I've had a few dropshipping businesses over the years. Here is my experience: Margins are tight. You need to have enough money in the bank or credit to cover

I've had a few dropshipping businesses over the years. Here is my experience: Margins are tight. You need to have enough money in the bank or credit to cover loss. This will happen, especially if you are buying anything overseas. All suppliers need to be vetted and checked out. Companies will lie to you, just to get your business. Counterfeits are rampant. If you have a supplier that will sell you something name brand for 1/3 the cost, it's 99% a fake. This will result in: possible lawsuits (if they are in China, our laws don't apply, so the law will go after you), lost shipments at the border (you will most likely eat the cost for this), and losing customer's trust. On top of this, it's so easy for your dropshipping company to steal your customers from under you. Creating your own product/service is the best way to have a long-lasting business and you really won't get rich quickly with any dropship business.