January 22, 2010
You would like to increase your income by selling other peoples` products but you just don`t have the money to stock inventory.
On the other hand, perhaps you have lots of your own product and would like to increase your sales, but you don`t have a lot of money for advertising.
The solution to both problems may lie in drop shipping.
1. Sell Products You Don`t Own
You would like to sell a variety of products but you don`t have very much money. Don`t worry! Your customers will supply you with the necessary capital. You don`t have to stock inventory. You can drop ship orders.
For example, you receive a credit card order for a product retailing for one hundred dollars plus five dollars shipping. You now turn around and fax (or e-mail or phone) your order to your dropship supplier. You pay the fifty dollar wholesale product cost plus five dollars shipping using your own credit card.
Your dropship supplier now ships the order to your customer. With no investment in inventory, your gross profit equals fifty dollars.
2. Sell Products You Do Own
Would you like more sales of your own products? Consider drop shipping your products for other dealers.
As an example, you may have a product that sells for one hundred dollars plus shipping. Every time you sell that product yourself, you will have a sale of one hundred dollars. However, how many one hundred dollar sales can you make personally?
Now consider the situation where you offer your dealers a wholesale price of fifty dollars. You could have hundreds or thousands of persons selling for you.
It is true that each product sale now only brings you only fifty dollars in sales. However, these are sales that you wouldn`t otherwise have. What would it cost you to obtain these sales through traditional advertising channels? Would your advertising even bring you the desired results?
Keep in mind that with this drop shipping arrangement, you pay only for results. When a dealer retails your product for one hundred dollars, he is really receiving a fifty dollar profit for selling your product; you could view it as a sales commission. You receive only fifty dollars per product sale but sell way more than without drop shipping. You ship directly to the customer for your dealer.
So, whether you sell other peoples` products or your own, drop shipping can increase your sales, preserve capital, and maximize business profits.
Tags:
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Posted by admin under Help Profit | Comments (0)
November 17, 2009
Title:
3 Little Known Tips For Shopping For Craft Supplies Online
Word Count:
383
Summary:
Let me ask you a question. Did you ever think that the internet would become so powerful and pervasive, that even craft supplies would turn into big business online? Neither did I. But it’s true. You can actually find just about any type of craft supplies that you are looking for if you look hard enough through the different search engines (or your local retail store). However, there are a few big sites that you might want to peruse the next time you are considering buying cr…
Keywords:
craft supplies, wholesale craft supplies, discount craft supplies
Article Body:
Let me ask you a question. Did you ever think that the internet would become so powerful and pervasive, that even craft supplies would turn into big business online? Neither did I. But it’s true. You can actually find just about any type of craft supplies that you are looking for if you look hard enough through the different search engines (or your local retail store). However, there are a few big sites that you might want to peruse the next time you are considering buying craft supplies.
1) Amazon. Amazon has recently (during the last few years) expanded their reach into the far corners of the internet. By this, I, of course, am referring to the fact that a lot of online merchants sell through Amazon.com’s website. If you are searching for ‘leather craft supplies,’ Amazon might not have what you are looking for in stock. However, Amazon might have a partner retailer who sells their leather craft supplies and lists their goods on Amazon. Consider Amazon like a giant retail search engine that lists items from all sorts of different companies besides themselves.
2) Ebay. Ebay is a great place to find close out merchadise. By this, I mean that companies go bankrupt and have fire sales. A lot of these sales have moved online and therefore you might be able to get a really good deal on some merchandise that is being auctioned off on the world’s biggest auction site.
3) Retailers’ own websites. Many of the well known craft sites like Michael’s have their own websites. These sites often have great bargains on merchandise that’s also found in their retail stores. However, even these retailers need to occasionally close out some big lots of merchandise. The web is a perfect place to do exactly that. With no real overhead costs (besides the website’s operation), many of these big retailers will use the web to move a large amount of product really quick. Of course, the retailer needs a mail order, or store pickup, set up to do this, but most do. Check your local retailer’s website, you might be surprise.
There is a lot more to craft supplies’ shopping than first meets the eye. Learn all about how to shop for crafts, there is an entire world waiting for you online.
Tags:
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Posted by admin under Online Tips | Comments (0)