Ebay is the world’s biggest online auction place and has millions of people all over the world that you can sell to.
It is possible to start selling on ebay with little or even no start up cash. You can quite easily start off your Ebay business by selling items from around your home. Most people will have some items around the home that they have no use for anymore and as they say, one man’s trash is another man’s treasure.
Selling items around your home can earn you enough cash to start investing in your business. Once you have made a little money, but not quite enough for any big investments, you can do some shopping at garage sales or second hand shops. You will be amazed at some of the bargains that you can pick up second hand that will sell very well on Ebay.
Children’s items sell particularly well and in particular baby goods that are still in good condition and also brand name toys such as Thomas The Tank Engine toys.
The other way to start selling on Ebay without any start up cash is to use dropshipping. This is when you sell items on behalf of the supplier. You list the item for sale on Ebay, and once you sell the item and have received payment from your customer, you then place the order with the supplier. You send the supplier their cost price for the item and they will ship the item directly to your customer.
So at no stage do you actually handle the products, it will be sent straight to your customer so there is no need for you to have to worry about keeping stocks of items.
The main advantage of dropshipping is that you do not need to send the supplier payment until you have received the payment from your customer, so you don’t need any investment capital. The other advantage is that you don’t need to worry about storing stock and possibly even purchasing stock and then being unable to sell it.
The disadvantage of dropshipping is that you always need to keep in touch with your supplier to make sure they have good quantities of the products you are selling in stock. You don’t want to list an item only to find out your supplier has none in stock. You also need to keep yourself up to date with your suppliers pricing, otherwise if your supplier increases their prices and you are listing items at the old prices, you will end up making a loss on the product.
Whether you prefer to use dropshipping or to purchase your stock up front, always make sure you investigate your supplier well before placing any orders and sending any money.
There are many fraudulent wholesalers so always check the credibility of your wholesaler and find out as much information as you can about them. Always send your payments through a secure method of payment that can be traced and returned to you should your supplier turn out to be fraudulent.
It can take some time to find a good supplier and it may also pay to join a wholesaler membership site such as salehoo. As a member of a respectable wholesaler site you are much more assured that the suppliers they recommend are legitimate suppliers.
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