Amazon Dropshipping Titans – Paul J Lipsky
What Is Amazon Dropshipping?
Amazon Dropshipping is a simple yet powerful business model that allows you to sell items without actually holding any inventory. This means that without any costly investment, you can open an Amazon store that sells sought after items to buyers around the country!
First, you create your Amazon listing for a product. Once it sells, you just go to an online retailer’s website (such as Walmart.com), purchase it, and ship it directly to the buyer. You keep the difference in price, earning yourself a nice profit in the process!
Why Amazon Dropshipping Works
Where do you do all your online shopping? I’m guilty of doing 100% of my personal shopping on Amazon. I don’t even bother to shop around anymore. And let’s face it, more and more consumers are just like me.
- People go directly to Amazon when they’re ready to spend money and don’t look anywhere else.
- People are too busy or simply do not know how to shop around to find the best prices online.
- So, they go directly to Amazon, find your listing, then purchase the item from you.
- Just like when you purchase a can of soda from a local store for $2 when the same can costs just $1 at the supermarket – you are paying extra for the convenience that it is already in front of you.
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