It’s no surprise that you might have heard the term dropshipping several times. When this dropshipping has sought your attention, you might be wondering about what is dropshipping and how it is beneficial for you.
If your answer is yes! You have probably landed in the right place. This article will guide everything regarding dropshipping. Stick till the end and get to know about dropshipping.
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What is dropshipping?
Let’s keep things straightforward. Dropshipping is one of the popular e-commerce based business models. It enables business owners to start their own business online and sell products or services to their customers, with no need to worry about stocking the products themselves. Sounds amazing right? Yes! Let’s consider that whenever a dropshipping owner is selling a product, they will purchase that particular product from any third-party sources or other resources and ship it directly to the respective customer.
The amazing thing about dropshipping owners can start and run their business smoothly without maintaining or managing physical inventory. On the other hand, they don’t need to deal with a few things such as the fulfillment process, renting a space to store products, spending money on stocking physical inventory, etc.
Dropshipping can be the best option to generate better revenue for e-commerce business owners. Did you know, you can start a dropshipping business with low capital. Once you’ve analyzed that your business is running successfully, you can start scaling your business by allocating additional resources to brand building, promotions, advertising, etc.
Did you know there are over 171 million users around the world? eBay is a popular place to sell or buy products with ease. If you’re planning to start a dropshipping business, it’s advisable to start dropshipping on eBay.
Why dropship on eBay?
If you’re a newbie, it’s super fast. The platform will allow dropship sellers to create their auction and earn cash within less than a week. On the other hand, there is no need to spend your money on setting up a physical store or start selling products on your own. Importantly, reaching millions of customers can be the toughest part for starters. Thanks to eBay, you can connect with millions of customers without any hassles.
How many types of eBay sellers?
There are several sellers available on the eBay platform. Have a quick look at it and get an idea of who you would be contesting while using the eBay service.
First-time sellers – People who are ready to dip their toes for the first time on the eBay platform might be looking to sell pre-owned products.
Occasional seller – These types of eBay users will appear when they have certain items to sell. These items can be home products.
On-the-side seller – People who trade whenever they get time. These sellers will scale up only when they have seen potential growth in their business.
Dropshippers – This might be you! People who are looking to make great use of the eBay platform in order to sell drop shipped items.
Big-time sellers – These people can be well-known businesses that have a large audience base and an excellent product turnover. Big-time sellers are people who work around the clock on eBay business.
How to earn money dropshipping on eBay?
Have you found the supplier? Yes! It’s the right time to list the products and sell them on eBay. What is your next step, you need to improve your brand exposure to potential buyers. When you increase your brand awareness, you can easily stand unique from the competition, since there are thousands of niche competitors available in the marketplace.
Amazing ways to promote your list on eBay
Create a PayPal account
Getting a PayPal account is a must. eBay ensures both sellers and buyers are protected from unauthorized users. On the other hand, a PayPal account is a convenient and simple way for any customer to process their payments. Most eBay customers choose the sellers who are offering PayPal as their payment mode. It’s always beneficial to create a PayPal account that can expose listings to the customer which can filter the sellers who probably accept PayPal as a payment option.
List your products on eBay
It’s time to list all your products on the eBay platform. It’s very important to spend some time when you’re listing items. Many people just capture their products and upload them on eBay. Don’t ever do like that. Uploading professional and high-quality images of your products is important. You can get the images from the supplier’s website as well. Sometimes, you can capture images with a professional camera when you already have sample products. Don’t forget to write a detailed description of your product, this is another excellent way to optimize your eBay listing for better search visibility.
Always remember, you’re competing with remaining sellers in your niche, you should find better ways to make yourself stand unique from your competitors.
Price competitively
It’s important to keep in mind that you need to compare prices that are offered by remaining sellers who are selling the same products. Because many customers will sort the results through “low to high price”. When you offer a low price compared to your competitors, you can gain the attention of users’ search results. Another good way to check the pricing information is using the SaleHoo labs tool. With this tool, you can quickly find the accurate price and other additional information for a particular product.
Introduce free shipping
Who doesn’t get attracted to the term “FREE”? Of Course everybody. If you want to attract your potential customers, one of the best offers is FREE SHIPPING. According to a recent analysis, more than 90% of customers prefer to purchase the products from the seller who is providing free shipping. Few people will filter their search for Free Shipping products. As customers are more stressed out by paying their money on shipping. Sometimes, the shipping cost will be more when compared to the product’s actual cost. This happens! Therefore, offering free shipping will make your customers happy and ultimately you can earn more sales.
Create engaging titles and descriptions
Content is King! Pay attention while crafting your title and product description. Writing an eye-catching title and complete product description will encourage customers to purchase your product. Because attractive titles and product descriptions play an important role in earning money dropshipping on eBay.
Make sure all your titles are searchable. Spend some time writing good titles and descriptions. So, customers can easily search for products without any hassles. A good way to write your title and description can be spying on others. All you have to do is start entering your product into an eBay search and check the suggestions. Keep a close eye on their titles and descriptions. Since you will be adding relevant titles and descriptions. Stop using adjectives and also buzzwords in your titles.
Another good way to write creative titles and product descriptions are to visit Google AdWords. Yes, you’ve heard it right! Google AdWords will help you to get to know more about relevant keywords, phrases and more. Always remember, that there should not be any typo errors in the product title and description. Because, when there are mistakes in your content, your customers might find it difficult to find your products.
Become an eBay’s top-rated seller
On the eBay platform, top-rated sellers are highly recognized by customers around the world. If you want to become a top-rated seller on eBay, you need to offer best in class customer service to your customers on a regular basis. When you finally meet your criteria of providing the best customer service, you will receive a “Top Rated Plus” seal from eBay. Finally, you will also receive a 10% instant discount on your final value charges on your listing on eBay. With the badge, customers will trust you and recommend you as well.
You need to meet certain criteria to become a top-rated seller. If you’re customer-based in the U.S, you need to perform a minimum of 100 transactions. The sale’s worth must be more than $1000. Less than 0.3% of every transaction through both PayPal and eBay orders protection that conflicts closed without any seller resolution.
Wrapping up
Dropshipping is an extraordinary order fulfilment option, no need to keep products or items in stock. Dropshipper will purchase the product every time whenever a customer places an order. The customer order will be processed to third-party resources who will prepare the product and then ship the product to the customer directly. It means, the dropshipping seller will not handle any product directly and never worry about stock or also own any inventory. With a consistent stream of potential customers and huge business growth, eBay can be an excellent marketplace for anyone. Whether you’re a first-time seller or running a small business, eBay is a one-stop destination for you. What’s next? Make money quickly through dropshipping on the eBay marketplace. Since the platform has opened its door to a wide range of audiences, no upfront capital investment is required. Hope you’ve understood how to make money dropshipping on eBay.
