Dropshippers
101
by Sherri Miller
To Be or Not To Be A Dropshipper?
Dropshippers are becoming more and more popular
these days. Most dropshippers offer a turnkey drop ship service which
entrepreneurs can sell their products on their own website or on ebay.
Most droppshipper have partnered with some of the largest suppliers in
the world. The good thing about the dropshipping business is that you
don’t have to worry with the hassels of purchasing or stocking your
own inventory nor do you have to worry with merchandise shipping or returns.
The majority of suppliers will drop ship with no extra fees.
A lot of your dropshippers today offer a great number
of products for drop shipping with about a 80 - 85% profit margin. The
profit margin may vary a little depending on with dropshipper you sign
up with. Through the suppliers dropshippers, can offer products that you
can’t normally get at wholesale prices. Although there may be differences
in the profit margins there is enough money to be made thru either your
website or another auction site. Either way you should be able to create
an nice income for yourself.
In order to be successful dealer in the dropshipping
game, it’s going to require you doing research. Research is needed
in order for you to sell your merchandise at the right price. As you already
know if you’ve visited some of the auction websites, that the prices
pretty much sell below the actual retail price and maybe even the wholesale
price. The bottom line is that if you want to make a profit continually
then you have to sell your product for the right price.
Dropshippers offers their products through an exclusive
network which protect the dealer. Besides, if too many people had access
to the exact same wholesale products then how can a dealer really make
the money they want.
Now here’s where it can be sticky. There are
some drop ship companies that charge minimal setup fees, and they tend
to not give you the oh so good merchandise which leaves too to no profit
margins. Then there are those companies with the high end merchandise
that will have you to believe in the beginning that there is no charge
but then after you fill out the application you find that there is a fee.
Now, after paying the fee I'm sure you're expecting to get a password
that you can log right in and get started. Not, what you get is a message
stating that you will be contacted by someone in a few days or so.
Once the individual gets back to you they ask you
a few questions to find out if you’re really serious about being
a dropshipper or if dropshipping is for you. A question they will ask
is about your credit and about how much you have in your bank account.
Then thereafter the first individual will forward you to another person.
Now this is something that should be stated way up front so that you as
a potential dealer know whether or not you should even continue filling
out the application or for that matter wasting your time.
Do your research on Dropshippers. There is always
something that they’re not telling you no matter who you’re
doing business with. Some dropshippers will make this all sound good and
easy when in fact there is much more to it. If it sounds too good to be
true, then more then likely, it is too good to be true.
Be careful that you don’t just give your money
away without asking the company questions first.
Here are a few questions you should consider asking:
1. Is there a fee for me to sign up? If so, what
is the fee for?
2. Once I sign up what happens after that? Will I get a password immediately
after signup?
3. Would I have to go through a qualifying process?
4. If I don’t qualify would I be able to get a refund for my sign
up fee?
5. Are there any other startup fees after I qualify?
6. Before I become a dealer would you need to check my credit?
Sherri Miller
http://dropshippers101.blogspot.com
onebehindbars@yahoo.com
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