Everyone wants to make quick bucks and get rich overnight. Sounds like right out of a fairy tale. Selling online has become the easiest way to earn money.
Websites like eBay, Yahoo Shopping and many others allow individuals to conduct online auctions and buy and sell products online.
Majority of sellers on eBay comprise of homemakers, college going teenagers, and even people who work fulltime but sell their products during their spare time. All this effort is for getting rich overnight!
The Story Behind
Selling on EBay is getting more popular because the costs involved for setting up your store on EBay are almost negligible.
The initial setup cost for a basic auction is a nominal as 25 cents and includes description and one picture. However, eBay charges a percentage of the final bid price. That is very less for the seller and the seller can charge buyer for this by including it in the shipping and handling fee.
With increasing access to Internet and millions visiting eBay everyday, this becomes the choicest and cheapest way to sell the goods and make a healthy profit.
Drop Shipping- Sell Products without the Hassles.
Since sometime, the term ‘Drop shipping’ has become a popular method for selling goods on eBay.
This method allows the seller on eBay to sell goods without the need to have an inventory or the necessity to ship the goods. Many companies also allow the user to purchase their goods and then have them blind drop ship the product to the winning bidder.
The company uses the eBay seller’s name or company details as the return address to make it appear that the item actually came from them and not the true goods supplier.
The true supplier will however, handle the packaging, the shipping, and any return of items.
Drop shipping has gained popularity because in this method of selling on EBay and other auctions, you do not have to pay for the product upfront until the auction has closed and the buyer has paid.
One the buyer makes the payment, the order is sent to the drop shipper and they would complete the procedure including sending the tracking number for the shipment, which is then forwarded to the buyer.
This method ensures that you earn money and risks are minimized for the sellers.