If you are considering starting a Dropship business, you will require either your own web site or an Ebay account. If this is your first shot at earning some cash with drop shipping, I would advise opening an Ebay account, as this is going to be the easiest procedure of setting up a dropship firm.
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 transfer the purchase agreement on to the manufacturer or wholesaler who then delivers the consignment directly to your client. This an excellent technique of making a profit without holding any stock
Market Research
Before you start looking for dropship suppliers you need to be informed what is selling on Ebay. This is where Market Research comes in to the equasion.
Scan Ebay and see what type of goods are selling well. This will give you a sure pointer of popularity and price.
Utilizing Ebay's Advance Search facility to check out the completed listings is the best technique 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. Enter a product keyword or select a category that you want to research. Check completed listings and then the search button. You now have a list 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
* Start off by selling your stock on auction listings. After you sell an item you can then offer the same item to all the people that placed a bid on it.
* Scan pulse.ebay.com to view the most common 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.
Suppliers
There are hundreds of suppliers to choose from. Here is one that I use on a regular basis.
WorldWideBrands.com
A word of warning: Don't purchase lists of dropshippers or pay a membership fee to join a dropship company
And remember, if it sounds too good to be true, then it probably is.
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