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Before getting into inventory management we have to take a look at what inventory actually means and the different types it can have. We all know what inventory is, the sum of goods that you keep on stock, and inventory management is keeping this stock neatly in order. But of course, when it comes to inventory management, you have to pay attention to many more things than just keeping everything organized. Good inventory management can assist you with several aspects of your business, such as improving your cash flow, optimizing the amount spent on storage and warehousing, and sourcing new wholesale stock. All these factors then affect your ROI (Return On Investment), so inventory management is definitely something you would want to master in your business. If you are keeping track of your inventory in the right way, there are several benefits you can enjoy. For example, increased profit margins decrease excess stock and inventory costs, and also you will be able to oversee your inventory easier that will allow you to work more efficiently.

The world of eCommerce is an open market that welcomes everyone that has an idea, good enough to win the attention of the wider consumer public. In fact, the dropshipping model of e-commerce can provide an even more diverse business environment. This means that it can open the doors to categories of entrepreneurs that do not have the starting capital but are eager to display their know-how and earn their entrance into the market. One specific category we will cover in this article are college students. Dropshipping for students can, nowadays, become a very lucrative business model that will drive a change in students' minds and expand the horizons of young entrepreneurs. But what actually is dropshipping and how can students benefit from it?

With the ever-growing digital technology making it possible for shopping experiences to evolve to an incredible degree, people have been offered faster and more convenient ways to purchase goods. That being said, nowadays, a great majority of consumers tend to lean more towards online shopping and prefer to buy from eCommerce stores rather than from brick-and-mortar ones. According to Statista, by the end of 2025 online retail sales are expected to surpass 7 trillion USD, while today they stand at 5.5 trillion USD. Among the numerous eCommerce business models available to entrepreneurs, dropshipping is certainly one of the most popular ones as it's a less risky model that doesn't require you to deal with inventory or shipping. These tasks belong to your supplier. One of the easiest and most popular ways to set up a dropshipping store is by using WordPress, a CMS (Content Management System) that enables dropshippers to build and manage your business with a breeze. So, read along to find out how to start dropshipping with WordPress.