Cash in on your entrepreneurial nature either by sourcing products from China or importing products yourself from another country, is one means to earn money selling products on eBay. However, some are also popping up, like selling digital goods. The great part: selling on eBay takes little to no start-up capital. That’s a big plus for you!
There are plenty of products to choose from to sell on eBay – you’re sure to find at least a few that you would be interested in selling. One great option for you to make money from eBay is to source products locally. However, you have to keep in mind how much shipping cost the products from China would incur. If you can reduce or eliminate the shipping cost, you’ll be able to lower the price of the products and thus, make more profit.
For example, one great option for you to make money selling on eBay is to source products locally. How? First, find a wholesale supplier who offers these products. You can use SaleHoo’s wholesale directory to search for reputable suppliers. Once you have the list, compare the products available and see which one would best fit your online business model.
Most wholesale suppliers would have thousands of products to choose from. This gives you plenty of options to choose from. You have the freedom to pick and choose products that will work for your online store. If you’re a beginner, you can start with simple products like those with low shipping cost or those that require minimal packaging. Whichever you choose, you will get an idea how to manage your business once you’ve got it established.
Once you’ve sourced your products, it’s time to set up your online store. Your first move should be setting up a seller account. When you’ve done this, you will be given access to your wholesale supplier’s site. With this, you can view your orders, make payments and enter shipping information. From here, you can place orders for the products you want to sell. For sellers, this is where your next task will come in.
Since you’re dealing with a drop shipper, you don’t have to worry about holding the products physically. All you have to do is list the products on your website. You can also include the price for the products. If you decide to use drop shippers, you can give them the wholesale supplier’s address so they can send the products directly to your customers.
When customers place orders for the items you’re selling, they’ll pay with a credit card or PayPal account. With this, you’ll receive an invoice. With that, you’ll know how much to charge your customers for their items. Depending on your business structure, you can add more items or make changes to the prices as well. With this, you can easily make money by selling products from China.
You may think that it’s easy to sell wholesale merchandise from China, but there are some things that you need to consider before you start doing business online. First of all, you must establish a relationship with your wholesale supplier. You can do this through a wholesale distributor or by having joint ventures. Once you have these two, you can run your online store and easily make money. Good luck!
Now, the cost of shipping goods from China to your customer is one factor that you need to take into account. Since Chinese people love buying cheap and quality goods, you can be sure to sell them goods at low prices. With the right marketing strategy, you can also increase your selling prices, so your customers will come back for more. In order to do this, you should add value to what they can buy online. For instance, if there are freebies or other prizes for buying certain products, your costumers will want those goods because they can earn them in a limited time.
It is also important to know your wholesale supplier well. A good drop shipper knows how to package and ship your wholesale products to your customers at the best prices possible, plus he can do the shipping while keeping the price down. By finding a reliable drop shipper, you can easily sell high-quality items to your customers at reasonable prices.
After finding a reliable and legitimate wholesale drop shipper, you can now start selling your products. Your first step is to research your chosen drop shipper using reliable directories, like SaleHoo, in order to make sure that your chosen drop shipper has the proper business license and is registered with the government. Make sure that your chosen drop shipper is able to give you a list of the products that he offers. By doing this, you will also be able to compare prices and choose the most affordable ones in the market.
