re: My 15-year-old kid wants to start dropshipping

I used to drop ship for a living so I'll give you the low down.

Drop shipping is essentially the practice of selling someone else's goods without holding the inventory yourself. As an example: Danner is a great boot manufacturer, but they don't have a great marketing campaign. They may enlist people or companies to market and drop ship their boots.

How to become a dropshipper. One: you need to have a website that can aggressively market the product.Two:you need good credit. Companies that are willing to dropship usually require references. After all, they are taking all the financial risk in stocking and shipping the product. You need to be able to pay them.

Bottom line: you need to be able to market the product at an agreed upon price. Vendors aren't going to give drop shipping privileges to Joe Blow trying to sell the product for $5 above cost.