Under Gainz

Dropshipping offers a the little guy the opportunity to get ahead on the internet by offering top products, even name brand products without having to invest thousands of dollars of inventory, shipping products, or manufacturing.

Dropshipping is the opportunity for a home based business, using the internet and even ebay.com, this article will give you 7 basic steps to finding dropship and wholesale sources and starting your own home dropship business from the internet.

1. Step 1, finding your niche. You’ve probably heard of this phrase if you’ve studied internet marketing at all. A niche is a specialty or subject that you will focus on when deciding what products to offer your customers.

Choose something you know alot about as you may have a better idea of the pricing and value of products that you are familiar with. You may also know what your customers are willing to pay for products and what the customers look for in different products.

2. Find Dropship suppliers. This may take some time and research on your own. If you’re very lucky you may find a local wholesale supplier willing to dropship products for you to your customers. Another choice is to consult a dropship wholesale directory like the one at: http://www.freewebsuccess.info/dropship-wholesale to find the type of products you want to offer within your niche.

3. List items on Ebay.com. This is an important shep even if you want to sell items via a website only. Because ebay.com is a great low cost place to find out what the demand for a product is and how high a price customers are willing to pay for an item.

Consider this your cheapest market research tool. Learning how high a price customers are willing to pay for your product will help you set your prices.

You could use ebay.com to sell products monthly as well and email customers about your website should you choose to build one.

4. Build your e-commerce website. If you need help with this you may want to learn html on your own rather than hire a webmaster for thousands of dollars. There are plenty of free information websites that will teach you about html. Just google html.

5. Build a list of contacts/customers. The real value of a customer can be drasticially increasedif they become a repeat customer. Think about it, the most expensive part of your business will be getting new customers, so you might as well get as much value out of each one as possible.

You do this by getting the customer to subscribe to your newsletter, or to give you their email address so you can tell them about new produts or specials. Offering them something of value for free many times will convince them to subscribe.

6. Upsell your contacts. This is easy, use the list of customers you have gathered to offer specials, deals, or inform them of new products. Or simply send them tips and information about the niche you have chosen.

7. Expand your product base. If you add new products to your current items customers are more likely to return to the website to see a new item. Especially if it’s a hot new item just coming out on the market, so keep your eyes open for new product development within your niche.

I guess you are one of folks who are fond of shopping online. There are so many online stores providing comprehensive and attractive catalogs of high quality products and you can look at them and compare without leaving your home. Well, have you ever thought how successful those stores’ owners are and what profits do they make?

Becoming a successful e-seller requires some work, research, and knowledge, and it’s not a mere matter of luck. If you are thinking of becoming an eBay seller yourself, we’ll be glad to help you with a few useful tips…

In this article we’ll tell you about the importance of choosing a lucrative market niche. You might have heard a lot about that, and got scared at the fact that should you fail to come up with that lucrative niche, you’ll never come to the success in sales.

Let’s try to find out what exactly that niche is and how do you find it.

Identifying a Market Niche To Make Money on eBay

So, a lucrative market niche is in simple words an area of services or products that are in demand and can be successfully be sold or provided by you. The task of finding one is really time-consuming. Even if you fail to identify it for the first time, the world won’t collapse and you’ll simply have to start once again.

Let Intuition Help

A good idea is to begin with finding out what your preferences are. Every person has their specific interests, from cars to antique pieces. Think in what area you would feel especially comfortable. Perhaps you already have certain experience in dealing with some category of products - it would be great, since knowledge is always a plus. Choosing to sell products you really like and believe in simplifies a lot for you, starting with the fact that your product descriptions will sound more confident and ending with the level of support you can provide to your buyers.

Do Your Research

While it can be very helpful to consider your personal interests and preferences, it’s important to check how profitable the product can be and whether it is in demand at all. The research on the product’s profitability can be done right at eBay website.

There you are provided with every kind of helpful tools that will assist you in your research. A nice idea is to add some research with the help of other online tools, such as a keyword suggestion tool. It will help you find out how many times the name of your product is searched for daily.

Garage sales are also a great place to find items to sell on Ebay. The Strategy that works best with Garage Sales is stop by at the end of the day and offer to buy all the merchandise they have left. You can often spend $25 - $50 and then resell on Ebay for $500 or more.

Once all the research is done, don’t hurry to stock a huge amount of goods to make money on eBay. Be patient - try to do some test selling at first, to see how many bids a product will attract. If you are mistaken with the niche, test selling will be the most painless way to learn that and start over on time.

If your interested in setting up your own retail business, be it online or offline, you will need to find a good wholesaler or dropshipper. Finding the right wholesaler will make all the difference to your business as being able to have a constant source of good quality stock at low prices could be the difference between success and failure. Have you ever looked at wholesale lists and found that the price is no different to what you would pay in a normal shop? Do you wonder how people on eBay make money when they sell products so cheaply? Well read on and I will tell you the best way to go about sourcing stock from a wholesaler.

The best place to start is to go directly to the manufacturer of the product that you want to sell. When you first start out in business it is unlikely that you will be able to buy direct from the manufacturer, but the important thing is that they will be able to advise you who are their official distributors, wholesalers and dropshippers. By doing this you can go direct to the official distributor rather than buy from a middle man who claims to be a wholesaler but is only purchasing from the distributor.

When dealing with wholesalers and dropshippers you will get the best results if you visit their premises in person. Do not expect to be able to view a catalogue online and order without any human contact. Most genuine wholesale businesses do not even have a website. It is important to build up a good relationship with your wholesaler. This will ensure that you get the best deals. If you can’t meat them in person then at least correspond over the phone rather than email.

If your looking for discount products that are maybe ‘end of line’ or out of season then their are a few tactics you can try. Approach the head office of a big department store and find out what they do with these kind of products. Many will sell to specific wholesalers but if you can be persistent and find a contact at the store it is possible to start purchasing from them. Also visiting liquidation auctions can be a usefull way of making contacts. Buying some stock like this from a company whose products you want to stock will allow you to gain a contact with that company. In the future they will be likely to contact you to buy the stock before it goes to auction.

With these handy hints you will be well on your way to finding the right wholesaler or dropshipper and thus making your new business a success.

How To Find The Optimal Selling Price For Your eBay Sales

Thomas Griffin

You might have seen a lot of attractive advertisements with such words as “make money on eBay”. At the first sight, the idea can seem very simple, but in order to become successful you’ll need to learn the basics of eBay sales.

Becoming a successful eBay seller requires a number of issues to be considered. You will need to come up with the choice of a product to sell, find a reputable wholesaler, open you seller account, and simply conduct good research.

The Truth about eBay Pricing

Needless to say, setting an adequate price when selling on eBay is difficult especially for an inexperienced person. In fact, there are two major mistakes - either setting a too low or too high price. Both mistakes are serious, since in both cases they reflect on your profits. If a price is too high, there will simply be very little or no buyers. If it is too low, there will be plenty of buyers, yet you will earn very little profits. Here are the basic types of eBay prices.

“Buy It Now” price. This is a fixed price that is set if you want to sell a product to the first bidder. In other words, once there is a bidder, the auction is over.

“Starting Bid” price. This price should be set by you once you list your product at the auction. It will be sold to the highest bidder upon completion of the auction

“Reserve” price. This price should be either reached or exceeded by bids for the product to be sold.

So, how do you manage with all of those? Let’s start with the “Buy It Now” price. Setting it is not advisable for the first-time eBay sellers for certain reasons. In order to set a “Buy It Now” price, you need to be sure that the price is right and the product is definitely in demand. Keep in mind that people visiting eBay most often like to bid: bidding offers an opportunity of buying an item at a lower price, if they are lucky enough. Therefore, an item with a “Starting Bid” price will most likely attract more buyers than a similar item with a fixed price.

When setting a “Starting Bid” price, it’s better to make it as low as possible to encourage buyers bid on it. You can start on as little as 1$. If you don’t manage to sell a product below a particular price, it’s time to set a reserve price. By doing that you can be sure that your product won’t get sold at a price that is ridiculously low. But don’t use reserve prices too often though. Research has shown that buyers generally stay clear of auctions with reserve prices.

To conclude, the best way to proper pricing is conducting good research and looking through the product history on eBay. Thus you’ll be able to find out an average price for similar products and set a fair price.

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