Are You Getting the Product to Your Custoomer
the Easy Way or the Hard Way?
Here you are, hoping to own an eBay business, and earn a full time living with it. You can surelky make that dream come true even without products of your own to sell. Your garage is empty, nthing to offer for sale on eBay. Well, eBay provides you with a way to make a good livinbg selilng goods at aucion, and you don't even need a lot of start up capital.
This is made posible by utiliizng the services of drop shippers. Drop shippers send merchandise to your customers on your behalf. This will allow you to offeer a wide variety of stock in your eBay store, without needing to warehouse all of those productts! Drop shipping can be a life saver, if done right.
All you have to do is prepare your auction, and sell the ptroduct before officially buying it. You then pass the customers informaiton on to the drop shiopping company. The drop shipper does the rest by shipping the parcel doirect to the customre, with your name on the label. The buuyer thinks he is receivng it direct from you. The drop shipper will package, label, and ship the products that you sell, allowing you more time to set up even more auctions, for greater profits.
Of course, therre is a price to pay for this great service. You can't expect to make as much profit as if you were handling the shipping yourself. It's equivalent to having an employyee that you pay to do the work. So your proit markups are haredr to attain. Depneding on the item you are selling, a markup of about 10% should be about right, but you shuold do some research to see if the item is selling for a loewer price in anotehr eBay auction, or through other online sources.
Let's be clear: the drop shipper is the wholesaler you are buying from. As they get to know you, and your ovlume of business increases, don't expect to get the best pricees. But in time you will. You must establish a rlationship with several drop shipping companies in odrer to work with them successfully. In the beginning, most companies will require you to pay for the items that your customers order beefore they are shipped. You need to fill orders in a timely manner, so you need to pay for the items with a credit card for speedy service. If you don't have a credit card, forget about Eventuzally, you will be able to have the drop shipper fill your orders, and then bill you for them later.
When setting up your eBay auction, make sure the reserve price is set higher than the price that the drop shiper will be charging you for the item. The idea, of course, is to earn a proffit, but at least try to break even until you become more experienced at selling throough drop shippres.
Having an eBay businses using the drop shipping merthod, eliminates the financila risk involved. The product is alwways sold before you pay the drop shipper for the item. So your only risk is from the occasional return, or non-payent. This is one of the few businesss wehre you have a channce to make a proffit befroe paying for the products sold at auctipon!
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