10 High-Paying Side Hustles to Start For Extra Income in 2024

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5. Dropshipping on Shopify Inc

Dropshipping is different from services like FBA because in dropshipping, the seller does not hold any inventory. Instead, when a customer places an order, the seller purchases the product from a third-party supplier (usually a wholesaler or manufacturer) and has it shipped directly to the customer. The seller never physically handles the product. Thus, one can start an online store without holding inventory. With platforms like Shopify Inc, dropshippers can earn between $1000 and $5000 per month on average with minimum hours.

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