Drop Shipping
They rake in thousands of dollars in sales per day, all through the channels of but one auction site: eBay.com. We have watched them. We have witnessed their ascent to glory. We have secretly envied them from afar. And deep inside, we want to emulate their success.
Which led us to wonder: what is their secret? What makes eBay power sellers successful at what they do?
Well, let’s kill this secret: it’s called drop shipping and it can very well be the new face of digital retailing in the World Wide Web.
What Is Drop Shipping?
Supposing you want to sell some tangible products through the channels of the internet, you will have to confront the following problems:
1. You will have to answer the production cost, if you’re going to create them yourself; or you will have to answer the procurement cost, if you’re going to acquire them from another source.
2. You will have to provide a sizable storage space to house your products before they are shipped to customers (if ever you will be able to sell them, that is). Storage space is valuable real estate… and it will cost you as well.
3. You will have to process orders by yourself. This can be very difficult if you will have to deal with hundreds of orders per day.
4. You will have to ship the orders by yourself. This is a very laborious task.
Well, drop shipping provides solutions for all these problems.
Basically, it goes like this…
The merchant, you, enters an agreement with a drop shipper. The drop shipper provides the merchant a list of their products. The merchant will find buyers for the products. If a buyer is found, the merchant will order the product from the drop shipper. The drop shipper will then take out the product from THEIR OWN storage facility and ship the same to the customer.
The Benefits Of Drop Shipping
There are many advantages to this setup. Let’s take a look at them:
* You won’t have to worry about production or procurement costs anymore. The drop shipper is in charge of the products and you will just get from them whenever the orders arrive.
* You won’t have to pay exorbitant fees for the products. The philosophy of this setup is: retail products for wholesale prices. There is no minimum order, yet you can always get the products at wholesale prices. This gives you a lot of space for your profit margin.
* You won’t have to worry about storage space. The drop shipper will take care of this.
* You won’t have to worry about shipping duties. The drop shipper will be the one who will ship the product to the customer once you have furnished him with the details necessary.
Where To Find Drop Shippers
Now comes the hard part. The identity of drop shippers have been closely guarded secrets by those in the know. They wouldn’t dare reveal their sources, least they share their fountain of wealth by creating more competition.
But here’s a tip.
One service provides a comprehensive list of real drop shippers. I use the term “real” because there are some businesses who claim to provide lists of drop shippers, when in fact, they are merely providing lists of wholesale merchants.
This service is different. It is the real McCoy. It will provide only genuine leads.
I’m talking about www.worldwidebrands.com . It is a membership website that will give you access to thousands of drop shippers for thousands of categories. This is your key to eBay millions. This may very well be the only investment you have to make for your online auction business.
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