CHAPTER TWO ~ Making it Happen!
This step is much more interesting than the first. We are going to start shopping for products to sell for profit!
By using the Wholesale Sources contained in this package, you will be able to find sources for your products. Again, with the dropshippers, you don't need to buy the product before you sell it, but it costs a little more than buying in bulk. Some of the dropshippers charge a small fee for setting up an account with them, some do not. However, you may find a better selection at the ones who do. It's a great place to start your business, but as your capital increases, you may find yourself in search of quantity discounts from a wholesaler.
You may take a moment to browse around the wholesale sources, get a feel for what kinds of products you would like to sell. If there are any dropshippers or wholesalers that you would like to use who require you to open an account, let's take care of that now. If you are planning on making a purchase from a wholesaler, go ahead and take care of that now as well. The sooner you place your order, the sooner it will arrive.
Let's start filling your store!
This is where the action is; making your listings for your customer to see and making your items sell. We are going to learn the easiest and fastest way to make your auctions.
You can list your items on Ebay by using Ebay's standard listing form. The good news is that using it's free (other than Ebay's listing fees, of course).The problem is that it creates boring and generic ads. When you browse Ebay, it's quite obvious who does their listings this way. They do have some options however, that will allow you to make your auctions more attractive, but they do charge a fee for every listing.
Auction Tip:
If you are going to be listing many items or plan on doing a lot of business, auction software is something you should be considering. There are a few great programs that will make your selling on Ebay life MUCH simpler. Turbo Lister is available from Ebay and is free. They also have a couple of others though while they do charge a small fee, the pay-back is well worth the investment.
The following instructions will use the standard Ebay auction listing creator as
the reference. This will vary a little with users of auction management software
but the basics are the same.
Listing your auctions from wholesalers and dropshippers the easy way:
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Auction Tip: Don't be afraid to try some alternate categories. Test the waters a little, sometimes the "appropriate" category gets cluttered with the same or similar items and by changing to a different category your sales can increase dramatically. Don't get carried away though. For example, don't list a bicycle in computer monitors. Ebay frowns on this. |
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Auction Tip: If you were a buyer, and you were searching for this particular item, what would you type into a search box? These are the words you want in your title so that people searching for it will find it. For Example: Levi/Levis 550 blue jeans/pants size 31/32 Your listing would show up in a search for "Levi jeans" as well as "Levis pants" etc. Also, when you have the room, use power words like: RARE, LIMITED EDITION, UNIQUE, ONE-OF-A-KIND, BEAUTIFUL, GREAT, UNBELIEVABLE, STUNNING, AWESOME, NEW We like to start or break up our title with ~ these ~ whenever we have extra room. For Example: RARE SPRINGSTEEN GUITAR-AWESOME! When your potential buyer is scrolling down a list of hundreds of items, anything that will set yours apart from the rest helps draw their eye to your ad. We suggest that you do not use all caps, they are much harder to read when you are skimming over something. |
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Auction Tip: Use of HTML is allowed in the description so if you have knowledge of HTML, have fun! This is where auction management software really shines because it helps people with no knowledge of HTML to easily design beautiful ads. |
You are now the proud owner of a great store full of new, quality items! Search engines like Google use a computer called a "Robot" that "Spiders" the web looking at web pages and then indexes them to appear in their searches. It can take up to 2-3 months for the robot to find your Ebay Store, so remember, business is only going to get better.
Now comes the tricky part. You need to list auctions in order to drive traffic to your Ebay store. Listing auctions costs a little more money than the store listings and they are only run for 3-10 days. They are needed however, because this is how people will find you and your great new store. We suggest you start by listing 10-20 of the items that you feel are most likely to sell. It's no fun to spend your profit on listing fees, however just because an item doesn't sell the first time you list it, don't decide to never list it again. If you sell an item once every 2-3 times you list it, you are doing great. Try changing the category or the title on an item that isn't selling as well as you think it should, sometimes this makes a world of difference. Once you find the items that are selling, continue adding more items to auction. The items that are not selling too well, just leave them in your store. After all, it is only costing you $.02 a month. Even if you only sell one every three months, you're still making a profit on it and the work has already been done anyway. Listing items in an auction is done the same way as listing in your store except you choose "Sell item at online Auction" or "Sell at a Fixed Price" instead of "Sell in Store Inventory".
When you get your store running smoothly and your auctions are all set up and doing well, you can open a new account and a new store targeting a different line of products. Because of how easy it is to run a dropshipping Ebay Store, you can easily handle 2-3 stores. So when your ready, just start back over at Chapter One.
Congratulations, you are now on your way to independent freedom!
We'd love to hear from you with any feedback or questions you may have. Do you know of something we missed and should be added to this guide? You may contact the author directly here.
Good luck on your endeavors!