Hello - I am brand new to the world of dropshipping and trying to figure out the most cost efficient way to purchase products. The questions I have may sound stupid but I'll ask anyway. :)
I understand that if you purchase in bulk or wholesale, you can get a much better price on items. I would like to do that but I don't quite understand how this would work with drop shipping. Would I be able to purchase items in bulk, leave them with the supplier and when a customer purchases an item, I would go to my supplier site and they would ship the item directly to my customer and deduct the item from my inventory? Is this how purchasing in bulk works with drop shipping? If not, there's no point in purchasing a bunch of inventory if I have to store it.
Ideally, I'd like to purchase only what I need (for example, if a customer orders one item, I buy only that one item from my supplier) but not sure if that's the most cost effective approach.
I appreciate any insight! Thank you!