1. Problems With Stocking Inventory… 2. Drop Shipping to the Rescue… 3. Profit From Drop Shipping… Visit Dropship Secrets Revealed.
- Drop Ship Your Way to Wealth
- Drop Shipping Increases Profits
- Top 7 Dropshipper Advantages
- Top 7 Dropshipper Disadvantages
- Comes with Giveaway and Resale Rights!
- And much more!
Let Internet marketer Ross Goldberg tell you his true life experience as a drop shipper. Discover THE Hidden Secrets Behind Dropshipping Profits! Discover how to start a business online selling products without any inventory. [Read more…] about Dropshipping Revealed!
In his Wholesale Video Tip 20, Chris Malta covers the wholesale term “Trade References”, tells why Trade References matter to your wholesale suppliers, and explains how you can build up Trade References in your e-commerce business. [Read more…] about What Are Trade References and Why Do They Matter?
In his Wholesale Video Tip 19, Chris Malta breaks down why your wholesale suppliers might offer you products ‘At Cost' or ‘Below Cost', as well as when you want to grab ‘At Cost' deals, and when you need to walk away from them. [Read more…] about Wholesale Product Terms: What At Cost Means
In his Wholesale Video Tip 18, Chris Malta describes what the term “SKU” (a.k.a. Stock Keeping Unit) means, how your wholesale suppliers may use it, and why SKUs play an important role in your online selling. [Read more…] about Wholesale Product Terms: What SKU Means
See Chris Malta's Wholesale Tips video series. Video tip 17 covers the wholesale terms ‘RA' (Return Authorization) and ‘RMA' (Return Merchandise Authorization) and describes when they are important to your e-commerce business.
Whether you're selling on eBay, Yahoo!, Amazon, or your own website, you need to understand the jargon and terminology that your wholesale suppliers use, in order to communicate with them effectively. When you speak their language, you can approach your wholesalers and drop shippers with confidence. Find out what the wholesale industry terms that your suppliers use actually mean and how they impact your e-commerce or home business, in Wholesale Tips videos 11-20.
If you're trying to beat the economic recession with online retail, or if you want to start an internet business, you need to see this wholesale tips video series brought to you by Worldwide Brands.
Chris Malta’s Wholesale Supplier Tip 16 tells you what the wholesale term “Net 30” means and explains when you can expect wholesale suppliers to extend “Net Terms” to you, as well as when not to expect them.
Learn what you can do to increase your chances of getting Net 30 and how to use all the benefits of Net 30 to your e-commerce business' best advantage.
If you need products to sell online, you have to work with real wholesale suppliers and real dropshippers. However, wholesalers use their own industry language. So, to confidently approach them, you need to learn the wholesale terms and jargon they toss around. This allows you to make the most of your wholesale supplier relationships. Decode the most common terms that dropshippers and wholesalers will use and find out what they mean to your internet retail or home business.
If you're trying to beat the economic recession with online retail, or if you want to start an internet business, you need to see this wholesale tips video series brought to you by Worldwide Brands.
Chris Malta's Wholesale Supplier Tip 15 tells you what “Free on Board” or “Freight on Board” actually means, and describes the impact that FOB has on your end costs when you find wholesale products to sell online.
Wholesalers and dropshippers have their own language, or industry jargon and wholesale terminology they like to throw around. When you understand what they're really saying, you can approach potential wholesale suppliers with confidence. Find out what the most common wholesale terms and jargon mean to your online retail or home business.
If you're trying to beat the economic recession with online retail, or if you want to start an internet business, you need to see this wholesale tips video series brought to you by Worldwide Brands.
See Chris Malta's Wholesale Tips video series. In video tip 14, you'll uncover a little-known, but highly important term that your wholesale suppliers will use – the “QOH” or “Quantity On Hand”.
You'll also find out WHEN your e-commerce business needs to pay special attention to this term – and WHY. For anyone selling on eBay, Amazon, Yahoo!, or a stand-alone website, sourcing products from real wholesale suppliers and real drop ship wholesalers is a critical part of your e-commerce business.
Wholesalers and drop shippers have their own language, or industry jargon and wholesale terminology they like to throw around. When you understand what they're really saying, you can approach potential wholesale suppliers with confidence. Find out what the most common wholesale terms and jargon mean to your online retail or home business, in Wholesale Tips 11-20.
See Chris Malta's Wholesale Tips video series. In video tip 13, you'll find out the meaning of the wholesale term MOQ, find out when and how your wholesale suppliers will use it, and learn what the real purpose of the MOQ is.
By studying wholesale jargon and industry terms, you'll be able to communicate effectively with your wholesalers and potential wholesalers, which is critical when you're looking for wholesale products to sell online.
Speaking your wholesale suppliers' language enables you to approach them with confidence. Crack the wholesale code and make sense of the common terms that you'll run into when you talk to your dropshippers and wholesale suppliers, in Wholesale Tips 11-20.
See Chris Malta's ‘Wholesale Tips' video series. Video tip 12 will teach you what ‘MSRP' stands for AND how it impacts your ‘ecommerce' business.
If you have an online retail or home business, you need to be able to effectively communicate with your wholesale suppliers and ‘potential' wholesale suppliers. That's how you make the most of your supplier relationships. You need to speak their language, which means understanding the ‘wholesale' jargon and industry terminology they throw around.
When you know what suppliers are saying, you can approach them with confidence. Learn the terms that you'll frequently come across when you work with wholesalers and dropshippers, in ‘Wholesale Tips' 11-20.
MAP is a popular term that wholesalers use frequently; to work with them, you need to speak their language. If you're looking for wholesale products to sell online, you need to be able to easily communicate with ‘potential' wholesale suppliers. That's why it's important to understand ‘wholesale' jargon – so you can confidently approach any wholesalers or drop shippers you want to work with.
Learn the industry terminology you need to know to easily communicate with potential suppliers and make the most of your wholesale relationships in ‘Wholesale Tips' 11-20.
Your free tour of SaleHoo wholesale and dropship directory. Perfect for eBay sellers, ecommerce site owners, selling at markets or just as a way of getting goods at wholesale price for your friends and family! Find the very best drop shippers, wholesalers and liquidators at SaleHoo.
SaleHoo is one of the fastest growing product sourcing portals on the internet. It contains a database of drop ship, wholesale, closeout and manufacturing suppliers offering thousands of product suppliers to consumers! Located at http://www.salehoo.com, visitors are allowed to sign up for unlimited and lifetime access to the completely searchable database of products and suppliers. The database is regularly updated, ensuring that the latest retail products are always available for purchase and SaleHoo carries the BBB Reliability Seal!
Top Ten ‘Wholesale Tips'. Video Tip 10 breaks down the process of drop shipping and explains the advantages and drawbacks of using dropship wholesalers.
You'll find out when drop shipping is the best method to use to buy your wholesale products and when you should incorporate other product sourcing methods.
Whether you're an internet merchant, running a home business, or selling on eBay, Amazon, Yahoo!, or your own ecommerce website, drop shipping is a very effective way to get started and has an important role to play throughout the life of your internet business.
You'll get a blueprint for effectively using drop shipping in your internet selling and for growing beyond drop shipping as you build up your e-business.
Top Ten ‘Wholesale Tips'. In Video Tip 9, you'll learn what you should do if your wholesale suppliers also sell their products on their own retail websites.
Many ecommerce entrepreneurs, who are looking for products to sell online, view wholesalers with retail sites as a competitive threat and think that the wholesalers will be able to undercut all their prices. But ‘real' wholesalers do not want to compete with their retailers, and you'll see why.
You'll find out what you should expect from wholesale suppliers who retail their products, and how you can easily compete with them. You'll also learn to identify ‘fake' wholesale suppliers who WILL undercut your retail prices, so you can avoid them.
See Chris Maltas Top Ten ‘Wholesale Tips'. Video Tip 8 will show you how to figure out, ahead of time, whether or not you can make money with a product.
You'll see what factors impact your wholesale products' profit margins, and what kind of profit margins you should expect in ecommerce – particularly as a home business or small internet merchant.
You'll also find out the common (and costly) mistake that new ecommerce entrepreneurs often make in calculating their profit margins, and learn the RIGHT way to identify if a product will be worth carrying.
See Chris Malta's Top Ten ‘Wholesale Tips'. In video Tip 7, you'll discover how wholesale suppliers will process your account requests, and what you should expect when you submit your application to wholesalers.
People who are selling on eBay, Amazon, Yahoo!, or their own ecommerce website, will often get impatient if wholesale suppliers or dropshippers do not respond to their requests quickly enough, but very few wholesale companies are equipped to set you up overnight.
This tip will tell you how long you should expect wholesalers to take to set up your account, explain what is involved on your wholesale suppliers' end, and share which times and seasons you can expect to get the quickest response from most wholesale distributors and dropshippers.
See Chris Malta's Top Ten ‘Wholesale Tips'. In video Tip 6, you'll learn about a unique charge that some wholesale suppliers may require of you, as a new internet merchant, in order to set you up with a wholesale account.
You'll see the reason that wholesale distributors will sometimes require this charge, identify when this charge is legitimate (and when it's not), and understand why it will not hurt your home business in the long run.
You will also discover which wholesale fees ‘real' wholesale suppliers will never, ever charge your home business, and how these phony ‘wholesale' fees can help you spot ‘fake' wholesale suppliers and dropshippers from a mile away.
Knowing what ‘real' wholesalers will and will not charge will save you from the middlemen and ‘wholesale' scam artists that prey on both ecommerce ‘newbies' and experienced internet merchants.
See Chris Malta's Top Ten ‘Wholesale Tips'. In video Tip 5, you'll find out why your wholesale prices are sometimes higher than your competitions'. When this happens, you can't sell products online for the same price and still have room to make a profit.
This is a common challenge for anyone selling on eBay, Amazon, or Yahoo!, as well as for any small internet merchant. There are times when a home business simply can't get wholesale products for the same price as the big chain stores – or even as other, bigger online merchants. But that DOESN'T mean that your small internet business can't compete and win.
Find out how wholesalers will set prices, how wholesale price breaks work, and how you can outsell your competition and still earn a profit in online selling.
See Chris Malta's Top Ten Wholesale Tips. In video Tip 4, you'll find out why wholesale suppliers do not publish their price lists on their website.
Many people are looking for products to sell online; they often become discouraged when they find a wholesale supplier or dropshipper but cannot see their confidential dealer price list up front. But it is actually in an internet merchant's best interest for their wholesale distributor to hide their wholesale price lists from the general public.
There are good reasons why wholesalers keep this information secret. This video will show you what those reasons are and explain what you will need to do before a wholesale supplier or dropshipper can share their confidential pricing with you.
See Chris Malta's Top Ten ‘Wholesale Tips'. In video Tip 3, you'll learn a simple technique you can use to keep your retail competitors from locating your internet business' most valuable asset – your Wholesale Suppliers. Whether you're an internet merchant, running a home business, or selling on eBay, you may be giving copycats all the information that they need to track down your wholesale distributors – and not even realize that you're doing it. But you can make one little change and protect your home business' wholesalers and dropshippers. Don't let your online business' competitors in the back door – find out how to keep your sources for wholesale products a secret. Use this easy tip to guard your ecommerce site from copycats and competition.
See Chris Malta's Top Ten ‘Wholesale Tips'. In video Tip 2, you'll learn WHY some wholesalers are not eager to work with home business or online retail, and discover how to successfully approach a wholesale supplier to request a wholesale account.
When you need products to sell online, it's important that you buy from ‘real' wholesale suppliers and ‘real' dropship wholesalers (a.k.a. wholesalers who drop ship) every time; this is how you achieve the highest profit margins in your internet business.
You'll see why some wholesale distributors are reluctant to work with online retail, and find out what you can do to increase your chances of getting a wholesale account when you find wholesale suppliers or dropshippers that you want to get wholesale products from.
See Chris Malta's Top Ten ‘Wholesale Tips'. In video tip 1, you'll learn what wholesale suppliers expect from you, whether you're an Internet merchant, selling on eBay, or running a home business.
When you need products to sell online, you have to work with real wholesale suppliers and real dropship wholesalers (a.k.a. wholesalers who drop ship) every time, to achieve the highest profit margins in your e-business.
Learn what you need to work with wholesale suppliers, as well as WHY doing so is critical to the success of your Internet business. You'll also find out how to spot fake wholesale suppliers, how to ensure you only get wholesale products at wholesale prices, and what a sales tax ID can do for your home business.
One of the reasons why online entrepreneurs turn to dropshipping products is that there’s such diversity in the offerings to retailers. Let’s say Sally wants to open an online discount wedding supply. She obviously doesn’t want to set up a manufacturing facility – she just hopes to come up with an attractive catalog or website to send potential customers to.
Her biggest job would be to find and line up manufacturers that would be able to supply the various items for her catalog. This takes some research and the Internet is very useful for that. Once she contacts the manufacturers and sets up an account, she can then focus on designing a web presence.
Or let’s say Ken wants to sell a special kind of herb or vitamin supplement to go along with his exercise business. He can find a manufacturer that offers both readymade and custom made supplements. What’s even more special is that Ken can have his own brand name label designed. The dropshipper will then take his order and label and ship to his customer for him.
Have you dreamed of offering your own specialty electronics business? So have others and because of this, manufacturers are available to make and fulfill your order. Joe likes the idea of selling hard to find computer equipment. He can locate the suppliers and line up accounts with them. Then all he has to do is create a catalog and/or website to make it all available to his potential customers.
As you can see, dropshipping can be the answer to those many questions a retail sales business has. Do you want to specialize in hard to find old fashioned toys? Look up handcrafted toys manufacturers. Do you envision yourself as being the source for all things pink? Again, there are manufacturers that supply that niche.
Dropshipping sort of crosses over into affiliate marketing and the two can complement each other very well. For example, if your website is all about California backcountry trails, then you can have a custom made trail mix just with your label dropshipped to your customers – but also have hiking and backpacking equipment from Amazon.com all on the same site.
Do you see the possibilities? You come up with the idea. You find the dropshippers and suppliers for it. You design the website or catalog. You come up with ways to get your customer to see your site and voila! You’re in business.
But do you notice that there’s a big portion of the equation missing? The manufacturing and shipping of the product, which is handled by your dropshippers. This just about as close to a perfect business model as you can get. It will take some homework on your part to line up solid, reputable sources. But once that part is done, you’re in business.
When trying to locate a good dropship source, there are several things to keep in mind. As wonderful as the World Wide Web is for finding everything you need right at your fingertips, it’s also a source of scams and illegitimate dropship sources.
It seems there’s this almost parallel stream of businessmen and women whose only role in life is to part you from your money. The same goes with the dropshipping industry. So do your due diligence.
There are a few things to look for in a legitimate dropshipper and among them is that you should check references. You should be able to ask for names and numbers of current customers to see if the service is reputable.
Do a search on the Internet for a scam or review on any particular business you want to deal with. It would be wise to check any Better Business Bureau type of organization to make sure there are few complaints.
As with any business model, there are so-called dropshippers who claim to set you up in business with catalogs and a website, etc., but you end up dealing with a middleman and not the direct manufacturer. This leaves you with little profit and angry at the whole idea of dropshipping as a worthy business.
A good dropshipper will also have a good customer service department available (at least during business hours). You’ll want to have friendly relations with these representatives because they will be who you talk to when you check up on supply, estimated shipping times, possible glitches, etc.
In order to serve the dropshipping community better, some have formed what is called a wholesale dropship club. A good wholesale dropship club offers its members access to a source of reputable dropshippers and offers the club group discount rates.
A word to the wise: as mentioned earlier, there are good dropshippers and there are junk dropshippers. Do your homework well. You can even head to the local library and ask the librarian for a directory of wholesale manufacturers that you can use to source good companies.
Please don’t waste money on so-called dropship lists that you see advertised all over eBay or elsewhere. In thousands of names and addresses, you might find a handful of “live” sources. These lists are often just a cut and paste listing of a business directory and many are very outdated.
Finally, be aware that all dropshippers charge a set up fee. This fee is to discourage casual buyers from taking advantage of the lower wholesale prices. This fee can range from several hundred dollars to thousands depending on the manufacturer.
This may be the most painstaking part of your business set up, but it’s also the most vital. You’ll be glad you spent the time getting good, solid businesses as your dropship suppliers. Your business is only as strong as your weakest link. Make sure that you take the time to find a good source for your dropshipping needs.
In simple terms, dropshipping is when a retailer offers for sale some item(s), which he doesn’t stock, but passes on the order to a manufacturer to fulfill and ship. In this way, a business owner can show items for sale but be spared the cost of manufacture, inventory and other costs of business such as shipping.
Not to be confused with affiliate marketing, where you represent a certain business, with dropshipping no one needs to know who makes the product and for all intents and purposes, it appears that the retailer stocks and ships the orders.
This has been done quite successfully for years by such big names like Sears and Wal-Mart. But now due to the Internet, more and more smaller home-based businesses are taking advantage of drop shipping.
For example, John Smith sells custom T-shirts. When you look at his catalog or website, you see a very nice selection of both readymade and custom printed Ts. A customer will choose and submit an order to John’s Custom Ts. John then forwards the new order to his dropshipper, who then fulfills the order and finally ships it to the original customer.
John never sees the actual T-shirt, never has it in inventory, doesn’t have to stock supplies, manufacture it, pack it or ship it. He just acts as the storefront and order taker. Of course, if there is any problem with the order, he is the one who needs to deal with it in some cases, depending on the dropshipping company.
For example, let’s say you want to sell a specialty muscle building supplement, but don’t have the facilities or financial means to build a business from scratch. Fortunately for you, there are manufacturers whose sole purpose is to custom blend and fill orders like this. In that case, it would be called private label dropshipping in that the manufacturer would take your custom request and then label it with your label and ship it in your name.
As you can see, there are many distinct advantages to using dropshipping. As a retailer, you only need to be looking to display the items attractively and be able to take orders efficiently. Your forte would be marketing and sales – getting consumers to see your offerings. There’s no hassles with hiring employees to maintain a large manufacturing concern.
The manufacturer, in turn, can do what he does best – and that is make the products for you and others like you. It’s smart business to specialize and do what you do best and delegate what parts of the sales process that you can’t or don’t want to do to others. There are many more advantages to all concerned.
Now more than ever, entrepreneurs are able to bring to the public just what it wants without the large investment and hassle of setting up an entire manufacturing facility and shipping department.
Starting a dropshipping business is actually not too difficult when you consider that the part about finding a manufacturer who dropships is much simpler than lining up a building to lease, designing and setting up the production line, employing workers and office people, ordering raw materials, etc. But what do you need to do?
Well, first you’ll need your business plan. What are your business goals? Who is the demographic that you’re targeting? What kinds of products do you hope to offer? Much of this you may have already brainstormed, but it’s important to nail down just what you hope to do. It’s so easy to get off track and forget your main purpose when you get in the throes of working your plan.
For example, if you run a destination wedding business and you want to offer theme fashions for the wedding customers, it might get overwhelming if you launch a new section on the fashions and forget that the site is primarily about destination weddings. Don’t get sidetracked with that side niche.
A big consideration is, do you plan to use the Internet exclusively or utilize mail order catalogs – or both? If the Internet is your tool of choice, then you’ll need to design (or have designed for you) an easily navigable website.
Avoid the temptation to get flashy and busy and artsy on your site. Simple and clean makes sense with basic, relevant navigation that makes it easy for your customers to find what they want on your site. It’s the same with a catalog. You’ve seen catalogs that look more like a kindergartener’s art project with tiny images and crammed in text. It’s not easy to look at.
Now the nitty gritty of setting up a dropship business is far bigger than the scope of this article. But there are some excellent sources online to help the dropshipper get started and stay up to date with “who’s who.”
You’ll need to find a great resource that teaches dropping in-depth and someone who can guide you in the intricacies of getting reliable sources, finding quality products that sell in an evergreen niche, and more.
Dropshipping is definitely one of the simplest ways to get your own online business up and running in the quickest way possible. Just know that, as with all business, this will take determination and persistence – and hard work. There is no “golden ticket” to be found here. But it can be the next best thing for you!
Do you want to know why the Internet is in the throes of a gold rush? For starters, it's because of the convenience of dropshipping. Online marketers are seizing the opportunity to learn how to use this medium to market products that they don't want to stock or ship.
With the convenience of dropshipping, the online marketer can concentrate his or her expertise on designing an attractive and efficient storefront online, then driving traffic to it with effective search engine optimization. It just makes sense to delegate those aspects of your business to others who can do them more efficiently.
You can focus on learning your customer and his wants, needs and desires and then finding ways to fulfill those with products that he needs. Learning to drive traffic becomes your focus rather than getting bogged down in the manufacturing and shipping details.
The only other aspect that you would have to be concerned with is customer service — from taking the order to handling any grievances (and even that can be outsourced to someone else).
But maybe we should look at the part you don't have to do. With dropshipping, you don't have to have a large, expensive manufacturing facility with all of its overhead costs like heating and cooling, employing all of the workers, accounting, and shipping department.
The shipping department alone is a complex part of any business. When you use dropshipping, you're spared the expense and headaches of coordinating the packing and then getting packages prepped for UPS or whatever shipper you use.
You won't have to stock any merchandise. That's a huge perk. This way, you don’t have to purchase large amounts of something that may not move.
How about the manufacturing process itself? You don't have the means to build, buy and stock supplies, store finished goods, employ workers, pay health benefits, manage safety concerns, etc.
And when tax time rolls around (heave a sigh of relief), there's no inventory to document. Just ask any retail store manager how big that burdensome, but critical job of counting each and every item in their store just to make sure that they have the documentation done for the taxman is.
Dropshipping is possibly the best way for the online marketer to go into business with the least amount of hassle involved.
Online Wholesalers can provide a massive boost to any online entrepreneur's profit margins, due to their low cost of operation, incredibly advanced delivery networks, and ability to provide massive amounts of products at an incredibly low cost to buyers. Ideal for many eBay sellers and online marketplace operators, online wholesalers and dropshippers can provide the resources needed for any online business, whether it's shipping 100 units a month or 10,000. Still, one question typically lingers in any entrepreneur's mind: where do I start? This article outlines some of the most important starting questions and solutions for any internet entrepreneur. [Read more…] about Maximize Your Profit Margins With Online Wholesalers
Finding an online wholesaler is a difficult and time consuming task for both first time entrepreneurs and experienced internet marketers. From dealing with picky customer support to planning out order sizes and pricing, finding a trialing a new supplier can be frustrating at best and incredibly stress inducing at worst. With many wholesalers unresponsive to small businesses and new clients, it can be very difficult to get your foot in the door with the best and brightest wholesalers. Fortunately, with just a few small changes, your search for an online wholesaler can go from stress inducing to possibility opening. [Read more…] about How To Find A Good Online Wholesaler
Are you wondering how some sellers can survive (let alone make any money) on the rock bottom prices they sell their items for? Believe it or not, many long running sellers are not only surviving while selling at those rock-bottom prices, many are also be making more profit than others who are listing the same items at a much higher price! This is because these big-time sellers can get their goods super-cheap from the very best wholesalers, meaning they can buy more, sell more and make more profit! [Read more…] about How to Find Cheap Wholesalers
Retailers need to be highly wary of suppliers claiming to be selling authentic branded or designer goods because often their products will be fakes. If you buy into reselling fakes, you could face severe consequences including prosecution. Furthermore, when you buy fakes, you are supporting a syndicate of crime gangs who run the counterfeit industry and often enslave children to produce these fake goods, which is hardly something most people would want to associate with. [Read more…] about How To Spot a Supplier Selling Fakes
If you have spent hours searching for a great drop shipper and have had no luck, or perhaps have had issues in the past with choosing the wrong drop shippers, you have come to the right place! This article highlights some of the key things you should look for when you are next on the hunt for a reliable drop shipper. [Read more…] about 5 Things to Look for When Choosing a Drop Shipper
Why get into wholesale jewelry?
Jewelry is a huge market, especially online. It makes a great gift, either for yourself or for a friend or loved one. Plus it's universal – jewelry is recognized by cultures all over the world as a symbol of wealth and well being, and as a reflection of personal style so there is plenty of room to make money in selling jewelry! [Read more…] about Where to Source Wholesale Jewelry
Did you know that clothing, shoes and accessories are eBay's second top seller? Clothing is a great market to get into for several reasons; there are so many different categories; there is always a demand for clothing; shipping of clothing is low risk; and there are many niche markets to explore such as men's plus size swim wear, petite maternity wear, and kids colored jeans. [Read more…] about Essential Tips for Drop Shipping Clothing
Getting into wholesale gifts is a great way to get started in online selling. For existing retailers, it's perfect for expanding your product range. Wholesale gifts encompass so many great markets as well as some highly lucrative niches! [Read more…] about Best Ways To Source Wholesale Gifts
You have probably heard or read all about how popular baby items are to buy and sell online, and really, it's no wonder – with over 15,000 babies being born every hour of every day across the globe, there is always a huge demand for baby products! Their immense online popularity comes for three reasons: [Read more…] about The Best Baby Product Wholesalers
When you hear the words “wholesale price” do you immediately deduct 50% off the retail price? It's no surprise if you do, as there are so many sources out there telling us that this is what wholesale is. However, every item is different.
For example, electronics stores selling iPods make as little as 10% from each sale. It's the same for a lot of designer cosmetics. If you would like to clear up a few things about what wholesale price really means, read on as I show you the real ins and outs of wholesale pricing, as well as how to ensure you are always paying the true wholesale price when you buy in bulk! [Read more…] about What Is a Wholesale Price?
What to look for in a great wholesale electronics supplier: [Read more…] about Finding Wholesale Electronics Suppliers
Drop shipping is when the product distributor takes care of all the shipping for you. Rather than ordering stock in bulk, the stock remains with the distributor then when you make a sale, they pack up the item and send it straight to your customer with your company label on the box. [Read more…] about What Is Drop Shipping and How Does It Work?
Are you looking into selling wholesale clothing but don't where to start? Or have you been wondering where your competitors get their amazing products from (and how they get them so cheap!)? Read on to find out how to find the very best clothing wholesalers on the web! [Read more…] about Best Wholesale Clothing Suppliers
Buying and selling wholesale goods is frequently viewed as a sort of ‘get rich quick' scheme, where sellers can make enormous profits from very little investment or work. Three months after they started, people just don't understand why things haven't gone according to plan! There are four myths in particular that seem to lead would-be sellers astray time and time again. [Read more…] about Debunking the Myths of Wholesale Buying
Fleeced, ripped-off, cheated, conned. We're all afraid of losing money to wholesalers who turn out not to be the real deal. The horror stories can certainly be very off putting – especially to those just getting started. The trick is to spot it and stop it before it's too late!
So what are signs that you're dealing with a crook?
In our experience, there are 6 particular indications that you may not be dealing with a legitimate wholesaler: [Read more…] about Catching the Crooks: Is Your Wholesaler Dodgy or Legitimate?
Any seller serious about creating a long-lasting profitable business will realize the importance of finding a good wholesale source.
Unfortunately, it isn't the super-quick task most people would like it to be. Wholesalers aren't exactly squabbling over sellers; indeed, most don't make any effort at all to attract small to medium size businesses. Why? Because they are doing just fine selling to large retail stores with multi-million dollar orders. [Read more…] about How to Find Wholesale Sources for your Product
I've got my idea – now where do I go?
Not sure where to turn to find your stock? The best idea is to find a couple of supply sources for your items so that if one dries up during a busy period, you won't be left high and dry. [Read more…] about Sourcing Items to Sell
While many fantastic wholesale sources can be found online, there are also a huge number of sites developed specifically to scam sellers looking for a good deal.
So how do you tell whether you are dealing with a real wholesale supplier? [Read more…] about Protecting Yourself from Illegitimate Wholesale Suppliers
1. Thorough market research is the foundation for success.
Meticulous market research doubles your chances of making a tidy profit from the wholesale goods you buy. Start off with a list of 5-10 different ideas. Then check completed listings searches on eBay to see what the item generally sells for and the sell-through rate for each one. Use Yahoo's free keyword tool http://inventory.overture.com to find out how many people are searching Yahoo for your product per month. You can double this figure for Google. Add the numbers together. If there are ten thousand or more searches per month for an item, this indicates a healthy market. [Read more…] about Hot Wholesale Tips You MUST Follow!
Worldwide Brands are THE Product Sourcing Experts for Home E-Biz and the publishers of OneSource, the World’s Largest Source of eCommerce Wholesalers.
Their full-time research staff is dedicated exclusively to keeping OneSource updated with new Wholesalers willing to work with online businesses.
An eBay Certified Solution Provider, Worldwide Brands are the official Product Sourcing Editors for eBay Radio, and the Writers and Hosts of Product Sourcing Radio, one of the top-rated shows in the wsRadio Business Network.
Members in good standing of the BBB Online Reliability Program, they are committed to helping online entrepreneurs gain the knowledge they need to succeed. Their web site offers E-Biz Owners a vast knowledge base of educational materials on the importance of REAL Product Sourcing.
What is drop shipping?
Drop shipping is when the product distributor takes care of all the shipping for you. Rather than ordering stock in bulk, the stock remains with the distributor. Then, when you make a sale, you send an email to the distributor and they pack up the item and send it straight to the customer with your company label on the box.
Drop shipping is a very popular option with sellers because it takes a lot of the grunt work out of selling on eBay. However, there are some major downsides to drop shipping – especially for new sellers.
Here's a list of the pros and cons of drop shipping so that you can make the right decision for your business. [Read more…] about The Pros and Cons of Drop Shipping
The distribution of products has been around for a very long time. When a product is created it needs a distributor to get it to the stores that will sell it. A manufacturing company creates a new product, sells it to wholesale distributors, and the distributors then sell the product to the retail stores that will sell it. Each company makes a profit of their own. Otherwise, none would be in business.
However, what if we were to take out the distributor and the stores? You would then essentially become the dropshipper, selling products to the public via the Internet straight from the manufacturer.
Why Become a Dropshipper?
There are so many benefits to becoming a dropshipper. Here are a few of the benefits you will have as a dropshipper: [Read more…] about You Can Make Money As A Dropshipper
by Chris Malta
When you're a small business starting out on the Internet, or even when you're an established ‘Net business, you NEED drop shippers.
Why? Because working with drop shippers eliminates the need for you to carry expensive inventories. You don't have to rent a warehouse, hire employees, establish accounts with UPS and FedEx, etc. You can sell the best brand names on earth from your home computer, and make good money at it.
Distributors who drop ship send the products you sell directly from their warehouse to your customer, with your business name on it. All you do it take the order from your customer and pass it to the distributor. You keep the difference between the wholesale price the distributor charges you, and the retail price you sell to your customer for.
Of course, there are a lot of places out there that want you to THINK they are wholesale drop shippers. They'll set up accounts with, say, 10 real drop ship distributors. Then they'll call themselves something like “GetYerStuffHere.com”, and claim that THEY are the wholesale drop ship distributor. Then it'll go like this: [Read more…] about Don't Get Taken by a Fake Distributor
by Chris Malta
It's going to happen. If you're selling on the Internet, there are going to be backorders.
As I write this, I have just finished dealing with a backorder situation, and steam is still rising from my ears. By now, I should be used to it. I shouldn't let the little things get to me. It's not the supplier that I'm upset with. It's the customer. Let's start from the beginning. [Read more…] about Dealing with Backorders
by Chris Malta
Those of us who own retail Ecommerce sites are always looking for wholesale pricing from the suppliers of the products we want to sell.
Unfortunately, many people don't know what a wholesale price IS, or even what to DO with it when they find one. [Read more…] about How to Ruin a Perfectly Good Product Market
by Chris Malta
The Internet is loaded with “distributors”. Everyone who has a couple of wooden birdhouses or glass figurines to sell wants you to think they are a real, live wholesale distributor.
They use phrases like “Buyer's Club” and “Direct To You”, and if you let them huff and puff at you, they'll blow your house down.
I often am not sure whether I should be amused or horrified at some of the tricks that these people are using to take your money. [Read more…] about Wolves in Distributors' Clothing
Dropshipping is a type of retailing where, instead of the retailer (meaning you) actually keeping the goods in stock at their own location, they instead pass the order, along with the shipment details from a customer, to a wholesaler. It is then the job of the wholesaler to dispatch the goods ordered directly to your customer for you. The great thing about this method is that not only do you not need to have a large warehouse for storing all the goods you are selling, but also you make a profit through the price you pay for it wholesale, and the price that you sell it to your customer for.
In fact, where dropshipping is concerned, you are actually acting as the middleman for the product that your customer receives and the manufacturer who produces it. This particular type of system is extremely beneficial to both small retail shops, as well as internet based stores, or those people who use mailing catalogs in order to generate sales for their companies. In fact, many customers who purchase their products in this way seem to not be too bothered that there is a delay between the time when the products are ordered and when they actually have them arrive.
But the biggest problem that is being addressed by dropshipping is that retailers no longer have to worry about controlling their inventory, as this is done for them by the wholesaler instead. Unfortunately, in a more traditional retail setting, the products a store owner orders will be ordered in bulk, and they will then need to be kept in a secure location until they can be displayed and sold. What this means is that you are adding costs to an already large budget, as you will need to have storage space available, along with hiring staff to maintain the storage area and ensure that the goods are ready for delivery to the store and to know what levels each product is at. You will also need to spend money investing in a good quality security system in order to prevent the goods from being stolen. However, if you were to use dropshipping instead, then you do not need to retain a large stock of your inventory on site, and also you no longer needed to employ a large team of staff.
Also, you will find that a large number of manufacturers now find the idea of dropshipping as a good investment, as it is also lowering their costs as well. Plus they are gaining an additional sales person who they do not actually pay a wage to. They are also saving themselves money as they no longer need to arrange for the delivery of large quantities of their goods to a retailer, so they are cutting down on their handling and fuel costs this way. Instead, they can use the more inexpensive shipping methods that are now readily available by using either UPS, FedEx or a locally based delivery company to ensure that their products are delivered directly to the customer. Plus, as many manufacturers have spent vast amounts of money ensuring that their warehouses are completely secure, they know that their products are safe until the day that they are dispatched, rather than them sitting in the back room of some retailer’s shop with very little or no security on the property.
Yet there are some drawbacks to running a dropshipping business, and these we will look at in more detail later on in this book. Through this book, we will provide you with how you need to get started in the business of dropshipping, along with what you will need and the benefits, as well as the drawbacks.
Chapter 1 – Five Golden Rules to Dropshipping
If you want to ensure that your dropshipping business is profitable, there are a number of things you need to remember. In this chapter, we will look more closely at these five golden rules to ensure that you can run a profitable business.
In order to make your business as profitable as possible, you need to find a product which will sell in sufficient quantities, as well as one which will provide you with a good mark up, in order for it to be truly profitable. Therefore, it is important that you try to determine what the demand for the product is, and also what competition, if any, there is for this particular product. Also, if you can, take a look at what your competition is charging for it. You may find that some businesses will have a much lower profit margin than others, including you.
It is best when first starting out selling products using dropshipping, that you only sell a select few. Plus, also that those that you do select are related, or can be targeted and sold to the same market set. It is important that you do not try to sell every dropshipping product that you find, as this will help you concentrate more on marketing your goods, as well as keeping your own costs to a minimum. Plus, you are more likely to make an impact in the market place as well.
Due to its increased popularity, it is important that you find a reputable dropshipper for your business. Unfortunately, over recent months there have been many scams that have come to light in this particular industry. Avoid those people who are offering to sell you lists of dropshippers for 100’s of dollars, unfortunately many of these are middlemen who are posing as dropshippers themselves, and will then charge much more than you actually should be paying. Remember, the whole idea of using dropshipping is to keep your costs down rather than raising them, but also still be able to make a profit at the end of the day.
Also, if you are able to, avoid the “turnkey” internet businesses which are willing to sell you a package of products, e-commerce and marketing for an exorbitant membership fee or charge you a monthly fee. These types of businesses, you will soon find, do not actually help, but rather hinder, and you will soon find that you are not making any profit whatsoever, while they are.
However, do not let what we have written above frighten you off, instead just be aware of these pitfalls. However, one of the best ways of finding a reputable dropshipper is through looking at such directories as “Chris Malta’s Worldwide Brands”. This provides you with a whole list of legitimate, as well as reputable, dropshippers that you may wish consider using.
You will still need to deal with the problems associated with back orders and returns. Unfortunately, not all the hassles associated with running a normal retail business can be eliminated from a business that is run online. There will be times when you find that a product your customer has ordered is not in stock, and so will not be available for dispatch immediately. Therefore, you will need to work out these matters with your dropshipper ahead of any of these problems occurring. This will then provide you with answers that you can provide to your customer should such an event occur.
Finally, it is important that you treat your business just like any other business, so do not spam people. Also, do not use either a personal or free web page address for your online store, and also ensure that you register the business with your County Clerk. It is also important that you register with the Tax office so that you have a Tax ID number…and be prepared to file taxes each year.
As long as you start off by expecting that your business is going to make a decent profit, then the chances are that you will automatically see an increase in this.
Chapter 2 – Reasons for Starting a Dropshipping Business
If you are looking for one of the best opportunities to be had today for running a business from home, and cost little if anything to set up, then a dropship business is probably the answer for you. Not only can you run this business from the comfort of your own home, you will not have to worry about keeping large amounts of inventory in stock and you will not have to worry about getting the products shipped to your customers. Plus, you can still run this type of business while working in your normal day to day job. However, if the business really does get off the ground, then you can become a work from home mom or dad instead.
In order to get your dropship business started, you will need either your own website, or you can sell your products on eBay. Then once an order is received and has been paid for by a customer, you send the order over to your dropship supplier and they then send the order directly to your customer while you still make a profit. Also, you will need to set up an electronic payment system such as those provide by PayPal.
If you were to carry out a search of the web today, you will be amazed at the number of people who are making money through a dropshipping business. There are even some who are actually earning a 6 figure salary from theirs, and others who are just doing it part time in order to earn a little extra cash to provide them with a better way of life. In fact, many people often start their dropshipping business as a part time business, and it is only after the business has really taken off do they decide to do it full time instead.
The great thing about setting up dropshipping business is you do not need any special skill sets in order to get it started. All it really needs is a person who is willing to dedicate their time to ensure that the business succeeds, as well as having a computer and this being connected to the internet.
But the first thing you need to do once you decide to set up a dropshipping business is to form a good relationship with your dropship supplier. Once this has been formed, then you can start selling their products online, either through your own website, or on one of the many auction sites such as eBay.
What you are actually doing is acting as a middleman and bringing together those who want to buy a particular product and those that are selling it, while still collecting a profit for you. The greatest benefit to be had from setting up this type of business is that you do not have to worry about inventory or paperwork as with a normal retail business, as this is all the worry of your dropship supplier instead.
The other great thing about setting up a dropshipping business is that you should find yourself almost making money instantly. If not today then tomorrow or the next day, but it certainly will not be long before you should start to see your first profits.
All you need to do is find a product that you feel people will buy, find a reputable dropship supplier, and then start advertising the product on eBay. By using this method, you will find it costs very little in order to get your business up and running.
However, as with any business, it is best that you ensure that the products you are supplying are of the best quality possible, and also provide the best customer service that you can. So if you are selling your products through an auction site, then make sure you keep in touch with what is happening. If any of your customers have a question, then make sure that you respond as quickly as possible and follow up afterwards to ensure that they are satisfied with the information you provided to them.
Also, always select products that there are not thousands of them selling on the internet. By doing this, your business will not only be much more fun, but will also be much more profitable. So before you start selling any products through a dropshipping business, you should do as much research as possible first. Look for those products which have not saturated the market, or that has very few people competing for the customers, and therefore, the sales.
But what you do need to remember is that starting a dropshipping business is very easy, and you can run it from anywhere, especially out of your own home. Also, such a business can be run from anywhere in the world, and will cost you very little in getting it started.
Chapter 3 – Things to Consider
As you will soon discover, dropshipping is an extremely effective business model for anyone who wants to start an online retail business. You can either run it through your own website, or through some other outlet, such as an auction site.
However, due to this form of online business has become so easy to do, and because of its increased popularity, many prospective dropshipping businesses have become targets for the less reputable people online, such as scammers.
Unfortunately, many people who do not really understand what dropshipping is about only see it as a way of getting rich quick. Because of this, there are plenty of people out there who are ready to exploit them. In this article, we will look more closely at the things you should consider before you decide to go ahead and set up a dropshipping business for yourself.
1. You need to carry out plenty of research with regard to dropship sources. It is best if you avoid using search engines when doing this, as they will also offer up a list of the less reputable companies around, as well as providing you with page upon page of links which are completely useless. However, once you have found a reputable source for the information that you require, and then the real work begins.
2. Avoid any companies which expect you to pay them an up front fee (membership or monthly). Also avoid those which offer you a fully featured dropshipping solution that provides you with a website and everything else that you need in order to get your business off the ground.
3. Ensure the dropshippers you are looking at require a valid wholesale certificate from you. You will gain this through a business license, so avoid any that don’t have that requirement at all costs. Unfortunately, most of the companies which are willing to do business with an illegal business will usually be middlemen, who then send your order through to the wholesale company, and will end up taking a cut of the profits that you are trying to make.
The best way to find a legitimate dropshipping company is as follows:-
a. If you have seen a product which you are interested in selling, then contact the company producing it direct. Enquire if they have a dropshipping facility, and if they don’t, then they are likely to be a light bulk seller. This means that they will only normally sell their products wholesale with a minimum of say around $200 or so (in many cases, the minimum number is much higher).
b. Another way is looking at such directories that have been set up and deal directly with legitimate dropshipping companies only. One such directory is Worldwide Brands. Such directories offer you an extensive searchable list of products, and which companies supply them. So if you are looking for a way to save yourself time in searching for good quality products to sell through your online business, then these directories are certainly the right way to go.
4. However, once you have found a company that does offer dropshipping facilities; you will need to get a valid reseller/wholesale certificate. Yet, what the exact requirements are in order for you to obtain this certificate will vary from state to state. But the minimum requirement for starting any dropshipping business online is that you have a business license.
5. Now you need to contact the dropshipping company in question and set up an account with them. Unfortunately, you may find that because your business is new, and you are not able to supply any references, then you may find that you need to set up a pre-paid account with them. Normally, this means that they will charge your purchases to a credit card instead of providing you with a line of credit. In order for this to be done, you will need to fill out a credit card form, an account application and provide them with your wholesale certificate. Once this has been received, they will then provide you with a wholesale catalog and anything else that you need in order to get your business up and running with their products.
6. Also, do not be fooled by those sites offering you a dropship directory for a fee (normally around $5 to $15). Unfortunately, these are normally copies of the more legitimate lists provided by reputable directories, and will often be out of date. So really, you are better off going to one of the more reputable directories and paying them a little extra in order to get a regularly updated list.
7. Now that you have found the product which you are interested in selling, and you have made arrangements with the dropshipper in question, it is time to get your site up and running, or your account set up with one of the more reputable auction sites, such as eBay.
Chapter 4 – The Advantages and Disadvantages
Although dropshipping today is a very hot topic being discussed among many retailers, and it does have many benefits, it may not be the best option for every business. However, in this chapter we will take a closer look at some of the advantages, as well as disadvantages to be had from running an online dropshipping business.
First, if you are just starting out in setting up an online business, and do not have much operating capital, then this may be the best option for you to go with. The great thing about this particular type of business is that you do not need to hold vast stocks of the products that you are selling. Instead, this is all done for you by the dropshipping supplier you have gone into partnership with. This results in you eliminating a significant cost in order for your business to be set up and to get it running.
The site you set up can be produced very quickly, and so be providing the product to those people you are targeting.
As you are getting the customers orders before you actually order the goods from the supplier, this means that you have little or no initial investment to make.
Because you are not actually holding any of the inventories yourself, then you do not need to pay either for storage facilities, or having to invest in expensive merchandise which you may not in fact sell.
Setting up an online dropshipping business provides you with the chance to diversify what you are actually offering to your customers. In fact, you will only be limited by not being able to find the right dropshipper for the product or items that you wish to sell.
Although there are plenty of advantages to setting up a dropshipping business, there are many disadvantages as well.
First, as you do not own the inventory that you are selling, then you will usually find that you have no control on how the product is packaged. Also, you will not be able to include any coupons or offers in to the package which can help in increasing the amount of return business you get.
Every company which offers their dropshipping services will have a different fee structure, so carry out as much in depth research as possible. In fact, you do not want to end up with high shipping costs, as this will only make people less reluctant to purchase their goods from you.
With dropshipping, because you are only ordering one item at the time rather than bulk amounts, then you will not expect to get the same kinds of discounts.
If you decide to sell multiple products that are supplied by multiple dropshipping companies, then you will also see a significant increase in the fees that you pay to the dropshippers, which, in turn, will need to be passed onto your customer in order for you to make a profit.
There are many suppliers who will be able to provide you with dropshipping services that you can use to integrate their products into your website. However, you may find that you will be charged a fee for using a particular service through them, so be sure that you carry out your research thoroughly before opting for one particular dropship supplier.
One major drawback to be had from setting up a dropshipping business is that not all manufacturers allow for dropshipping. This is because they will need to employ more staff (extra costs) in order for them to process these individual orders, and could result in delays in their normal shipping and receiving system. There are other companies who will only supply in bulk, so this means that it is impossible for smaller outlets to get custom orders provided for them for select numbers of items.
However, when dropshipping is available, certainly many small as well as internet based businesses find that it can solve many more problems than those it may create.
Chapter 5 – How to get Started
It really is very easy to get your dropshipping business up and running. The main pieces of equipment that you will need are a good computer, and also a good quality internet connection.
But not only is it fairly easy to get your business up and running, you will find that there are very few barriers which will prevent you from getting started, and the cost for starting out is very low, so you should not need to invest much money up front initially.
However, below these are the steps that you will need to take in order to get your dropshipping business up and running.
1. Set yourself up an online shop, either using one of the many online shop builder programs available, or by building your own site, or setting up an account with an auction site such as eBay (if you choose to use eBay as your primary selling place, I recommend getting a good auction template that you can simply plug your information into to save time).
2. Find your wholesale supplier who has the product that are looking to sell, and who offers a dropshipping service.
3. Once you have found the company that you want to deal with, you can open an account with them.
4. Next thing you need to do is start building your site, using both content and images that the dropshipping supplier has provided, or that you have produced yourself (I recommend the latter, as it will distinguish you from other sellers who may be utilizing the same dropshipper).
5. Set up a system on your site so that you know when an order has been placed for a particular item, and so payment can be taken.
6. Pass on the details of the order directly to your dropshipping supplier. Once they receive the order, they will then bill you at the price that you have both agreed upon, and then they will arrange for the item to be dispatched. In most cases, the dropshipping supplier will provide labels which refer to the business or website where the order has come from, rather than from their own business.
Chapter 6 – How to Find a Reputable Dropshipping Supplier
Probably one of the best ways of finding a reputable dropshipping supplier is through contacting the wholesalers direct, and asking if they operate a dropshipping service.
However, the other way you can find details regarding reputable dropshipping suppliers is through the internet, and this is probably much easier than having to ring round hundreds of different wholesalers.
First, the best thing you can do is search the internet using the terms “drop shipping”, “dropshipping”, “drop ship” or “dropship” and include with this the product that you are interested in. Normally by doing this, you will find the results that you get are pretty good.
Also, take a look at some of the sponsored links that you find in the results search pages that are offered up by such sites as Google and Yahoo. These will often give you a good idea of some of the more up to date dropshippers that are around.
Join a dropshipping forum, and there you will be able to chat to many like minded people who can provide you with details and information on the best dropshippers for a product that you are particularly interested in.
Then there are dropshipping directories. These are probably the easiest way of all for finding dropshippers. However, it is important that you only use the more reputable ones such as Worldwide Brands or Drop Ship Source Directory.
Even though you may have found a good dropshipping company, one of the biggest barriers you may find is the cost. There are some companies which will charge you a monthly membership fee costing hundreds of dollars, and there are others which require you to have a business license before you can apply for membership.
Also, there are many people around who think that dropshipping is a scam, and this is simply not true. Again, there are a few companies who are willing to exploit us, but these are in the minority rather than the majority. If you were to look closely at this subject, you will find that more than 1.1 million people around the world have been able to utilize dropshipping effectively in order to earn an income.
Also, you may be one of the lucky ones who find a company that does not want any up front fees in order for you to get started.
Chapter 7 – Selling through an eBay Store
You will soon be surprised at just how many sellers there are on auction sites, such as eBay, who use dropshipping in order to earn an income.
Certainly, if you are looking for a good way of gaining experience when selling online, it is by setting up an eBay account. The great thing is that you will have millions of potential customers who may well be interested in your products. In this chapter, we look at just what you need to do in order to get your dropshipping business up and running on an auction site such as eBay.
As previously discussed in other chapters of this book, you need to find yourself a reputable and reliable wholesale company that also provides a dropshipping service. Also, choose products from the wholesale company that is not already abundantly available online. Once you have found your wholesale company, you then need to find out about their dropshipping program, along with the fees that they charge for this service, and how they handle both the payments that you make to them, and the way in which the products are shipped. Then, once you are satisfied with what they are providing, and you have got your account set up with them, now you can move on to the next stage, which is signing up to the auction site of your choice and get ready to start selling.
When you sign up to an auction site, you are now able to start selling the products you have available through their auctions. When setting up an auction item, you should ask your dropshipper to provide you with stock images that you can use, along with descriptions of the items in question. It is important, though, that any items you are selling are placed into the correct category, and that you carry out as much research with regard to the price of them compared to what your competitors may be offering them at. It is also important that the description you provide helps it stand out from that of your competitors. A great way of doing this is by looking at a few of the power sellers on these auction sites, what they have and how they have set them up. Also, never price your products too low at the start of the auction, as you will need to factor in fees for posting the items, as well as ensuring that you making some profit on it yourself. Certainly, if you find that the winning bid is much lower than you expected, you can soon find yourself losing money rather than making it. So carrying out research with regard to the product you are selling is very important before you start posting any items.
But if you want, rather than just selling the items through an auction, you can set yourself up with a store, such as an eBay store. This can certainly be more cost effective because the fee for listing items in this way is much more affordable. However, one disadvantage to this method is that your store may not get the same sort of exposure as an item that you have put up for auction. But if you are really clever, then you can utilize both of these methods in order to bring more customers to you.
But what is really important if you do decide to use this route for selling products from a dropshipping business, is that you provide a good customer service facility, as well as quick shipping. Soon you will find that by being able to provide a quality service, these customers will return time and again to purchase from you.
Also, eBay has a great email marketing feature, which means that you are able to email all your repeat customers who have decided to opt in to your email list with just one click on the mouse.
So as you can see from above, setting up a dropshipping business using an auction site such as eBay can be very painless indeed. However, it is vital that you research your product thoroughly, as well as finding a reliable and reputable dropship supplier.
As you can see from above, setting up a dropshipping business is an excellent way to get started with an online business, and if done correctly, should not be an expensive project.
As you will soon discover, there are hundreds of companies who are willing to provide dropship products to you. Whether it is gifts of items for the home, to power tools and furniture, the choices are immense.
Certainly, dropshipping will offer you many advantages if you are only starting up an online business with very little or no capital. One of the main ones being that the product you are selling does not need to be paid for until it is actually sold, and as you are paid for it by the customer, then the outlay you make to the dropshipper supplier is nothing. Along with not having to make any outlay to the supplier in order for the product to be sold on your site, you also do not have to worry about storage and handling costs, as this is all covered for you by the dropship supplier you are using.
Plus, by setting up a site where your goods are supplied to you by a dropship supplier, you can offer a much wider variety of items, from a number of different suppliers, and your customers will never know any different.
Unfortunately, there are some downsides to running a dropshipping business, and the main ones are that you do not have any control over the inventory management, whether the product is readily available and if the orders can be fulfilled and shipped on time to the customer who has ordered them.
But if you are still interested in setting up a dropshipping business in order to earn an extra income online, then carry out as much research as possible.
The best thing of all is that, when setting up such a business, it does not need to be expensive or time consuming.
Don't get me wrong; I love drop shipping too! However, I would be remiss in my duty if I didn't tell you about the pitfalls as well as the advantages of being a dropshipper. Here, then, are seven disadvantages of drop shipping. [Read more…] about Top 7 Dropshipper Disadvantages
by Chris Malta
Boy, it's tempting, isn't it? Free Shipping!
People will see your proclamation of Freedom from the dreaded SHIPPING CHARGE (imagine agonized screaming here), and flock to your site to take advantage of THE INCREDIBLE SAVINGS! (Fanfare, people cheering).
Well, it's true. In my experience, shoppers will check out an offer of free shipping before they commit to your competitor. Yahoo Shopping even lists Free Shipping sites as a category on their home page every once in a while, when they're promoting their Shopping area. Do those sites get hits? You can bet they do. Are they doing better than you are? Probably not. [Read more…] about Should I Offer Free Shipping?
Here are seven reasons you should consider being a dropshipper. [Read more…] about Top 7 Dropshipper Advantages
by Chris Malta
One thing that's constantly misunderstood by people trying to run a home business on the Internet is the word “Wholesale”.
Some people think that working with a real wholesale supplier means that they will magically be able to sell products for less than anybody else on the planet, for ever and ever. They'll be the only one who ever gets such good prices, and they'll earn millions because no competition can touch them. They're retire happily in a couple of months, and buy a big house in Bel Air, complete with a butler, a private chef, and a little satin doggie bed in every room for the casual use of the family Basset Hound, Duke. [Read more…] about The Wholesale Misconception
You would like to increase your income by selling other peoples' products but you just don't have the money to stock inventory.
On the other hand, perhaps you have lots of your own product and would like to increase your sales, but you don't have a lot of money for advertising.
The solution to both problems may lie in drop shipping. [Read more…] about Drop Shipping Increases Profits
by Armand Melanson
This is something I get email on all the time – people will say that they have checked out a dropshipper then gone to compare prices at eBay & found that the ebay prices are almost the same as the dropshipper's?
So let me clarify the right way to use dropshippers right here & now. I'll quote from http://www.dropship-suppliers.com where I talk about the difference between wholesalers & dropshippers: [Read more…] about Why Most People Never Learn How To Really Use Dropshippers
by Tim Knox
The popularity of eBay has inspired many people to start a business. And for those entrepreneurs who don't want to invest in a ton of inventory but still want to set up shop, dropshipping is a logical solution.
Before you get started, consider these seven steps involved in starting a dropship e-business: [Read more…] about Dropship Your Way To Online Success
by Tim Knox – With Resale Rights!
Tim Knox's ebook, Special Report: eBay Dropship Profits, explains everything you wanted to know about dropshipping and eBay profits but didn't know who to ask. You'll learn:
- What is dropshipping?
- The step-by-step process for using a dropshipper
- What are the advantages of dropshipping?
- How do I deal with minimum purchase requirements?
- Are all dropshippers reliable?
- Who is responsible for customer service?
- What about refunds?
- How can I be sure a product is in stock?
- How do I handle back orders?
- How do I handle returns?
- Is it better to buy from a wholesaler or a dropshipper?
- Can you recommend a few dropshippers?
- The secret of starting a successful eBay business
- Is selling on eBay just a hobby or a real business?
- Do you pay taxes on eBay income?
- Recommended money making opportunities
- and much more!
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by Chris Malta
To understand Drop Shipping, we should first understand product distribution.
People have been distributing products since before the first mastodon skinner traded a fur coat for a flint axe.
Here's how it works. [Read more…] about What Is Drop Shipping?
Your customer sees a marvelous array of products on your website. After thoughtful consideration, she purchases the product she wants. Amazingly, you have never actually seen the product. That is because your supplier shipped the order directly to her. [Read more…] about Drop Ship Your Way to Wealth
For some, selling wholesale products on eBay may prove a wonderful supply of products to sell. It is not hard to sell wholesale goods, however it does take a few extra steps.
You will have to contact your tax advisor or your local Small Business Association for advice as to whether or not you should get your sales tax ID number. Likely you will need one, however I am not an expert in this area and also each state regulation is different.
I would encourage you to stay away from using a drop shipper to sell goods on eBay. A drop shipper is a third party who holds the inventory and is responsible to ship the goods to the customer after you pay the company to do so.
Buyers want their goods within a few days of the sale. Unless you have a good rapport and know the drop shipper ships the item right away, you could run into problems with your feedback due to slow shipping or because the item arrived damaged or not at all.
Decide what you would like to sell. My advice is sell something that isn't terribly time consuming to ship. Ideally is should be something with a low probability of damage during shipment (fine china would have a high probability). You should also consider items that are not terribly heavy or bulky. Opt for simplicity.
If you are not certain what type of wholesale products you would like to sell on eBay, merely do a search for “wholesale suppliers”. You will get a slew of results to select from. Each supplier will have individual terms. Some require a minimum purchase, ranging from a couple hundred dollars to several thousand.
A word of caution: do your homework first. If you choose to make a sizable investment in wholesale inventory you want to know that it will sell and at a decent profit. Consider the cost of goods sold, including all involved expenses.
Don't be like Will Smith in the movie, The Pursuit of Happyness. He invested his life savings purchasing a host of bone density machines to resell. The unsold machines didn't exactly deliver him the good life he had envisioned.