If you have sold everything you can afford to let go from your personal inventory and cannot seem to find more stuff in your immediate vicinity, but worse than that you are still basking in the adrenalin surge of an early success, and the strong urge to find more sale able products just won’t leave you be. If you find yourself in such a situation, you obviously have not heard about dropshipping
Dropshipping is the method used by professional eBay merchants to keep their retail ship on course. It is the only proved method that can propel a serious eBay wannabe to huge auction success. A no frills definition of dropshipping is that you have a wholesaler who has a huge warehouse chockful of a variety of brand name goods that he sources directly from manufacturers. This wholesaler is your partner in progress and you must treat him as such as he does all the dirty work for you. All you do is setup your eBay account, do your research to see what the people are buying on eBay, and log into your dropshipper account to see if your drop-shipper has your niche item or something very similar in stock, and when you are satisfied, you go on eBay and place your auctions. Once someone wins your auction, you congratulate them, collect your money, pay your dropshipper and then send your buyer’s particulars to your dropshipper who then packs the goods and ships it directly to the winner. Thus, taking inventory, creating storage space, shipping and handling of the goods are all taken care of by the dropshipper who also sells the goods to you at a profitable wholesale price giving you enough room to make your profit.
The joys of being a successful eBay auctioneer is unfathomable compared to being the owner of a corner store at any rate. You never have to worry about rent, lost inventory, being burglarized, wages for your assistant and many other innuendos associated with retailing in the brick and mortar world. And yet, you have the potential to earn far more than the owner of a corner store. Since you need just a few hours daily to set up your auctions from the comfort of your home, the hassles of traffic, bad weather and other negative events will not hamper your business in any way. Without owning a store, in reality, you have command of as much stock as say your neighborhood walmart or other department store.
To start benefiting from dropshipping, you will need to find and set up a trading account with your neighborhood drop-shipper. Apparently, any wholesaler or manufacturer in your area can do your dropshipping if you are business savvy and know how to approach them. Bearing the scam artists that proliferate on-line, you can also find very reputable dropshippers the Internet. You might want to join a forum for eBay traders where you are likely to find someone willing to give you directions for finding genuine drop-shippers who operate on-line. Depending on the level of rapport you’ve established with your dropshipper, you might be able to delay his payment until your payment has cleared, or your first few orders might require that you pay upfront before your sales are dispatched to your customers, until a certain level of trust has been established between you and your wholesaler.
Since you are in this to make money, you will want to keep your prices at a reasonable but comfortable level such that it does not dampen the enthusiasm of your potential customers nor does it harm your profits or escalate your advertising fees in any way.
An eBay business is capable of catapulting you to unexpected heights within a period of short time, depending on your level of interest, and you don’t even have to shell out any unreasonable amount of money to achieve your aims and objectives, which is to get rich I hope.