Drop Shipping for Ebay

Drop Shipping for Ebay, is it possible to start a successful business like this for little out of pocket? Most certainly - yes! The difficulty arises in the careful selection or prescreening phase of putting your business together. Meaning, that during the process of selecting a vendor, you must be careful of the hundreds of supposed drop-shippers online and many so called "instant auction success kits", all of which are useless. There are only a limited amount of Ebay approved drop-shippers and joining any one is the first step to creating your business.

Read more: Product Sourcing for Ebay: Secrets of Successful Ebay Sellers

How does Drop Shipping for Ebay work?

Initially it is important to select products to sell from a database of products.

Your drop-shipper will have tools available that allow you to select products, set pricing and automatically assist in the auction listing to eBay. When your products sell, you will receive payment through your Paypal account. Immediately turn around and purchase the product at wholesale from the drop-shipper using your Paypal monies. The drop-shipper will then process the order and ship the item(s) to your customer. They will also handle any returns, exchanges or problems or instruct you how to resolve the issue through the manufacturer when warranties apply. Finally you will have tracking information on every order for additional accountability.

Expect to spend at least several full days setting your business up. The up side is that you will probably have made a profit the first week and once you have set up all your products the business will pretty much be running on automatic pilot. As a reminder, there are only a few reputable and verifiable Ebay approved drop-shippers. Follow the links at the end of this article to read a full review on each of them. This complete review will assist you in deciding which Drop Shipping for Ebay Company is right for you.

Drop shipping for Ebay companies are the heartbeat of your company. Use good sense when selecting one. When you find the company (or companies) you are satisfied with then it is best to stick with the company that most fits with your business model. Everyone's business needs are different.

At this stage it would be wise to take the time to familiarize yourself with Ebay, Paypal and your drop-shippers policies and procedures. Explore each site carefully. Make yourself comfortable with the tools and products offered by your drop-shipper. If you encounter any problems or have any questions along the way, contact customer support for the site you are having problems with. These people are professionals, so do not hesitate to ask even the simplest questions. They are there to assist you.

The more reputable Drop Shipping for Ebay companies offer you online help, your own web site and to a degree will advise you of the on going products that are hot in the market for today's sales. Remember in today's world product changes often as do the consumers need for the product. That's why it is important to work with a reputable drop shipper that can help you to keep a breast of what is going on in today's marketplace.

With the services that Drop Shipping for Ebay companies provide today, a small businessperson can set up their business from home and easily stay on top of it. The right drop shipper is everything in the virtual online store.

Product Sourcing for Ebay: Secrets of Successful Ebay Sellers

So, how do you make your fortune on Ebay? Like any other business, you buy low and sell high. Now, if you have heard of Warren Buffet's "value investing" technique, then you will know that you want a margin of safety when you buy goods. This way, you can miss the peak and still make a profit. This principle, too, is the secret of successful Ebay sellers. They have good, cheap, product sourcing for Ebay, which allows them to make a profit very often.

Readding: How To Be Successful With Product Sourcing For Ebay ?

Most successful sellers use one of these four techniques for product sourcing for Ebay:

Set up a workshop in a cheaper location (Mexico, South East Asia and Eastern Europe come to mind) to make their own products, for example low cost jewelry, knitting or furniture.

Buy and re-sell excess inventories of brick and mortar stores that are downsizing. Keep your eyes peeled when you drive around town and you will probably see some warehouse sales. Buy and re-sell inventories of brick and mortar stores that are being liquidated (going out of business). Read your local newspaper and check the section which announces auctions and businesses being liquidated.

Work together with specialized wholesalers for Ebay sellers

Each of the methods above have their advantages and disadvantages. However, the 4th method, wholesalers for Ebay sellers, is probably the lowest risk for people who are new to Ebay selling as a business. So, what are the advantages?

No inventory. For example, look at Amazon - they do not have any warehouse space, or even brick and mortar storefronts. Their storefront only exists on the Internet.

You get a wide range of products to sell.

Life is simpler. You do not need to manufacture the product or ship it. You only need to sell the products, pay for the item and tell your wholesale partner the shipping address.

If your auction is a dud, you do not need to pay for any products - your wholesale dropship supply partner holds the inventory, not you.

Very low cost business - mainly Ebay fees and dropshipping fees.

How does everything work together?

Assuming you are working with savvy wholesalers who specialize in product sourcing for eBay, you can ask them what's hot on Ebay now, and what will be hot next season. They have many years worth of data, and are quite willing to share some of their data mining efforts to help you make a bigger profit. Note that the more you sell, the more they earn.

They will also tell you how much the postage and handling fees are, so that you can factor this into your auction.

You set up your auctions or stores.

Once the product is sold, you pay your wholesaler partner their share of the profits and let them know the shipping address. They will send the product to the buyer.

Rinse and repeat.

Remember the following points when you look for a product sourcing for Ebay partner:

They must provide good quality products. Your good reputation is paramount. Sell crappy products and your customers will complain to Ebay. Your reputation will sink like a rock. And a poor reputation will seriously hurt your business.

They must ship the products quickly and efficiently.

This is the secret of successful Ebay sellers - effective product sourcing for Ebay gives them a reliable and low cost supply of goods to sell.