Everyone could use some extra cash these days and there’s few better ways than leveraging the world’s largest marketplace. We are talking about eBay of course! You have probably heard of eBay success stories, because there are many average folks who have found it to be a great way to make money. There are many different eBay business models that work well. Read on to learn about wholesale drop shipping and how this business model could be your ticket to eBay success.
The wholesale drop shipper eBay business model is great for beginners because you don’t have the hassle of stocking inventory or shipping orders. That’s left to your drop shipper. They maintain the inventory and ship order on your behalf directly to your customer. This entire process is seamless to your customer. The drop shipper will charge you a wholesale price plus shipping for the item and your markup is your profit.
Drop Shipping and eBay – Step By Step
Here’s a step by step look at how to make money on eBay with this business model.
Step #1) Select a product from your drop ship supplier that you would like to sell. Verify that it is in stock to be on the safe side.
Step #2) Use the description and images supplied to create a good eBay ad with a descriptive headline. Place your auction however you choose.
Step #3) When you have a winning bid or buy it now, accept payment from the customer and use that to pay your wholesale supplier and place the order to the customers address.
Thats the basic gist of it. Those that are most successful add their own angle on the basic formula. Many also own ecommerce stores off of eBay in order to leverage traffic from other markets and increase their profit potential.
Beware of Fake Wholesalers
If there’s one thing that’s most important it is the quality of your wholesale drop shipper. Your reputation and customer satisfaction is riding on a third party. It’s critical that you choose to work with a supplier that you can trust.
To make matters worse, there are many “fake” drop shippers floating around the internet that are nothing more than brokers clubs or middlemen. They take advantage of people who see the potential in this business model. Fortunately, there are legitimate suppliers out there as well.
So, how can you find a legitimate wholesale drop shipper? The best way is to rely on a word of mouth referral. You can also call the BBB to have a look at whether or not the business is listed in good standing.
It’s also a good idea to try and reach them with questions and gauge the professionalism and timeliness of their response. You can get a good feel for how they run their business and treat their customers with this simple act. Before you use a new supplier for customers, you should have an item or two sent to a friend or family member. You will see first hand how fast and in what condition the item arrives to make sure that all’s well.
Once you find a good wholesale drop shipper to work with, you can start listing your items, stocking your stores and making money. This model is truly wonderful because you need little startup capital to take advantage of the opportunities. Best of all, the supplier is taking care of all of the stocking and shipping which leaves you more time to place auctions and work on making sales.