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BEST Way To Make Money Fast With NO IM Experience

Discussion in 'Making Money' started by Euphorix, May 6, 2015.

  1. Euphorix

    Euphorix Supreme Member

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    Introduction

    Due to the relatively positive response to "Making Money On Instagram" I give you:

    Making Money Through eBay Drop Shipping!


    Don't get me wrong, building a sustainable income on Instagram is fantastic.. but it requires time. If you're patient and diligent, things will work out perfectly through IG.


    I'm creating this guide because some of you don't have time. You need to make money fast, you need to make it now, and you don't have the required capital to invest in shout outs or websites. The amazing thing about eBay drop shipping is that you can go online this moment, post forty items before you fall asleep, and wake up tomorrow morning with real cold hard cash in your Paypal account.


    The Concept

    We are going to use arbitrage to make money on eBay. Arbitrage, is the simultaneous sale and purchase of an asset in order to profit from the difference in prices.

    Example: We have a chair posted on eBay for $50. The exact same chair is listed on Amazon for $20. When the chair is purchased from our eBay account, we use $20 of the $50 we just received to purchase the chair from Amazon and send it to our buyer. Our profit for the transaction is $30.


    How Much Money?


    This guides goal is to have you making $200 your first month, $500 your second month and around $1000 your third month. I particularly like this method because it returns fast results, you do not need any previous internet marketing experience, and it requires NO initial investments/ start up costs.


    eBay's Policy

    There is a lot of misconception regarding whether or not eBay allows drop-shipping. I want to make it entirely clear that they do! Here's what their TOS has to say about it:

    "Product sourcing (sometimes called drop shipping) is one way to sell items on eBay."
    "
    Selling using a product sourcing service is allowed on eBay as long as the seller can guarantee that the item will be delivered to the buyer within 30 days of the end of the listing"

    Amazon is also ok with dropshipping to your eBay customers as long as you aren't using Amazon Prime's two day free shipping to do so.

    Setting Things Up

    To get started, you're going to want to go create an eBay, PayPal, and Amazon account.
    Next, link both your eBay and Amazon accounts to Paypal.
    At some point you'll also want to change your eBay name. It doesn't really matter what you name your account.. Just try to make it somewhat professional. (don't name it something stupid like stonerreeferman or scamboy)

    If you do not live in the United States: Find and register through your countries eBay domain. Once you're registered, post three items.

    After doing so, wait 48 hours and then log on through eBay.com. Here's a list of the different eBay domains.

    Finding Items To List

    We're going to cut the time we spend on eBay (and difficulty) in half by simply copying other users. Go to Amazon, type in Chair, and scroll down until you find something you like that is over $35 (Amazon does not charge shipping for items over $35). Grab the title, throw it into eBay, and watch the listings appear.

    Now, scroll down eBay until you find somebody that is pricing the item significantly higher then it is listed for on Amazon (you're looking for dropshippers), and click on the lister's account.

    From here, you can go to sold listings. You want to find any of his items that have sold numerous times. Once you do: re-list the item.

    If you search long enough, you'll begin to find awesome users that are absolutely crushing it. Once you find five or six of them, you can just check their accounts once a week, see what they're listing that is selling, and copy copy copy.

    Edit: Stay away from electronics. People that buy electronics are savvy and usually cross check before purchasing. Don't waste your time.

    Listing Items

    Now that you've found some high quality items, it's time to put them up for sale. Click "sell", followed by "sell it myself" and type in a description of your item so that eBay can select a category for you. For instance, if the item you have selected is a Winsome Wood Windsor Dining Room Chair, you would simply type in dining room chair.

    Once eBay has selected your category, it's time to list your item. Here are the settings you should be listing under:

    Condition: New
    List As: Fixed Price
    Listing Duration: 30 Days
    Shipping: Standard: UPS Ground (1-6 days business days)
    International Shipping: No International Shipping
    Handling Time: 3 Business Days
    Returns: Returns Accepted

    Once those are in place you will be left with Title, Photos, Details, and Starting Price.

    Photos: You're going to want to take your photos from the EBAY listing. If you begin grabbing photos from Amazon some of the photos won't meet eBay's sizing requirements.

    Details: You can pretty much take this straight from Amazon. Definitely change the wording so that other drop shippers cannot find your account and copy you.

    Starting Price: This is going to take some feeling out. The more you price things, the better you will get at pricing them.

    eBay and PayPal fees combined take 13% of your sale and I shoot for a profit margin of 8+ dollars.

    Example: I find a chair on Amazon for $40. I would multiply $56 (my selling price) by .13 (percent taken out). This gives me 7.28.

    $56-$7.28-$40= $8.72

    SO: If I sell the item at $56 I would, after eBay and PayPal fees, make a profit of eight dollars and seventy two cents. However, $56 SOUNDS high to me. Therefore, I would sell the chair at $55.23 ($8.05 profit).. and i'd sell it at that price all day long. You're going to have to practice pricing things so that you get a feel for them, but your goal is to undercut people, keep the numbers low ($55.23= low numbers), and still make a profit margin of around eight dollars per sale. If you can consistently sell five things a day at an eight dollar profit margin, you'll walk with $1200 a month.

    Lastly, Titles:
    If you want to make a lot of money very quickly on eBay, create fantastic titles. They are the most important component of your listing.
    If you have good enough titles, you could sell an item that is listed for $60 on eBay for $120.

    In your titles:
    -Leave as few characters unused as possible.
    -The beginning should accurately describe the item
    -The rest should be adjectives. Example for chair: Comfy, High Quality, Leather.. etc.
    -Stay away from brand names (you don't want people to type in the brand name and see it on amazon at a lower price)

    Listing Cycles

    All of your listed items are on a thirty day listing cycle. If an item sells, you can re-list it and restart it's cycle. We've set our accounts up like this so that you can replace items that do not sell. Assuming you stick at this, you will eventually have an item pool full of "best sellers".

    eBay Limits

    When you're first starting off, eBay is going to hit you with some account limits. They will slow down the process, but there is a smart way of dealing with them.

    How do the limits work?

    New accounts start with a limit of 100 items. Once you have had 100 items listed for thirty days, you can call eBay and they will boost your limits by 200%.

    Here is a breakdown of your limits for the first six months as an eBay seller:

    Month 1: 100
    Month 2: 200
    Month 3: 400
    Month 4: 800
    Month 5: 1600
    Month 6: 3200

    Every time you call eBay you tell them that you are a wholesaler with a lot of inventory coming in, and ask them to upgrade you to the level above their standard limit raise. When you hit 100, ask them to raise you to 400. If they say no, call them when you get to 200 and ask for 800.



    Customer Service


    The last, big area that I'm going to mention in this guide is customer service. If you answer people quickly and professionally, you will make a killing in this business. If you take several days to get back to people, and aren't on top of your game customer service wise, you're going to miss out on a ton of great feedback, and even better sales. I recommend getting the official eBay app on your cell phone. Be accessible.. and good luck :)
     
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  2. siffy1

    siffy1 Registered Member

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    Thanks for this, just a question do you suggest selling everyday household items first? or is it okay to start selling amazon products on ebay right from the start?
     
  3. Dioni

    Dioni Jr. VIP Jr. VIP

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    Thanks for tutorial, But why people that dont live in us have to register thorught other countries, why is necessary
     
  4. mickyfu

    mickyfu Jr. VIP Jr. VIP

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    Why do I get the feeling you are rehashing old threads on here in hope of brownie points?

    And for my next thread, how to make money giving away free websites as a hosting affiliate. Can't wait for it.
     
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  5. matl996

    matl996 Newbie

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    But if i dropship my sold Items with Amazon, they get the Amazon Bill with the 40 $ Bill.

    Don´t you get bad ratings because of that?
     
  6. Euphorix

    Euphorix Supreme Member

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    Sell amazon products right away :)
     
  7. mickyfu

    mickyfu Jr. VIP Jr. VIP

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    You could have it delivered to you and resend the product. However OP is just trying to make this method look sweet and easy. He claims you can start with "nothing", that is due to him probably rehashing this thread from 10 years ago. You see he fails to mention anything about PayPal holding money for 20 days or so, something which well and truly makes starting with $0 impossible.

    Second rehashed thread so far, I am starting to get visions of a very expensive car beginning with "V".
     
  8. Euphorix

    Euphorix Supreme Member

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    Due to Amazon's shipping policies, our target audience (at least for this method) is the United States. You're going to want to be listing items on eBay.com, as opposed to listing them on (for example) eBay.co.uk
     
  9. WhiteBoi360

    WhiteBoi360 Regular Member

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    do you need a regular eBay account or an eBay partner account?

    I got approved a while back for an eBay partner account but never used it and don't really know what to do with it..
     
  10. mickyfu

    mickyfu Jr. VIP Jr. VIP

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    What shipping policies would these be, I am pretty sure I could use Amazon.co.uk and Dropship to eBay.co.uk. Well that is if I could be arsed putting up with all the rest of the bollocks that you conveniently left out.
     
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  11. Euphorix

    Euphorix Supreme Member

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    Great catch! When you're purchasing items to send to customers, you're going to select "Send As Gift". This will remove the price of the item
     
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  12. widdows9000

    widdows9000 Junior Member

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    You can send items as gift from Amazon, in this case they will not attach an invoice I guess.
     
  13. Euphorix

    Euphorix Supreme Member

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    You can just use a personal account.
     
  14. widdows9000

    widdows9000 Junior Member

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    What if we live in a country where there is no eBay?
     
  15. mikollek

    mikollek Registered Member

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    How do you link your amazon account to paypal?
     
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  16. hateandbreak

    hateandbreak BANNED BANNED

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    Always some ass trying to bring down someone elses thread, never fails huh? Clearly you are just to be helpful
    to this forum which is loaded with crap and ideas that aren't actionable. This is. And every one has
    a different way of doing things so you could learn form different people over just following one persons ideas.

    My question is: Does Amazon allow PayPal? I'd find it so convenient if they would just accept PayPal but i understand
    they are their own company. "Next, link both your eBay and Amazon accounts to Paypal."

    I have my eBay hooked up to my PayPal, but not sure how it is possible with Amazon. eBay and drop shipping is not
    my strong suite but it is something i want to put time into so i can get more streams of income flowing. Appreciate the effort
    you are putting out to share, re-hashed or not, it's still a method to make $$$ and the most you get is a thanks, or if you are lucky,
    a visit from the Village asshole.

    Cheers
     
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  17. mickyfu

    mickyfu Jr. VIP Jr. VIP

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    Yes I am an arsehole for pointing out the blindingly obvious. He probably can't answer your question, and why? Well he does not actually use this method, or the other ones he has rehashed from here, so does not have the answers.

    If I could be arsed wasting my time, I would point you in the direction of the original threads.

    This may look familiar http://www.blackhatworld.com/blackh...pping-done-right-spoon-fed-long-detailed.html

    What I do find interesting (way over some people's heads, I know) is why would someone rehash loads of methods to gain reputation? I remember Veyron doing this, he was also good at ignoring people who caught onto him. But hey, maybe that is just me being the bellend I am.
     
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  18. hateandbreak

    hateandbreak BANNED BANNED

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    So long as this guy isn't trying to sell anything though we know nothing about him. He may very well
    be the kindest person just trying to help out. Though i tell ya what, if i'm wrong, i'll hit your Paypal
    with some cash which i'm sure you don't need or wouldn't want to bother with..

    Only knackering your brains, we may both very well be wrong?

    Either way, it's something that works.
     
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  19. Zenka

    Zenka Regular Member

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    As soon as I started reading this, I also remembered the thread by lewy2k, to which mickyfu points out, but altough this method might be rehashed, it still has some good points, which were not mentioned in the other thread. I suggest reading both threads before proceeding with this method.
     
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  20. hateandbreak

    hateandbreak BANNED BANNED

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    I agree with Zenka. I've already found an item to sell for a nice profit of $12. Sadly i only have 9 feedbacks but
    i am well on my way to getting the PayPal hold as that is a bummer, though the last item i sold (personal item)
    was not held for any time at all. Could this be because it was an auction type sale?

    Either way, will report back with some sales.