Some important terms related to dropshipping business
Dropshipping is a trade which is becoming popular worldwide due to its less efforts and more money. If a person is not educated, but have experience and business mind can do this business. However, there are some important definitions which are related to the dropshipping about which everyone must know about. Merchant: A merchant also called dealer, retailer, or trader sells the product direct to the consumer. There is no middle man between merchant and customer. Consumer directly handover the money to merchant. Entrepreneur: A person who starts a business by his own is called an entrepreneur. He takes efforts to meet the success goals by taking risks. Wholesaler: wholesaler supplies the products in the large quantity (bulk) to the retailers at low prices and the retailers resell those products at higher rates by setting their margins. E-commerce: e-commerce is an online platform or an online store through which a person sells his products online and get the payment online. T...