Selling anything online through a wholesaler is one of the easiest and most profitable ways to make money online today. The main thing to worry about if you want to do something like this; you are picking up your dropshipper or your wholesaler. Now there are really two ways to do this. You can buy products directly from a store that offers wholesale prices, store the products at home or in a warehouse, and sell them on sites like eBay. Or you could do what millions of people do and join a full-service dropshipper like Salehoo, Shopster, or Doba, pay a membership fee, and sell products to people through auction sites without having to stock the products yourself. A lot of people choose to do the second option because they don’t want to have to deal with warehousing and shipping the product and when you use sites like Salehoo or Doba you can count on not only finding quality products but you can also count on them to ship the items for you. and store the items too. If you end up making this a real business, you want to be known for quality products.
Obviously, you want to choose a wholesaler that has high-quality products, a wide variety of products, but also someone who has good reviews among their members. The best way to find reviews for sites like Doba and Salehoo is to simply search online. One thing you have to remember; there will always be bad things and always good things regarding websites and programs. Your job is not to find the perfect one (because they don’t exist). Your job is to find the best one for you at a price you can afford.
For example, with World Wide Brands, membership is quite expensive, around $300. But they are supposed to have a wide variety of products and all the dropship wholesalers they use are checked for background information so YOU can be sure you will buy products from people who will actually give you the products and not just take your money and run! The last thing you want to do is buy a stock of DVD players, pay $500, and then make the person or company run with your money, right? It’s better to prevent than to cure! And yes, this does happen if you’re not careful!
Another thing you’ll want to check (if possible) is the actual prices. If you can buy 100 Apple laptops at site A for $800 and you can buy 100 Apple laptops at site B for $750, that $50 less really makes a difference! Also, be sure to check out shipping prices. Some sites will give you deals or allow you to have free shipping! While other sites charge you almost the same for stock for shipping. This means you could end up paying $500 for the products and then $400 for shipping and handling! To me that is outrageous!
And finally; take a look at your competitors. If you plan to sell on eBay or anywhere else, make sure there aren’t 500,000,000 other people selling the exact same thing you are. And if you find a really good deal and want to take a chance on selling something that a LOT of other people are also selling, check their prices. If they’re offering Bose home audio systems for $350, drop your prices a bit, even $50 makes a world of difference to consumers, trust me!
In the end, it’s all about common sense and trusting your gut, if something doesn’t seem right, it probably isn’t. And if you join a full-selling dropshipper, you can expect to pay a membership of some kind, whether it’s a one-time fee or a monthly fee. But if it’s a good company and you make a profit, what’s a few bucks? Remember to have fun. This is business, of course, but it’s also important that you don’t take things TOO seriously and revel in your success.