subject: Building Your Dropship Business [print this page] Building Your Dropship Business Building Your Dropship Business
If you are considering beginning a Dropship company, you will need either a web site or an ebay account. If this is your initial try at making some funds with dropshipping, I would suggest opening an Ebay account, as this is going to be the easiest method of establishing a dropship company.
What is Dropshipping? Put plainly, you are a middle man for a goods supplier. When an order is placed and paid for by a shopper you send the purchase agreement on to the Dropshipper who then delivers the consignment directly to your client. The good thing as respects this process of online trading is that, not only do you not hold any merchandise, but you can also make a reasonable profit on each unit you unload.
Researching the market The biggest oversight that most first time marketers make is failing to analyze the product they will be selling.
Search Ebay to determine the goods that are both popular and that sell well. This will give you an impression of the price you can demand.
Utilizing Ebay's Advance Search facility to examine the completed listings is the best procedure to research a specific product. To do this you must create an user account and be signed in. When you have signed in, click on the Advanced Search link at the top of the page. Type in a product keyword or Select a category to view. Check completed listings and then the search button. You now have a listing of completed auctions. Pay particular attention to the ones with the green "sold" box under them. Also take note of how many bids have been placed and the price the item was sold for. This gives you a clear guide of the price people are people are willing to pay for a particular item and the amount of people that were willing to buy it.
Strategy * Sell your Products on auction listings. After completing a sale you can then offer the same item to all the unsuccessful bidders. * Search pulse.ebay.com to identify the most popular searches and the most watched items. * Have your listing end between 7 - 9 pm. This the most popular time for buyers . * Register your Ebay user name as the company name. This makes you look more professional. * Get an Email account with your company name in it.
There are hundreds of suppliers to choose from. Here is one that I use on a regular basis.
BuyatDiscounts.com
A word of warning: Don't invest in lists of dropshippers and remember, if it sounds too good to be true, then it probably is.
