shipping is a supply chain management method in which the retailer does not keep goods in stock but instead transfers its customer’s orders and shipment details to either the manufacturer, another retailer, or a wholesaler, who then ships the goods directly to the customer. As in retail business, the majority of retailers make their profit on the difference between the wholesale and retail price, but some retailers earn an agreed percentage of the sales in commission, paid by the wholesaler to the retailer
Types of dropshipping
There are several types of dropshipping according to Shopify.com
Product selling: this type of dropshipping is the most popular kind, it is you source products from different suppliers and makes them available in one place.