If you are only going for the first time into drop shipping as your online income source, maybe you must have heard that risks are also involved in the operations, just like any other business.
To avoid losses from such risks, deal only with the reputable wholesale outfits.
These are normally included in the lists of SaleHoo who has been a good support company for this new kind business online for some years now.
A most common risk you will likely contend with is the failed shipping of your orders for products that have been already paid by your customers.
As a drop shipper you will be dependent on your wholesale partner to do the shipping of the products to the doors of your buyers.
It will be most embarrassing for you since you are the one the buyers know as possessing the goods and yet you will not be able to deliver their purchases, all because you have a bad wholesale firm for a partner.
Some of your colleagues in the industry who did not tap SaleHoo in the selection of their wholesalers lost money because of this risk and some even have to close shop eventually.
A second risk that you have to guard against is the wrong information in some wholesale websites about the availability of products to sell and at the time of purchase by a customer from you as a drop shipper you will find out that the online information provided is so outdated, that the product may no longer be available in the wholesalers stock rooms.
It is only SaleHoo that seems to be religious in the updating of the information in its website, so if the wholesaler is not one of its members, the reliability of that outfit could be in question.
Take note of the lessons learned by drop shippers who did not really looked into the integrity of their wholesalers and lost money in their transactions.
A thorough study and more effort at online research is therefore in order before you start your venture.
SaleHoo can be a big help in the organization of your new drop ship venture.