With millions of buyers placing orders now and again, sellers need reliable suppliers who can take charge of the manufacturing and delivery side of things. This is where dropshipping comes in.
Dropshipping is a method of fulfilling customer orders. Sellers don’t keep or maintain an inventory of the products they sell. Instead, they fulfill the orders with the help of a third party supplier/wholesaler/manufacturer. In dropshipping, the seller markets the product and receives the orders. The responsibility of manufacturing, picking, packaging, and shipping falls to a reliable supplier or manufacturer.
Is Dropshipping Legal?
Yes. Dropshipping is legal. You can start your dropshipping business by opening an online store. All you have to do is fulfill your tax obligations stated by your state or country.
Dropshipping doesn’t need a business license. But it is advisable to get one, more so when you have your own branded storefront. A licensed business comes in handy when dealing with lawsuits or taxes. It also helps you get product insurance, which protects you in case of customer complaints.
Also, to keep the law, ensure that you and your suppliers don’t sell counterfeit products. Only deal in brands allowed by a region’s regulatory body.
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