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[Method] $750+ per month with eBay; no investment

Discussion in 'Ebay' started by Abstroose, May 22, 2011.

  1. Abstroose

    Abstroose Elite Member

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    I say this method is temporary, because I did this for about two months. It's against the site's TOS, so you can get away with it until they pick up on it, unless you can create a new, fake PayPal account every few months. I still managed to make about $1500 in those two months though, with no investment.

    The method involved dropshipping books using this site:

    Code:
    http://www.bookdepository.co.uk/
    Simply put, you list the books on eBay for a little more than the selling price. They offer free shipping worldwide, so when you sell a book on eBay, just copy and paste the customer details over to The Book Depository.

    To make this easier, you can sign up with an affiliate account. Once an affiliate, email them and ask for API account. If you know how to use it properly, you can produce links which will give you all the book details you need. I imported this in to Excel, and created a formula which took the selling price of the book, and calculated how much I would have to list it for on eBay to make £1.00 profit after eBay and PayPal fees, per book. Then it was just a matter of importing all the data in to Turbo Lister.

    On top of that, you can actually buy the books through your own affiliate account. So I was making £1 per book + 5%.. on average selling 15-20 books a day (I had about 150 listed, but about 1000 book details ready to be listed).

    Only thing you have to be careful of is when the books are out of stock (which happens rarely), or when the price changes.

    After two months I got an email stating that my account use will be monitored due to excessive use, since it's against the terms to sell books on to a third party. I tried everything to get around it, but only solution I could come up with is using VCCs, but it seemed too much hassle for me!
     
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  2. ContentCreation

    ContentCreation BANNED BANNED

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    Good, simple method which definitely works! Great share Abstroose!
     
  3. outsidethesquare

    outsidethesquare Regular Member

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    How did you handle it when the books were out of stock?
    When price changes is easy as you can simply take a small loss on one trade and then change the listing ASAP but when the book is out of stock seems like it would be a pretty significant problem...
     
  4. Raevinn

    Raevinn Regular Member

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    You could just refund the buyer their money and tell them that you're really sorry but the stock just ran out. People usually even give good feedback if your fast enough.
     
  5. jwzzrfl

    jwzzrfl Regular Member

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    thanks going to put a twist on it
     
  6. Dark Lord

    Dark Lord Junior Member

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    Did you have the book shipped directly to the customer or to you first, and then you shipped it to the customer? Taking up to 30 days to receive the book just from the supplier, I would tend to think you would have a lot of customers complaining to paypal for non-receipt of merchandise. Did you have any problems with this?
     
  7. Abstroose

    Abstroose Elite Member

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    The first couple of times this happened, I signed up my email to get notified when the book is back in stock, and luckily enough it was back in stock within a couple of days. I learned my lesson from this though when I waited a week, and by then it was too late to tell the customer I didn't have it, so I bought it from a local bookstore and sent it myself - would rather take £2 loss than negative feedback. After that, I just emailed customers to tell them I'm very sorry but I haven't updated my stock levels and have issued a refund. This didn't happen very frequently though.

    Books were shipped directly to the customer. The only issue I had, was in the last week of selling books, when there was problems with international postage which caused huge delays to Australia. However, even then, in two months I only ever had two or three messages asking when they will receive their book. I had a LOT of feedback claiming that delivery was extremely fast, product was perfect etc.
     
  8. Dark Lord

    Dark Lord Junior Member

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    So if you had the book shipped directly to the customer, I assume the order form let you specify the shipping address for each book. It would be very easy of course for the supplier to see that you were selling books to other customers. Am I missing something here?

    And since they let you ship all these books to different people and different addresses, I would tend to think they were looking the other way and would probably not stop you, cause you were selling books for them. Seems stupid to me for them to make that against their TOS, since they are getting the price they want for the books... although I do see they have an affiliate program...
     
  9. Dn100

    Dn100 Regular Member

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    Only pitfall I can see with this, is adhereing to local country regulations on online selling.

    In the UK we have a regulation called the Distance Selling Regulations, providing every consumer their right to return pretty much any item (unless custom made, and some other small exceptions), within 7 days of receipt, for a full refund including postage costs. You are not allowed to charge re-stocking fee's.

    I'm unsure if other countries have the same, however if you sold a book and the client wanted to return it, you could find yourself out of pocket, as they would need to return to you, then you would have to return to the company, within the returns period. Plus you got postage costs to consider aswell.

    Could try to do it with digital products too if there is something with enough demand which people would search ebay for.
     
  10. Dark Lord

    Dark Lord Junior Member

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    Does bookdepository provide any kind of tracking? If not, I could see problems with customers claiming non-receipt, and if you can't provide online tracking, then paypal will refund the customer, and they will still get the book... Probably won't happen that much though, booklover's love their books! Tracking is essential though, otherwise anyone could claim non-receipt without proof of delivery.
     
    Last edited: May 22, 2011
  11. premiumsource

    premiumsource Senior Member

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    Wasn't this exact method posted on here a week or two ago?
     
  12. fuskaren

    fuskaren Junior Member

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    Looks like a nice method, maybe I'll try it.
     
  13. kennnk

    kennnk Registered Member

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  14. djmonster

    djmonster Junior Member

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    I have a couple question tho
    1/do you have any trouble with Paypal by using this method ?
    I heard that paypal didnt like dropshipping at all and I read somewhere in this forum that they may hold your money if you do dropshipping
    2/ So when you order the book from bookdepository.co.uk, do you use the money from the Ebay buyer or you use your own money to pay for it ?
    Thank You
     
  15. Abstroose

    Abstroose Elite Member

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    I don't know. I'm not active on the eBay section, and I was using this method some time ago.
     
  16. Gorush

    Gorush Power Member

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    this method only works for a few weeks, since the seller also sees the logo and invoice of book depository - why should they buy from u again if they can get it cheaper!?

    but still nice method!
     
    Last edited: May 23, 2011
  17. etern1ty

    etern1ty Registered Member

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    good method but what happens when your 100 or even 1000+ listings dont sell? youll just get raped with listing and relisting fees

    maybe i should just start up an ecommerce store that lists all books via the API and SEO the sheet out of it. but then again amazon would be my biggest competitor. fail. :(
     
  18. kay0lix

    kay0lix Newbie

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    Same question.

    Also, you can sell more than 10+ books per month even if you got a new account?
     
  19. ViperVin

    ViperVin Regular Member

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    Another version of this method is drop shipping books from Amazon to your eBay buyer. This actually happened to me and I figured out the method.

    1) Get an Amazon Prime account (free for students if you have or can get a .edu email address)
    2) List books on eBay that you can drop ship from Amazon. Mark up the price 0.50c to a dollar. Use an eBay calculator to figure out how much profit you can make.
    3) Set your eBay shipping price at 4.99.
    4) Complete orders using the free shipping provided by Amazon.
    5) Collect your $$$

    Extra tip: what caught my eye on ebay was the seller said free upgraded 2 day shipping. 2 day shipping compared to media mail (5+ days) was an easy choice.
     
  20. kay0lix

    kay0lix Newbie

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    That's a pretty nice method.
    I'm about to try it but I've got some questions before:

    - How many books you sell per day and how many listing have you made?
    - Also, what are the books you listed? The best sellers (I guess there are a lot of people selling them) or the books that are not very known?
    - Can I sell more than 10 books per month if my account is new?
    - What's the listing price (with the buy now button) for a book?

    Thanks. :)