If you are looking to own an eBay business, and create a full time living from it, you can easily create that dream and make it come true – even if you are not selling your own product. eBay is a great place for people who are looking to quit their nine to five jobs, yet make a good living without needing such a huge capital.

This is made possible with the help of drop shippers. Drop shippers send merchandise to the customers of business owners. If you have an eBay business, you are a business owner. This will allow you to offer a wide variety of stock in your eBay store, without having the need to warehouseall of those products!

All you have to do is set up your auction, and sell the product. You then pass the customer’s information on to the drop shipping company. The drop shipper does the rest, and they will even use your company information, as well as your company logo if you have provided it to them.

[eBay drop shipping]

When the product arrives at your customer’s home, they will have no idea that your company didn’t send it. The drop shipper will package, label, and ship the products that you sell, allowing you more time to set up even more auctions, for greater profits.

{You must establish a relationship with several drop shipping companies in order to become successful.In the beginning, most companies will require you to pay for the items that your customers order before they are shipped.}

You need to fill orders in a timely manner, so you should pay for the items with a credit card for speedy service. Eventually, you will be able to have the drop shipper fill your orders, and then bill you for them later.

When you set up your eBay auctions, make sure that your reserve price is set higher than the price that the drop shipper will be charging you for the item.

The idea, of course, is to earn a profit! Depending on the item you are selling, a markup of about 10% should be about right, but you should do some research to see if the item is selling for a lower price in another eBay auction, or through other online sources.

By starting an eBay business using the drop shipping method, there is essentially no financial riskinvolved. The product will be sold before you pay the drop shipper for the item. This is one of the few businesses where you can actually turn a profit before you have expenditures!

Article by: [Mike B.]

Find out more about him [Here]

Normal 0

Despite the economic slowdown that was sweeping the globe, experts say that online retailing will survive this financial crisis .Based on the third instalment of “The State of Retailing Online 2008: Profitability, Economy & Multichannel Report” done by Forrester Research, 35 percent of online retailers surveyed said they expect their online businesses to perform better than expected in the next 12 months, while 33 percent expect their online businesses to perform as expected.

People are turning to the internet for shopping: this change within consumer behaviours from the recent economic setback causes this positive thinking.

PriceGrabber.com(R) studied the impact of a tough economy on holiday shopping in its latest Consumer Behaviour Report. Sixty one percent of consumers are going to make an effort in cutting back this holidays according to results. Ninety-seven percent of survey respondents expect to do some purchasing online this holiday season. Fifty-five percent intend to purchase more than half of their holiday gifts online this year, a 10 percent increase from last year. Thirty-seven percent say that online shopping appeals to them because it is “easier to compare products and find the lowest price.” Twenty-four percent prefer the “convenience of shopping anytime and anywhere.”

Past results from Forrester Research shows that 81 percent of online retailers surveyed reported that their e-commerce businesses were profitable in 2007. Because of this, the internet marketing bug seems to be spreading to more businesses. The Office for national Statistics survey shows 70.3 percent of busineeses today have their own websites.

Malcolm Pinkerton, Verdict’s senior retail analyst states “As the cost of broadband falls, consumers become more accustomed to internet shopping and retailers continue to enhance their online propositions. This channel will find itself extremely well placed to capitalize on falling consumer confidence and lower levels of disposable income currently affecting the retail market.”

This would mean more people are able to shop online.Shopping online provides numerous advantages for shoppers, the foremost of which is convenience. Shoppers are able to browse, compare prices of products at any given time in their own homes as online retail stores are always open.It also gives the shoppers a chance to buy as much as they could without worrying how to transport them, as online retail stores provides delivery services. No more worrying over parking spaces, falling in line, or crowded shops.

In UK, a study reveals that one of the reasons of the increase of online shopping rate came from users in their 40s and 50s, having more trouble accessing built shopping centres because transport is usually not as readily available to them, are beginning to use the Internet for their own online shopping.

Despite the ongoing financial crisis, online retail stores’ sales continue to rise In fact, according to Ed Garrubbo, chairman of the Electronic Retailing Association, the  recession may actually contribute to e-commerce because cautious consumers are doing more research and comparison shopping via ecommerce websites before making a big purchase.