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This means you can only really compete by matching those prices - or having an exceptionally good site, good enough for people to love so much that price ceases to be an issue (really).
In practice, if 5000 sites use one dropsh**er, only one site will make a healthy profit. The dropshi**er.
Is it easy?, it can be. But not as easy as it was 5-6 years ago. There is a lot more strong competition these days
Can you make a handsome profit and look forward to assuming your role among the internet's retail millionaires? Possibly, but probably not. Those days are for the most part long gone, but exception do happen.
Best Advice, don't quit your day job until after you have made enough to cover your personal monthly bills for at least six months.