What's it all about?
Dropshipping, also known as product sourcing, is when you buy stock from a supplier and work with them to send items directly to your buyers without ever handling them yourself.
This type of selling on eBay is extremely popular and you will find lots of information (as well as lots of scams) about this on the web.
The most common form of dropshipping in the UK is to set up a shop on eBay and then list products from other online Market Places such as Amazon, Asda, Argos, John Lewis, Blacks and Ali Express. You then very simply price this item slightly higher than it is listed on your source website, so that when you sell the item you make a profit.
Yes, people really do pay a higher price on eBay. This is mainly due to the fact that eBay has a large dedicated customer base who only shop on eBay and therefore do not shop around for the best deals. This gifts dropshippers with a superb business model to make money.
It is important that you know what you are doing with this as there are a number of factors to take into account. A superb starting point in getting up and running is to watch Broke to Boss Girls videos on Youtube here. Here is one of her great and informative videos: