Make Money Selling Other People's Stuff
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David
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September 15th, 2010
In this next post on how to make money online I'm going to cover drop shipping. I'm not talking about selling your neighbors lamp on eBay, I'm talking about selling the products for a company that offers drop shipping services. Most of these products are new and are purchased slightly higher than if you were to buy in bulk.
What Is Drop Shipping
Drop shipping is a method of selling a companies products without having to invest in buying the products in bulk. The pricing is generally slightly higher than if you were to buy them wholesale but they are still priced to allow you to make a profit.
How Does Drop Shipping Work
Drop shipping works by setting up an account with a company that offers drop shipping. Then you place the products on your website, generally through shopping cart software of some sort. Your visitors then complete the purchase through your website. You'll need to accept payments online through either a merchant account or even through Pay Pal.
Once the sale is completed you'll need to notify the drop ship company via the method that they specify. Some companies will want you to email it to them while others will require the order be faxed in or completed on their website.
Once this is done they will fulfill the order that you specified and generally email you a tracking number which you can pass along to your customer.
Benefits Of Drop Shipping
The main benefit of drop shipping is that you have no up-front cost. If you don't sell anything, you don't need to pay anything.
Another benefit is that most drop shipments are done anonymously meaning that the companies information is nowhere in the delivered package. This is a benefit because if the customer wants to reorder, they will most likely come back to your website for repeat purchases since they know nothing about the company that actually shipped their order.
Also, one nice thing about drop shipping is that it's low maintenance. You don't need to keep inventory, pay payroll or even rent to store all of the merchandise.
Additional Information On Drop Shipping
If you're interested in reading more on drop shipping companies you can view an entire article that I wrote on making money drop shipping. In the article you'll find information on locating drop ship companies in additional to common fees that you'll likely incur.
Best regards,
David L.
www.WebsiteSpot.com