Category : Drop Shipping

Drop Shipping Making Money

Making Money With Drop Shipping – Picking Your Products

Drop Shipping 101 - Making Money Drop Shipping

You chose your niche, you know where you are going to sell your products,  you have created the framework for a  website, and you are eager to get started with creating your new income stream.But making money with drop shipping requires you to choose which high-quality products you are going to sell.  With many products and suppliers available to you, choosing the correct products can be overwhelming. To make the selection a little easier, I have  compiled four tips to consider:

1. Know your target audience. Whether you are selling to supplies to hobbyists, products to businesses, or  consumables to repeat customers, be sure you know your target audience well before choosing what products you are trying to sell to them. Each of these individual groups has different needs, and if they feel like you add true value to their lives, you will be able to build a relationship that will last.

2. Choose products with accessories. Products that have many accessories available, are a great way to create more sales out of one transaction and have your customer come back for additional accessories. Make sure that you offer a wide variety of extras for products in this category, and update them regularly.

3. Choose timeless products. If you are choosing products for sale that has continued new models and updates, you will have a lot of extra work in promoting and creating website content for each of these updates. Classics – like watches, for  example, will need less content updating and product changes than technology products do. If you are choosing products that are do fall under the category of constant model changes, beware that you need to be willing to put in the extra effort to stay relevant.

Making Money Drop Shipping4. Choose smaller products. In order to be able to offer free shipping and other incentives, choosing a smaller product, with less shipping cost will save you a lot of money. Do not underestimate the power of offering free shipping to your customers, though, so keep this extra cost in mind when choosing what products to drop ship.

If you are not sure if drop shipping is the right passive income strategy for you, check out my article 9 Legit Passive Income Ideas You Can Work From Home for more creative ways to increase your finances.

Fiercely Independent Blessings!

Claudia

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Drop Shipping

How to Make Money With Drop Shipping – Amazon Versus eBay

How to Make Money

There are crucial differences between how to make money with drop shipping on Amazon versus on eBay. While eBay is essentially a wholesaler, Amazon is a retailer. How you approach each of them make a large difference on how to conduct business with them.

customers shopping

 

1. Amazon is geared toward a wide customer base. Unlike on eBay, you can charge a higher price, but you need to keep in mind that Amazon’s fees are much larger than on eBay.

2. Amazon does not give you the flexibility of creating your own product description. That limits your freedom on how to highlight your product tremendously. The upside of that is, that you do have less work.

3. Because Amazon charges a cut of each sale, it is wise to use this platform for high-profit, high-volume items only.

 

 

4. Amazon is not a good option if you are looking for immediate cash flow. Unlike eBay, which transfers each sales amount immediately into yourPayPall account, Amazon holds your money for two weeks in an escrow account to cover potential returns and refunds.

Related Post: Drop Shipping Wholesale Suppliers – How To Find Them

5. Mass market items, such as vitamins, nutritional supplements and clothing are a perfect fit for Amazon, while products that need more explanation and are not geared toward a large market section are better suited toward platforms like eBay.

work less work from homeBoth Amazon and eBay are great places to utilize for drop shipping and other sales strategies. As with all passive income ventures, I highly suggest that before committing to a particular product, service or platform, that you study  your competition.

I also suggest for you to take advantage of reputable training programs like Wealthy Affiliate University to get you started and avoid the potential pitfalls that come with the set up of any business venture, whether passive or otherwise. You can read my passive income blog, filled with marketing strategies on Wealthy Affiliate right here. It’s free!

Fiercely Independent Blessings!

Claudia

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Drop Shipping Making Money Uncategorized

Drop Shipping Wholesale Suppliers – How To Find Them

Drop Shipping Wholesale Suppliers

 

You read about drop shipping, you have done your homework on eBay and Amazon, and you are ready to get started. But one large question remains – Where are the drop shipping wholesale suppliers? How do you find the right ones?

Screenshot_18As I wrote about in my article “How To Make Money With Drop Shipping – Avoiding Scams”, there are plenty of non-reputable companies out there, which misrepresent themselves – may it be, by charging you extra fees, or not even carrying products, and just simply run away with your money, it is a wise decision to be careful when selecting wholesale suppliers.

There are two viable options for you to consider:

You can conduct a search on your own. Trade Magazine, conversations with other drop shippers, and google (which leads often to some trial and error), as well as reading reviews, is a good way to get started.

or

You can use a service, like SaleHoo to find wholesale suppliers for you. The reason I use SaleHoo, is because they offer a little extra bonus other companies in that category do not offer – a Market Research tool, which allows me to see what niche is the most profitable at the moment. It makes it much easier for me to recommend a certain niche to my clients when using the SaleHoo market research tool, which is free with the membership.

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Also, SaleHoo works with a series of name brand suppliers, which my clients and I would usually not have access to – such as Disney, and over 8000 more drop shipping wholesale suppliers on their list, it is easy to save time, risk and money with this company.  At 67 US Dollars per year, the constantly up-to-date program is a bargain.

 

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 It is the company I wish I would have had access to, when I first started my online business journey. That is why I am pointing it out to you now. You can avoid the costly mistakes I have made.

Still interested? You have nothing to loose. Click this link to sign up right now!

Stay tuned, as I continue my series on drop shipping and write about other profitable ways of creating a passive income for yourself and those you love.

 

Fiercely Independent

Blessings

Claudia

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Drop Shipping Making Money

Make Money Online: Drop Shipping – Does It Work?

drop shipping - does it work-

Drop shipping items via big retailers such as Amazon, eBay, and via Shopify can be a profitable business that can range from a  simple side business to an expansive profitable endeavor. Yet, there are a few things to consider when starting a drop ship business. As I was asked a few days ago, by a colleague with some reservations: “Drop Shipping: Does it work?

What is drop shipping?

Drop shipping is a business model, where you do not hold inventory. After signing up with a whole-seller, you decide
where you want to sell the product and for what price. You then collect the customer information, and money,
forward some of the money (whatever the base price of the product was), and the information
to the whole seller you work with, and they will send the product directly to the customer.

Sounds like a great way to make money right?

make money dropshipping

Well, as with any business model, there are things to consider:

1. Your main work is still marketing. So if you are not willing to market products, by creating websites, setting
up content, and just assume people will find you, then this is not the business model for you. You have to be willing
to put in the time to reach out via social media, and other traditional marketing strategies to increase your money
making potential.
2. Finding a reputable drop shipping supplier. In order to be successful, you need easy to work with supplier, who has high-quality products at a low price, in order to keep your ability to make money high. Do your research before settling on a whole-seller and read all of the reviews, before committing to anything.
3. You are disadvantaged over bulk-buyers and resellers. Those who purchase in bulk and hold their inventory
tend to get better prices per items, allowing them to sell the same product for less, which is especially important
on sites like eBay.

Read my article: Passive Income Streams: 7 Quick Tips For eBay Selling Success

So what are the benefits?

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1. As I already mentioned, you do not hold any inventory. So if you are looking for starting a business from the comfort of your home, especially as a stay at home mom, you will not have to deal with inventory and the storage of those items.
2. Shipping and packaging are taken care of for you. Again, this takes space and time, which is something most
people starting a business are lacking.
3. No minimum orders – you have very little out of pocket costs, especially when it comes to holding inventory. It costs money to buy items for resale, with drop shipping you do not pay the supplier until you collected the money from the  customer.
4. There is a large lack of risk, which is especially important when first starting out.

Drop shipping is the first online business model my husband and I worked on together. It led me to believe that making money online is possible, and it began my journey to assist others in setting up their own profitable eBay stores, and  retail websites.

Sounds like a great way to make money to you? Then stay tuned, as I will continue to write about this type of business model over the next few weeks. I am looking forward to sharing my experiences in drop shipping with you!

 

drop shipping - does it work- (1)

 

 

What you will find out in the rest of the series on drop shipping:

How To Make Money With Drop Shipping – Avoiding Scams

How to find a reputable drop-ship supplier

How to set up an eBay account and store

How to find a great, profitable niche for your drop shipping business

Fiercely Independent Blessings!

Claudia

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