Dropshipping can be a great way to generate some funds capital needed to start your own business.
Everyone has thought atleast once about owning their own business and working for themselves.
Little do they realise the hard work involved but they are nothing but correct about the rewards and income that can potentially be gained.
Well, I'm going to give you a few tips about getting started in Dropshipping and I'm also going to warn you off the sites that screwed my first impression of Dropshipping.
For all you readers out there who don't know what Dropshipping is, let me explain:
Drop shipping is a supply chain management technique in which the retailer does not keep goods in stock, but instead transfers customer orders and shipment details to either the manufacturer or a wholesaler, who then ships the goods directly to the customer. As in all retail businesses, the retailers make their profit on the difference between the wholesale and retail price.
In even easier terms to understand it means that you can advertise a product, which you do not have to buy and stock, and when a customer buys it for the price you have advertised it for you send the wholesaler or supplier of the product the order and keep the profit.
For example if I advertised a 32" LCD TV for £300 and the wholesale price was £200 then my profit would be £100.
The great thing about Dropshipping is that you don't have to buy the stock and then sell it on, you are almost like a middle-man/sales representative.
This can be a great income generator if your website receives a substantial amount of traffic.
You can also start Dropshipping E-bay Shops but these unfortunately cos money to build and to list your products on the auction pages.
So now we know exactly what Dropshipping is lets get onto how to get started in this excellent part time earner.
First of all you have to use a search like my favourite, Google.
Search for Free Dropshipping Companies and you will see that there are loads to choose from.
Personally I chose products like Mobile Phones, TV's, Laptops, etc to sell on my website because these seem to the most bought items on E-bay and other auction sites.
NEVER PAY FOR DROPSHIP COMPANIES INFORMATION FROM E-BAY. THEY ARE AVAILABLE ONLINE FOR FREE. THE PEOPLE CLAIMING TO HOLD THE BEST DROPSHIPPING COMPANIES ARE SCAMMERS AND HAVE JUST COLLECTED INFORMATION FROM THE INTERNET AND MADE IT INTO AN EBOOK.
Once you have found your desired Dropshipper then its time to get the products on your website or blog.
Make sure you don't put too big a profit margin on the products you are selling because the cheaper you are selling the products the more you will sell.
Most people tag these items with massive prices and therefore only 1 or 2 a week but if you think about it you could drop your prices by £40.00 and sell 10 maybe even 11 items a week or even a day.
If your wondering how to get your ads up on your site you should use google to find how to html code your platform or contact your platform provider.
When you've built up a clientelle from your site and feel you have reached your full potential then it may be time for you to explore the e-stores of E-Bay and try posting a few products for a little cheaper than the main sellers and see how it works out because once again if you beat the hot sellers by £30 or £40 then you will surely attract the masses.
When selling on E-Bay make sure you check the other sellers in your categories because you can be sure their checking you and your prices out.
It may sound like a hard job but if you stick it out for 6-8 months you could be earning £5000/£6000 per month.
Well I hope that helps out the people who either didn't know about Dropshipping or those who are having problems with Dropshipping.
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