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I'm new to all of this and could use a little guidance...

Discussion in 'Dropshipping & Wholesale Hookups' started by fa4835, May 23, 2011.

  1. fa4835

    fa4835 Newbie

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    Hey there folks,

    I just wanted to mention that it was a pure accident that I stumbled upon this website, and upon further investigation I have become very curious about how all this dropshipping works. I know what dropshipping is and all, but are all these websites that users are posting legit?

    For example, I stumbled upon this website while looking for some ralph lauren polos. I see a bunch of threads where users are saying that their site has polos for up to 80% off of the retail value? So are they authentic? Or are they fake?

    Also, do you always have to buy everything in bulk? Instead of buying 10 polos for 100 dollars, can I just buy 1 for 10 dollars?

    Sorry if I am posting in the wrong section, or acting like a huge noob, but I am just curious and want to be a part of all this.

    Thanks.
     
  2. fa4835

    fa4835 Newbie

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    anyone?
     
  3. Taktical

    Taktical Elite Member

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    Future tip. Try not to ask questions before you google it or read a few things first. Those answers can easily be found.


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  4. JShearer91

    JShearer91 Junior Member

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    dont do ebay
     
  5. sienna

    sienna Junior Member

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    Drop shipping could be a little bit of overwhelming especially for starters or those who lack experience. For this reason, it is very important to research and read verifiable and reliable resources about drop shipping and how things work.


    If you already have an idea what drop shipping is all about (at least know its definition), the next thing you have to determine is where to source for products that you would like to sell online or offer the same to people you know.


    Dropshipping is a good business model for anyone who would like to start their home business without having any inventory at all. That means you can start selling products online even if you do not actually have these products in stock. But, the catch is, it is very important that you find reliable wholesale supplier (Note: manufacturer or wholesale distributor NOT Middlemen!)


    I have mentioned earlier that you need not purchase anything from anyone even before you start making orders and your customers pay you the full amount. Essentially, dropshipping allows you to save money by not spending your own cash to purchase the item while waiting for someone who might buy it from you.


    How dropshipping works?

    Dropshipping is simple: list items you would like to sell (e.g., on your website, on Ebay, offer it on Facebook or Twitter) --> if someone is interested on your listing, your customer will pay you in full ([cost of item + your markup (e.g. 75%)]) + shipping & handling cost). --> purchase the item from your reliable wholesale distributor (they send the package direct to your customer) --> Finally, you keep your markup as your income!


    Product sourcing is very important. Aside from knowing what items you can sell profitably, it is important that you find the right and reliable wholesale distributors who can make the order fulfillment for you.


    You do not necessarily have to purchase items in bulk all the time. Some wholesale distributors allow their resellers to purchase single item from them at a wholesale price (meaning even a single item purchase would cost below retail price to give you enough income margin). And the best thing is, since they are so called "wholesale distributors," the higher the quantity your purchase for each product, the wider the margin of your income -- therefore, you can compete with other sellers.


    Like dropshipping wholesale distributors, you can also utilize many othe forms of product sourcing. You can also look up for "Liquidators" as well as "manufacturers" of the products you want to sell.


    If you intend to purchase in smaller bulk (e.g., by dozens), you can buy from liquidators. (Example: you can buy 3M mouse pads for $0.35/piece offered at $4.2/case of 12 pcs. or Nail polish for $0.03/piece offered at $8.4/case of 280 pcs. You can then resell each item according to your own price. Liquidators usually have rock bottom price so you can buy many items for cheap.


    Dropship Resources:

    I higly recommend that your Google search "DropshipFocus," the little brother of WorldWideBrands. You can access it for FREE (free sign up). You can find video and audio tutorials in there. You can alsof find a snapshot of the WorldWideBrands.


    Paid dropship directories could be helpful but you must always find time to know whether it is worth your investment. Read reviews first before spending your money.


    Best Regards,
    Sienna
     
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