Should I Invest in a Dropshipping Business

I am thinking of a drop shipping site that has Australian suppliers (a Shopify site)
Pls advise

Comments

  • +6

    No because you seem to have no business plan. What if the delivery is late or lost? Why would the customer shop through you when they could get it cheaper direct from your source? What kind of items are you dropshipping? What if the item the customer receives is broken or faulty?

  • +12

    Yes

  • +6

    Assuming the “investment “ is $50 and some time, why not?
    It might work, or give you a cheap lesson in what is involved.

  • +8

    No

  • +8

    Yes

  • "Invest"? Why is this dropshipping business seeking investors? Is it a proven business with good management? What is your estimated return on investment, in what timeframe?

  • +5

    Maybe

  • +5

    Depends

  • +2

    Australia doesn't have cheap labour or cheap postage to follow the Chinese model. Odds and margins are against you.

  • +9

    i don't think the ships would work very well after they have been dropped

  • +3

    not if you are drop shipping a new minimalist watch brand

  • This is a vague question. Give us more details. Cost of investment, time you need to spend working on it, what your preliminary thoughts are on financial return, how you expect to market the businesses service etc

  • Tru.

  • +1

    Waste of time and money. Every man and his dog thinks it is the latest get rich quick scheme. Very few pull off successfully.

    • +1

      Drop shipping was all the rage 10 years ago. I assume all the low hanging fruit is gone and that other opportunities are limited. But hey, if you've done your research, go ahead.

  • +1

    This needs a poll.
    Yes
    No
    Maybe

    • +3

      Which will be as useful as the OP's original question. - ie not much

      • +2

        Probably 7

    • Only if you can select multiple answers.

  • +1

    should i wear white or black socks today

  • +2

    Potato.

  • When you say 'invest' do you mean buying an existing business or do you mean setting one up from scratch?

  • There's a podcast called Reply All where they discussed how hard it is to do drop shipping

  • Yer..nar..

  • WCGW

  • I don't know…

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