Why You'll Never Make Money With Online Drop Shipping
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by: John J Rogers
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Word Count: 542
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Keywords: drop , shippers , dropshippers , scam ,
I've sold 1,000's of different products totaling over $10 million in just a handful of years. I know this business VERY well and know about dropshippers. Many get rich quick websites praise dropshippers as a gold mine. They give you a list of the best dropshippers so you'll sign-up with them and then THEY get a commission from your sign-up. I'm not telling you to sign-up with dropshippers and I will give you my unbiased facts about them. I don't care what ANYONE has to say about dropshippers. Here's the truth!
There's one big problem with dropshippers and it's such a big problem that I never wasted my time with them. It's called PRICE! If everyone on the internet, ebay, and stores are selling something for $50, and the dropshipper sells it to you for $40, what kind of money are you making? That's only 20% per sale for a retail item. Even wholesalers make at least 50% profit per sale. This price also limits you in terms of what you can sell your product for. You're stuck selling these items at a set price, any lower and you'd be losing money on them. Why should someone buy from you instead of one of the other 1,000 or more websites if you're all charging the same price?
"But a lot of people are doing it," you might say. "One dropshipper has 20,000 members." Just because someone has a member doesn't mean they're buying from them. I signed up with a couple of drop shippers then never went back after I saw the prices. Some offer free memberships. Plus technically, 20,000 active members isn't a "good thing," even if it were true. That means there are 20,000 people who are selling exactly what you are.
The dropshipper websites goal is for you to think that you can at least make $10 per item and you don't have to do any work other than find the buyer and order the items from the dropshipper. Sell 1,000 items and make $10,000 part time. That sounds great if it could work. It might if the products these dropshippers offered weren't so general. There are at least 1,000 different people/stores selling the exact same general items that these dropshippers offer. And many get the products for far less than the dropshippers offer so they can lower their prices or offer coupons.
And lastly, let's say they do somehow get a new hot product. How long will it be hot when all of the people using the dropshippers make these hot items available everywhere? Not long.
I would say technically you can make some money with dropshippers, but obviously not as much as you would if you got your products wholesale from a manufacturer. Dropshippers might be good for someone looking to make a couple hundred dollars, but I GUARANTEE YOU will make far more money if you get the products yourself at wholesale prices. It's only common sense.
About the Author
John J Rogers is one of the foremost money making experts on the Internet. Visit his websites for his free articles and home business opportunities, free christian music, and silver & gold cross pendants.
Source: www.isnare.com
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