Even though drop shipping is my least favorite way to make money on eBay, there are some cases where it will work. To have your e-bay products drop shipped can be a good way to get started. However, can you really count on it being delivered? And if delivered, delivered on time? And if on time, can you trust it will be delivered in one piece? Surprisingly, the answer is yes. You can depend on drop shippers. They are here to help buyers and make their lives a little less complicated.
For each hot product in your list (from step #1), look for at least one dropshipper who can provide you with products at a good margin. Objectively, what’s good for one product may not be good for another. Since you still lack experience, what matters most is that you are comfortable with the margin.
Your China sourcing for eBay will not pay you immediately for your sales. Depending on their commission structure, there may be a one or two month delay before they pay you. Many vendors have a minimum sales threshold – some may be as little as $100, others as high as $1000 or more. On top of that, many wholesalers for eBay sellers only pay up at the end of the month or the beginning of the month. And some vendors don’t have a direct debit/credit facility, only sending checks to their partners through registered mail.
You have to make it your business to know what trends are happening in your industry. If you sell lamps, keep your finger on the pulse of what people are buying now, what new styles are on the horizon and what design shows and magazines are featuring. If you skip this step you’re likely to go straight to the step of marking down products that didn’t sell simply because you weren’t paying attention.
4 Build your feedback score as high as possible. It may take you a few weeks to do so but this extremely important and must be done so be patient. While you are building your feedback score take a look around the site and familiarise yourself with eBay features.
The fact is you can profit significantly and, yes, even quickly once you learn the right way to do business online. So, approach this article with an open mind.
This type of entrepreneur usually possesses previous experience in the retail industry, though it is not totally necessary to have previous experience in order to succeed. However, an inexperienced online retailer faces the biggest learning curve.
The other dimension to the discount offered is more ecstatic. October 2008 saw Worldwide Brands launching a product sourcing tool that helps to find the competition products will get in Amazon. The tools actually lend you a helping hand in choosing the right products that are in demand. Further, you will actually know what others are offering at Amazon that might thwart your sales. With a this special offers provided through the Worldwide Brands membership, just go and grab the same. You are definitely to profit.