Wholesale & eBay Forum Drop Shippers & Drop Shipping Newbie looking for advice on dropshipping and where to start

Newbie looking for advice on dropshipping and where to start


dsment
Free Member
  • Posts: 1
  • Joined: 18 Mar 10
  • Karma:
18 Mar 10 10:38:29 pm
Hi! I am new at this and was wondering if anyone can give me some advice on where to begin.


Three helping one another bear the burden of six. Latin Proverb

satya
ex-member
  • Posts: 1778
  • Joined: 02 Jun 09
  • Karma:
18 Mar 10 11:43:45 pm
Hi dsment,

It's great to have you on board!

The first thing we suggest you do is decide what type of products you want to sell. Generally it's best to start selling something you are interested in because you are going to be spending a LOT of time thinking about it! Do you love fashion or movies? Perhaps you feel excited about the thought of new gadgets and technology? It's likely that there are plenty of other people who also share your interest - giving you an instant audience for your product.

Have you thought of a place where you would sell your items? This could be your own store, eBay, Craigslist, Amazon Auctions, eBid, your own website, flea markets, classified ads, local markets or trade magazines. The point is once you have decided where you are going to sell your items, you can check out your competitors and find the average selling price of the items you wish to sell. This information will help you know how much to pay wholesale in order to make a profit.

Wholesale drop shipping is a very popular form of product sourcing because it allows you to pay only for the items that you sell. Though, in general, the profit on drop shipped items is not as high as for items purchased in bulk, because you're not benefiting from bulk discounts, drop shipping is a simple way to start a business and in the long term, having some of your inventory drop shipped allows you to offer a broader range of items to your customers without the risk of holding stock.

You can learn more about drop shipping in our blog and free education area:

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All the best!


 

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