What
is Dropshipping? Finding Dropshippers - Its Advantages and Pitfalls!
Dropshipping is a type of retailing where the retailer does not
keep goods in stock, but instead passes the customer's order and shipment
details to the wholesaler, who then dispatches the goods to the customer
directly. The retailer makes their profit on the difference between the
wholesale and retail price more
...
10
Top Tips To Successfull Dropshipping
Many entrepreneurs have found success in the dropshipping industry. For
those who aren’t familiar, dropshipping is a business term used
for a situation where a seller sets a retail price for an item, collects
the payment, sends the wholesale cost to a dropshipper and the item ships
directly from their warehouse. In most cases, the seller never even handles
the merchandise because every aspect of shipping is handled by the dropshipper
more
...
Drop
Ship Your Way to Wealth
Your customer sees a marvelous array of products on your website. After
thoughtful consideration, she purchases the product she wants. Amazingly,
you have never actually seen the product. That is because your supplier
shipped the order directly to her more
...
How
To Sell $20,000 Per Month on eBay Selling at Wholesale Prices
My wife had an eBay business and she was a Gold Power Seller selling more
than $20,000 per month. She sold mostly watches, lots and lots of watches.
She sold them wholesale, by the dozen or by the case, 30 to 60 at a time.
They were inexpensive watches; we paid from $2.50 to $4.00 for each one
and sold them from $3.50 to $12.00 depending on the quantity purchased
more ...
Is
Drop Shipping a Realistic Way to Make Money Online?
by Kevin Nobleman
Drop shipping, for those who are unfamiliar with
it, is a system whereby you promote the products of a particular manufacturer,
take orders directly, and the manufacturer/source handles all the inventory
and fulfillment functions for you.
In a nutshell, here is the drop-ship system:
==> You generate and accept the order.
==> You take your profits out of the sale price.
==> You forward the order and the wholesale cost to the drop shipper.
==> The source factory ships directly to your customer.
The benefits of this arrangement are probably obvious:
No inventory cost to you.
Substantially higher profits to you over what
most regular affiliate programs allow.
The ability to quickly set-up inexpensive, highly
targeted, niche or mini-sites to test and promote diverse products.
This process has been around for years and has been
responsible for many highly successful mail order dealer relationships
in the past. Many of the top catalogers and other direct response marketers,
have been using this system to increase profits for decades. If you have
ever ordered a high priced item from a mail order catalog and been told
that the product was being shipped from the factory... then you have experienced
drop shipping first hand.
Drop shipping is, I believe, a virgin un-tapped
storehouse of profits for todays internet marketer.
On-line directories exist which reveal essential
contact information for drop shippers of over 2,000,000 products and 4,000
brands. Most legitimate drop ship sources will require that you have a
state tax reseller number in order to approve you to sell their products
and give you the wholesale pricing you are looking for.
Beware of any drop ship source which requires you
to pay a fee in order to become a drop-ship dealer... or requires a membership.
These are generally organizations which make their money selling "drop
ship licenses"... and are, for the most part, scams. Legitimate drop
shippers and factory sources never charge you any fees other than the
actual shipping costs of the products you sell.
Another caveat... always make sure that you have
a written agreement with the source factory that you own the customer!
The factory or drop ship source should agree in writing not to solicit
your customers in any form. This is very important to you. Your customer
list is one of your most important assets. If the factory you are dealing
with balks at this request... use another source who will agree.
Almost every conceivable type of product is available
from a drop shipper willing to ship products in single units under your
companies name. Pick your interest area... electronics, consumer products,
agricultural & industrial products, office equipment & supplies,
hobby gear, recreational / sporting goods, clothing, furniture, etc. The
list of available products from drop shippers is almost endless.
The products actual source is invisible to the consumer.
The seller (you) is able to build a database of customers that he/she
owns and controls (by agreement with the manufacturer) and has all the
direct marketing advantages that accompany that arrangement... while eliminating
the need for maintaining expensive inventory.
This arrangement offers maximum flexibility and
cost savings for the seller. If a product does not sell well online you
can pull the advertising (web page or mini-site) instantly with very little
cost to you outside of the actual time it took to build and test the web
marketing effort. Or, since this type of page/mini-site is so inexpensive
to maintain and host... you can simply leave the pages online and take
whatever orders trickle through... while you move on to the testing and
promotion of new drop ship products.
The manufacturer benefits from this relationship
by gaining a legion of active marketers promoting their products... at
little or no cost (other than those small costs involved with supporting
the marketer with online marketing materials like product images, sales
materials, etc).
As a marketer you are looking for several key components
in developing the drop-ship relationship with a source factory or distributor:
High Quality Marketing Materials ... product
images (gifs, jpegs, etc.), selling copy, other suitable web graphics,
etc.
A Customer Service Department that will work
with you to develop the best selling situation for you
If you are a manufacturer seeking to expand distribution
(or an inventor with a new product ) you will find the willingness to
drop ship in single units will give you a strong competitive edge while
you carve out increased market share at little cost.
If you are an online marketer interested in offering
high profit products to your niche market (your website visitors) without
incurring high front-end development or inventory costs... then drop shipping
is for you.
Internet marketers are uniquely positioned to take
profitable advantage of the drop ship arrangement and should give this
system a serious look.
About The Author Kevin Nobleman has researched and uncovered numerous
scams in the corrupt online drop ship industry. He has written special
articles to help people avoid drop ship scams. With five years of experience
in the online drop ship industry, Kevin has discovered over two dozen
legitimate drop ship companies, wholesalers, independent suppliers and
buyer/seller communities he would encourage you to do business with. He
provides this report in a valuable information package on his website,
http://www.restaurantandbar.org