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eBay offers any business owner a new global market to sell his products or services on. You are no longer constrained by geographical positioning. Your small local businesses, when taken online, can become one of the biggest players in the industry. While eBay is a great potential resource, one of the best tools for maximizing your efficiency, and profit, is dropshipping and eBay is the perfect place to start.
Dropshipping basically works like this: a merchant offers a certain good on the market. He has large quantities of that product and needs dealers to advertise the merchandise and bring in buyers. You can become a dealer for a certain product, study the product's specifications, price and quality, take a look at demand and competition and offer it on eBay. Doing business on eBay, especially if you're using dropshipping as a method, requires some careful planning. The more you know about this constantly changing environment, the better are your chances of achieving the success you are looking for.
OK, but where does the profit come from? Well, the dropshipper usually bills you, the trader; only about half of the retail price you sell their products for. If you sell something to a buyer and get $100, about 50% of that will go to the dropshipper, who then has to package the product, label it with your name and return address and mail it to the buyer. This is an excellent way to make some profit.
Of course, you will have some additional costs and won't get to keep half the retail price. eBay charges are one of the fees that you will have to pay. You also have to send your labels to the dropshipper, so that they can attach them to the product. You will also have to pay for your own advertising. This can be done by attracting people to visit your listings on eBay from outside the actual web site. You can get buyers from forums, discussion boards or through your own website. These are all costs you will support on your own, as it is your responsibility to attract paying clients.
As an answer to the title - YES, dropshipping on eBay can work for you! However, as with any business, you need to invest time, energy and money in order to put it on the right track. You have to find those products that sell well and area easy to find by customers. You also need to know how to employ advertising secrets in order to grab attention and bring more buyers your way. Dropshipping on eBay is just a tool, an amazing one, true, but without proper management it can turn into a bad idea. On the other hand, if you keep connected to the dynamics of eBay and the dropshipping process you may see your profits increases steadily.
Steve Dawson is the editor of the online Freelance Network magazine which focuses on eBay, Dropshipping and Homeworking. Forums and a comprehensive wholesale and dropshipping directory are many of the features available. Find out more at http://www.freelance-network.net
Crow River Media
First online auction for unclaimed property
Crow River Media
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First moonwalker Neil Armstrong's memorabilia heads for auction
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10 Cleveland Indians items from the past up for auction
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One giant sale: Neil Armstrong's collection goes to auction
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The personal collection of Armstrong, who died in his native Ohio in 2012, will be offered for sale in a series of auctions handled by Dallas-based Heritage Auctions, beginning Nov. 1-2 and continuing in May and November 2019. The collection includes a ...
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Beef producers facing rising feed prices, lower sale prices at local auctions
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Dubai collector to auction world's rarest prototype Star Wars action figures
A Dubai resident will auction the world's rarest Star Wars action figure prototypes next month in a sale that is estimated to raise as much as $360,000. The 33-piece collection belonging to the owner, who wishes to remain anonymous, includes the rarest ...
Livestock auction buyers lend great support to 4-H'ers
The last big 4-H event of the Bartholomew County 4-H Fair each year is the livestock auction. But it's far more than just the sale of animals youths have raised. It's about supporting young people's efforts and dedication. In that regard, it's clear ...
Sydney auction clearance rate rises to almost 60 per cent as buyers bid up scarce blue chip homes
Property buyers bid up the prices of scarce homes in Bondi, Mosman and other prized pockets of the city on the weekend. More confident bidding at auctions in blue chip areas helped to jump-start the Sydney weekend auction clearance rate. The ...
Armstrong's artifacts, momentos go to auction
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The personal collection of Armstrong, who died in his native Ohio in 2012, will be offered for sale in a series of auctions handled by Dallas-based Heritage Auctions , beginning Nov. 1-2 and continuing in May and November 2019. The collection includes ...
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