Is dropshipping an effective product sourcing strategy for a Shopify store?

Yes, dropshipping as a product sourcing strategy is effective for a Shopify store. Like other strategies, dropshipping does come with its challenges and benefits. It's effecient since you can offer many different products in your store without any supply chain.

There is low overhead since you don't invest a lot of money upfront. It requires low capital as you don't purchase products ahead of time making it easier to expand or start your Shopify store.