If you are new to selling online or are a experienced seller this blog should help you find new sources of products that will suit your business needs & customer requirements. In this blog I will show you all the wholesalers & drop shippers I have used over the years and give you my hones opinion on all of them.
I have been selling online since 2001, and when I first started out I had no idea where to look for products to sell. In fact, I first started looking in my local & free newspapers for sources! that's how clueless I was! Now with eight years experience behind me, I have a trusted group of wholesalers and drop shippers that I regulary use. In the next coming weeks I will update more of my contacts, so keep checking back to see what new trading sources I have added.
Many of you will be asking 'What is drop shipping?' Dropshipping is a method of selling without holding or storingany of the stock yourself. What you do is sell someone elses product, they then send the item on to your customer(s). This works by you (the seller) advertising your dropshippers products (ebay, amazon, personal website etc.) you collect the payment, pay your dropshipper & keeping any profit that yo make from that sale. Your supplier then ships the item on your behalf. Dropshipping is great if you have limited space to hold stock. It is also good because you can choose your profit margins. For example, your supplier is seling MP3 players for $99 you advertise them for $150, you get paid $150 by your customer, pay your supplier $99 & you keep $51 profit for yourself.
There are disadvantages to dropshipping, on I found is you are constricted by yor supplier dispatch times, so sometimes shipping can take longer than if you wee physicallydoing it yourself. One other disadvantage is you cannot physically see the stock, as it is not in your posession so you are at the mercy of your suppliers descriptions & photos of any items. If items have to be returned for any reason you have to arrange the buyer to provide evidence of any damage, which uually means them sending the good back to YOU so you can examine thm & then you have to send them back to your supplier. This can be tedious & time consuming.
Okay, so now I know what dropshipping is all about, but where can I find the suppliers? Whatcompanies or individuals can I trust to offer me goods at wholesale prices?
Wednesday, 22 July 2009
Getting Started With Wholesale & Drop Shipping - Where Do I Start?
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