Online businesses are getting successful nowadays because of the increasing drop shipping businesses on the worldwide web. The retailers provide catalogs on websites like SaleHoo. Online retailers benefit in this drop shipping business unlike conventional physical stock holding retailers. Successful retailers use their time to study the market, research products, determine customer's demands, through advertisement, expand, and streamline their business. With drop shipping, it will ease your workload in certain areas, you will still need to work hard to build, maintain, and expand your business.
Many sellers are on online auction sites like SaleHoo. A seller will list items as new and ship the item directly from the wholesaler to the highest bidder. The seller profits between the winning bid and the wholesale price, minus any selling and commercial dealer fees from the auction site.
In small businesses, drop shipping occurs when a small retailer who characteristically sells small quantities to the public and receives a single large order for a product. Rather than get the shipment done through the retail store, the retailer may arrange for the goods to be shipped directly to the customer. This business is also very common with items like steel buildings where the retailer will take a deposit and have the items that are used to build directly shipped to the buyer's site from the supplier's manufacturing unit.
A new trend in this business is private labeling drop shipping. Through this, a manufacturer produces an item for a retailer and drop ships it. The range of drop shipped items are t-shirts with custom logos or pictures to customize formulations for vitamins and nutritional supplements.
Drop shipping has become a trend to many customers who wants to shop online. It is also a good means in selecting items for your daily use or even the things you want to buy that are rare to find. With just one click on your computer and viola! It's just in-front of you and you can have the thing you desired to buy. So open up your computer, go to a reliable website wherein you can buy the things you want and you need the most. It's just within your reach.
Compare SaleHoo with the Top 3 Wholesale Directory. Salehoo Wholesale featured on Oprah and CNN Business! Find out why SaleHoo is considered the Top Wholesale directory by Businesses!
Video reveals other auction sites like eBay. To download our free ebook which teaches how to earn k/month go here: http://wholesaleted.com/4-step
This video discusses these three other auction sites like eBay.
Each of these bidding sites has their advantages and disadvantages as discussed in the video. First, let’s look at eBid:
Auction Sites like eBay #1: eBid (http://www.ebid.com)
It is very large, with hundreds of millions of dollars worth of items listed at one time. It is open to 23 countries including the USA, UK, Australia, Canada and even New Zealand. It gets over 60,000 pageviews a day.
The fee’s are much lower than on eBay. You have NO listing fee, which means you can list items risk-free. You also only pay a 3% success fee on items that you sell, which is much lower than eBay’s.
However, this is somewhat deceptive. A lot of buyers will want to use PayPal, and you’ll need to take into account PayPal’s extra fees. So your total fees are more like 4-5%.
Overall, because it is risk-free to list your items I suggest that everyone cross-lists their items onto eBid. You have nothing to lose and if you make a sale on there instead of eBay, you get to keep more money and make a greater profit. Because of the large userbase and no-listing fees, this is my favorite of the auction sites like eBay.
Auction Sites like eBay #1: ePier (http://www.epier.com)
Another bidding site with “e” in front of the name just like eBay, this one is very unique. It has NO fees whatsoever, but again, this is extremely deceptive because many sellers will still want to use PayPal to be safe. Therefore, you’ll still have to pay PayPal fees.
But what makes this especially unique is that it isn’t a standard eBay clone. Instead, it looks like a wiki. It is community run and not run by a corporation. So you have no resolution center to protect you if a sale goes bad.
Because of that, I do recommend cross-listing items but only sell items with tracked postage. As a seller you need to protect yourself from false PayPal disputes which are more likely to happen in this non-moderated site.
Auction Sites like eBay #1: OnlineAuction (http://www.onlineauction.com)
This is a huge site, which hundreds of millions of dollars of items listed on it too, which is great. It is corporation-run and it is moderated.
The important thing to note here is it’s unique fee structure. There are no listing fees, and no success fees. Sounds great, right? The catch is there is a flat monthly fee you must pay to be a seller. This will let you list and sell unlimited items… for .
And once again don’t fall into the trap of forgetting PayPal fees too!
Therefore, I recommend OnlineAuction to sellers that have a lot of items to cross-list. This is because you’ll want to sell at least worth of goods to break-even with the fees you’d have otherwise paid on eBay. The more items you have to list, the more likely you are to sell that much. If you’re new and don’t have many items to list, you’re less likely to break even and risk losing money so I don’t recommend it.
I hope you enjoyed this video which reveal other auction sites like eBay. For more great information on making money selling goods online, download our free ebook which teaches you how to make k/month dropshipping online: http://bit.ly/4-step-ebook