Tips On Creating A Dropshipping Business

31. July 2009UncategorizedSteven0 comments

This is going to be a series of 10 tips, but for starters I’ll give you guys two tips.

Get legal, or you’ll get cheated.
You need to find wholesale suppliers that will sell at cheap prices, so you can make a profit. You NEED to form a legal business if you are serious about this. You need a sales tax ID in order to buy from real wholesale suppliers. You will find a lot of scams out there that make it seem easy. They will claim that they are wholesalers, but don’t require a tax ID. When there is no Tax ID, this is how you know they are simply a middleman that is knocking up the prices. This is how they make money, not you. It is actually very easy to start a REAL business, and doesnt take long.
Many Wholesalers Won’t Work with online sellers.
A lot of people that sell online are under the false impression that vendors need them to make the sales. Real wholesalers (not the scammers), have many good reasons to avoid working with online sellers. Real wholesalers spend most of there time simply dealing with large account. It takes some effort to set up an account with a small retailer, and more retailers end up failing because they lack education. The sales reps at wholesale companies work for commission so you may not necessarily be worth their time and effort. Also, a lot of product manufacturers don’t even want their products sold online.

1.] Get legal, or you’ll get cheated.

tips on starting dropshipping business

You need to find wholesale suppliers that will sell at cheap prices, so you can make a profit. You NEED to form a legal business if you are serious about this. You need a sales tax ID in order to buy from real wholesale suppliers. You will find a lot of scams out there that make it seem easy. They will claim that they are wholesalers, but don’t require a tax ID. When there is no Tax ID, this is how you know they are simply a middleman that is knocking up the prices. This is how they make money, not you. It is actually very easy to start a REAL business, and doesnt take long.
2.] Many Wholesalers Won’t Work with online sellers.
A lot of people that sell online are under the false impression that vendors need them to make the sales. Real wholesalers (not the scammers), have many good reasons to avoid working with online sellers. Real wholesalers spend most of there time simply dealing with large account. It takes some effort to set up an account with a small retailer, and more retailers end up failing because they lack education. The sales reps at wholesale companies work for commission so you may not necessarily be worth their time and effort. Also, a lot of product manufacturers don’t even want their products sold online.

For some tips on how to get started on the right foot check out Dropship At Home Business

Novelty Dropshippers – Selling Small Items A Good Idea?

14. July 2009Items Not To SellSteven1 comment

Thanks for visiting my blog! This is my first official post so allow me to introduce myself to anyone who does not know.

My name is Steven Rictor and I am the owner of Dropshipincome.net.

My goal here is to provide new eCommerce entrepreneurs with a cool resource for learning. So far I’ve gotten some good feedback, and someone wanted to know if selling novelties was a good idea.

In my personal opinion, stay away from items below $30. The reason for this is, you can sell 50 10 dollar items, or 1

200 dollar item, and make the same amont of profit. But guess what? It takes 1/50th of the time to sell one item.

Common sense right?

So I’d suggest steering clear of items under $30.

If you are just getting started with dropshipping and you haven’t checked out my main page, look at the resorces I have for eBay Dropshippers and let me know what you think.

Also make sure you subscribe to the eLetter if you haven’t already. I give away tons of free tips!

Talk to you soon,
Steve