A Quora user recently asked how someone can make $10,000 per month via Amazon.com, Inc. AMZN’s e-commerce platform and a technique known as “drop shipping.” A drop shipping retailer doesn’t produce or own the products that he or she sells. Instead, the drop shipper purchases inventory from a third party as it is needed and profits by selling the inventory at marked-up prices.
The Quora question sparked a rigorous discussion, and here is a sampling of posters’ advice.
Start Somewhere Else
Zach Pinnell warns new drop shippers that, contrary to popular belief, they shouldn’t start off on Amazon or eBay Inc EBAY’s platforms.
“I started off on eBay at 14 years old and made thousands of dollars,” Pinnell explained. “But I could have made a lot more money had I put that same time and effort into my own, separate store.”
Pinnell also noted that new drop sellers shouldn’t spend too much time stressing over the perfect product and should focus more on setting up infrastructure.
“If I feel like I can’t get anything to catch, I just repurpose the website to try the next product/story… No financial loss. I will often repeat this process several times before I get a ‘catch.’”
Look Beyond The States
Josh Elizetxe urged Amazon drop sellers to consider UK markets because it’s easier to rank.
“You’ll need…
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