Elaine has been a fan of eBay for a long time and has recently cleaned out her home thanks to them. She sold many of the things that she no longer needed (or wanted) and made a decent amount of money off of it. The process was simple and she enjoyed doing it. It just worked for her. Now, she has nothing more to sell. She has thought about starting to look at garage sales and selling things for friends, but she knows that if she wants to make good money, she'll need to find products to really sell.
This is where dropping shipping or wholesale purchasing come into play. For many individuals this is the ideal way to sell products. All you need to do is to purchase products that people want at low prices and then to sell them at a higher mark up. Sounds easy right? It really can be that easy, in fact.
For many individuals, selling on eBay is what draws them to drop shipping. This online auction site features hundreds of people looking to buy virtually anything you can imagine. This makes it the ideal place to go to find a deal too. Yet, for those that are looking to sell, it can be a way to make a solid income. While eBay is in itself an entirely different article, just know that many individuals that get into drop shipping do so to sell products through eBay.
Other avenues can be used to sell products to. For example, many individuals develop websites, promote them and drive traffic (customers) to them to sell their products. In fact, you can even use drop shipping to help you to sell products through mail order as well. All of this can be done right from your home. Nice and neatly too.
So, what is drop shipping or wholesaling? If you were to start a home based business today selling pens you would need to stock lots of pens to sell right? Not necessarily. In drop shipping, you can actually sell the product without having the product in front of you. This is done by simply working with a manufacturer who will put aside a lot of the product you wish to sell. They will take care of sending the product to the customer, once it is ordered while you handle the money. You will charge them more than you were charged which is what gives you the profit.
This is not always the case though. In some cases, individuals will actually purchase the products they plan to sell and stock them to send out as they are needed. In either case, the goal is to purchase and sell products at a higher cost than you bought it for.
The Pros And Cons
In order for you to make any money at wholesaling, you'll need to purchase and sell products that people want. To do this, you will need to do some basic research to help you. This is not that hard to do especially if you are using a program such as eBay. Next, you will need to track down distributors that will allow you to advertise and sell their product. This can be more challenging. One mistake that people make it to purchase lists of drop shippers from others. This can be a vital mistake. It is often wiser to do your research and find a more reliable way to go such as getting feedback from others.
If you find a product that is selling well, you can make a good amount of money off of it. You'll find that most people that work at promoting their products will do well at selling them. It really pays to take the time to research the right products out there. Of course, you can always make and sell your own product. This can actually be a great way to make even more money through selling products.
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Keith Lee is a motivational speaker, a life coach and a fitness instructor for the past 10 yeras. He study and did research on the topic of Internet Marketing for years. Go to his website MyInternetMarketingSuccess.com for some superb tips.
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