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One of the most difficult things to do when looking to start an online business is to find that elusive supplier that will supply you, put simply you need a source of real products to sell. Drop shipping is a perfect way to achieve this and lets you develop the perfect online business..
The perfect online business is one in which you are selling a product whereby you DO NOT HAVE ANY STOCK and you DO NOT PHYSICALLY HAVE TO DEAL WITH THE PRODUCT and all you do is COLLECT THE MONEY AND PASS THE CUSTOMERS DETAILS ON.
Sounds to good to be true! - well it definately is TRUE.
THIS IS DROP SHIPPING AND ANYONE CAN DO IT!
Read the following example :
You decide that you want to sell Mobile Phones, you then realise that to do this the traditional way you would have to hold a large amount of stock so that you have the range and product available for your customers. Without a massive amount of working capital you have no chance, also by the time you get your business noticed the lines you are carrying are out of date and not worth what you paid for them.
However, now consider this:
You sign up to a Mobile Phone drop shipper, they give you a list of products that they can supply. You now go away and advertise this list on your online store. You take an order from your website for a Motorola phone, you have this advertised at $200.. You then collect the customers details via your website, all good shopping cart software provide this feature, and then contact your drop shipper and buy the same phone for $150 and pass them your customers details. That is the end of the sales process for you, what happens next is :
The drop shipper SENDS THE PRODUCT TO YOUR CUSTOMER and usually it goes under plain packaging or some drop shippers can also put YOUR COMPANY DETAILS on the packaging when they send it to your customer.
Thats $50 PROFIT for VERY LITTLE WORK!
Just 10 orders a week will give you $500 profit.
Drop shipping is fast becoming the easiest way of starting your own online business because it offers a very simple formula for success :
The drop shipper sets the price that you pay, you then set the price that your customers pay and the difference between the two is your profit!
SIMPLE ISN'T IT.
Because it is that simple a lot of people are jumping on the drop shipping band wagon and it is not unusual to see lots of different websites using the same pictures and sales copy to sell the same product, usually because they just simply publish the promotional materials that the drop shippers provide for them.
It is important at this stage to remember that the internet was based upon the ability to share information and content. It is this simple word, CONTENT, that will help you to distinguish yourself from the rest and will also ensure that your search engine rankings are developed to increase the traffic (ie. customers) to your website.
This is simply using information and content to ADD VALUE to your website, customers want to be able to learn about the product before they purchase and having content specific to your area will allow this distinction in the mind of the customer. In order to make a success of your online business you have to make your customers want to come back. Think of your favorite websites, why do you keep revisiting them? Simple, because they provide you with something that is of VALUE to you.
Drop shipping allows you to develop your business in this manner because instead of worrying about stock levels and shipping you get to focus on listening to the market and discovering the products your visitors want - and then being able to rapidly add them to your site.
Its CONTENT SPECIFIC TO A WANT.
Drop Shipping is EASY - Have I said that?
BUT, don't get carried away. When you see the products that the drop shippers offer you simply think I can sell that, that, that and that and before long your list of things that you want to sell is massive and this is counter productive. In order to make drop shipping successful for you I would suggest to
FOCUS ON ONE PRODUCT AT A TIME
Build this up, when this is established then it gives you the ability to go into other areas a lot easier and your current customer base will give you a good source of potential new customers straight away.
A great way is to focus onto a product that you like, know a lot about or use personally in a hobby etc. This gives you the opportunity to develop your website as an authority on the subject and as such ADD VALUE.
Like any business venture there are some points that should be raised before you build your online empire the easy drop shipping way :
Don't just use the first drop shipper you come across as they may not give you the best deal on this particular product. Like all things shop around a number of drop shippers to find the one most suitable to your needs.
Some drop shippers operate a handling fee over and above shipping costs, this is usually quite a resonable fee and needs to be factored into your pricing structure.
Some drop shippers try to charge you a monthly 'members' fee as another means to make money from you, in my opinion these should be avoided as the only time you should have to pay a dropshipper is in connection with a specific order. You will find that the majority that charge a members fee are the ones that offer no true value to your business anyway.
As with any developing business the question of credibility is key, unfortunately there are a number of con artists out there that are aiming to take your money for nothing in return. A key phrase to remember is :
IF IT SOUNDS TO GOOD TO BE TRUE - IT IS!
Research is key, for example :
How long have the drop shippers been in business?
Do they respond to your information requests quickly and professionally?
Do they offer buying accounts?
What payments do they accept? (if just Western Union run a mile)
This list is endless, that is why I only recommend two sources of drop shippers information. Both these lists are maintained by professionals that constantly update thier lists and only recommend the best, most reliable and trustworthy dropshippers. These sources can be found from the link in my signature box at the bottom of the article.
As you can imagine the idea of drop shipping fits in with online auctions, in particular eBay, perfectly as eBay will provide you with the traffic and all you have to do is make that ad stand out from the rest (my FREE resources on my site will help you) and all the rest of the work is done for you.
You just concentrate on developing your business and using eBays traffic to make money and you cannot lose.
Mike - webmaster at Online Auction Traders Resource
Visit eBay information central to use the FREE resources to develop your online business.
A pair of economists suggest a new way to alleviate the problem of collusion in public procurement auctions: establish price floors for the contracted work.
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Hoping to help victims of the devastating fires in Northern California, Art Services director Eric Lendl at the Minnesota Street Project asked artists represented by ...
Unclaimed property turned over to the state will be on display for potential buyers this weekend.
Former Judas Priest guitarist K.K. Downing's 1967 Flying V has sold in a London auction for approximately $189,000, as Blabbermouth notes. It was on of 11 of ...
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Five English players were sold in the Jaipur auction but Chris Woakes missed out and late longlist addition Eoin Morgan was not put up for sale.
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Villa Vista, one of Tennessee's largest estates, comes to auction on December 8th, courtesy of Elite Auctions. The sprawling 1.15-acre property in Bridgemore ...
A blockbuster week of sales backed by third-party guarantees reassures the art world that the market is humming, if not booming.
The Mexican government has cancelled bidding on two auctions that would have allowed hydraulic fracturing in the border state of Tamaulipas and brought ...
The Trump administration's “energy dominance” agenda reasserted itself in Utah on Tuesday with yet another near-record oil and gas lease auction that offered ...
The real yield could be about 1.12%, the highest after-inflation yield in nearly 10 years of 4- to 5-year TIPS auctions. The real yield curve has inverted, with.
Florida's Playa Vista Isle had an asking price of $159000000 and just sold at auction for the highest auction price on record in the U.S..
LANSING, Mich (WLNS) - The Michigan Department of Natural Resources will hold a sealed bid auction for 81 pieces of land in both the Upper and Lower ...
Last week's record-breaking $405 million offshore wind auction proves it is a bipartisan energy success story - a rare accomplishment during the Trump ...
Leisure Suit Larry creator Al Lowe put a number of interesting artifacts from his Sierra days up for auction a couple of weeks ago, including the source code for ...
Swapnil kept bowling it flat, fast and wide, Dube kept walloping it over the area between long on and deep mid-wicket. He raced away from 45 to 75 in a matter ...
One Academy Award trophy sold for nearly $500000 and a second for well over $200000 in a rare auction of Oscars that ended Friday in Los Angeles.
HONOLULU (HawaiiNewsNow) - Still looking for that perfect Christmas gift? Here's an idea: How about some face time with Hawaii's own Jason Momoa.
On Tuesday the Trump administration offered more than 150000 acres of public lands for fossil-fuel extraction near some of Utah's most iconic landscapes, ...
The police in Gloucestershire, England, will use the proceeds from the sale of 55 pairs of shoes to fund crime prevention initiatives.
The new president is not expected to change Mexico's commitment to renewables.
At the IPL auction 2019, 351 players went under the hammer in Jaipur. While some made a fortune, others weren't as lucky. Here are the highlights from the day.
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A U.S. government auction for offshore wind-farm sites off of Martha's Vineyard, Mass. took in a record-setting $450.1 million.
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Looking for a cool Christmas present? The Kingston Police Department may have just the thing for you--a military hummer.
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Loic Gouzer will step down as co-chairman of postwar and contemporary art at the end of the year.
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When jewels from big names such as Frank and Barbara Sinatra and Nelson and Happy Rockefeller come up for sale at auction, big things happen. Today's NY ...
Lock it up storage will offer the following at public auction on Friday, Dec. 14 as a direct result of non-payment of their account. The undersigned has been ...
MEXICO CITY—The Mexican government on Tuesday suspended a planned auction of long-term clean-energy contracts as the new administration of President ...
The auction also includes a couple of parcels in metro Detroit, in Oakland and Livingston counties.
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MEXICO CITY (Reuters) - Mexico's energy regulator on Tuesday canceled two oil field auctions scheduled for February, after the new leftist government said it ...
A castle-like mansion listed for sale for $9 million in Bluffton, South Carolina, will have a new owner in December after an auction in Hong Kong. The realty firm ...
Since the Indian Premier League (IPL) is arguably the most popular T20 tournament in the world, it's nothing less than a dream for any cricketer to represent one ...
YOUNGSTOWN, Ohio -- With just two days left on the auction of the former Uptown Theatre, auctioneers are still waiting for the first bid.
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NEW YORK — Did Albert Einstein believe in God? The famous physicist was constantly questioned about his religious beliefs during his lifetime. Two Einstein ...
From the biggest winner to the most surprising pass, here are our parting observations from last week's auction marathon. artnet News, November 20, 2018.
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WOODSIDE (KPIX 5) – After 7 years of going on and off the market, a multi-million dollar estate in Woodside is going up for auction, ready for an international ...
FREEVILLE, N.Y. — A Tompkins County-based auctioneer has been ordered to pay nearly $70,000 for taking items on consignment from a museum and not ...
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Channel Seven viewers turned a year of "We Try It Before You Buy It" products into $2300 for the Salvation Army's Angel Tree program. Volunteers have spent ...
Art critics generally hate it when an auction house sets a record. On Nov. 15 at Christie's in New York, a painting by David Hockney fetched more than $90 ...
A sealed bid auction by Winton Woods Riding Center is attracting both interest and criticism.
Facebook has come under fire after posts discussing the sale of a child bride were made and shared on its site.
SYDNEY (KRON) - A teen in Sydney, Australia who started a website to auction her virginity says she hopes to raise at least $100,000 to pay for college, a car, ...
Mumbai Indians have a tough task at hands in the IPL 2019 auctions in Jaipur on Tuesday afternoon. With only seven available slots and within that only one ...
That is it from our Live coverage of the Indian Premier League (IPL) 2019 auction for Kolkata Knight Riders. The Dinesh Karthik-led side have so far roped in ...
PETALING JAYA, Dec 18 — Fugitive businessman, Low Taek Jho, has taken potshots at Putrajaya again from his hideout, claiming that the government's move ...
Hunt Auctions announces a special Babe Ruth memorabilia auction, set to take place in June at Yankee Stadium with previously unknown items consigned ...
The Enfield Square mall, which has been in a state of decline for years, was sold at auction Wednesday to an undisclosed buyer for $10.85 million.
Unheralded architect-turned-cricketer Varun Chakravarthy Tuesday fetched a sensational bid of Rs 8.4 crore, more than 40 times his base price, before veteran ...
The Arizona Department of Revenue will hold a public auction Friday of unclaimed property from safe deposit boxes.
To fix the Wayne County tax foreclosure auction, you have to understand it. That's a problem.
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By Charles Morgan and Hubert Walker for CoinWeek ….. On December 13 and 14, Heritage Auctions will conduct their last U.S. Coins Signature Auction of the ...
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U.S. government bond prices fell Monday ahead of new debt sales by the government and corporate borrowers. The yield on the benchmark 10-year Treasury ...
It looks like sunset for the Sonrise Donut neon sign that has welcomed visitors along one of Springfield's original stretches of Route 66 for nearly seven decades.
The auctions allow attendees to reserve a table the Fridays before Christmas and Mardi Gras in the first floor dining room, which traditionally cannot be reserved.
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Minka Kelly's John Hancock signed on tons of "Friday Night Lights" memorabilia up for auction.
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International auction house Bonhams has canceled an upcoming sale of rhino products amid mounting pressure from environmental groups, it was announced ...
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Global dairy prices rose for just the second time in six months in a fortnightly auction held early on Wednesday.
A humanitarian organization is outraged after a man in South Sudan used Facebook to auction off his daughter as a child bride.
The private treasures of Frank Sinatra and his wife, Barbara, were a multimillion-dollar hit at auction.
Christie's is selling this unbelievable triple calendar for the second time – and the results will be very interesting.
The South Austin location of Threadgill's on 301 West Riverside will shut its doors this weekend, and begin the process of dismantling the historic restaurant.
An auction was discussed on Facebook for a girl aged 16 or 17 in South Sudan that sought payment for her hand in marriage. Facebook said the post was taken ...
A piece of baseball history is in Milwaukee, and it will cost you $3 million. One man is auctioning off a one-of-a-kind bat that belonged to the great Babe Ruth.
The best renowned, legendary and private collection pieces to hit the auction block in the U.S. this week.
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OCONTO – An Shawano County couple faces prison time after bilking a farm owner out of nearly $390,000 worth of proceeds following a November 2015 ...
The Sonrise Donuts sign — one of Springfield's remaining iconic Route 66 landmarks — sold for $22000 Wednesday following a heated online bidding war.
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