How Does It Work?
I was reading today in the local news service today about a 20 year old in South Australia earns over $100k per month dropshipping on eBay. Without doing any researching on this topic does anyone know how this works and how someone could make it work? I completely understand that the right products would need to be selected to make that amount of money but I think it would be worth investigating and understanding.
Edward, quite often we come across many terms/ words in life that we can’t guess their true meaning unless we do research about them. Indeed, dropshipping need to be investigated about first what the term is all about. thanks
I have done this on and off over the years but probably never really gave it the time and focus it needed to make it a real earner. There are a lot of companies out there these days that offer products purely that can be dropshipped on your behalf.
To help clear up jackso question as to what it is I would surmise that dropshipping is where you sell a product via a channel such as ebay or amazon, a person buys the product from you and you then in turn buy it from the company you have an agreement with and they send it direct to the buyer. So in effect you dont have to buy any stock until you have received funds, you dont hold any stock and you dont have to deliver any stock.
So for example I use to sell several years ago wheel bearings for motocross bikes (because my son use to race them). I use to sell them on ebay at £8.99 +p&p a pair, when someone bought them from me I use to buy a pair from my dropshipper for £1.99 + p&p and provide him with their details and he would post out. Once you took ebay and paypal fees off I would make around £6 profit
To make real money you need to find a dropshipper that has a great variety of products or go for high value products so only selling one or two is going to make great profit
Thanks You gwhite2203. I’ve heard about dropshipping several times, it was a very confused to me ; but your explanation gave me a clear understanding how it really works. I will also keep reading some articles wrote in the Luckscoutclub to have real knowledge about it.
Thanks gwhite that is exactly my understanding and from reading the article on the news service yesterday. It is good to have someone with some experience in the area.
No problem Edward – like I mentioned there are plenty of merits to it but do not underestimate the time it takes to get it working smoothly. As mentioned the right products are also key, either high volume low value or low volume high value. A friend of mine managed to get a dropshipper who specialised in high end watches – he was selling a couple a month and clearing a few hundred profit. The dropshipper then closed its doors and the income was gone
Hi, lockscout family, can anyone give me a reason for this; many times we see politicians telling lies. They lie many times, not even once or twice thout apologizing, or feeling ashamed to the people they lead. Therefore, being people in the authority, and being seen influencers, doesn’t it impact on other people’s future behavior? And what’s the reason behind this?
With dropshipping you work as a middle man running a store without holding inventory. You sell the manufactures goods on your website.
Once you’ve made a sale the manufacturer or supplier will ship the product from their warehouse, straight to your customer’s place.
Dropshipping is a new supplly chain management system or distribution channel which is online where by the retailer works without a store,a retailer gets an order and directs it to the manufacturer or wholesaler who then delivers the product to the final consumer.The retailer earns sales commission without owning a distribution store.
Droshipping is an online business.
It means you’re selling suppliers productson Your Own e-commerce site while the supplier packs and ships your orders directly to your customers. When the items arrives to your customers ,the package looks as though it was shipped by you and not your supplier. All this happens without you having to touch a single product that you sell.
Going by the report, I think it deserves to be seriously looked into
Drodsphiping is a type of fulfilment method, where you sell other people’s goods services to the customers on your own website without you having to touch a single product that you sell. The supplies your orders directly to your customers.
It is an online business .it consist of selling products on your website. You ordered the supply to send the product to your customers without touching the product itself.
Lots of potential to make money with dropshipping if you get the right products – face masks would have been a big earner a few months ago!!