1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Watch Me start a Drop Shipping business

Discussion in 'Dropshipping & Wholesale Hookups' started by silntbob, May 28, 2012.

  1. silntbob

    silntbob Newbie

    Joined:
    May 28, 2012
    Messages:
    14
    Likes Received:
    0
    Hey everyone!

    Check it out,
    I currently am in some financial trouble to keep it short, left a job to follow a business venture that had failed. Now I don't think I can go back to working in a standard job/office environment.

    Drop shipping has intrigued me from the first time I heard about it.

    Since I no longer have a full time source of income I am in need of figuring out a way to make some cash.

    How would you all feel about watching/helping/advising me on starting a drop shipping business?

    I understand that this will take some time, a lot of hard work and some late nights.

    My basic skill set consists of the following
    • Software Development (Python/Django, PHP, SQL)
    • Web Design (Photoshop, HTML/CSS, Basic graphic designer)
    • Linux/Windows
    • Sound System Design for Concerts
    • Recording
    • Audiophile

    In my head I am wanting to drop ship quality audio products I am passionate about. (Its all about the WHY? isn't it)

    Where I need help currently is what bases I need to cover to get this thing off the ground...

    I figure my initial TODO is
    • Company Name
    • Tax ID
    • Research Tax Laws
    • Wholesaler
    • eBay Account
    • Paypal Account
    • Bank Account
    • Domain Name

    • Website with shopping cart

    Am I missing anything?
     
    Last edited: May 28, 2012
  2. Bostoncab

    Bostoncab Elite Member

    Joined:
    Dec 31, 2009
    Messages:
    2,255
    Likes Received:
    514
    Occupation:
    pain in the ass cabbie
    Location:
    Boston,Ma.
    Home Page:
    I`ll follow ya..
     
    • Thanks Thanks x 1
  3. silntbob

    silntbob Newbie

    Joined:
    May 28, 2012
    Messages:
    14
    Likes Received:
    0
    zb you have any experience in drop shipping?
     
  4. genosse

    genosse Junior Member

    Joined:
    Apr 3, 2011
    Messages:
    115
    Likes Received:
    76
    Occupation:
    Father, Freelance Writer and Web Developer
    Without any experience in the field, and without a big name on your head, you will have trouble finding legit (and reasonably priced) suppliers for most of your audiophile equipment.

    Many of these companies have been restricting the sales and pricing of their items more stringently over the last few years, making them a bit harder to sell and market.

    That being said, you do have an upper hand, being that you truly understand the products. However, I wouldn't limit yourself to that. Definitely try to find some nice audio products to market, but don't be afraid to step out of CE.

    In addition to eBay, you should also look into opening an Amazon store. Otherwise, you have your business essentials lined out above. Then you get to search for suppliers :)
     
  5. anon-o-mouse

    anon-o-mouse Newbie

    Joined:
    Apr 23, 2012
    Messages:
    22
    Likes Received:
    3
    Subscribed! I am starting the same journey. Below is a link to a very basic guide to starting a dropship company I found on Reddit.

    XZ5HW.jpg
     
    • Thanks Thanks x 1
  6. silntbob

    silntbob Newbie

    Joined:
    May 28, 2012
    Messages:
    14
    Likes Received:
    0
    That image is very very small for me...
     
  7. 75INZ

    75INZ Regular Member

    Joined:
    Jan 4, 2010
    Messages:
    424
    Likes Received:
    441
    Bit of an audiophile myself, though I'm more into headphones than anything else. What are you looking at drop shipping specifically, or are you just going to be doing all audio?
     
  8. conrad

    conrad Regular Member

    Joined:
    May 29, 2009
    Messages:
    266
    Likes Received:
    53
    Home Page:
    click it.
     
  9. silntbob

    silntbob Newbie

    Joined:
    May 28, 2012
    Messages:
    14
    Likes Received:
    0
    I was planning on starting with headphones. Then expanding into DJ stuff then into speakers(Danley/D&B). Hopefully growing into a big awesome company.

    I have a headphone company in mind, Ultrasone, they make some of the best head phones I have ever seen. But I have yet to listen to the Audio Technica M50's....

    Ultrasone Hifi 680's have the flattest frequency response and most phase coherent design I have seen in a headphone.

    I figure if I get a distributor agreement with them I will start marketing the hell out of them and see if I can make a splash in the market.

     
  10. silntbob

    silntbob Newbie

    Joined:
    May 28, 2012
    Messages:
    14
    Likes Received:
    0
    I did but its only 108x700px...

     
  11. marusia

    marusia Senior Member

    Joined:
    Oct 25, 2010
    Messages:
    1,122
    Likes Received:
    2,320
    As someone who's been there and done that, I can definitely tell you that finding the suppliers will be the biggest challenge. I'm not trying to discourage you, but it took me years to build my list in my niche. Also, it will take quite a bit of capital to start a venture like that.

    With that being said, I have a source I'm thinking maybe beneficial in finding suppliers I don't mind giving up. PM incoming. :)
     
  12. 75INZ

    75INZ Regular Member

    Joined:
    Jan 4, 2010
    Messages:
    424
    Likes Received:
    441
    Ahh nice. I'm an Audio Technica guy myself. Started with the ATH-AD900s then moved my way up to the ATH-W1000x and now I'm on the ATH-W3000ANVs. They're a fantastic maker of headphones, I love them. I have a lod of Sennheisers lying around the place too but I find them meh compared to Audio Technicas.

    Best of luck man, working with something you love is the best way to live.
     
  13. mrlawless

    mrlawless Newbie

    Joined:
    May 20, 2012
    Messages:
    30
    Likes Received:
    6
    Occupation:
    Chef
    Location:
    Texas
    be patient and market your company and products... and keep doing it ... and apply to build business credit and build credit ... unless u got $100.000 cash .. u should be fine ...:)
     
  14. silntbob

    silntbob Newbie

    Joined:
    May 28, 2012
    Messages:
    14
    Likes Received:
    0
    Thats one thing I really need to work on is the credit thing :) I do not have much cash sitting around xD

     
  15. genosse

    genosse Junior Member

    Joined:
    Apr 3, 2011
    Messages:
    115
    Likes Received:
    76
    Occupation:
    Father, Freelance Writer and Web Developer
    She said it well.

    I'm going to send a couple of CE suppliers your way via PM as well.
     
    • Thanks Thanks x 1
  16. secrethq1

    secrethq1 Junior Member

    Joined:
    Oct 19, 2009
    Messages:
    148
    Likes Received:
    17
    hi how is you dropshipping venture going, PM me your skype details!
     
  17. cryptexicebone

    cryptexicebone Regular Member

    Joined:
    Sep 9, 2012
    Messages:
    409
    Likes Received:
    78
    Occupation:
    Baller
    Location:
    los angeles, ca
    Good luck and let me know if you find any good suppliers :)
     
  18. stungun1

    stungun1 Newbie

    Joined:
    Dec 20, 2010
    Messages:
    30
    Likes Received:
    0
    Remember to promote yourself like any business

    1) have a blog with good content
    2) video marketing! explain the value of your products
    3) forum marketing! join relevent forums and spam the **** out of them (just kidding, instead, add valuable content, tutorials and answer questions)
    4) build a list from day one!
     
  19. hindsight46

    hindsight46 Registered Member

    Joined:
    Oct 7, 2011
    Messages:
    73
    Likes Received:
    11
    Location:
    Cali
    Hey Silntbob, I'm definitely interested in your progress. Finding a legitimate supplier that can ship products quickly seems like a hurdle but if you can jump it I think you'll be successful. Good luck.
     
  20. dropshipurns

    dropshipurns Newbie

    Joined:
    Oct 24, 2013
    Messages:
    1
    Likes Received:
    0
    Hi Friends,

    Thanks for your replies and suggestions. Good Luck to all.