Ask me anything about dropshipping on ebay
- Thread starter Euphorix
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hateandbreak
BANNED
- Apr 17, 2010
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Hey, I appreciate the reply. Im gonna start looking into this some more, seems very interesting.
Thanks for looking and we hope you do! It can be a very lucrative market
paypal holds money? I found 1 product that is 200 dollars profit. but it is very high cost
I have aged ebay around 10 years old just got verified today for selling.
paypal verified earlier this year. had it for 10 years, but they said i could not buy anymore until i got verified. I was buying ebooks and software
does this apply to me?
password01
Regular Member
- Oct 28, 2015
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I can't answer your main questions but just give one small piece of advice.
Just in case you might not have noticed. Beware to keep tabs on the profit as a percentage of over all sale.
Why? Especially for higher priced items, The eBay fees and PayPal could be higher than than your assumed profit if your only looking at a static figure.
Rough example: Say you sell an item on eBay for $2500 that costs you $2300 to buy on Amazon. You're assuming $200 profit. But eBay and PayPal fees are approx. 14% and 14% of 2500 is 350. You've now just paid more in fees than your assumed profit.
My pricing algorithm was static at first but I had to change it pretty damn quick
Sometimes they do sometimes they don't. If you get an amzon accountbanned just make a new one with a new email address. I use my top level domain (business site) so i literally just make a new email address there in 10 seconds and make a new account. They love how we dorpshippers do tons of orders so you have to see it differently. they cut us off and they lose some good sales.
Tons of people do dropshipping. Everywhere around you, we buy things at marked up prices
When you make a new Amazon account you use the same name and credit card for purchases? If not then how do you pay for purchases, get a new card?
hateandbreak
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I think you are asking about making New Prime accounts for fulfilling your orders? For new Prime accounts they won't ban your credit card so it's ok to use it again and again. Just use a different email and make up a different name etc. Never had a problem with it
password01
Regular Member
- Oct 28, 2015
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Anyway, aren't you worried about run ins with the law when doing like name changes and all sorts of funky stuff with stealth accounts.
I mean, if you annoy somebody can't they just come down hard on you. All that stuff can be prosecuted under "Wire Fraud" right? That has harsh penalties.
I'm thinking some of the practices are kind grey but become completely black once you annoy the wrong person.
I mean, if you annoy somebody can't they just come down hard on you. All that stuff can be prosecuted under "Wire Fraud" right? That has harsh penalties.
I'm thinking some of the practices are kind grey but become completely black once you annoy the wrong person.
Hi I very like this thread, I have aged account with 100% feedback from buyer prespective, I have sold 10items in the past 10days and I'm waiting the feedback for them. My question is:
- Can you advise me which tools you are using for monitoring the price from amazon and comparing it with ebay
- Can you advise me which tools you are using for monitoring the price from amazon and comparing it with ebay
hateandbreak
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- Apr 17, 2010
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The answer is No.
We aren't lying about anything when creating stealth accounts. We have a holding llc that has llcs underneath it. We're then providing a working tax # per llc. So we're not pretending to be anyone else, we're just under a business # which is under our name. Paypal/eBay don't link the two.
We don't recommend going stealth unless you have too. Not due to legal issues. Mostly due to the low selling limits you start off with (5 items) and the $850 fee it takes to register an llc. Stealth is a long term investment. I believe if you lie about who you are/provide a fake ssn it is a felony.
Hope this helps bud.
Cheers!
password01
Regular Member
- Oct 28, 2015
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Yea that's perfect. I actually figured that might be the case. I understand that to scale you need LLCs and also there is plenty of accounting to be done.
Regarding accounting and all that. When paying tax. You can write off the listing fees and stuff as expense right? Do you need to charge sales tax on your items in Ebay? Because in the UK we have VAT which is similar to Sales Tax in US. If you trade above a certain amount of revenue you, you must register and charge VAT. That would seriously break the model I think.
Thanks.
Hollywood007
Registered Member
- Jun 13, 2010
- 92
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How come in your reply to this poster you didn't answer question #1?
Hollywood007
Registered Member
- Jun 13, 2010
- 92
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Ah I saw your banner signature in another thread....
You're selling a eBay dropshipping course, hence the no response to that question and reason for creating this thread.
Makes sense now
You're selling a eBay dropshipping course, hence the no response to that question and reason for creating this thread.
Makes sense now
- Feb 20, 2015
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Missed this. I'm not personally handling our taxes but I believe you can write off both listing and final fees. A good guy to ask about this would be Toml3030. A good book to read would be "The eBay sellers tax and legal answer book" by Cliff Ennico. Bottom line though, get an accountant
Friendly BHW etiquette tip: Edit your posts. Members may be put off if they see you posting in threads multiple times without a response
That being said, yes we are launching an extremely in depth eBay drop shipping course that we're vastly excited about. Neither myself nor Saul answered that question because we are still integrating our own software into the program
We're looking to do it at no additional cost, (meaning that it would be free for you guys) but we don't plan to make an official statement regarding that until it's all wrapped up and ready to go. If you're curious about how much it's costing us to create everything: we'll end up somewhere in the mid xx,xxx region.
Regardless, this post is to add value to the community and help anybody out that needs the help free of charge. Definitely valuable info here that both myself and Saul paid good money to learn.
Cheers,
Zach
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password01
Regular Member
- Oct 28, 2015
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What shop level do you guys usually run with on eBay?
What level of customisation do you have for each store/listing? Do you use nice templates, customer service number email to business name domain, store logo etc?
How much of a requirement are those things and how effective are they vs not having them?
Thanks.
What level of customisation do you have for each store/listing? Do you use nice templates, customer service number email to business name domain, store logo etc?
How much of a requirement are those things and how effective are they vs not having them?
Thanks.
password01
Regular Member
- Oct 28, 2015
- 331
- 81
I'm assuming you guys do not drop ship from solely Amazon correct? I am looking into drop shipping from AliExpress, as they have a TON of items that would be perfect for my niche eBay store and website. My issue right now is if AliExpress orders provide some sort of invoice that would give me away, and that you cannot easily save pictures off of aliexpress. Thanks again, you guys are legends
- Feb 20, 2015
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We start all accounts off on premium store subscriptions. Once we get our limits upgraded to 2k we spike to the anchor stores
Every store has a custom template we've designed
None of it's necessary to make play money. All of it is crucial if you want to get fantastic feedback and bank. They aid in every aspect of selling, from your buyer seeing how professional you are to an eBay customer support rep deciding whether or not they want to bend the rules for you
Not to mention the automation selling manager pro allows you to have
Love that you're looking into alternatives
We only use Amazon. Everything else pales in comparison and is not worth the headache- Best selection, most reliable, fastest free shipping, and a plethora of fantastic third party tools that incorporate amazon into eBay selling. There's a reason they're the largest marketplace in the world and I definitely suggest you stick with them
tas26
Power Member
- Apr 21, 2009
- 629
- 314
thanks for all the answers buddy. i have one question though,
for example if i get 100 orders a day, then i am going to place 100 orders all with different addresses in a single amazon prime account, wont that ring bells?
secondly have you tried using jet.com which offers even lower prices than amzon.
for example if i get 100 orders a day, then i am going to place 100 orders all with different addresses in a single amazon prime account, wont that ring bells?
secondly have you tried using jet.com which offers even lower prices than amzon.
Thanks for the awesome thread guys, most people wouldn't go this in depth into a working method for everyone else to see.
I've been toying around with this method for a couple of months now, but only recently have gotten serious about it. I know of a couple big accounts (im sure you know who these guys are), that are doing this exact method and doing 1-2,000 sales a day which is insane!
My question to you guys is, what is a "realistic" profit margin to have overall? I hear some guys say 1$ profit, but that almost seems like a waste of time unless you're generating hundreds of sales a day. Is your profit margin somewhere around 3-5$ an item? I'd imagine you just have to find the right price so that you still keep sales volume but can rack up the money a bit quicker than 1$ profit per item.
Lastly, i've been looking for ways to get that gold star quickly, but haven't found the right category yet. Are you guys insinuating to lose money on the first 10 sales to get the gold star? Or are you saying find something thats a hot seller right now and sell it at cost?
Thanks guys
I've been toying around with this method for a couple of months now, but only recently have gotten serious about it. I know of a couple big accounts (im sure you know who these guys are), that are doing this exact method and doing 1-2,000 sales a day which is insane!
My question to you guys is, what is a "realistic" profit margin to have overall? I hear some guys say 1$ profit, but that almost seems like a waste of time unless you're generating hundreds of sales a day. Is your profit margin somewhere around 3-5$ an item? I'd imagine you just have to find the right price so that you still keep sales volume but can rack up the money a bit quicker than 1$ profit per item.
Lastly, i've been looking for ways to get that gold star quickly, but haven't found the right category yet. Are you guys insinuating to lose money on the first 10 sales to get the gold star? Or are you saying find something thats a hot seller right now and sell it at cost?
Thanks guys