How to pick the right products for your online business

Posted by Sam | Uncategorized | Friday 26 June 2009 1:57 PM

Hello Everyone,
Let me start by hoping everyone has a fantastic weekend and enjoys it by relaxing and spending time with family and friends.

I will get started here by telling you that the products that you plan to sell will need to be carefully researched, selected and marketed.
By considering a number of important key points, it will be possible for you to achieve a steady and continual income for your new online business.

1. The products that you choose will be the defining factor whether your online business will succeed or fail.
No matter how cheaply you may be able to source items, you will need to be sure that there will be enough demand for you to receive a steady flow of customer and orders.
The Drop Shipping process does provide you with scope for experimentation in this area.
For example, you will not be left with a box of dancing Snowmen and Reindeer’s sitting in your garage in January.
However, you will still incur marketing, advertising and storage costs for each of your unsold products.
By finding an untapped niche market for a product is always invaluable, but you must always be confident of your sales stategies.

2. Once you have determined that a product has sufficient demand, you should next ensure that it has enough of a profit margin.
This is the difference between your sales price and your purchase cost, minus your additional costs of advertising and marketing.
The first challenge is to find good value products from a number of US Drop Ship companies or manufactures.
A wise retailer will realize that the foundations for a good profit margin are laid when you buy at the right price and can sell with a decent profit margin.

3. With great value, high demand products sourced from a reliable supplier, your next decision is to choose the best method of selling. The two main opportunities for making sales on the internet are from your own online store or from auction sites such as Auction.com and ebay. These are two very different mediums and need to be approached in different ways.

4. Once you have decided where you will sell your products, you will need to concentrate on setting your prices.
You will find that your selling price may need to vary depending on where you plan to sell.
Your price must at least cover the cost of your purchase plus marketing and advertising costs.
For example, these could be the cost of web hosting or auction listing fees.
You then have the crucial decision of how much profit margin to add on top. This will depend on multiple factors, such as levels of demand and competition.
Always keep in mind that raising your sales price will increase your profit margin, but this needs to be finely balanced with the loss of potential sales through over pricing.
Remember, the most important point is to make sales, and profit margins of only a few dollars is common.

To Your Success,
Sam England



FREE Limited Time Offer…Wealth Jump Start System

Posted by Sam | Uncategorized | Monday 8 June 2009 2:10 PM

 

FREE Limited Time Offer…Wealth Jump Start System

“Create a Passive Income Windfall
30-60 Days From Today
Starting From Scratch
With No Experience, No List,
No Product Of Your Own And
jumpstart your online career


Web Wealth Jumpstart System
FREE


Tweet this message below and I will give you Wealth Jump Start System for FREE!






How to save big money on drop shippers fees

Posted by Sam | Uncategorized | Sunday 7 June 2009 4:15 PM

“How to save big money on drop shippers fees”

This interesting fact has been stuck in my head all day so I am going to share it with my internet friends.

It is very important to help others and give them quality information that they can use.

Well here it is, as everyone ones know I have been using around 100 different drop shippers for years now and have applied my own little twist when it comes to drop shipping fees.

Lets take an example of a company that I use that charges a $5.00 drop ship fee per order sent in to them.

What I will do is if I am selling alot of there products I will wait every few day and send in only ONE order to them and they will only charge on fee.

You see if I sent 5 orders in seperatly they would charge me $25.00 in drop ship fees, now if I send in one order with 5 different products they will only charge me $5.00 drop ship fee.

Saving me $20.00, now that can save you alot of money in a years time if you sell alot of there products online.

Now you see how important this is to use on certain drop shippers?
Keep in mind not all drop shippers will honor this but it is always worth the try as it works alot for me.

Another note here is that most companies do charge a fee for shipping the product for you and a reasonable fee is usually 3-5 dollars per order, NOT PER ITEM!

If a company tries to charge you fees per item, then you should seriously think about not doing business with them as that is unacceptable with most ecommerce business and not to mention cuts into your profits.

And always try your best to work it out with the companies and maybe come to a conclusion on what is a reasonable fee.

To Your Success,
Sam England



How to Find The Best Dropshipping Companies?

Posted by Sam | Uncategorized | Tuesday 2 June 2009 3:00 PM

How to Find The Best Dropshipping Companies?

You can start by looking online for wholesale drop shippers, but I do not recommend it in the beginning.

Personally I have never used companies like DOBA and World Wide Brands and the likes, I drop the middle man and go straight for the source.

Decide what type of products that you are wanting to sell and then find large trade shows and/or conventions around your area and plan on attending them.

Alot of times I actually drive or fly to a show and stay for a few days when they are having a show to give me time to meet of them and discuss there products and policies.

Always take business cards with you as most companies will not even talk to you until you give them a card, and make sure your card is professional quality, not printed from your computer at home, that looks cheesy… 

Ask them if they drop ship there products first thing after giving them your business card so you don’t waste there time and yours, get one of there catalogs, they may or may not drop ship now but they may later and the catalog will come in handy, even it you use it for ideas for another product niche’ .

You must work fast because some of these shows are massive so you want to use your time efficiently.

Gift marts in Atlanta and Texas are great sources for a large variety of importers and wholesellers who drop ship there products for you.

Below is a good mart to attend.

HINT: they also have a LARGE directory of companies if you look real hard.

http://www.americasmart.com

To Your Success,
Sam England


Drop Shipping Hazards…

Posted by Sam | Uncategorized | Friday 20 March 2009 10:16 AM

Drop Shipping Hazards…

  1. Finding a good dropshipper(s): Research your dropshipper before you decide to do business with them. Check them out as much as you can before you make your decision. Also check and see if they sell there own products on there own website, if they do avoid them as you will be competing with them and they will surely be able to sell there products on there website cheaper than you.
  2. Let your customers to know that you do use a dropshipper.
  3. Ask for tracking numbers when an item is shipped. If they can’t provide them, it would be better to choose another dropshipper.
  4. Ask a potential dropshipper how long their delivery times usually are (an estimate). Customers may get upset if it is too long, or you don’t state that your dropshipper will be shipping their item and there might be extra processing time for this.
  5. You shouldn’t have to pay a fee to access a droshipper’s product line(s). This is for CD’S or FTP access to get there images and other information like brochures and price lists. NOTE: There is usually a small fee that most drop shippers include when they ship an order, usually no more than 2 or 3 dollars per order.

You can make a successful business out of dropshipping online. You can create more than one website, and work with more than one dropshipper to optimize your results.

There are probably more businesses and websites online that you have visited and didn’t even know that the owner was using a dropshipper. You choose the products from the dropshipper’s product line that you want to sell, set up a website, market your products, and start selling. It can be that simple.

The best places to start selling are Ebay and Yahoo Merchant Stores. However, you should also create your own websites that showcase your products and allow people to purchase them there as well. Ebay and Yahoo will help you a lot with marketing if you use the website stores to its greatest limits. I have found that selling these products on your own website works best. Utilize keyword-targeted articles for your websites so the right people can find you easily.

The best part about being a dropshipper is that you can sell products that you are passionate about, and make money! You will be more happy with your businesses if you are selling something that you truly care about, and that passion will show through to your customers.


The Economy Sucks…Buy Wholesale Cheap

Posted by Sam | Uncategorized | Thursday 5 March 2009 12:35 PM

The Economy is in shambles, so now is the time to buy wholesale from companies CHEAP!

Companies are strapped for money, maybe they have samples for sale or going out of business and need to move products FAST.

This is the time to take advantage of this type of buying and make alot of money.

Here is a short video showing you what I just bought from a company that needed to move some inventory fast, so I bought all of it for almost nothing…

Pennies on the Dollar!!!

To Your Success,
Sam England


Next Page »