How to Drop Ship.
First let’s explain what it is to drop ship. Basically retail arbitrage is the method of buy low, sell high. You can sell items on selling platforms such as eBay, Amazon, or Bonanza. These are online retail platforms that allow sellers to list an item for sale on their platform(website) for a cut of the sale. Each online retailer has a different % that they take from each sale.
So now we have these different online retailers that we can sell products on. So what it means to drop ship, is that you find popular selling items at an online store that is popular. You then go to whatever selling platform you are using (Amazon, eBay, Bonanza, etc) and list that item for sale at a higher price than your source. You then create a listing and title that is directed towards online customers that are searching for your item. Once your item sells on the selling platform you are using, you then go to your source where you found the item, purchase the item and have it shipped directly to the customer that purchased the item from you. So the difference from how much you charged the customer, and how much you had to spend to purchase the item goes right into your pocket.
The best part is that you didn’t purchase anything until someone purchased it from you, and you didn’t have to touch the item. No inventory. Sounds pretty crazy, but 3rd party sellers account for an insane amount of sales on these selling platforms. With the amount of online shoppers continuing to increase, the need for 3rd party sellers (drop shippers) will increase. You have to be very professional if you are going to be a drop shipper. You have to be organized and discipline. The concept is very easy to take the idea and put it into action. The amount of money you can make depends on how much work you are willing to put into it. If you work hard, and put up a bunch of listings, the more items you will have available for customers to purchase, in return the more money you can make. More listings = more money.
Once you get into drop shipping, it will turn you on to a world of different opportunities that you would have never thought of. The world of eCommerce is so big.
Hello there! My name is Oktay from Tokensboss editors. I introduce myself as a business graduate and writer. I have been doing research on cryptocurrencies and new business lines for over 2 years.