16. Drop-Shipping
16. Drop-Shipping
There are many people who have considered selling on eBay or other websites but hated the idea of having to buy and store products, packaging them, and then finally shipping it to their customers.
The good news is that there's an alternative, it's called
drop-shipping. The best part about this method is that you don't have to deal with any of the problems mentioned above. In fact, you won't have to even touch the products at all.
When you drop-ship, all you have to do is sell the products. As soon as a sale is made and you receive payment, your drop-shipping company or wholesaler would ship the product out on your behalf to the customer, all you have to do is give them their name and address.
Just about anyone can start drop-shipping to make some extra money. There's no government oversight and you don't need any type of license to start selling wholesale items online. You may want to consider getting a standard business license from your state or country since you will be running a legitimate business and so you should make sure that you are operating legally.
In order for you to start drop-shipping, here are some steps you can take:
● Get yourself an account with eBay or other online auction sites as a seller or create your own e-commerce website.
● Locate wholesalers who provide drop-shipping services. One thing to make sure is that they don't use their contact details on the packages that are sent out otherwise you could miss out on potential future business with them. You can learn more about different drop-shipping companies here.
● Email or call manufacturers to find out if they drop-ship and, if so, do they deal with retailers directly or through a distributor. Doing this will entail that you know the business first-hand.
● There are many business-to-business (B2B) publications available for free on sites like Free Trade Magazine Source. You should consider subscribing to a few magazines that are in your desired niche. These publications frequently list product manufacturers as well as who you should contact.
● Choose which products that you want to sell.
● Start advertising these products on eBay or on your own website. Other places to advertise could include PPC (pay- per-click) on sites like Google Adwords and Bing Ads.
Where can I learn more about drop-shipping?
One great place to find drop-shipping courses is at Udemy.com. Udemy is a marketplace for online learning and provides a platform for experts of any kind to create courses which can be offered to the public, either for free or for a tuition fee.
Two of their most popular drop-shipping courses are:
1. eBay Selling: Dropshipping Products for Beginners - This course will show you how to sell on eBay, gain access to retail products at wholesale prices and spend no money upfront.
It actually doesn't cost anything to open wholesale accounts and to work with legitimate wholesalers. You won't need to buy any inventory upfront.
2. eBay DropShipping: $1,438 DropShipping From Just 3 Listings - Similar to the course above, you'll learn how to make fast and easy sales dropshipping on eBay. All you need to successfully run this business is a computer with an internet connection and about 30 minutes of free time
each day to deliver orders and check your earnings. How much money can I make from drop shipping?
How much you earn will depend on the difference between the wholesale price you pay, and the sale price you set.
You can make anywhere between a few extra bucks all the way up to $1000's of dollars per sale, depending on what kind of goods you are offering.
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