How to Get Rich Fast - Convert to Drop Shipping

Do you want to travel the world and still be able to profit from your business selling products on the internet? I had an on-line business that was doing about $10,000 a month in sales, which was not a lot, but at a $5,000 - $7,000 in profits it was a good income stream.

The only problem was that it was also a ball and chain. It required daily shipping and receiving of products so it was hard to go anywhere for a long period. If you want to learn how to get rich fast - convert to drop shipping.

I found out that the company I was buying my products from would drop-ship my orders for a $5.00 fee. I decided to test out a strategy by heading to an island in Thailand and seeing if I could run my business from the local internet shop. Turns out - I could. However, what I learned from the experience is that this would be a lot easier if I had built my company from the ground up focused on drop-shipping in the first place.

There are some cons with drop shipping: First, you do not get the extra 10%-20% discount you would normally get for purchasing large orders. Second, you have to set a minimum order amount for your customers because if someone buys a low priced item, you actually could lose money. You make more money if you store the inventory yourself, but you also have to spend a lot more time.

If you consider the benefits, you might realize that time is far more valuable than money. I did not have to monitor a warehouse. I could run my business from anywhere that had an internet connection. I did not have to pay rent for storage. Setting up a drop-ship system also allows you to duplicate your business model and focus on getting multiple-streams of income.