Collect All Methods Of Contact Of The Dropshipper For Emergency Contact

Business.

How i made a fortune on ebay - how i made a fortune on ebay? I saw dropshipping as an all profit method of business. I first found out about dropshipping back in June of 2001 a little after I started a not - so - profitable business on eBay selling cell phone accessories and such.

You don' t pay for shipping. - you basically just advertise the product on auction websites such as ebay, collect the money, take orders, and pay the set amount for each item to the dropshipper keeping the remaining amounts for yourself as profits. You don' t pay for inventory. I now realize that it is only that easy when you' re dealing with the right person. I was selling Nike Air Jordans on eBay. I first started dropshipping with a guy named Chris. I saw that Jordans are real popular on eBay and people pay huge amounts for them.

Chris only charged me$ 67 a pair. - i' ve seen some pairs go for$ 1, 000+ . So, I basically just doubled the price and sold them on eBay for$ 134 a pair. So, I wanted to start putting up way more auctions so that I could make way more money. I sold about 20 pairs of shoes within a week giving me a profit of$ 1, 34I suddenly became happy with the success I had because obtaining over$ 1, 000 in a week at the age of 19 is pretty rare. Unfortunately, this is when Chris became unreliable. Plus, he only had shipped half of the 20 orders I had.

He never returned any of my e - mails and never got back online. - so, i decided that i needed a replacement quick before i started to have some unhappy customers on my hands. I paid him for the remaining 10 orders I had left and he shipped the shoes off to my customers. This now brought me to dropshipper# I talked to the guy about the situation and he said that he would be able to handle it. I respected the fact that he picked up right where my previous dropshipper had left off at and took care of business. So, I started to put up more buy it now auctions and these shoes were selling faster than I could put them up for auction.

So, I assumed that this guy was all about business and was a very reliable and legitimate dropshipper. - this is the unbelievable part. I collected over$ 40, 000 in 4 days. I had sold 250 pairs of shoes in a matter of 4 days. That' s$ 10, 000 a day! I' ve made some people' s yearly salaries in a matter of only 4 days. This came as an amazement to me especially since I was only 19 at the time.

Little did I know though that I was in over my head. - buying clothes, and even put, shoes a$ 1, 000 down payment on a new car. I got a little too greedy and started to splurge on money that wasn' t even mine yet. My dropshipper shipped my first 30 orders only to find out that he had shipped off nothing but all wrong sizes and wrong colors. Some even went straight to PayPal to complain causing PayPal to limit access to my account. So, I had a lot of complaining customers. So, now I had over$ 40, 000 sitting in my PayPal account that I had absolutely no access to and over 200 orders that need to be shipped off.

I spent almost$ 4, 000 of the$ 40, 000 I thought would be mine to keep. - so, my only option was to refund everyone their money back to get my paypal account back to regular standing, which brought me to my next dilemma. So now, my Paypal balance was negative$ 4, 000 and I needed to come up with that$ 4, 000 quick before PayPal took legal action to get that money. This is what brought me to dropshipper# I stumbled upon a guy named Jarell. I thought the only way to get me out of this mess was by the same way that got me into this mess. I found him through a legitimate business website so I decided to sell enough pairs of Jordans to make up the$ 4, 000 and then I' d call it quits because this was too much for someone so young. Unfortunately, PayPal then limited access to her account also finding out that she was linked to me.

Everything went smooth and I was able to make the$ 4, 000 using my girlfriend' s PayPal account. - this then aggravated me because now i had 15 orders that i in no way could pay my supplier. That was then, this is now. If I had shipped to my customers it would bring more complaints and negative feedback which was very bad for business. After reviewing my whole experience with dropshipping in hindsight, I realized all of the mistakes that I had made. Before going into business with someone who is going to be dropshipping merchandise for you, be sure to get to know the person really well.

For anyone who is looking into working with dropshippers, please pay close attention. - don' t go by instinct. Collect all methods of contact of the dropshipper for emergency contact. Have a few converstations with the person before you start anything. I suggest that you do not start off having the dropshipper ship the merchandise to your customers. I started to recieve e - mails from angry customers stating that the Jordans were of terrible quality when I was told by my dropshipper that they were of authentic quality.

Order some of the merchandise for yourself and examine it thoroughly before you go into business. - don' t bite off more than you can chew. Within those 4 days, I had to deal with about 600 - 700 e - mails which is almost impossible for only one person to deal with that also has school to worry about. As stated previously, I sold 250 pairs of shoes in 4 days. Patience is the key to success. I had a price to pay for my mistakes.

These were a few of the mistakes that I made dealing with dropshipping. - i owed$ 4, 000 to paypal and i had a$ 2, 000 ebay bill that i ended up working during the summer to pay off. I would also like to say that even though I had a bad experience dealing with dropshipping, that is not always the case. My purpose in writing this is for everyone considering going into business with a dropshipper to take precautions and use the tips I provided. I know there are some people who have become successful and wealthy off of dropshipping. I finally did pay off all of my debts that summer and have made it my mission to educate and inform people of the scammers out there waiting to ambush the inexperienced and naive.

Five years have passed since I began my journey in this industry. - i wrote this article because i don' t want anyone else to go through the experience that i did. Needless to say, I have learned from my soul - crushing mistakes and now make a decent living selling on ebay. There were times where I felt hopeless and bitter for falling into a trap that left me feeling depressed. Did you find this article useful? For more useful tips& hints, Points to ponder and keep in mind, techniques& insights pertaining to Google Adsense, Do please browse for more information at our website: -