Drop Shipping Is Your Perfect Home Based Business Solution
Drop shipping is one of the greatest businesses to operate from home. With drop shipping you sell another company's products, use their warehouse and shipping facilities, and they provide you with the sales tools you need like product descriptions and images and more - free of charge!
Drop shipping is great for small businesses because you can start with literally nothing & gradually increase to higher levels of success. Drop shipping allows you to leverage other, much larger company's resources!
Any business owner who needs the an inexpensive & efficient means to market items online should look into drop shipping. Drop shipping allows you to sell almost any type of product you want with no warehouse & no inventory.
No inventory = low risk! You only purchase an item from the dropshipper after you've already made the sale! You never get stuck with a garage full of products that won't sell.
Drop shippers packages all of the products for you, they place your name on the return address of the package & then they ship it to your customer. You'll look like you're a multi-million dollar outfit to the customer!
In order to do business with a real wholesaler, some of them (not all) may require proof that you're in business & not just some consumer looking for great prices. So, you may need to file for a Resale Tax ID for your State. It's easy to do I filed my application online in just 10 minutes & even received a temporary certificate that I immediately printed out. I was literally in business within 10 minutes!
If you're SERIOUS about running a business you MUST have one! No ifs, ands, or buts. And, it's so easy to get one, there's no excuse not to.
If a wholesaler doesn't request a Resale Tax ID from you, they're a very small company or they're not real wholesalers, just middle-men.
When you find wholesale companies that drop ship many different types of products, everything from toys to electronics, and they don't request your Resale Tax ID, be aware that probably aren't a real wholesale company. Most legitimate wholesalers focus on a specific product type, like electronics or toys alone.
These middle-men companies just forward your order to the real wholesale company. You won't be able to compete on a level playing field with your competition if you do business with these guys. Chances are your competitors have Resale Tax IDs.
So be aware that you're dealing with a middle-man wholesaler who will have the real dropshipper dropship your products for you. Do yourself a favor & avoid dealing with the middlemen and get a Resale Tax ID. You'll save yourself a lot of money by be able to compete with the big-guns.
After your account is set up with the real wholesaler, you'll get a printed catalog and possibly a CD-Rom with product descriptions and images that you can use.
Middle-men usually don't provide these "bonuses". You just upload the image & description to your web site, decide on the price & wait for the orders to come rolling in!
Drop shipping will allow any person to run a successful & competitive business from home regardless of a lack of start-up funds.
By Mike Nalbone
Jumat, 18 Juli 2008
Drop Shipping Is Your Perfect Home Based Business Solution
Now, are you ready for the REAL TRUTH about selling on eBay?
It's simple; don't list too many items for sale using their auction format. Instead, set up one of their stores. The cost starts at just $9.99 per month.
Why is this a good idea?
Let's do the math:
If you list an item for sale using the auction format, the cost is anywhere from $.35 on up to several dollars PER AUCTION. What's worse is that the auctions are only good for 3, 5, 7, or 10 days.
BETTER WAY: Sell the item in your eBay store. The listing price is just 2 or 3 cents per item...and get this...They're good for a FULL 30 days! For example, I recently sold a $500 item that I listed in my eBay store. The listing cost me a whopping 3 cents! The same item, if I'd sold it using the auction format, would have cost me several dollars!
Using eBay's Auction format to list 500 items at a minimum of $.35 each = $175.00 (and these are only good for 7 days each so you'd have to list them 4 times each per month) $175 x 4 = $700.00
List the same 500 items in your eBay store @ just $.03 each = $15 + the $9.99 monthly store fee = $24.99 and they are listed for a full 30 days each!
You save $675.01 per month! HOLY SMOKES!
I'm sure you can clearly see the benefit here. Of course you will want to sell a few CHEAP items using the auction format to try to generate interest & drive customers to your eBay store where they will buy MORE from you. Make sure every auction listing contains a link to your eBay store & TELL THE CUSTOMER TO VISIT YOUR STORE. Sell 10 or so of your 3 or 4 or 5 dollar items as auctions...just enough to get some traffic to your store.
Now, what is it that the REALLY successful PowerSellers do?
They maximize the "back-end" sale.
What this means to you is that once a customer has bought from you, the hard part is over. Now having done business with you, they TRUST you to deliver the goods. You MUST & I REPEAT, MUST try to get that customer to buy again & again.
Never, ever, send a package to a customer without including a sales flyer, catalog or some other special offer in the package to try to entice them to make another purchase. Email them a special offer every week or so.
You NEED repeat customers. Going after the lone, one-time sale is a losing battle. You will not be successful unless you get them to buy again & again & do this with every person you deal with.
Send a thank-you note via postal mail or eMail to every customer & use that opportunity to SELL THEM SOMETHING ELSE.
Sell CONSUMABLE items. You know, stuff that people need to order fairly often. Like socks, t-shirts, work gloves, food items, towels & linens, printer ink cartridges, sell shipping materials to other eBay sellers. You will get REPEAT orders from these customers for months and even years to come.
By Mike Nalbone
1. Admit It: Old business models are no longer working. The Internet is bringing us closer as geographical boundaries, language barriers and cultural differences melt right before our eyes. Is is authentic? Is it fake?? What is Real? HMMM...Is the real question defining reality... ?
2. Get the Facts: According to USA Today "Ebay has become a mirror of our times. More than 125 million people use it; $1,060 worth of products flow through it every second. Among the top 10 search terms on eBay in 2003 were four designer brands: Louis Vuitton, Gucci, Coach and Prada. Which designer brand will win 2005? A simple search on eBay will give you the real time information, pricing and style numbers. This information is free for offline and online retailers. If you plan on buying from the licensed wholesale distributor at regular wholesale prices better make sure your prices are competitive with eBay retailers selling Below wholesale.
3. Think Global: If you think eBay is big, this is only the tip of the iceberg. The Embassy of India recently announced "eBay, the World's Online Marketplace (NASDAQ: EBAY - www.ebay.com) has agreed to acquire Baazee.com Inc. and its subsidiary Baazee.com India Pvt. Ltd., the largest online marketplace in India. The acquisition is expected to close in the third quarter of calendar year 2004. There are currently 17 million Internet users in India, and the number is expected to grow to more than 30 million users in 2006." India Folio
4. Process and Plan: Once you have read the facts, process the facts. How will rapid globalization affect Your business? If Ma and Pa Kettle are surfing the internet while watching TV and ordering from India delivered for 1/2 price, where is your business going? Overtaken by this huge evolution of Internet communication, eBay has washed it's hands of policing counterfeits by instituting a inside Vero Team of registered trademark owners who have been given Carte Blanche to pull auctions suspected of selling goods that are infringing on copyrights.. is it legal? is it working?? A quick search on eBay for the words "Tiffany jewelry" January 14, 2005 produced thousands of results for items offered at below wholesale prices Search eBay . Search results for the words "Von Dutch", Tommy Hilifiger, Abercrombie, produces similar results.
Is Vero losing the battle to protect trademarks and copyrights or is Vero accepting the new pricing mechanism that is the result of the globalization brought on by the fastest growing internet company in the world? Mixed messages from Vero/Ebay regarding their policy is resulting in legal battles. Are Grey Market goods legal? Ebay Powersellers say yes and are fighting back and many are winning Read Taberone's Case - Grey Market Goods Tiffany says it is Not legal and the courts agreed that eBay should be taking stronger measures to protect trademark owners. Tiffany/eBay - MSNBC Report Von Dutch is handling the situation a little differently by posting a black list of companies on it's eBay About Me page. "If you bought products from one of these websites, YOU BOUGHT COUNTERFEIT GOODS." Some companies listed are coming forward claiming the statement is not true and invoices will prove it. Containers of brand name goods are entering the USA faster than ever as manufacturers and factories worldwide see new opportunities.
5. Get on Board! Whatever you decide to do - make sure you take a close look at the tremendous opportunity ahead. Celent Communications anticipates the online payment industry in the US will grow significantly over the next few years, rising to $12.5 billion in revenues by 2005. Consider new sources of inventory through off price wholesalers and importers. Where do you fit in this? Old school, new school? Grey area?
Jane's Closeout Marketplace offers a variety of suppliers including licensed wholesale distributors, manufacturers, off price wholesalers and Ebay powerseller suppliers. Buyers and sellers can use our e-Contract technology to make deals online. Ask questions, everything is recorded in writing between buyer and seller. Additional Benefits include 24 Hour Inpection, Community feedback program, order processing and since 1998 no upfront fees.
Please email comments to: feedback @ janesdeals.com. Thanks to Wholesale411 Community.
Jane Pate Arnold
Remember back when selling online was a new experience? Dealers tried everything to sell their vehicles online. Today's market has expanded to include several hot online marketplaces but there is the largest online marketplace, Ebay. Ebay has evolved into an online solution for everything from whole towns to your favorite paperback book. Big or small it doesn't matter, Ebay has everything for the savvy consumer.
Vehicles are plentiful on Ebay. Ebay sells a vehicle every minute for the savvy seller willing to invest his time and money in listing his vehicle online. Just how effective is selling on Ebay? A vehicle sells once every minute on Ebay that is very, very effective. Do all vehicles sell that are listed on Ebay? Actually, less than 10% of the vehicles listed on Ebay actually sell.
What are the companies doing that are selling effectively on Ebay? Is there a secret to their success? Consider that a digital camera and some basic design skils is all you need to sell on Ebay. Of course you also need a vehicle to sell. Which vehicle and how much will it sell for? How to type up the description so that that savvy consumer will want to purchase your vehicle?
All of these questions are asked each and every day by savvy individuals and auto dealers all across the United States. A company has come along that can help with your selling situation and take the work out of listing on Ebay Motors. That is right! No work for you! They take the pictures and handle your vehicle sale from start to finish. While handling emails and phone calls in a professional manner to produce a proven sales result.
A Consulting company called www.AutomobileClearingHouse.com has proven that they can sell cars on Ebay with a sell through factor much higher than the average consumer on Ebay. Take the work out of selling your vehicle on the world's largest marketplace. Check out their website and see how easy selling a car online can be.
"We are commited to selling online. Let us put our extensive experience to work for you."
By Cherie Szilvagyi
Due in part to the popularity of the U. S. Department of Housing and Urban Development (HUD)'s home auction program, more potential homebuyers than ever are buying homes at auction. Homes for auction aren't limited to just HUD, however. Many government entities auction homes for payment of back taxes, and some homeowners even auction their homes on eBay.com!
Homebuyers considering buying a home at auction should take some steps in advance to help them with their bid price, and even whether to bid at all on a specific home. There will always be a degree of risk when buying a home this way, but with a little diligence, potential homebuyers could save a lot of money buying in this manner.
Before the auction, you should have your financing arranged, and have enough cash on hand or in your bank account to cover a deposit on your purchase. You need to check the features, location, condition, and ownership history first. Afterwards, be sure to learn what the property is worth by looking at sales of comparable properties in the same area. Compare homes with the same number of rooms is possible, but be sure to allow for price differences due to pools, decks, carpeting, window treatments, etc.
At the auction itself, resist the temptation to get into a personal bidding war, just "to beat out the other guy". Have a set price limit and stick to it. Other houses will come along, and you don't have to win the first auction that comes your way.
You should know that the price of a home at auction is typically the loan balance (if foreclosed), plus any back taxes owed, plus legal fees and other expenses in foreclosing the property. This will typically be the opening bid amount, and the price will go up from there. Even so, it's possible to get a great deal in an auctioned house, with a little research and planning first.
Also, know that you probably won't be able to get an inspection, and are buying the home "as is". If you can't do any needed repair work yourself, or can't hire it done within your budget, you may not end up getting such a bargain in the end.
By Jakob Jelling
Buying on eBay can be very rewarding, either in terms of being able to pick up items cheaply or for hunting for hard to find items. Although generally the experience is good, there are instances where things can go badly wrong. These tips, based on experience over the last seven years, should help to avoid some of the potential pitfalls.
1. Make use of the various tools provided on eBay to ascertain the target price of items you are interested in. A simple way to do this is to 'search' for completed items.
2. Always check that there are no hidden costs associated with your potential bargain. These may may include unspecified unspecified postage costs, or paypal fees chargeable to the buyers. If in doubt e-mail the buyer and if you don't get a response then don't bid. Remember that when buying from overseas postage costs can be significant compared to the price of the item and also for more expensive items you may be liable to customs fees.
3. Check out the seller's feedback. You should be aiming to buy from sellers with feedback of at least 98 per cent - if it is less and you are interested in an item read the feedback comments to satisfy yourself that the buyer provides a good service. In particular, read the neutral and negative feedback posts to try to work out what may have gone wrong with previous transactions.
4. Don't get carried away and end up bidding more than need or want to. Some items appear very frequently on eBay and it may be worth setting yourself a limit and waiting for the next one to come along.
5. If you find you are often being outbid at the last moment, consider using a sniping software which you can use to automatically submit a bid in the last few seconds of the auctions.
6. Where possible, use Paypal to pay for items on eBay. The sellers get their payment quickly, and there is a degree of protection for buyers if things go wrong. eBay (via My eBay) provides a number of tools for monitoring progress on your transaction.
By Stephen Reynolds
Q: I want to start an online business. Since I don't know anything about ecommerce and building websites and such, I'm thinking about starting out selling products on eBay, then pay someone to build a website for me once the money starts coming in. The big question is: what is the hot product to sell on eBay to make money fast? -- Bob D.
A: While it's true that selling products on eBay can be a quick, low cost way to launch an online business, following the herd by selling the "hot product" of the moment, is not a great idea. To the contrary, chances are you will be stomped in the ground by the herd and left lying in the dust with your unsold inventory in hand.
We talked about starting a profitable eBay business in a previous column and the advice I dispensed then still applies today.
The most successful eBay sellers are those who understand that success on eBay relies on many of the same factors as success in a brick and mortar business.
· Smart sellers research the marketplace and the competition to determine the salability and profitability of the product.
· Smart sellers test the market with one or two before committing to a product line and tying up their cash reserves in inventory that may never sell.
· Smart sellers adjust their product offerings until they find a product or product line that sells consistently.
The last point is perhaps the most important. Long term eBay success does not come from "one off" sales. The key to real eBay success is to find a product that sells well and sell that product over and over and over again.
I asked Timothy Mina, author of the new book, The Online Auction Expert's Bible To Selling on eBay, his thoughts on launching a successful eBay business.
Why is eBay so attractive to entrepreneurs?
"With an eBay business, you set your own hours and set your own goals," Mina said. "You can work as much or as little as you want and whenever you want. Many sellers supplement their income by selling on eBay and many others have turned it into a full time business."
Mina cites the following reasons for eBay's growing popularity among entrepreneurs who want to start an online business:
· You can start up quickly and don't need special skills.
· There is very little risk and investment required to get started.
· The marketplace is huge. There are millions of potential customers waiting to buy what you're selling, 24 hours a day, with the click of a button.
· No stress, no boss. Yes, there is work involved, but the work can be done at your own pace. You are your own boss and you set your own schedule.
· Most importantly, you can follow your passion and do something you love. If you sell something you enjoy selling, online auctions aren't just profitable, they're fun and exciting, too.
Why It's Critical To Find Your Niche?
Mina recommends creating your eBay business with niche items. According to Mina, the benefits of targeting a specific niche market include:
· If you are going to rely on eBay as your primary source of income, it is essential that you find your niche. If the goal of your eBay business is to earn enough money in your spare time to make your car payment every month, it is less important, but still highly recommended.
· If you find a profitable niche, you will become a certified guru of the items you sell you will ideally be the only one on eBay offering the products.
· Your expertise will make it ten times as easy to spot bargains when you're shopping for products to resell. Bargains might be all around you, but if you don't know anything about what you're selling, you won't know how to spot bargains that are right in front of you.
· You will find different ways to add personal value to your products. These low cost add-ons or unique twists to your products will drastically increase your sales and profits by making your items unique and desirable.
· You will have little or no competition from other sellers, so you can corner your niche market.
· By dealing with the same type of customer over a long period of time you will get to intimately understand the mindset of your target customer and what your customer wants. This will help you sell your products better and allow you to market your products in ways others haven't thought of.
· You will be knowledgeable and enthusiastic about what you sell, and you will be attentive to your customer's desires. This results in satisfied customers, name recognition, and a lot of repeat business.
· You're going to find something you're passionate about and specialize in it. If you love what you're doing, you have a much greater chance of sticking to it and loving it. So it won't even feel like work - it'll be like you're getting paid to play.
How do you find your niche?
So how do you find your niche? Mina recommends doing an inventory of your hobbies and interests to help you identify a niche you would enjoy working in.
· What are you passionate about?
· What do you collect?
· What do you like to read about?
· What do you do in your spare time?
· So you have a favorite pastime?
· What was your major in college?
· What jobs have you had?
· Are there any other fields in which you have a great amount of knowledge?
· What clubs do you belong to?
Mina also recommends that you spend time on eBay studying the category listings. This may give you additional ideas for hobbies you can turn into an eBay business. Once you have defined your hobbies or interests, brainstorm how you can turn them into a business.
· How can you turn your expertise into a product?
· How can you add value to current products related to your interest?
· What product can you sell that may be one of a kind and have little or no competition?
· Can you think of novel ideas that people who share your passion would love?
· Is there anything related to your hobby that you can create yourself? An ebook or a how to, perhaps?