A lot of people dream of starting their own business online, yet may be hesitant because they lack financial resources. Yet, with the introduction of online drop shipping, the doors of opportunity have opened for aspiring entrepreneurs. Today, let’s talk about how opening an account on eBay can help you start up your very own online dropshipping business.
Limited Budget – Getting Past The Roadblock
Dropshipping is a business partnership between a retailer and a wholesale supplier. In this arrangement, the wholesaler takes care of the stock or inventory along with the packaging and delivery of the products. Meanwhile, the retailer is in charge of marketing or selling the products (online or offline). When a customer places an order, the retailer contacts the wholesale supplier so that the goods can be shipped to the customer’s home as soon as possible.
In this arrangement, a retailer doesn’t need to invest a large sum of money on inventory or supplies. There is also no need to rent or build a storage space or an actual store to start a business. Hence, having a small budget doesn’t need to be a hindrance for starting a business. All the retailer needs is an online shop to start selling products to the market.
The most important thing about this arrangement is finding a reliable dropship wholesale supplier. Watch out for middlemen scammers who may disguise themselves as wholesalers when in fact, they are retailers just like you who are in direct contact with the real suppliers. Bear in mind that genuine dropshippers do not advertise in search engines. To avoid being scammed, you’ll need to use a dropship wholesale directory so you can start your search of potential dropshippers.
Why Open an eBay Seller Account
Once you’ve found your dropshipping partner, the next step to do is open your online store. For new entrepreneurs who are not familiar with internet marketing, you may consider setting up an online store with an existing business hosting site like eBay. eBay is a popular auction site where buyers and sellers meet online. There is also Amazon or yahoo stores to consider.
Opening an account with eBay is an easy step to establish a good reputation on the web. Of course, you’ll need to make sure that all your customer orders are delivered on time and that the products get to them in the best condition. You’ll want to guarantee that the products you’re selling are of high quality and not just cheap imitations of the original brand.
Remember, customers can easily post their reviews about your products and services and those reviews can make or break your reputation as a merchant.