Business ideas for University students -Paul Abrokwa (Political Science LEVEL 200)

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 Dropshipping

Dropshipping is a retail fulfillment method where a store doesn’t keep the products it sells in stock. Instead, when a store sells a product, it purchases the item from a third-party and has it shipped directly to the customer.

Dropshipping is a booming business model now and will continue to see success in the near future. Thanks to the internet, you can conduct every phase of this business right from your room, with surprising ease.

The biggest difference between dropshipping and the standard retail model is that the selling merchant doesn’t stock or own inventory. Instead, the merchant purchases inventory as needed from a third-party – usually a wholesaler or manufacturer – to fulfill orders

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To start this business, you need a personal computer and internet access. You will need to know your way around websites like aliexpress.com, amazon.com, and you will need to know how to create a Facebook page and set up an online shop on your Facebook page.

You will also need to know how to create an online shop on websites like shopify.com and how to drive traffic to your shop. (Contact someone who knows how to design a website on campus and negotiate or enter into agreement with the person since you don’t have enough money to pay for the services at the moment).

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