You and Wholesale Drop Shipping
You and Wholesale Drop Shipping
A Comprehensive Guide
Wholesale Drop Shipping; what kind of an animal is it and what does it eat during the winter, right?
Hang on, we're about to shed some light on what exactly wholesale drop shipping is, its benefits and how you can get started for pennies on the dollar!
Hopefully in the end you'll have learned something and you can decide if the Wholesale Drop-shipping way of doing business is for you.
Alright, so Wholesale Drop Shipping is not an animal, and it doesn't eat anything in the winter, except maybe your money if you're not careful and you don't read this article ;).
So what exactly is Drop Shipping?
Drop-shipping is when another company sells you merchandise at discounted prices for you to turn around and re-sell to your own customers. As soon as you receive an order from one of your customers, the distributor then ships the ordered item(s) directly to your customers so that you never have to come in contact with the merchandise.
Why waste your time with money making ideas that have not been time tested?
Let's face it, proper "tweaking" comes not from being lucky. Rather, it comes from hard-tested knowledge and experience -- two qualities that are in short supply these days when just about anyone can hang up their shingle and claim to be an "Internet business Expert." Drop Shipping has proven itself as a method that works.
Is there money to be made and is it for you?
Yes, you've heard a lot of things that sound good on paper (or in this case on screen ;) ) before, but by now you're probably saying "Wow, that's all fine and dandy, but now show me the money!"
So... Is there really money to be made? Well, does Winnie the Pooh like honey? Alright, enough with the corny remarks, let’s look at it together.
Let’s summarize the benefits.
-No need for warehousing, so you have no investment or capital tied-in huge stock of merchandise and the risks and costs associated with it.
-No need for order processing and shipping, potentially saving you a lot of time and money.
-Ability to obtain wholesale pricing without having to buy thousand of dollars worth of products.
-No need to worry about returns as returned merchandise are returned to the shipper of the merchandise, not you.
-Ability to offer more products to your customers without having to invest more capital. Since you have no inventory to hold, the cost to offer 10 products or 10,000 is virtually the same.
-More time to focus on growing your business. Since you save so much time and money on the other aspects of your business, you can take that money and time and invest it in growing your business!
Now, let’s take a look at the inconveniences:
-Because shipping is not taken care of by you or your company, you might feel a bit useless in the process and may not feel comfortable having another company shipping to your customers that are so precious to you. You might feel that they can't possibly put the care and attention in it that you would.
-If you were handling the warehousing/shipping aspect of your business you might be able to sell package deals for certain items.
-You don't have control over the shipping and handling costs.
With thousands of products available for drop shipping, there is certainly money to be made. How much depends, like anything else, on the time and effort the individual or business is ready to put in.
SCAM Watch !
If you've already been checking around for various drop shipping resources and contacts on the web, you have certainly been impressed by the number of various "Lists" or "Opportunities".
We've bought all of the lists we've come across and tested every opportunity just the same. Here are some things we noticed along the way that could help you decide who to do business with.
-There are a lot of lists out there; you can find some for $10.00, some for $60.00 or more. Most of these lists contain alot of the same companies. What you want to look for is a list that is being updated regularly and some kind of rating system in place for the companies, so you can judge the company somewhat by the rating given by others.
-Some companies will try to "label" ALL the other companies as "Scams" except for theirs as the ultimate list or program. Be careful of such companies, they are most likely trying to sell you a list that is as good as anyone else’s but have to put others down to make theirs look better.
-Some companies will offer you e-commerce system along with their program, but their e-commerce systems are un-flexible and you are limited to selling only their products and/or you can't change the appearance of the site. You want to look for a solid company that can provide you with a flexible solution with no hidden costs.
So there you have it, Wholesale Drop Shipping: something to look into if you're one of the thousands of individuals looking for a business opportunity that doesn't require you to mortgage your house to get started.