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Dropshipping Without Startup Money ?

Discussion in 'Making Money' started by gordas, Jan 29, 2017.

  1. gordas

    gordas Registered Member

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    Hello, I am not US citizen.

    If payments need 7 days from buyer to my bank account, it need some startup money for fast shipping... or there is another method i don't know?
     
  2. K.H.R

    K.H.R Jr. VIP Jr. VIP

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    Confusing Question, make it clear what you are actually asking for.
     
  3. purplewhale

    purplewhale Junior Member

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    If you have a confirmed bank account, you will be able to spend pending balances to pay for their order.
    This way you won't need any budget beforehand

    Good Luck!
     
  4. tripartist1

    tripartist1 Junior Member

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    Wait, seriously? Source?
     
  5. purplewhale

    purplewhale Junior Member

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    Well I can on my PayPal account.
     
  6. Jason Bradbury

    Jason Bradbury Power Member

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    Clarify your question
     
  7. tripartist1

    tripartist1 Junior Member

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    Just tried, didn't work.
     
  8. m23

    m23 Newbie

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    Shopify payments will deposit in your account 3 days after receiving funds. Still not immediate, however it is faster than PayPal.
     
  9. jeffro89

    jeffro89 Junior Member

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    Sounds like you are talking about a cash flow issue, correct me if i am wrong but you want to know how to pay for an item if the money is pending in your bank account. EXAMPLE - John buys an item from your store and pays $20, you go to aliexpress and buy item for $5. You still dont have the money John paid because it takes a number of days to clear and show in your bank account or Paypal account. I am guessing you want to know how to handle this if for instance you get a 100 orders and only have enough money to purchase 10 orders from suppliers in your bank account ?
     
  10. pilotpete

    pilotpete Newbie

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    Are you 18+? You could get a credit card so you increase your cashflow.
     
  11. gordas

    gordas Registered Member

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    yes i have this problem... is there any way to solve this?
     
  12. pawelwilk1991

    pawelwilk1991 Newbie

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    Get a credit card mate
     
  13. GringoMonkey

    GringoMonkey Power Member

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    Typically companies delay delivery to solve cash flow issues. To use jeffro89 example...

    ie: John buys from your store and deposits $20, this takes 7 days to clear.
    You go to to Aliexpress where product costs $5 and takes another 7 days to ship.
    That is 14 days.

    You tell customer you aim to have the product delivered within 30 days.

    That is the 7 days while you wait for the money to clear, then you place the order + 7 days delivery (then double that for unexpected circumstances)
    So the client will not be complaining until after 30 days and you should be able to deliver in about 14