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making money!

Discussion in 'Dropshipping & Wholesale Hookups' started by joshXlost, Aug 3, 2011.

  1. joshXlost

    joshXlost Newbie

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    im 18 and going to college i dont have time to work so i was thinking about buy products from china then reselling on ebay.
    i have an ebay acocunt and paypal both have already been used can some one guide me and help me in everything else i need to do so i dont get scammed or introuble for anyhting please!
    thanks,
    josh!!
     
  2. asiriusthoth

    asiriusthoth Jr. VIP Jr. VIP Premium Member

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    Dropshipping is a very competitive field.. it's all about quantity. You need to research about this topic before you jump in, or you will fail. Research, Learn... gain Knowledge.
     
  3. leonidt

    leonidt Regular Member

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    This. Why would anybody help their own competition? The pros that do this for a living had to learn through trial and error. Most that try, fail, because they run out of patience, money, or both.

    Just to not completely discourage you, here's some personal advice and rules I follow that have, so far, done well for me.

    If it sounds too good to be true, someone is trying to fuck you. This has been said over and over, and still every day greed gets the best of people. Sometimes you hear "If its too good to be true, it probably is". That word probably is what fucks people up, they think "well there's a chance...". No, there's no chance. Either walk away, or get the vaseline out.

    Don't let your desire override your intuition. Another way to say this is; don't confuse what you want to happen, with what you know might happen. Before you slip into the dream of all the things you could do with the truckloads of money somebody promised you, slow down, examine all angles, do your research.

    If someone is helping you, ask yourself why. As I said above, why would anyone help their own competition?

    Never make business decisions when tired or intoxicated. Not a big problem in the physical business world (if you show up to work fucked up, you won't have that job for long), but when you work from home, some potential of this happening.

    If someone will only communicate through PMs, off-site email, or worse yet, Skype only, ask yourself why can't they say what they have to say in front of everyone?

    That's all I can think of for now. Good luck, you'll need it.
     
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  4. mungus

    mungus Regular Member

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    "Never make business decisions when tired or intoxicated. Not a big problem in the physical business world (if you show up to work fucked up, you won't have that job for long), but when you work from home, some potential of this happening."

    Seemingly obvious yet very potent piece of advice, I've found this is definately a biggie when working from home and I'm talking about small amounts, a couple of glasses of wine is all it takes for me to make a silly decision so take this on board!
     
  5. joshXlost

    joshXlost Newbie

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    thank you for all that, any advice is good for me. but as for competition im not looking to make a living off of this or start a huge ebay store im just looking to make a few extra dollars a week selling stuff to ppl around college and then the extras on ebay.

    the questions i would like to know though are what are some good sites i looked into dealextreme and it seems too look good, but i wanted more advice on if its a good choice or if i could easily get ripped off.

    im not looking for anyones secrets to make a lot of money just small things i need to know to get myself started.
     
  6. leonidt

    leonidt Regular Member

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    I buy from dealextreme sometimes. Rank your search results by popular rating so you see whats hot, read ALL of the reviews, sometimes one person will mention something about the product that others won't. Order around 5-10 samples at first. Don't just order one, you want to see if there are any variations in the product, don't order more in case you aren't happy with what you get.

    Don't use paypal or a virtual card to pay. Use your actual bank card, so if all else fails, you can always dispute the charges with your bank, your bank will usually take your side over some guy in China. I have a dedicated bank account just for business, I keep a dollar on it, and when I need to make a purchase I put just enough money on there to fund that purchase. This way if your bank details are compromised, you lose little.
     
  7. joshXlost

    joshXlost Newbie

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    now its illegal to sell there correct? but what if you sell it stating its just a look a like is that still illegal? and can you get in trouble for even buying from deal extreme
     
  8. joshXlost

    joshXlost Newbie

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    and are some of the things on there real? how do you teal what items on dealextreme are fake or not. i was thinking about buy pocket knifes and reselling them, what are the chances of those getting said to be replicates
     
  9. fly_bo1

    fly_bo1 Newbie

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    Look at the ratings of the sellers before you buy anything from them
     
  10. TekniskM

    TekniskM Newbie

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    Did you ever get an answer to your question?
    I'm curious about the same.

    Is it ok to sell look alike products and tell the customer that it is?
     
  11. joshXlost

    joshXlost Newbie

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    nopeeeee no ones really answering anything haha