Dropshipping/Drop Shipping
Drop shipping is a form of online retail sales where sellers do not have actual product inventory. In this type of business, a seller usually finds a supplier or a delivery partner that executes the product delivery on behalf of the seller.
Unlike multi-vendor platforms where vendors directly sell the product to the customers, in drop shipping sellers create a digital platform and invite customers to place orders with them. Once the order is received, the seller then contacts the supplier and gets the product delivered to the customer.
While in multi-vendor platform earns a commission for each trade, in drop shipping the seller creates a price gap and earns an arbitrary profit for each order that a customer places through their platform.
Related Articles
Drop-Ship
A print-on-demand is a drop ship service that doesn’t need any investment or a physical inventory. You can collabrate your E-commerce store with a print-on-demand service. The customers will be able to create high-quality designs with the help of a ...
3rd Party MIS
A 3rd party MIS (Management Information System) is a cloud-based software for the printing industry. It is compatible with Microsoft or iOS platforms and suitable for all browsers. An MIS automates workflow, improves production efficiency, and ...
API-driven design tool
Application Programming Interface, short for API, enables the communication between applications. It can execute specific actions eliminating the need to access the code or database of the service. Ecommerce websites integrate API tools for several ...
Checkout
Checkout as the name suggests is the process of making the purchase or completing the buying process of a digital platform. Once a customer is satisfied with the product and its details, they proceed to make the purchase and as soon as they add the ...
Magento Community Edition 2.3 User Guide
Welcome to the next generation of the world’s leading digital commerce platform! Built on open-source technology, Magento Open Source provides online merchants with unparalleled flexibility and control over the look, content, and functionality of ...
Live Discussion on Web-to-Pack