The Ins and Outs of Dropshipping on eBay

Dropshipping is an attractive marketing technique, but when you take it to eBay it becomes a real phenomenon. There are tens of thousands of people running dropshipping business as you are reading this article. Some are making very little profit, some are bringing in decent cash and a few of them are generating huge profits. There are a few ins and outs about dropshipping on eBay that you should be aware of before starting your own dropshipping business.

Let's start with the bad news. First of all, competition is harsh. If you are new at Internet marketing you might have a hard time adapting to the marketing requirements of promoting your new dropshipping venture. Nothing is set in stone here and rules change over night. The dynamics of an online business will keep you on the tips of your toes most of the time as you cannot afford to let your guard down. Another problem that you might run into is scams. If business is thriving you can also expect fraud to be present. Even if you are scammed on eBay, while dropshipping, it is usually for little cash. This is unpleasant but it won't ruin your business ? however it might discourage you from further participating on eBay with your dropshipping goods but don't let this put you off.

Now time for the good news, and there is a lot to talk about. Dropshipping allows you to turn into a real marketer without ever worrying about product storage, packaging or shipping. They are all taken care of by the supplier. The ease of using dropshipping gives you more time to concentrate on improving your sales techniques and bringing in more customers. If your business runs well, you may consider, like many have before, to dedicate more time to dropshipping and make this your main income source.

Now even more good news: running your dropshipping business requires a minimal financial investment, usually just an admin fee to cover the administration of setting up your account. With the money you would pay for a night out you can start a successful dropshipping business ? you don't need to invest in anything, except for the fees you owe the dropshipper. Of course, you only pay the dropshipper when you make a sale, and you usually get to keep about 50% of the retail price or what ever you set as your percentage mark-up.

Dropshipping is an excellent method to test your entrepreneurial skills and see if you can start a successful business online. With such low financial risks, the only thing that you may loose, if the business doesn't work, is a few hours of research and a lot of hope. However, some careful documentation on the process and a good sense for what the customers want will most likely set you on the right track and turn your online business into the money making machine you always dreamt of.

With dropshipping and any other business, you can only sell what the public will buy. Don't go overboard with obscure products for your first venture, select high volume, everyday products and you too could have your very own dropshipping business. Good Luck.

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

In The News:

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Rare KAWS Bus Stop Painting to Lead Landmark Heritage Auctions Sale  HYPEBEASTFollowing its monumental collection of KAWS Companions last year, Heritage Auctions continues to gather sought-after artworks with its forthcoming Urban Art ...
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Killing time: The closing auction is eating the trading day  MarketWatchThe closing auction — a window of just five minutes — is becoming the most heavily traded part of the day, a shift that has driven a wedge between investors,...
Brisbane auctions: Exclusive locations set to secure strong prices  Domain NewsWhether it\'s a dream acreage property, an inner city cottage, or a riverfront trophy home, this weekend\'s auctions are shaping up to be big ones.
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Those Poor U.S. Bond Auctions Are Adding Up  BloombergBy any credible measure, the U.S. has become less creditworthy under President Donald Trump. Total debt outstanding has risen by $2 trillion to $22 trillion ...
Biotech unicorns first to go as Neil Woodford auctions assets off suspended fund — report  Endpoints NewsThe inability to meet redemptions — due to a high proportion of illiquid or unlisted assets that just worsened with an exodus of investors that shrunk the fund from ...
Police search for predator, missing teens found, RV manufacturer auctions off millions: Top Stories of the Week  CTV NewsThe search for a serial child predator, missing Kitchener teens found in Algonquin Park, and a farewell to a longtime CTV Kitchener talent round out the top ...
Garfield Art Heads to Auction  The New York TimesSome of the original artwork for the comic strip, originated by Jim Davis in 1978, is up for grabs starting Tuesday.
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Elizabeth Taylor's Personal Effects Will Go to Auction  Architectural DigestBut first, Elizabeth Taylor's collection of jewelry, art, and decor items from her many homes will be on view aboard a luxury cruise ship.
NYC taxi medallion prices fall further as mystery auction bidder surfaces  Crain's New York BusinessTaxi medallions might be worth less than ever. But in some ways, there has never been more interest in the troubled asset. Late Wednesday afternoon a bidder, ...
Mandela Day: Cape Town artist auctions Madiba painting to raise funds for childminder  News24A Cape Town-based artist has used international Mandela Day to try to raise funds for her helper via social media.
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Bangalore Metro to auction items left behind by commuters  The HinduA unique auction to be held in the city will see bidders hoping to lay their hands on helmets, lunch boxes and umbrellas, among other things. The Bangalore ...
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iQuippo organises event on auction of interest rates  Economic TimesThe auction christened 'Paison Ki Nilami' witnessed participation from more than 20 original equipment manufacturers and 1100 equipment owners.
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West Virginia Interstate Fair wraps up with livestock auctions  Parkersburg NewsMINERAL WELLS — The final day of the West Virginia Interstate Fair and Exposition Saturday kicked off with a packed barn for the Junior Livestock Auction.
Sydney, Melbourne auction clearance rates hit highest for a year  Sydney Morning HeraldThe housing market showed signs of bouncing back in the June quarter as the auction clearance rate hit a one year high across Australia's capital cities.
Becker auctions trophies, raises over £680,000  ESPN.co.ukGerman tennis great Boris Becker has raised more than £680,000 in an online auction with the sale of his trophies and memorabilia. The 51-year-old was ...
20 iron ore mines auctioned till date: Steel Minister Dharmendra Pradhan  Economic Times"As on date, 20 blocks of iron ore have been successfully auctioned with a reserve of 583.057 MT," the minister said.
1898 Riker Electric Car heads to auction in Monterey  New AtlasA pioneer electric car of historical significance is to be auctioned next month. The 1898 Riker won three of America's first car races, a Gold Medal at the 1900 ...
Mexico auctions drug lords' properties, raises $2.9 million  Deutsche WelleSprawling ranches and houses with escape tunnels seized from drug lords have gone under the hammer in Mexico's capital. Some of the properties, including ...
US Treasury yields tick higher as investors await Fed speeches, auctions  CNBCU.S. government debt yields rose Tuesday as investors awaited Fed speeches and a *fresh* batch of economic data. U.S. Markets Overview: Treasurys chart ...
Nervous sellers jump the gun on auctions  The Australian Financial ReviewNervous sellers and buyers starved of options are striking deals soon after homes are listed for sale rather than risk going to auction in an unpredictable market.
CMA to police coffee auction, brokers as new rules kick in  The Standard[Kibata Kihu, Standard] In a new push to revive the coffee sector, some of the players in the crop's value chain will now fall under the regulation of the Capital ...
Why India should delay its 5G spectrum auctions until 2020  Business InsiderA new report shed doubt on India's plan to start 5G spectrum auctions in 2019, instead targeting them for the second half of 2020.
Mormon Gold, Planchet Error SBA Among Highlights of Heritage Auctions' World's Fair of Money Coin Auction  CoinWeekBy Lianna Spurrier for CoinWeek ..... In conjunction with the ANA World's Fair of Money in Chicago, Heritage will be holding an auction from August.
Corsairs, B52s Preparing for Annual Dinner/Auctions  Lost Coast OutpostCollege of the Redwoods will honor former football player/wrestler Dan Phillips at the school's 16th annual sports auction/dinner, one of two big upcoming ...
RBI To Conduct Longer Term Variable Rate Reverse Repo Auctions  Business StandardThe Reserve Bank modulates the system liquidity from time to time and undertakes liquidity operations as per requirement. The liquidity in the system has ...
Govt to auction 41 new coal blocks 'very shortly'  Economic TimesResponding to supplementary queries during the Question Hour, Joshi said, "we are going to auction more than 41 new coal blocks very shortly".
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'Blacks-only' municipal car auction sparks fury | The Mercury  Independent OnlineDurban - THE eThekwini Municipality has come under fire for its controversial decision to exclude Indians and coloureds from taking part in an official car auction ...
DaVita Releases Q2 Earnings as 'Dutch Auction' Commences  HealthLeaders MediaDenver-based DaVita Inc. released its preliminary Q2 earnings report Monday morning as the company commenced with its modified 'Dutch Auction' which will ...
Female Artists With African Backgrounds Are Winners at Phillips Auction in London  The New York TimesPaintings by Lynette Yiadom-Boakye and Marlene Dumas bring in double their estimates, as do others at Christie's and Sotheby's.
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AT&T slams CBA's C-Band auction plan as 'fiendishly complex'  FierceWirelessAT&T responded negatively to C-Band Alliance's auction plan for spectrum in the 3.7-4.2 GHz band, contending the proposed format is untested, excessively ...
Hosur to get international flower auction centre  The HinduAn international flower auction centre will be set up at Hosur in Krishnagiri district at a cost of ₹20.20 crore, Chief Minister Edappadi K. Palaniswami told the ...
The First Internet Whisky Cask Auction Is About To Launch  ForbesIt's not the hardest thing in the world to get ahold of a cask full of whisky, though it might require a little digging. Distilleries, especially new ones, sometimes have ...
Broadband forum seeks lower 5G spectrum prices, change in auction design  Economic TimesThe broadband industry bodys comments mirror those of telcos and other associations who have protested against the regulators price points for upcoming 5G ...
Mexico auctions drug lords' properties to fund poor communities  BBC NewsMoney raised from the sale will benefit poor communities but only nine out of 27 properties sold.
India coal supply: PPA auctions could bridge a gap for stressed assets  Power TechnologyIndia coal supply: with more than 10GW of coal power plants sitting idle due to lack of fuel supply, a new PPA auction scheme could help bridge the gap.
Aurora Pijuan auctions Miss International crown for Gem-Ver fishermen  RapplerMANILA, Philippines – Aurora Pijuan is auctioning off the Mikimoto crown she won in the 1970 Miss International pageant, and is giving the proceeds to the 22 ...
Find your dream car in one of these two online auctions  Classic DriverClassic Car Auctions' current online sales are offering more than 120 classic and modern collector cars at fair prices. But if you want to secure your dream car, ...
Superintendent 'heartbroken' about alleged mock slave auction  WWNYFor the first time, the Watertown City School District has publicly acknowledged an alleged mock slave auction at North Elementary.
27% of tea, worth ₹4.34 cr, unsold at coonoor auction  BusinessLineThe falling trend witnessed in the prices for the last couple of months at the auctions of Coonoor Tea Trade Association (CTTA) continued this week with the ...
Shopping strip up for auction in Midlothian  RichmondBizSenseA foreclosed building in a Chesterfield retail center is headed to the auction block. The seven-unit building at 2401 Colony Crossing Place in the Colony ...
40% of tea, worth ₹6.50 cr, unsold at Coonoor auction  BusinessLineThe falling trend in the last couple of months at the auctions of the Coonoor Tea Trade Association (CTTA) continued this week with the average price crashing ...
Mansion in Affluent Dallas Suburb Popular With Billionaires Heads to Auction  Mansion GlobalA stone mansion in the middle of a Texas neighborhood known for its high concentration of billionaire residents is headed to auction without reserve later this ...
Sotheby's auction of rare sneakers nets more than $850,000  BBC NewsThe first major auction of sneakers nets $850000, with the last and rarest pair still up for grabs.

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