Did you know you could make money selling on Ebay without any actual products, and without getting involved in shipping and posting? This is the most effective and most profitable way to make money on Ebay and it has another term….
It’s known as Drop Shipping. I am talking about making real money, as a proper business on Ebay, not just selling that stuff from your loft that you don’t want anymore. So lets find out how to make money selling on Ebay through drop shipping.
What is drop shipping about?
Essentially drop shipping is where you create an online store and sell products.
Instead of keeping an inventory or stock of products waiting for orders to come in, you sell products directly from a wholesaler and when your customers order a product you place the order directly with the wholesaler who ships the product to the customers for you. You are essentially the middleman, you are the retailer.
You only pay the wholesale price for the item, so you make your profit by selling the product at a mark up.
Let’s have a look at what you need for the basics to get started..
You need an online store
So what do you need to be this retailer – you need an online store. This is where ebay comes in. There is absolutely no need to have your own website to get going with drop shipping.
With Ebay, you already have a huge traffic system set up and it is a well established place for people to look for products. In fact I would say it’s usually my first port of call when I am looking for a bargain (and then Amazon).
And it is really simple to set up an ebay store. Maybe you are familiar with Ebay already in which case, great, you are a few steps ahead.
So how do you start setting up a drop shipping business?
Do you think you are ready to start right now. Off we go, let’s do some drop shipping.
Well, it’s not that simple unfortunately! You need some help to get started, to know what you are doing, to find the way…. otherwise you could be seriously wasting time with the wrong products and the wrong set up….
You will need some guidance
The thing about Drop Shipping is that anyone can do it.
It’s not rocket science, but if you are new to it, you will need some guidance, If you had to get started right now that would be really tricky, would you know what products to look for, how to build the most profitable store and how to get to those really great income levels?
So I have found a great course on Udemy. If you have never heard of Udemy before it is a which is a really respected selection of courses in literally any field. (see below for more info)
How does this course sound?
I have to say that this is by far and large the best course I have taken on Udemy so far, one of the best investments I have made in general. David Vu goes through in very simple, very easy to understand steps as to how to list your products on ebay using various sources, and make money from selling it at a margin (MUCH more than that…but that’s the general gist). He literally takes your hand and walks you through the processes. I can ASSURE you that there are plenty of people on this course making money AND posting about it daily/weekly on the discussion board. I have only recently started and have made a sale already and looking to be listing more products to be making more sales. Don’t be on the fence if your thinking about joining, put work and time and effort into this course and you will NOT be disappointed.
So what do you learn about?
This course will take you through the basics of drop shipping. You don’t need any prior experience, just a computer with an internet connection and a willingness to learn.
You can see A LOT more of this detail on the Udemy page so I won’t repeat all that but here is an outline of the basics:
- Setting up your store with Ebay and Paypal
- Finding and choosing the right and most profitable products
- How to maximise your store to maximise your sales – a huge number of special tips and tricks to win over the competition
- Pricing strategy
- Order processing
This outline doens’t even touch the sides of what you learn on this course. Have a look
Are the Udemy courses any good?
Udemy is a very respected name in the field of online learning. To create a course and be featured on Udemy is not an easy process. Not just anyone can throw something together and sell it online. At least not with Udemy. This is why I recommend them. I have a collegue who has recently completed a course in WordPress development and she can vouch for how ‘difficult’ it is to get approved.
I too have taken a couple of their courses, and they have all been excellent. Great value and really expert knowledge. The standard is awesome.
Each course is rigorously checked and verified and they have no qualms about rejecting it if it’s not up to scratch.
Video training is absolutely the easiest online training method these days and Udemy specialise in this. You can see exactly what it is you need to learn about, and all courses WALK YOU THROUGH the training, so that you have every step in a visual format. There is also a forum where you can go for questions along the way for your specific course.
For the price, I think this particular course is amazing! Look at the reviews from people.
Any other courses I would recommend?
Another course that I highly recommend and gives you access to a already set up marketplace where you can select any goods that you want without having to think about minimum order values is called Dreambuilder University. You can read a full review about this course right here.
With this course, you get full training on how to use ebay as your business base, and step by step hand holding to take you through the process of getting set up. And the support is great too. Plus you have a 60 day money back guarantee with no questions asked, and report show that this is exactly right. Within the 60 days if you don’t like it, then nothing lost.
The cost is only $97 one off charge. You get A LOT for this!
What’s so great about drop shipping?
There are many benefits to drop shipping, especially for someone looking to start up
- You don’t need any prior experience, anyone can do it with a little training and being pointed in the right direction
- You don’t need products. You sell other peoples products and act as the middleman between wholesale and buyer, and pick up the difference
- It’s cheap to get started: You don’t need any products so there is nothing to invest in, therefore, no risk. A great way for newbies to get going
- Great product selection: You can have a really wide product selection as there is nothing that is off limits
- Location doesn’t matter: It doesn’t matter where you live shipping isn’t YOUR problem. You can sell wherever and to whoever you want to in the world.
- The sky’s the limit: You can make this as big as you want to it to be. This business is completely scalable.
Drop shipping can really be an excellent way to make money online and have your own business. It’s so pain free to set up. If you have ever sold anything or bought anything on ebay before you know exactly what a huge marketplace this is and how it is often the ‘go to’ place for many buyers these days.
You can capitalise on that knowledge.
Be careful though of other phony training courses. Programs such as DS domination ask that you pay a monthly fee. You don’t need this. All you need is some really great training to get you started and get you set up and then you’re done, you can run free and just create more and more product listings. You don’t need any scammy continuous education or anything like that!
As with all viable online business opportunities this isn’t a get rich quick scheme, you will have to put in some hard work to see the benefits. But there is no such thing as get rich quick. This is almost how you know that this is a plan that will make you successful.
If you are interested in building an online business, but maybe you are not 100% sure about dropping shipping check out my ultimate number 1 recommendation to build a business online. This is the way that I have built my own successful business.
I hope I have give you some food for thought..
Please let me know how you get on or leave any comments or questions below.