If you have good budget, you need to have products at wholesale prices to buy it and then list it on ebay for selling.
But if you don’t have enough money to start, what you are going to do?? Have you heard about dropshipping on ebay. This what most ebay PowerSellers use. [PowerSellers rank among the most successful sellers on eBay in terms of sales and customer satisfaction].
So you should ask yourself a question..Am I going to buy wholesale or Am I going to use dropshipping on ebay ??
If you decided to buy wholesale and sell as a retailer, you should be aware of the following:
You need to know which items are in demand. eBay Pulse http://pulse.ebay.com is a free tool offered by eBay that will show you the top ten searches on eBay within a particular product category. If, for example, you want to sell digital cameras on eBay then use eBay Pulse to see which cameras people are searching for.
Always Find the real wholesalers. There is a big difference between a wholesaler and middleman. With a true wholesaler, you get the best deals and prices. Believe it or not, having a reseller’s certificate is the most important thing to buy a lot of wholesale products at very low affordable prices. True wholesalers like to deal with other legitimate businesses.
Find an adequate, safe and protected place for storing your products. This is very important because sometimes you sell on ebay a product and when you come back to pack it and ship it, you find it damaged if it was not well stored. This will be very disappointing to you as well as to your buyer.
Have a nice place with adequate light to picture your products. This will help you to give accurate description to your listing. accurate descriptions and pictures builds confidence with buyers and make them repeat customers.
If you are going to sell many products over ebay, try to have a daily UPS pickup. This will facilitate the whole process of shipping and will minimize your shipping costs.
Always have shipping boxes and shipping supplies [tape, bubble wrap ,..etc] ready and available. You can buy these supplies on ebay also. They are cheaper and of good quality and you will get a feedback from the seller which will also help building your reputation.
Always have a tracking number of your packages. I usually don’t send a tracking number to my customers [to save time] and 90 % of the customers will not ask you, but when a customer ask about it, I am always ready.
Nowadays with a lot of wholesale directories, it’s very easy to know a lot of reliable wholesale and dropshipping companies which offer products at very low prices. The most important is to pick up a reliable and trustable wholesale directory [ I will personally recommend one of them at the bottom of this page]…
What is dropshipping on ebay ?
Dropshipping is a system formed by a dropshipping company which carries the products, a retailer who sells the product [you in this case] and a customer who buys the product.
The dropshipping company that will ship one product at a time directly to your customer. You only pay for a product when it sells.
You don’t have to store any products at your home. It’s all done for you by the dropshipping company.
You simply list a product For selling on eBay. You get the item details and pictures from the dropshipping company website. If your item sells, you go back to the dropshipping company website and place an order for this product with your customer shipping information.
You pay the dropshipping company for this product and they will ship the product to your customer under your name! You pay the cost of the product and keep all the profit for yourself! If the item costs you $15 and you sell it for $25, you’ve made 10 Dollars Profit.
You can do this for thousands of products and imagine the profit you can make. Now take a look on this simple chart to help you understand dropshipping in details: Advantages Of Dropshipping
Lower starting price for your business: The costs of storing wholesale products as well as packing and shipping individual items may be huge especially if you are starting your business and on budget. With dropshipping, you don’t have to store anything nor you have to pack and ship a single product.
You Don’ pay upfront for Inventory: You don’t pay the dropshipping company for an order until your customer pays you. You can easily select some products from the dropshipping company website and test them by listing on ebay without any need to buy them in advance. If your product sells, you will then pay the dropship company to ship to your customer. If it does not sell, you have no product in your hand. You just lost ebay insertion fees
Saves Time: If you buy wholesale, you will spend a lot of time to arrange your products and store them. When something is sold, more time will be invested in printing packing slips and shipping labels, packing your items in shipping boxes as well as shipping your items.With dropshipping, you will save all that time and you can concentrate on marketing and promoting your items on ebay. No Order Minimums: Excellent dropshipping companies will not charge a dropship fees for small orders.
Large Variety of products: You can sell on ebay many products from different dropshipping companies in different categories. You can sell electronics, baby items, clothing, games, etc..It doesn’t matter because you will not be storing any of these products. This will not be available when buying wholesale.. You will also able to sell large and fragile items, such as furniture, without the hassle of trying to store, pack and ship each piece.
Easier listing over eBay: Dropshipping companies websites are always loaded with professional pictures and descriptions of their products. This will help you to list items easier and faster on eBay.
Build your Name and reputation: Some dropshipping companies will ship your packages with labels from your company name [ebay user Id In this case]. Your eBay store name can be put on all the packages dropshipped to your customers.
Disadvantages of Dropshipping
- Dropshipped products prices are usually a bit higher than wholesale prices: This is a fact, the more you buy, the better price you get.
- Some companies will charge you a dropshipping fee: You will pay this fee for each product shipped to your customer. This fee is to cover the process of packing and shipping individual items.
- Occasional Problems with shipping: some dropshipping companies are slow in fulfilling your orders or the packaging of products is not that good. This might lead to unsatisfied customer, if he receives his package late or damaged. So whenever you are joining a new dropshipping company, always do a simple test for them. Make an order for a product for yourself. let the product be shipped to your address. Now you can evaluate by yourself the timing and packaging. You can avoid all this hassel if you know some trustable and tested dropshipping companies to start with. By clicking here You can find many excellent dropshipping and wholesale companies. These are the same ones I use right now and profit from. Yes Derek Bingham is an ebay seller folks! Ebay is one of my many sources of income I use to work at home.
- Dropshipping companies serve lot of sellers: Sometimes when you sell an item and you come back to order it, you will find it out of stock. This might carry the risk of unsatisfied customer. If this happens to you, try to handle it with your customer very fast. I always write in all my ebay listings the following sentence ”In rare occasions, we are out of stock of some items but the items are not yet removed from our ebay store. If this happens and you have already paid for the item, your money will be refunded in full immediately.”
I do understand how difficult it can be to find products to sell. That is why you have your buddy Derek Bingham here to help you right? LOL
If you want a reputable company that can help you find products to sell then I recommend you to check out these guys and Click Here!
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