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HUH? Drop SHIPPING?
The Real Facts About Drop Shipping
There are a number of people trying their hand at this method of making money online but before you do, it’s important that you know the real facts About Drop Shipping including the pros and cons.
Makes sense so far!
The first thing to understand About Drop Shipping is what this type of work actually is all about. To get involved in this you need to find a company or supplier that offers positions in drop shipping. DUH!
When you find one that you are pleased with, set up an account with that supplier so you can sell the products for them. Or be even smarter and have your INTERNET MARKETING TEAM set you up!
After your account is set up the company will give you various images and descriptions of these products you can use. When talking About Drop Shipping products with the supplier, you should ask whether or not there are limits to what you can sell.
Better safe than sorry right?
You have the choice of where to sell these items unless your agreement with the supplier says otherwise. You can sell on open online marketplaces, your own website, in your community, or any other area, as long as you are not misrepresenting yourself or the company.
SHAME ON YOU IF YOU ARE!
After you make a sale you collect money from your customer and send the proper payment to the supplier with the order. You keep the commission and the supplier sends the products. In such a way, you are not handling the merchandise but only selling it for a commission.
PRETTY SWEET DEAL DON’T YOU THINK?
The Sunshine On Drop Shipping
When you are learning About Drop Shippingyou’ll see this advantage pronto. Because you don’t have to carry inventory, it takes very little capitol or none at all in order to start work.
NO HUGE DOWNPAYMENT
NO SAVING UP FOR YEARS WHILE YOUR BUSINESS IDEA GETS DUSTY!
There are other types of selling jobs that require you to purchase the products prior to selling them. This would mean having to pay hundreds or even thousands of dollars just to start with the first order.
With this job you don’t have to pay anything to the supplier until your customer hands you the money – FANTASTIC! Wouldn’t you agree?
Of course this leads to another advantage About Drop Shipping which is widely discussed. Budgets are getting smaller these days plus there are a lot of businesses ideas that just don’t work. Drop shipping is perfect for people on a very low budget, plus they can see how the selling goes before they commit to anything.
In Other Words If You Have No Money – This Works GREAT!
Since the packing and shipping is taken care of by the supplier you don’t even have to be concerned about the time or expenses pertaining to this aspect either.
Another of the great advantages About Drop Shipping is that you don’t have to create any storage space. WHICH CAN LITERALLY KILL YOU IN THE BIG CITY!Whether you live in a spacious home or in a small studio apartment you can make money with this type of job.
Even if you like in a cardboard box you can make it work! Providing you’ve got the fancier model with electricity!
The Disadvantages of Drop Shipping
When you read About Drop Shipping, you also need to learn the disadvantages.
FAIR IS FAIR MY FRIEND!
Uncovering these is going to give you the concrete information you need to make a decision!
There is a certain lack of control that you may experience. You don’t get to see the items before they are shipped therefore you can’t inspect the quality. You also have no control over the timing in which it is shipped. The worst thing is that if something does go wrong and you are selling on an open marketplace, there is a chance for obtaining bad reviews. This is why you need to find out About Drop Shipping suppliers prior to signing up with them. You can learn more about their reputation this way.
If you are a certified control freak this just might not be for you.
Another disadvantage About Drop Shipping pertains to the competition. There are cases where drop shipping companies add a few dollars to the price of drop shipped items over the items they sell at wholesale. This means that a person who is selling the same product they bought at a wholesale price may be cheaper than yours.
OUCH – This can really hit you where it hurts!
The scenario of selling an item that is sold out with the supplier is not a great one but it can happen. When speaking About Drop Shipping, this typically happens if you make a sale and the supplier hasn’t get received their shipment. However, this is usually not a problem for reliable suppliers because they have adequate inventory management software.
Same as always. Work closely with your Website Development team and ensure you get all the research done to flush out any ghosts BEFORE you come to an agreement. Cover your tracks and this could work out to be a very lucrative adventure for you.
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Written by: Andrew Kelly