You have suddenly found the perfect business and you are all geared up to make lots of money. You have see the ads about Drop shipping and it sounds great.
Well of course it is great for some people! BUT will it be great for you?
Of course it will you think! Well think again it's not as easy as it sounds and don't be fooled into thinking you don't need money.
First of all you start your search for drop shippers, Wow there is loads. Go on click on one or two.
That's right you have a found a great drop shipper but first of all they want a joining fee, OK you join, now what! You find it is a list with loads of drop shippers you can use. This is even better, so you click on one or two, and lo and behold they want you to pay as well to sell their products!
Is it a wind up? No they really do, It might be just a few pounds or a lot of pounds. And then to make things worse some of them want holding fee to make sure you use their site. It could be £20 or £30 depending on which site you pick. They call it a trust.
OK you pay up again, but oh the disappointment when you see their sale products, Most of them are already advertised on Ebay and other auction sites, and when you check they are selling them at much cheaper prices than you could ever hope to do.
WOW again, you have found one that is really free to use, yes there are a few out there. BUT a slight drawback. They have a big warehouse, but evidently this warehouse only stocks one of each product or so it seems.
Ok you decide to have a go any way, perhaps you have chosen jewellery, so you go to Ebay and put a gorgeous gold ring on auction for five days. Great someone has made a bid, at the end of five days you find you have made a nice little profit. They pay up and off you go to warehouse to pay the cash so the ring will be drop shipped to the customer.
Oh dear they have run out of stock! not surprising when there was only one to start with. What do you tell your happy customer who thinks they have just got a bargain and they are eagerly waiting for it.
What a great start, your disgruntled customer leaves you negative feedback and wham that's a black mark on Ebay.
So back you go and read every thing you can if they have a forum. What is the advice that you find, Purchase first to be sure of the product then put it for sale. So much for starting your business without having to spend.
If you can afford to purchase it then go ahead, it is a risk like anything else, but when you see hundreds of the same or similar on the auction you just have to hope that yours is the chosen one that they bid on.
Its quite true that someone some where will bid on anything, so instead of spending £10 or £20 on a piece of jewellery or whatnot, take a tenner and go to your nearest pound shop and buy ten items, see what you make on them.
That is my advice, take it or leave it. I bet you make a profit.
Sylvia White Author and website owner of http://www.sylviawh.co.uk; http://www.u-want-money.com; http://www.geocities.com/sylviaworkathome
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