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Almost everyone is interested in making money the fastest and easiest way possible. One way to do that is on the Internet. There seems to be an endless number of ways to make a dollar on the Internet, but one of most effective ways to make more than just a dollar is by dropshipping. It’s a good way to get into the retail business without a solid store front, stocking inventory, having employees, conforming to rigid hours of operation and the expenses that go with them. Dropshippers make the business of dropshipping a simple but a very effective system of making money. Here’s how it works. You want to start an Internet business selling retail products on your website. You don’t have the space or the money to stock inventory or the tools you need to service the customers after they purchase a product from you, so you contact a dropshipper to help you do the things you’re unable to do.
A dropshipper is a drop ship wholesale supplier who will sell you a product at a wholesale price and send it directly to your customer after the customer pays you. You charge your customer a retail price and pay the dropshipper a wholesale price and the difference is your profit, less any expenses you might have incurred in the process. You never touch or see the product and your customer has no idea it came from a dropshipper. Dropshippers offer an assortment of products you can sell. You’re responsible for identifying the product you want to display on your webpage, you set a retail price for the product and market and advertise it through various Internet tools as well as word of mouth. The dropshipper does the rest. You can have one product or a hundred products, it all depends on you and your partner the dropshipper.
Finding a good dropshipper does take some research. There are a plethora of free to join affiliate program on the Internet and just like any other business there are some that aren’t really dropshippers; they’re called middlemen. The middleman is a business that gets between you and the real dropshipper and charges you an inflated price to make his money. The middleman is not a dropshipper, he’s the wolf in sheep’s clothing. The middleman costs you profit. You want to stay away from middlemen unless it’s a family member you want to support.
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They are other businesses on the Internet that advertise themselves as Dealer Networks who have millions of brand name products to offer you. They charge you a monthly fee for their services. That business usually turns out to be another middleman that is also costing you money. Then there are other businesses that claim to be dropshippers and want to charge you an outrageous monthly fee for directories and information that is useless and then they send you to another middleman. It’s best to avoid these drop ship access scam as well. A good dropshipper is all you need.
By doing some research you can find a legitimate dropshipper who will work directly with you and become a partner in your success. One of the things to look for in a dropshipper is whether they are factory-authorized wholesale suppliers for the product they are offering you. They get the best prices, delivery and service. Take the time to find this kind of dropshipper.
Here’s what legitimate dropshippers can do for you and not charge you for it, it’s already in the wholesale price.
- Dropshippers travel and attend wholesale trade shows and interact with manufacturers and other suppliers in the wholesale business and negotiate price and quantity and delivery schedules.
- Dropshippers contact new suppliers by phone and email. They work with companies that can service home based Internet businesses like yours.
- Dropshippers do market research and know which products are in demand or at going to be in demand and adjust their buying habits to meet those demands.
- Dropshippers find products that can be sold one item at a time through your website.
There are several different types of wholesale dropshippers. The light bulk dropshipper sells you products at bulk wholesale prices for minimum orders under $500. The large volume dropshipper sells products in larger quantities at better prices, but you have to buy your products in larger quantities. The liquidation Dropshipper sells brand name products below wholesale prices. You can supplement your regular business by using one of these products to promote and attract traffic to your website.
Good breakdown of dropshipping!
You’re right. The problem of middlemen is huge. I’ve seen prospective business owners who wanted to get involved with dropshippers hunt to particular products, but all they could find were other businesses that were already hooked up with that particular manufacturer.
Then they come across one that poses as the manufacturer and squeezes all the profits out of that reseller’s sales.
I’ve directed some manufacturers to legitimate dropship directories and gotten them in. And I’ve always been impressed with the lengths that the legitmate ones go to ensure that the manufacturer is indeed the manufacturer.
When I talk to new business owners, I lay out how to hunt for dropshippers on their own, but I always advise them to spend the money needed to ensure they have access to legitmate dropshippers and not just middlemen.
Comment by dropship basics — February 6, 2009 @ 7:32 pm |