GotSmart said:
[font=Verdana, Arial, sans-serif]While I do have my own web-shop, most of my sales are on a third-party platform with millions of users. [/font]
[font=Verdana, Arial, sans-serif]Using a sales site such as Amazon or Ebay.[/font]
Correct, though I don't use either of those because the suppliers sell there directly.
GotSmart said:
[font=Verdana, Arial, sans-serif]I'm willing to help anyone who's interested get set up doing the same in exchange for 10% of your earnings for the first 30 days, which you can pay once the 30 days have elapsed. [/font]
[font=Verdana, Arial, sans-serif]I will show you how to contact wholesalers of stuff, and set up the ad. [/font]
I've been doing this for more than 10 months and know the optimal route, but more than anything I have a platform that I'm fairly certain nobody here is aware of, and is one that the suppliers will never directly sell on because it's not an e-commerce giant, not is it geared toward their business model.
GotSmart said:
[font=Verdana, Arial, sans-serif]You'll need a Paypal account to receive customer payments and a debit or credit card to order the products. [/font]
[font=Verdana, Arial, sans-serif]You need to put your information out there so you will be liable in case someone is not happy. PayPal will hit your accounts at the drop of a hat. [/font]
Of my 1k+ sales I've had less than 20 paypal disputes. It's easy to simply refund and move on, and the sale volume allows for this. You're also able to get your money back from the supplier as it's held in escrow until the item is marked as received or the purchase protection runs out. Even after this period, it's relatively easy as they will generally bend over backwards to avoid negative feedback.
GotSmart said:
[font=Verdana, Arial, sans-serif]There's no monetary investment or marketing required. If you can copy and paste, you can do this.[/font]
[font=Verdana, Arial, sans-serif]That is a fallacy, as it is pure marketing, and all it takes is one complaint to PP about the quality of the product, and BOOM there is a hold on the PP account as well as your main bank account hit for the cost of the product that you have paid for, and are now being charged for. The money goes back to the customer, who has the product as well. [/font]
There's no marketing. All you need to do is list the item and customers will find your products on their own. I've not spent a single second marketing these products(not including my independent shop, which I was only able to start because of my success on the third party platform).
Again, of my 1k+ sales I've had very few issues with quality (most of the less than 20 disputes were of deliveries never showing up). By only selecting products with a lot of feedback from established suppliers, there is very little risk, and the photos are accurate 99% of the time, and if they aren't, you'll know by the feedback. I've ordered enough of these products myself to verify this.
GotSmart said:
[font=Verdana, Arial, sans-serif]I have a eBay and PP account, so I know the routine, the tricks that buyers pull, and how PayPal operates. I only sell items I have on hand or know for a certainty are in a warehouse. I have a 100% rating, and have had since 2007. [/font]
That's fine, but it isn't the only way to do things, and isn't an option for someone who doesn't have the funds to import items up front, and is also riskier as there's no guaranteed return on investment. Drop-shipping lets you figure out which products are successful and is a good first step, with bulk importing being a good long-term goal as that's where the big bucks are at. It's something I aim to do with GeekNGamerGear if my revenue ever allows for it.
