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Do i need money to begin listing dropshipped items?

Discussion in 'Ebay' started by Jetsetskyking, Jun 20, 2015.

  1. Jetsetskyking

    Jetsetskyking Registered Member

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    I also want to know how i can begin dropshipping, because the only thing i know about it is what the word means. if there is a way, i want to at least start with free methods, because I'm pretty much broke. What can you tell me before i dive into this? and what can you tell me to get met started?
     
  2. jdog37

    jdog37 Power Member

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    I have never dropshipped before. I have thought about it but I just cant bring myself to put my reputation and account in the hands of an outsider. You know... depending on them to ship quality products in a timely manner to my customers. For this reason, I only purchase the products first then sale them only when I have them in stock and tested the quality.

    Plus 9 out of 10 times your dropshipper is likely selling on Ebay as well, which would make it hard to compete.

    This is just my opinion on the subject and I am sure many people here make a decent amount of money dropshipping. So dont let my words discourage you.

    But yes you will need the money up front to fulfill any orders you get. If your Ebay account is past the hold period you can simply use the money in your paypal to purchase the item and have it shipped directly to your buyer.

    If your account is new, Paypal will hold the money until like 3 days after tracking shows the package delivered. It takes (I believe) about 3 months of selling before the hold is lifted and your money is accessible immediately.

    If you are broke and your account is new, you could always sell a few unwanted items you have around the house to build a little money up in your paypal account to get you started. You can find cheap items at thrift stores and yard sales and the like. You can also get some good deals on clearance items at local stores.

    Ebay will allow you to print shipping labels and will only charge your paypal after the funds are released. This option is available on the shipping page.

    You will need to know how much the package weighs to purchase a label from ebay. When I first started I did not have any shipping scales, so I did it the blackhat way. I took my package to the post office which is very close to me and ask them how much it would cost to ship. When they told me I would say "Really... how much does that thing weigh?" Then I told them I would be back later and went home and printed my own damn label.

    But anyway... before using any dropshipper, I suggest you order the item and have it shipped to you the first time or two to get an idea of their turn around time and the quality of the item. This way you can accurately state a shipping and handling time for your customers. You can also take pics of the actual item for your listing instead of using a stock photo.

    I wish I could have been more help but perhaps someone with experience in the dropshipping field could chime in with more tips for you.

    Good luck.
     
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  3. jak19

    jak19 Elite Member

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    you need to have an ebay and pp account without the 21 day hold or you cannot do it
     
  4. LoftPower

    LoftPower Elite Member

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    I tried it once and someone tried to scam me. They sent me a check for $3000 and wanted me to wire money to them. But keep $100 for my troubles. The check bounced, but I waited before I wired the money as I assumed it was a scam.
     
  5. Dioni

    Dioni Jr. VIP Jr. VIP

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    That depends, if you are dropshipping from amazon to ebay for example and you use your paypal to collect the money than you need your paypal to be unlocked for 21 days money wait. If your paypal is unlimited than you dont need any investments!
     
  6. toml3030

    toml3030 Elite Member

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    It's always a good idea to have some money in the account to account for being scammed, refunds, etc. Doing business with no margin for error is not a formula for long term success.
     
  7. getmoremonline

    getmoremonline BANNED BANNED

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    If you have a good standing paypal we can maybe work together, I have the funds to get us started and you supply the ebay account, Pm me if your interested and I will give you more information
     
  8. conper

    conper Registered Member

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    I can help you too . I have a clothing website for dropshipping
     
  9. coolsheet

    coolsheet Jr. VIP Jr. VIP

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    Before you start bouncing from method to method, every method takes a little money.

    With dropshipping you need overhead for product purchases. Getting a credit card (if you can) is the way to go if you don't have the money out of pocket. You can collect your money in the 21 day allotted time frame and pay your CC bill.

    I know people that have made money with this, but I will tell you that I dabbled with dropshipping from Amazon to Ebay and it's a humongous headache. To even find products on Amazon with a low enough price margin to beat out the competition on Ebay is locating a needle in a haystack. I found a couple products and one that did real well for me was a tactical flashlight. I found it for like $40 cheaper on Amazon then what it was selling for on Ebay.

    The money is in the higher end products, that you've already stated you dont have a budget for, but if you can get a CC.........