Auction Information

The Drop Shipping Business


You have suddenly found the perfect business and you are all geared up to make lots of money. You have see the ads about Drop shipping and it sounds great.

Well of course it is great for some people! BUT will it be great for you?

Of course it will you think! Well think again its not as easy as it sounds and don't be fooled into thinking you don't need money.

First of all you start your search for drop shippers, Wow there is loads. Go on click on one or two.

That's right you have a found a great drop shipper but first of all they want a joining fee, OK you join, now what! You find it is a list with loads of drop shippers you can use. This is even better, so you click on one or two, and lo and behold they want you to pay as well to sell their products!

Is it a wind up? No they really do, It might be just a few pounds or a lot of pounds. And then to make things worse some of them want holding fee to make sure you use their site. It could be Ł20 or Ł30 depending on which site you pick. They call it a trust.

OK you pay up again, but oh the disappointment when you see their sale products, Most of them are already advertised on Ebay and other auction sites, and when you check they are selling them at much cheaper prices than you could ever hope to do.

WOW again, you have found one that is really free to use, yes there are a few out there. BUT a slight drawback. They have a big warehouse, but evidently this warehouse only stocks one of each product or so it seems.

Ok you decide to have a go any way, perhaps you have chosen jewellery, so you go to Ebay and put a gorgeous gold ring on auction for five days. Great someone has made a bid, at the end of five days you find you have made a nice little profit. They pay up and off you go to warehouse to pay the cash so the ring will be drop shipped to the customer.

Oh dear they have run out of stock! not surprising when there was only one to start with. What do you tell your happy customer who thinks they have just got a bargain and they are eagerly waiting for it.

What a great start, your disgruntled customer leaves you negative feedback and wham that's a black mark on Ebay.

So back you go and read every thing you can if they have a forum. What is the advice that you find, Purchase first to be sure of the product then put it for sale. So much for starting your business without having to spend.

If you can afford to purchase it then go ahead, it is a risk like anything else, but when you see hundreds of the same or similar on the auction you just have to hope that yours is the chosen one that they bid on.

Its quite true that some one some where will bid on anything, so instead of spending Ł10 or Ł20 on a piece of jewellery or whatnot, take a tenner and go to your nearest pound shop and buy ten items, see what you make on them.

That is my advice, take it or leave it. I bet you make a profit.

Sylvia White Author and website owner of http://www.sylviawh.co.uk; http://www.u-want-money.com; http://www.geocities.com/sylviaworkathome


MORE RESOURCES:

Staten Island Advance - SILive.com

The Slot-Auction Saga Continues
Wall Street Journal Blogs, NY - Oct 10, 2008
The slots would then be put up for auction and claimed by the highest bidder. Federal regulators are hoping to force airlines to use larger planes hauling ...
US Completes Its Plan to Auction Slots at Airports New York Times
DOT Expands NYC Air Auction Plans Despite Mounting Opposition Business Travel News
Auctions of Airport Landing Slots Set ; Port Authority Will Seek ... RedOrbit
The Associated Press - RedOrbit
all 513 news articles


Atlantic Online

Global central banks set regular dollar auctions: Fed
MarketWatch - Oct 7, 2008
By Greg Robb WASHINGTON (MarketWatch) -- Global central banks have set a schedule for dollar liquidity auctions that will take place every two weeks through ...
Fed to double cash auctions to banks, up to $900 billion International Herald Tribune
Fed lays out details for bank loans The Associated Press
Main Street's Rescue Washington Post
Total Securitization - WLOS
all 300 news articles


4-Friends Gifts & Crafts: Christmas Gifls/Toy Auctions
MaineToday.com, ME - 16 hours ago
Christmas Gifts\Toy Auctions, starting October 12th at Melody Ranch in Fairfield. A 50\50 raffle will be held every night. Admission: $1 per person. ...


AuctionBytes Blog

Amid the Gloom, an E-Commerce War
The Ledger, FL - 11 hours ago
John J. Donahoe of eBay is shifting the company away from auctions. As the online auctioneer’s revenues and stock price kept climbing, one of its primary ...
Amid the Gloom, an E-Commerce War New York Times
NYT Chronicles Amazon's Inroads against eBay AuctionBytes Blog
Holidays critical to e-commerce sector United Press International
all 17 news articles


China Daily

Lehman Credit-Default Swap Payout Could Climb as High as $365 Billion
Washington Post, United States - Oct 10, 2008
Auctions earlier this month to unwind Fannie Mae and Freddie Mac credit derivatives resulted in much lower settlement amounts, south of 10 cents on the ...
Fannie, Freddie Debt Valued as Low as 91.51 Percent (Update1) Bloomberg
FACTBOX-Lehman CDS settlement auction timeline Reuters
Lehman derivatives auction described as 'smooth' MarketWatch
Financial Times - Wall Street & Technology
all 228 news articles


Maktoob

Mexico auctions off more foreign reserves for peso
The Associated Press - Oct 10, 2008
MEXICO CITY (AP) — Mexico's central bank has auctioned off another US$3 billion in foreign reserves, its third auction of the day in an increasingly ...
Mexico's Peso Declines for Eighth Day as Global Markets Plunge Bloomberg
Mexico sells more foreign reserves to boost peso Forbes
Mexico's central bank sells $6.4 bln to boost currency Xinhua
The Associated Press - Bloomberg
all 194 news articles


Treasurys Slide Ahead of Auctions
Wall Street Journal - Oct 9, 2008
By MICHAEL S. DERBY NEW YORK -- Treasurys were off to a mostly negative start Thursday, with a big wave of government debt auctions ahead. ...
Treasury Trade Choppy Amid Turmoil Wall Street Journal
all 2 news articles


Edward auctions royal portrait to say thank you to hospital
Crewe and Nantwich Guardian, UK - 5 hours ago
He has drawn a portrait of Queen Elizabeth II that will be auctioned off to the highest bidder over the next week. “I was recently treated for an abscess ...


Get jump on winning auctions at Coalition's fund-raising dinner
Mirror, MI - 10 hours ago
The Troy Community Coalition is inviting Coalition members and friends to get a head start on the annual auction for the Celebrity Night Dinner. ...


Sydney Morning Herald

White House Overhauling Rescue Plan
The Ledger, FL - 11 hours ago
As envisioned, the Treasury or its agents would hold so-called “reverse auctions” in which financial institutions are invited to compete against each other ...
Treasury Weighs Investing In Banks Washington Post
Plan B: Direct Cash Infusion To Banks? Investor's Business Daily (subscription)
Paulson says it will be 'several weeks' before first asset ... Forbes
MarketWatch - Housing Wire
all 2,551 news articles

Auctions - Google News

home | site map
© 2006