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Can you Shop online for a Profit

Current Yellow Pages logo.

I came across this interesting review while surfing today and it reminded me of my own dealings with Dropship companies. I myself had a go at starting my own online shopping mall with an American company called DSD. I suppose at the time I was sucked in by the sales pitch which promised all kinds of benefits. The package that i purchased was for your own online website (UK only) which came fully loaded with thousands of products from popular electricals to designer clothes. The great thing about DSD was that they pretty much dealt with everything from customer service to purchase transaction and delivery right to the customers front door, and to top all that only your company’s name appears on invoices and packaging.

Salehoo Review
If you aren’t familiar with Salehoo, it is one of
the most popular wholesale directory sites online. It targets sellers
looking to sell on ebay and similar auction sites. Given the site’s
past success on Clickbank, I decided it was worth looking into and
writing a review.

So this sounds great but! yes there’s a but; you have to work your arse off promoting your wares. Now i did realise this when i bought into DSD but i dont think that i really understood just how much promotition was envolved. The thing is with online stores you have your work cut out to make it profitable, there is so much competition out there. I tried the eBay route at first; now remember i was a complete novice, any way i took some time to research and find some products that I thought could potentially be profitable on ebay. The products that seemed like they could work were primarily more unusual products and accessories for popular products. It is nearly impossible to sell a PSP 3 or its games and make any profit, but you can sometimes turn a profit on the accessories for the system such as controllers. The same can be said for other popular accessories for iPods or iphone; just about anything that has a recognisable world brand name.

Since i wasn’t really tuned in my interest soon dwindled, the competition on eBay alone was pretty awesome and i figured that anybody who wants to buy new items only go to the stores that are well established, after all that’s what i would do. I don’t want to put a damper on starting your own shop and im’e sure with somebody who has the drive to succeed can make a living online. You have to realise that all your competition is doing the same thing and get their goods from the same big wholesalers or dropship company’s and there isn’t much difference in their prices. So in order to compete you have to cut your prices to the bone and sell in bulk. I do agree with the chap who wrote the Salehoo review and would dissuade any newbie from taking the eBay route unless you follow the same sales plan as described in his review. You really have to be on top of your game. As for resources, well eBay themselves as you would expect have a comprehensive FAQ and loads of advice. I did find the eBay forum to be invaluable because your talking with likeminded people who are very helpful and a lot have been there from the beginning.

Going down the eBay road is fine but you should look at a variety of ways to generate sales. Your online presence needs to be visible to everybody so it is a good idea to use the likes of Google Base which is free (Pick the right demographic). You can use Kelkoo to further promote your products, for premium listings you could try shopzilla and do a search for shop and compare sites to expand your choices. If you have an email list by all means use it, offline resources like Yellow Pages can’t be ignored either but will cost. It’s a good idea to put your shop on these listings and the likes of Yellow Pages will discuss the best listing for your budget needs.

I still have my online store and i think i will keep a hold of it for now. I know that like just about any other online presence it takes time and effort to fully see results. One piece of advice i would be give if you want to go ahead with this is to give it your full undivided attention and if you need advice then join a good forum.

Also check out Ryans Review on Salehoo. While the list of Salehoo’s suppliers is not as extensive as Worldwide Brands, it is one of the largest on the internet and is also one of the most affordable drop ship directories on the internet.

Good Luck, Leave some feedback on your experiences i would love to hear your views.

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