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Many people love to run a business but simply give up the idea due to capital formation problems. But there are few ways to get around this problem. Ever heard of Drop shipping? If not, it is high time you start learning it.

I found about drop shipping when I ordered a wristwatch from ebay. The seller was from USA but my parcel arrived from Hong Kong. I was curious enough to do a little research on this and I found out that most of the ebay power sellers are actually drop shippers. And they are cashing in millions thanks to this concept. Good thing is, there is no rocket science here. An average guy like you and me can very easily get in to the system and raking it in.

What’s the story here ?

If done correctly wholesale drop shipping can be a very luxurious business opportunity. What happens here is, when some one orders something from you; you contact the whole seller and give the order to him. The customer pays money to you and your seller directly ship goods to your customer. You pay the wholesale price to your seller. The difference in these prices is your profit.

This way, you do not need to have any physical stock with you. Remember, you can do this both off line and online. But if you are planning to do this off line you need to purchase samples in order to show to your potential customers. Drop shipping solves one of our biggest problem of finding capital.

Beware of scams.

Although this business sounds very luxurious, this is possible only if you have a good whole seller who is willing to do drop shipping for you. If you are planning to do this online you must make sure that your seller is not a con artist. To tell you the truth 90% of the online whole sellers do not have any stock with them. So you must select your sellers carefully.

Many people are selling drop shippers lists these days. Do not buy them. If I have a good whole seller I can make more than enough money from him not to sell out his details. I would rather keep his details to my self. These lists gives names of companies which drop ships and many of them could be the same company in different names or just an individual with a phone without any actual product with them.

If you find your seller online, it is always better to visit him. Or have someone check on them. There are lot of firms which does back ground checks on other companies for a small fee. I know this can be costly. But by doing this, you can start your marketing activities without any doubts.

If your seller scams you, eventually you will become a scammer from your customer’s perspective. And that is not pretty. That is why I insist you to chose your sellers carefully. ( Do not worry, There are plenty of good whole sellers. Otherwise there won’t be an ebay.)

How to find a whole seller for you to drop ship?

You can find many good whole sellers who are not new to drop shipping at alibaba and at worldwidebrands. Read this article to figure out how to not get scammed by whole sellers.

One of the best ways to find out whole sellers is to do a search off line. If you can approach them and present your idea, there is a high chance that they will agree to do the dirty work for you. After all, it brings more sales to them.

However it may not be easy as finding a whole seller online, but it has more benefits and it is much more secure.

What you should sell in order to cash in ?

If you are planning to make a fortune from drop shipping keep this simple factor in your mind. Sell high end niche products with a profit margin that leaves you plenty of room to advertise! This way you do not have to worry about advertising cost. ( PPC is the best. ) If you are selling a product for $15 and it costs you $5 to get a customer, there is not much in it.

But if you are selling something for $400 and your profit margin is $100 then there is plenty of room for you to advertise. Even if you spend $25 to get that new customer, so what, you’ve still made $70.00!

Go high end niche and cash in. After all, you’re drop shipping and there is no need to carry any inventory, so go for the gold! Plasma TV’s , LCD’s, snowboards, high end phones are few examples that comes to my mind.

Let’s make some money.

Now you have a very clear understanding about how drop shipping works. Now the matter is getting customers for you to sell your products. You can proceed with the traditional way of making a web site and driving traffic through PPC. It will work; there is no doubt about it. But there are much easier ways of doing this.

You can practice this method on world’s largest online market place, “ebay”. As I said earlier, most of the ebay power sellers are actually drop shippers.

I have run few successful campaigns with ebay and drop shipped N95’s when the market was big for Nokia N95. This was back in June- September last year. I had a supplier in Singapore who supplied N 95’s @ $580 for me. Back then the retail price on ebay was $ 700-$850.

The above image you see is a picture I used in my ebay listings. I had few phones with me as samples because most buyers need some photo proof before placing an order.

I had a nice run till they introduced the N95 8GB. My supplier could not extend his deal with Nokia and our relationship ended unfortunately.

And the other great place to sell your products is “alibaba.com”. I love their market place. When you post a sales lead it is almost guaranteed that you will have at least few inquires within the few hours. And you can always reply to buyer leads and find new customers. They have a great system and the house where I am living at the moment was bought from the money I earned from alibaba.

Ebay gives you one sale at a time. Alibaba gives you $10,000 worth sales at a time. I was drop shipping Nokia N95’s and E90’s to Australia, Germany, USA, UAE and UK. And 50% of my assets in fixed deposits also come from alibaba sales.

Do your self a favor and join this great market place. It is totally Free to join and to do business. Once you are a member, download the “trade manager”. It is a chatting software like msn messenger but the difference is all your contacts are wholesale buyers and sellers.

Build your profile with correct information and post few sales leads with accurate and complete details. If you do everything right you can expect buyers to contact you within few hours. And remember, you can use the same method to find suppliers for you too.

I have given all the information you need without holding anything back. If I have not revealed anything here, that would be my current supplier’s details for gaming consoles. And I am not going to trade that information for anything.

I hope you would appreciate my effort of writing this post. You can share your thoughts in the comments section and if you like the post please give it a thumbs up. That is the best thing I am expecting from you.

Do not forget to read,
How to not get scammed from alibaba sellers.
This is too much work for you? The easy money is at Forex.

I have seen lot of money making gurus posting screen shots of their adsense accounts, click bank accounts, paypal accounts…etc to prove that they are actually making money and to pre sell the customer by giving them some false sense of credibility.

Reality is, more than half of these guru’s are still trying to make a buck online and have never saw an adsense check for real.

So how they do this? They don’t even have to open photoshop.
Just replace the URL of the website you want to edit with the following,

“javascript:document.body.contentEditable=’true’; document.designMode=’on’; voi”

And edit it just like you own the site :-) Recently I found a thread at digital point forum where one guy was claiming that he makes over $300 a day from adsense. People were asking questions from him like there is no tomorrow. Hoping that they also can start earning like he does. After 2-3 pages the real reason for him to start that particular thread came out. Yeah, you guess it right. An EBOOK. With all his secrets priced at $10. If I am earning $300 a day I will not bother to sell a crappy ebook for $10.

But when carefully examining his screen shot we could see the java code in the URL field. This idiot is so stupid that he forgot to delete the code and take the screen shot. He could have sold at least few copies if he acted little bit smart.

Why am I writing this post? To teach you an easy way to scam people? No, Next time when you see something like this, don’t start worshiping the guy. Look for other credentials rather than the screen shots which are very easily editable. Anyway I don’t see a necessary for anyone to buy e-books. As far as I know, if we spend some quality time on Google we can get all the information on anything for absolutely FREE.

And a reminder again, Do not use this to trick people. That would be evil. When talking about evil, the first thing coming to my mind is Mr John Chow. See How I edited johnchow’s latest post using this java code. Proving again that you cannot judge anything just by looking at it.

Have fun guys. Send a screen shot of your latest adsense account with daily earnings over $1000 to your mom, boss, friends or to anyone you wish. STRICTLY FOR FUN ONLY.

By the way I would love to increase my Feed count. Have a look around the site and if you like what you are seeing, Do join my Feed here and get the latest updates to your Email.

Do not forget to read,