Ask me anything about dropshipping on ebay

[david g rees]

I started this a little over 3 weeks ago. Had a 2 year old account but hadn't sold anything. Currently done to this day 42 orders. I have money in my bank to help me through the PayPal holds. Everything is going smooth. Feedback is going up fast currently have 15. Can't wait to upscale. Thanks for the share and advice.

Nice well done...i have listed 25 items and sold 7 so not bad, but need to upscale once my limits are raised and then open a store. How do you cope with price fluctuations on Amazon do you use software?

 

[password01]

Nice well done...i have listed 25 items and sold 7 so not bad, but need to upscale once my limits are raised and then open a store. How do you cope with price fluctuations on Amazon do you use software?

Hey David,

Yea that's true about the store. Once it makes sense it's the first thing you need to do. The 10% final fee is such a bitch.

Do you plan on making a return to the tax man when you starting kicking it!? Because if so you need to keep track of all PayPal and eBay fees paid. You can use these to reduce your tax bill, giving you a bit of extra profit

 

[volupia]

 

[david g rees]

Hey David,

Yea that's true about the store. Once it makes sense it's the first thing you need to do. The 10% final fee is such a bitch.

Do you plan on making a return to the tax man when you starting kicking it!? Because if so you need to keep track of all PayPal and eBay fees paid. You can use these to reduce your tax bill, giving you a bit of extra profit

Of course i keep records of all my outgoings as well as income, i am self employed doing other work anyway so its no problem. I would advise anyone not to try and avoid the tax man, its not worth it. Good luck with your venture.

 

[ZennoBlaster]

Glad some of you are banking!

What's the best way to refund customers, especially when the drop ship item increases in price? I don't want to get any negs to my account! What do you mention to them?

 

[password01]

Glad some of you are banking!

What's the best way to refund customers, especially when the drop ship item increases in price? I don't want to get any negs to my account! What do you mention to them?

Whats the problem if the item increases in price?

I'm pretty sure that Amazon will refund you as per your transaction price.

In any case, you just get the buyer to send the item to you, you then file for a return with Amazon. Or else you could get the buyer to send directly to Amazon but I guess that is a little bit risky.

If there is a product you will need to get the buyer to send directly to Amazon or you will have to pay the buyer to ship to you first.. because you should be paying for the shipping when there is a product fault..


Imho..

 

[ZennoBlaster]

Whats the problem if the item increases in price?

I'm pretty sure that Amazon will refund you as per your transaction price.

In any case, you just get the buyer to send the item to you, you then file for a return with Amazon. Or else you could get the buyer to send directly to Amazon but I guess that is a little bit risky.

If there is a product you will need to get the buyer to send directly to Amazon or you will have to pay the buyer to ship to you first.. because you should be paying for the shipping when there is a product fault..


Imho..

I mean when the eBay customer orders it (paid), and I haven't shipped it off yet.

 

[password01]

 

[ZennoBlaster]

Yeah, I'm gonna use my own price monitoring system asap. And then readjust the price when it needs changing.

I cannot afford to buy the item and ship it (at a loss), as the increase has gone through the roof!

Oh well, ye live and learn!

 

[triple3A]

Hi guys,

I started this method like a month and a half ago and I've made about 20 sales, which is decent. However the thing that pisses me off is PayPal holding my funds, I obviously have money in my bank but sometimes I run out since I use it a lot and don't have much of if since I'm still at school and don't work. Also some of my listings get hundreds of views and loads of watchers but no one buys the item which is weird. Also I list a product which is significantly cheaper than rivaling listings yet I still don't get sales and they do...???

Thanks

 

[toml3030]

However the thing that pisses me off is PayPal holding my funds

dude, be thankful of the holds. Before they instituted it, the biggest scam on eBay was new accounts listing stuff and not shipping after getting paid. The hold is a moderate annoyance. The other option is to make you verify your identity and make you turn in invoices for what you're selling when you register before you can list anything, which would have been a lot worse for the sellers.

Also some of my listings get hundreds of views and loads of watchers but no one buys the item which is weird.

In many cases for popular items, the views will mostly come from other sellers keeping track of the competition and bots.

Also I list a product which is significantly cheaper than rivaling listings yet I still don't get sales and they do...???

Placement in searches is at least as important as price. As a new account you're probably getting terrible placement.

 

[password01]

By the way it's nice of Euphorix to be chiming in an answering questions on his AMA... :/

 

[toml3030]

By the way it's nice of Euphorix to be chiming in an answering questions on his AMA... :/

I should start my own AMA....

 

[DeniX3]

What's your avg. arbitrage percentage per item?

 

[password01]

What's your avg. arbitrage percentage per item?

Hey There,

You'r question is a little ambiguous as the NET margin is different for everybody, depending on how they have eBay setup and what volume they are rocking on PayPal.

Euphorix has stated before that he makes anywhere from $4.50 to $7.0 per sale. While percentages are great and all that a set fee like Euphorix has mentioned can be cool if it's linked to volume.

I can't link here but PM me and i'll send you a snippet from my business model Excel workbook for a simple sale calculator that shows gross/net margins etc..

 

[amoon]

hi

its possible that a foreign NON US can start EBAY account linked to paypal ...without problem...and start his dropshipping business

also

can you make this big ...and register accounts like in UK, DE ...

 

[toml3030]

Euphorix has stated before that he makes anywhere from $4.50 to $7.0 per sale. While percentages are great and all that a set fee like Euphorix has mentioned can be cool if it's linked to volume.

% profit margin is HUGELY important in the long run. If you make $5 on a $10 item, you can make mistakes, run into crazy customers, etc. and still survive. If you make $5 on a $1000 item, one scammer/ crazy customer/ competitor messing with you can pretty much destroy you.

 

[toml3030]

If you know real genuine branded item dropshippers

It's right here, next to Santa Clause, Yeti, and Easter Bunny.

 

[password01]

 

[toml3030]

Yea that's true, I guess I forgot to mention that's if you're trading around a sweet spot of 30-50 dollars, it's fine. Outside of that and you'd want to be tracking a good percentage.

It's also a function of at what price range you want to operate in. You get totally different clientele when you're selling $20 items vs when you're selling $500 items.