I was never really interested in Dropshipping, I started working with it because I needed to make some money for my future niche projects.
I will explain it in a few easy steps so even a real newbie will be able to understand it.
What is Dropshipping?
Ok, it’s really simple, and I will show you one great example:
So there is a new iPhone 12 coming out and it’s selling like crazy, and you want to profit from this too right? But you don’t know how to do it.
You can’t sell phones because you can’t get enough of them, because of the high price (you need like $20 000 in order to buy 10 iPhones).
What should I sell in order to make some money from this new iPhone?
90% of iPhone buyers are looking to buy iPhone Case because the phone is expensive and they don’t want to break it.
Now go to some cheap Gadgets websites, like Aliexpress, and find the latest iPhone cases. The price will be something like $1-3 per piece.
Ok, I found cheap cases, what now?
So, you will now go to eBay, create an account, and you will list these cases on eBay.
You will put $5 – $8 price per case, so you could profit $4-5 per item.
How much can I profit from my sales?
Here is one website that can help you calculate it: Final Fee Calculator.
Go to the website, enter your Sold price, Shipping fees, Item cost… and the website will calculate your profit.
Where to find cheap items?
I will list 3 websites with cool cheap Gadgets.
The first one is Aliexpress.com – Visit the site here
Aliexpress is the most popular supplier website. 99% of their sellers are from China and they have amazing prices.
Most of their items come with free shipping worldwide.
The second one is Amazon.com – Visit the site here
Amazon is the best website to buy and sell items.
It’s perfectly safe for buyers and you can get fast free shipping and you can find only high-quality items there.
You maybe think that this is not the best website for this purpose because it might be too expensive, but there are more than 300 gadgets on their “Daily deals” each day, with 20-70% off.
But there is only one problem, when you dropship from Amazon you can dropship to the US only because most of these items can’t be shipped outside of the US.
But you can also put ‘US shipping only’ on your eBay listing and sell a bunch of them in the US.
The third website that I really like is FocalPrice – Visit the website here
This website is full of China electronics products. You will get free shipping on all their items, and you will get amazing prices too.
There are 60000+ electronics products to choose from, and you can make money selling most of them because they are so cheap.
I sold 400+ items from the Focalprice website, and my customers were really satisfied.
How to Dropship items?
Let’s say you go to Aliexpress and you find some great cheap product that you think is worth dropshipping, first thing you need to do is to download its product images from Aliexpress and copy its description.
Now go to eBay and create a new listing: “Today only” $3 High-quality Apple Mousepad”.
Add your price, upload product photos, paste the Aliexpress product description in your eBay product description and publish your item using the “BuyItNow” option.
How to set the right price for my item?
If you sell an item that costs $5 somewhere, sell it at $10-15.
If you are selling a $20 item sell it at $30, if you are selling a $50 item sell it for $75.
So by selling more expensive items, you will make more profit.
How to order an item from a supplier and send it to my buyer?
When you make a sale on eBay, you just take buyers info (address, name, and street address) and you go to your dropshipping supplier and order the same item and ship it to the buyers address from eBay.
That’s it, once your seller marks the item as shipped you mark it as shipped on eBay too.
And that’s the whole story behind this famous dropshipping method.
How much money can you make with DropShipping?
I started working on my Dropshipping business back in 2013 and I was selling 10 – 20 items per month, just for fun. I started selling some Chinese phones from Aliexpress, buying them for $60 and selling them for $100. It was crazy, I listed these phones on eBay, for fun, and I got my first sales notification email from eBay, my first item was sold.
I listed few more phones and sold 2 more during the next week, I made $100 in profit in the first month of dropshipping on eBay.
How much money do I make from eBay?
I used to sell more than 500 eBay items per month, back in 2015. I was making anywhere from $2300 – 3500 in profit, each month.
You can find an employee who will manage your eBay account, but for now, I would recommend you to start working by yourself for a few months, until you learn everything about eBay and until you find a great dropshipping supplier and a great product.