READ TIME: 90 seconds
Are you asking yourself “how to make money with dropshipping”? Dropshipping is still profitable in 2020. Actually dropshipping is a good idea.
Online trading is one of the most popular areas of making money in the web. This method is very diverse, and everyone can choose a product for sale to their liking.
Today there are a huge number of online trading platforms. One of these sites is ebay. Many people are interested in how to make money on ebay? It is quite easy to make a profitable dropshipping business if certain rules are followed.
1. It will be easier for you to make money on eBay if you sell products with which you are familiar. This is true because when you are good at something you know the characteristics and prices.
2. Control prices. Always compare the prices of the product you are selling. Moreover, be guided not only by the current prices, but also by the prices of goods already sold. This will allow you to get a full picture and calculate the most profitable profit.
3. Work with a quality product. Of course dropshipping is always a risk because you cannot see the product, you cannot check it. We at Easync do not recommend cooperating with third party sellers at Amazon.
4. Consider shipping costs when calculating profit margins. Use eBay profit calculator.
5. Choose high quality photos for your products. It is important for buyers to know what they are buying.
6. You will find out how profitable dropshipping is, when your prices are set correctly. Set the repricing parameters so that your prices are the same or slightly lower than those of competitors. Those few dollars can make a difference when a buyer is deciding which seller to go with.
7. Think over the payment policy. This is an important point for buyers. A well-established payment policy makes it possible to attract a large number of buyers.
8. The name of your eBay store should be light and memorable. Perhaps you should come up with a thematic name based on the type of product you are selling.
9. Maintain customer feedback. Many buyers choose eBay precisely because of the ability to communicate freely with sellers.
10. Do not be limited to a specific set of products sold. Explore the market constantly looking for interesting new products. to make money on eBay you need to be in trend. Easync has a feature “Hot items”. We analyze the sellings and find the most profitable dropshipping products for your eBay store.
So as you see you can get rich with dropshipping. Make sure you take steps to find an item that you can profit from. Then create a great listing, tell buyers your policy, and try to get 100% satisfaction to get repeat customers.
A big part of making money on eBay is listing thousands of listings. You won't be able to make a lot of money with 200 or 300 listings up. There just aren't enough people looking for so few items.
There are now 2 great methods on making great profits on eBay.
- The first method is easier to explain; this method is by using our hot items listing tool. Here's an 💥 article about Hot Items 💥
- The second method is by having many more listings and having high margins.
Here's an article about this method.
You should have a goal to get to an anchor store, and list those 10,000 listings that are included with the store. You get benefits like speaking to US based support (if this is important to you) and you also get 48 hours to fix VeRO items so you can avoid suspensions. Here is an article about that if you want to read about it.
If you are just starting out this won't be an issue until you get around 4,000 listings. 4k+ is when most people get their first VeRo.
Now you just need to find out what to list. Click here to learn how to source.