Selling Online Using Dropshipping #2

I spent six years selling various products on Amazon, Ebay, Half, and Craigslist.  I can say my favorite place to sell was on Amazon.  You can list as many products as you want and it doesn't cost any money.  There's no expiration and you can sell multiples of the same item so you don't need to relist every time it sells.  All payments are taken care of by Amazon and you can withdraw your sales directly into your bank account once per day.  The busy season is obviously before Christmas.  Usually mid November to late December.  $1K profits in one day isn't uncommon during this time.  Other times of the year you should be able to make $500 to $1,000 per month working about one hour a day.  Most of the work comes at the beginning when you have to list all the products you want to sell.  You can do this manually item by item or you can use a program to list multiple items at once.  Steps to take:

*Find a Dropshipper or Two and sign up (usually you get a free trial period of 30 or 60 days)
*Sign up for Seller Account on Amazon.com and Ebay.com
*Start Listing Items - Make sure you understand the fee structure and list the item so you will make a profit.  I try to get at least 10% profit margin.  But you need to position your price so you are the lowest or one of the lowest prices compared to your competitors (other sellers) - You need to build up feedback so your profit margin may suffer at first.  But don't take a loss on a sale. 
* When Sales come in, order the item from your dropshipper the same day, you can copy and paste your customer's name and address directly into the shipping address.  Make sure you use a credit card that offers points or rewards because this is another huge benefit.  The more you spend the more rewards you get!  I never had to pay to go out to eat because I redeemed points for gift cards through my credit card reward program!
* Email the customer to thank them for the order, provide the tracking number of the shipment and ask for positive feedback

I'll go over some important customer service tips later.  Have a great day everyone.  Here are a few of the sites I've used within my business.  Check them out and sign up for the free trial if you are interested.  If you would rather open your own store I've posted that link here as well.  You'll have a running store immediately and you just need to send people to it.  You really don't have to do anything else, the company takes care of processing orders, sending out items, handling returns, etc.  I love this concept and it doesn't hurt to try it out using the free trial!

For Dropshippers and Suppliers:  http://www.salehoo.com/learn-more?aff=legend14

Here's some great information on how to become an Ebay powerseller in 90 days.  I was a powerseller and the benefits are outstanding (save 20% on fees, etc): Click Here!

To open your own store:  Start Online Business Today

Jon