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How to start a successful eBay business with 0 investments, and make more than enough mone

Discussion in 'Ebay' started by pscmj7, Dec 13, 2011.

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  1. pscmj7

    pscmj7 Newbie

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    I started my Retail career at a Big Box store in 2002, I sold TV?s and Electronics, I then moved to an independent retailer of Home Goods. From this I learned about business, sales & Retail. I was able to get a lot of insight into what B&M retailers do wrong, and why I would NEVER want to own a B&M store.
    After the Brick and Mortar retailer I worked with went out of business, I decided to turn to ecommerce.
    In my first year on eBay I did over 1 Million in sales at about 18% net profit? This was in early 2009.
    Today my company does 10 Million a year online, and I have positioned myself to sell ANY item you could think of. From High End Samsung LEDs to $15,000 refrigerators and everything in between.
    So often people think about drop shipping in the wrong way, and they think purchasing stock is the only sustainable way to make money, this is absolutely false. And the ONLY way to make real money online is through Different forms of drop shipping.Almost every large etailer is a ?Drop Shipper? (Buy.com,Wayfair,BeachAudio). However keep in mind that ?Drop Shipping? isn?t always what you customarily think of when you look at forums or w/e.
    My goal on this forum is to learn and be helped to Understand some B/H (non eCommerce) methods better, and in return I will help people Learn how to build as large of a DropShipping ecommerce business as they like.
    If you have questions or you would like advice please post publicly, please only PM me if you would like to Share tips about BH techniques in return for WH eCommerce.
    Thank You
     
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  2. j3rki

    j3rki Regular Member

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    hi mate, veery interesting! could you teach me how to trade on ebay? :D im earning about 2k/month but thats to less and not recurring.. cpas..

    would be awesome :)
     
  3. Neo240

    Neo240 Power Member

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    So for BH techniques and that non-ecommerce....hmmm....lemme see, the box on top left called search ( insert key here) and then sort by view or replies. Also you could move onto subforums and sort by views.
     
  4. dryheat360

    dryheat360 Regular Member

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    What is it then? Can you elaborate on what you mean when you say drop shipping. Thanks
     
  5. mistablackhat00

    mistablackhat00 Jr. VIP Jr. VIP Premium Member

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    He works for UPS. He drops and breaks people's expensive packages and then files an insurance claim.

    ;P
     
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  6. pscmj7

    pscmj7 Newbie

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    That's great to hear. What country are you in? Also what category are you interested in?
     
  7. pscmj7

    pscmj7 Newbie

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    The approach that I have taken with dropshipping is :
    Never buy anything for inventory. But make arrangments with companies to sell one item at a time. (Companies that don't have a dropship program)

    Many manufacturers and distributors are not caught up with technology, and they may have never even thought about Direct shipping to a customer on behalf of a retailer.
     
  8. j3rki

    j3rki Regular Member

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    Im from germany! And im very flexible with the category ;)
     
  9. pscmj7

    pscmj7 Newbie

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    Ok good, the fact is that there is potential in every category.
    So you should try and chooose a category.
    What products do you know alot about?

    After you have chosen a category you can start researching the market in 2 different ways.

    #1 Find a supplier for the products you'd like to sell.
    #2 Find some sellers that are for sure selling through this supplier.
    (Usually they'll copy and paste the exact product titles and they'll use the exact same image.You can even check the image location to see where the image is hosted at if they have image in the listing HTML)
    #3 If the seller is doing well, you know that you have found a good supplier. (You can look at FeedBack count.)
    #4 Now compare Supplier Cost to Selling price and if there is Profit then you have found a winner for a supplier.
    Don't give up if you look at a few items and they are at or below what your cost is. The great thing with eBay is you don't have to be the lowest priced, there are other things you can do to WIN the sell.

    The Second Method
    #1 Find a seller that is doing well on eBay.
    #2 Look at their listings and most popular items.
    #3 See if you can google the titles back to a specific supplier.

    For both of these methods it is Ideal if you have a TeraPeak account, as it will give you insights into a sellers performance or a product.
     
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    Last edited: Dec 13, 2011
  10. rmk174

    rmk174 Newbie

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    Hi,
    I think you have made very gud move by writing this post. As a matter of fact can u kindly share some tips with me to earn out a living by doing ecommerce.
     
  11. pscmj7

    pscmj7 Newbie

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    The first place to start is Create a Plan. Look at my previous post about finding a Supplier and let me know if you have any ?
     
  12. wildbubs

    wildbubs Newbie

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    interesting post
     
  13. Desertfox

    Desertfox Regular Member

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    Hello from EU/Europe ;)

    Im interested in how you manage your items/sales/invoices.

    Do you use any special listing software like afterbuy/etc?

    Ebay takes a pretty nice cut of your earnings, then afterbuy, then shipping...
    Your calculations have to be very good and you gotta sell lots of items to make profit.

    Thats why im interested in your logistics, what programms you use to manage listings, sales, etc?

    Any tips?

    Thanks :)
     
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  14. Melis

    Melis Registered Member

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    Realy good thread i will subscribe ! :)
    I have pm'ed you
     
    Last edited: Dec 15, 2011
  15. Soayame

    Soayame Regular Member

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    Good stuff i actually just brought terapeak its awesome!
     
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  16. joseph

    joseph Registered Member

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    great advice.

    so can you get into detail why dropshipping is better than buying in huge bulk? is your whole business drop ship?

    and since you're in the home goods category, alot of your products are branded. how do you go by getting branded products, liquidations or do you contact the company directly?

    do you sell generic items from china too?
     
  17. bigdippin

    bigdippin Junior Member

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    I bought it a few days back. Really opened my eyes to a couple niches.
     
  18. Melis

    Melis Registered Member

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    Its bad that pscmj7 is not so active like i thought..sad. About terapeak do they offer any trial or you have to buy it and only then can use it?
     
  19. Desertfox

    Desertfox Regular Member

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    Yes im waiting eagerly for his response to this thread...
     
  20. Soayame

    Soayame Regular Member

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    some of terapeak features are free...but if u want the good stuff u gotta pay.