Let’s say you know how to market online. Perhaps its eBay, or maybe Amazon, or if you adhere to my advice, it could be your own eCommerce store.
Your next step is to look for products to sell. There are three main choices and I want to break them down for you at this moment.
The first option is to import your goods. You can visit websites like Alibaba and you could identify products to imports from, let’s just say China.
This is honestly how I commenced in business. Prior to drop shipping, I was importing products.
The next option, which some people suggest, and I have no idea why it is called arbitrage. This is the process of going to local estate sales, flea markets, or garage sales to search for items that you could sell online for revenue.
I think this is just a waste of time and something that’s not really scalable in any way.
In my point of view, the most ideal option would be drop shipping. Do you recall that image we evaluated in the beginning of this section? Essentially, you’ll be looking for suppliers that have products to sell and they’re trying to find people to resell their goods for them (retailers like you).