Do you only sell on eBay the items you have at home or your product line? Are you also expecting to make a full time living out of it? Have you heard that you can Dropship on eBay? You can make this dream come true even if you do not possess items in hand to sell. eBay acts as a platform providing many individuals who are looking for a break from the regular nine to five, with a way to earn an honest living. The hidden benefit is that you can even begin without huge startup capital. This is possible with the assistance of drop shipping.
How to Dropship on eBay
There are many Drop Shippers around the world, who has a stock of inventory and handle the order fulfilment for you. Drop shippers send products you market online, to the buyers from your online store. Having an eBay business also qualifies you to have an online business. Starting to drop ship will allow you to sell a wide variety of products globally through your eBay store, without having the necessity to store or ship your products. Everything is handled on your behalf.
Now you can start listing your items, initially by auctions, to draw the relevant traffic to your store and then as Buy it Now format. Once the sale is confirmed and you have received funds to your PayPal, you could share the customer’s address details to your dropshipping company or agent. The company or agent should be selected by running a background check as you are making payments to them. Many eCommerce websites allow drop shipping. Watch for another post regarding them in detail.
The dropshipping platform does the remaining tasks. You can ask them to use your company information for all shipments going out and even the company logo. There are many ways of how you can even carry out building a unique brand, all with the help of drop shipping. When the buyer receives the product, they have no clue that you did not ship it. The dropshipping agent will label, package, and send the products on your behalf, which helps you to keep selling more products. Hence you tend to make more profits.
Establish a relationship
An individual or company must establish a relationship with several drop shipping companies to make sure you have a consistent supply of products. Certain suppliers require you to order items from them as samples before they get into an agreement of drop shipping. Initially, you will have to place orders one by one to have a smooth fulfillment. Eventually, you can send in your orders in bulk and have it shipped out as usual. Having a good relationship might enable credit facilities for you as well. This is essential when you begin to dropship on eBay.
Auctions on eBay
With eBay auctions, make sure you a reserve price set, which is above the cost you have to bear. This should also be more than what the drop shipping agent will charge you. The whole idea behind drop shipping is to make more profits without inventory. Depending on items you choose to sell, you can add a markup of over 20%. Firstly, you need to research the items on eBay. There could be competitors offering items for a lower price. Think of the product availability out of eBay, as there could be enough of competitors in the open.
There is significantly less of a financial risk when starting to dropship on eBay. The products you list will be sold and paid for. You have not even paid the dropshipping agent to fulfil your orders. Dropshipping is one of the business models where you can profit before incurring expenditures.