One of the most frequently asked questions is how to dropship on eBay 2020. For sure, eBay dropshipping is one of the sure ways of making money online as long as the seller can give an assurance of delivering within not more than 30 days of the listing end. Although factors such as the item quantity and shipping time are beyond the seller control, the seller is delegated by eBay and hence responsible for timely delivery and in the right amounts. Anyone willing to start dropshipping at eBay is required to have a seller account on the eBay website. You start by making a decision on which products you want to sell on your niche and then closely identifying some of the potential wholesalers or other supplies whom you can trust with shipping reliability and quick delivery for maximum customer satisfaction.
8 tips on eBay dropshipping:
1. Lessen your workload
Your objective is to gain a competitive advantage by having high sales volume that would equate to a higher profit margin in eBay dropshipping. Most online sellers try as much possible to have significant sales within the shortest time possible, and this can result in more work arising from the listing process of every product. To reduce this overload, you need to identify those products that can be displayed as a multiple-item listing since you just require to list once. It gives you the freedom to fully take care of your customer satisfaction as well as time to handle returns when the need arises. It is wise to set a longer eBay listing duration that can caution you from regular re-listing.
2. Maintain pricing control
Remember, the reason behind there are so many online buyers visiting eBay is due to the assurance of purchasing items at affordable pricing at any given time. However, sellers sometimes can encounter a dramatic situation when the final product price declines below the profit margin level, but the wholesale cost is fixed, leaving the sellers prone to make losses. Also, the listing on eBay requires the listing fee and a certain percentage of the closing sales price, which in most cases is 10% and this means further reducing your profit margins.
However, the good news is that you have several ways of maintaining your profit margin higher. Note you have the authority to set the buy it now listing which makes it possible to set a fixed price that allows you to pull in your target profit margin. Another way to overcome this challenge is by setting a higher reserve price, which is the minimum amount that the seller is ready to accept for a successful trade. It is recommended to adjust your reserve price accordingly since the final cost can vary from time to time. You can use the eBay free calculator to estimate your potential fees for your listings on the eBay platform.
3. Ensure availability
Dropshipping on eCommerce platforms such as eBay eliminates the need for holding physical inventory by the seller. Although eBay is one of the modern cash cows for most dropshippers, there are many risks associated with this trade, especially when you are not very keen. For instance, listing items that are no longer available from the manufactures or wholesalers is a single mistake that can turn away many potential buyers. Avoid listing products that are no longer available with manufacturers and wholesalers. You can overcome this challenge by ensuring to collect daily reports from your suppliers as well, ensuring you are dealing with reliable suppliers.
4. Ensure satisfaction
Now that you have plenty of buyers demanding your products, it’s your turn to ensure maximum customer satisfaction by providing efficient and quick delivery. Remember, a good reputation will earn you loyal customers who can make you remain competitive every day, and this means you have to stay keen on tracking your fulfillment to your clients. However, the biggest challenge is that the satisfaction is not always within your control and this means that if your notice your supplier is letting you down from their unreliability, quickly find another source for the product you had promised to deliver. How to dropship on eBay free? Since the buyer picks the products they want from your page and buys it, no list is necessary is required with dropshipping.
5. Identify any unreliable suppliers
Although there are thousands of promising suppliers, you can find online, as a drop shipper never fail to thoroughly screen the suppliers you want to transact with even before you can commence your first eBay sales. If not done, probably there could be a chance of it backfiring, and this can result in losses. This challenge can be dealt with by embracing the online directions services, which offer a list of pre-screened and reliable suppliers. How to find products to dropship on eBay. It depends on the type of products you want to have on your display. You could have a new product niche in your location, and this means you need to conduct marketing research to determine the viability of your business opportunity accurately.
6. Establish good working relationships
Having repetitive customers is an excellent way of having a higher profit margin for your eBay dropshipping trading. It is achievable through ensuring availability and reliable as well as quick delivery. Avoid, by all means, harmful or harsh responses with emotional customers. In simple terms, always provide positive experiences with your customers and clients.
7. Time your listings
Success means the right timing of the day, week, and the time to have your sales since this can have a significant positive impact on your purchases. The eBay timing, particularly at the peak hours, is a wise move that has seen many drop shippers making substantial sales within a short duration of time and with higher profit margins. For instance, around 3 p.m. and 8.pm, every Saturday and Sunday are the pick times on eBay. How to dropship on eBay with no money? eBay permits dropshipping with no money as long as the drop shipper can give assurance of delivering to the customer within 30 days before the listing end.
8. Ensure easy product monitoring
Making it possible for your eBay clients to track their package easily is an excellent more and an easy one. All you need is to share your FedEx, UPS, or USPS monitoring number with them. How to find items to Dropship on the eBay platform? Ensure to select products with good demand on the market but not necessarily the most popular or fashionable commodities. It is because such popular products pause high competition with the already established sellers.
How Does GoTen Help with eBay Dropshipping?
Online sellers can easily find the top-selling products on eBay by checking them out in "Platform Top Sellers." eBay sellers can also take advantage of GoTen’s big data-based product research, promotional events, and clearance to gain large profit margins while benefiting the free membership and huge discounts.
More importantly, instead of paying an excessive amount for overseas warehouses, working with GoTen.com is a much better choice because GoTen has over 450,000 square meters of local US/UK warehouses and offers fast and free delivery. Additionally, you don’t have to deal with multiple dropshipping suppliers and you can get help at any time with our 24/7 customer service.
All in all, with GoTen, dropshipping made easy!
Dropshipping on eBay is one of the most fabulous ways of building your brand to drop ship your quality product. You can use the wholesaler product description and set your minimum prices to ensure your profit margin is above the fixed cost.