Get Paid to Dropship

by Jim on October 16, 2014

Did you know you could get
paid to dropship?

Wait! You don't know what dropshipping is?

Or perhaps you've heard the term but weren't really familiar with what it was.

I will be exploring dropshipping in this article to not only help you understand what it is, but to help you determine if you should implement it.​

DropShipping
Grammatical Side Note: The word dropshipping does not appear to be a single word. Officially, it is drop shipping. But it is always referred to by most as a single word. In fact, a quoted Google search for "dropshipping" brings up many more results than a quoted Google search for "drop shipping". It's the other way around for a quote Bing search. I will be using "dropshipping" throughout.

Dropshipping Defined

When a vendor chooses to incorporate dropshipping, they are not holding any product in inventory. Instead, when they receive an order for a product from a customer, the vendor will order the product from a third party supplier and that supplier will ship the order to the customer. The vendor charges the customer a higher price than the supplier charges the vendor, resulting in a profit.

Advantages of Dropshipping

  • No need to hold inventory hence less capital outlay needed
  • Fulfillment of orders handled by suppliers
  • Diversification of products and/or suppliers
  • Relative Ease of Setting This Type of Business Up
  • Can be run from any location if its exclusively online

Disadvantages of Dropshipping

  • Supplier could be out of stock
  • Fees for dropshipping can eat into profit margins
  • Shipping costs are controlled by supplier
  • Dropshipper must handle returns unless other arrangements are made with supplier
  • Some suppliers will not white​ label the shipping labels (to be explained)
  • Customer orders several products in one order and they are sourced by different suppliers, resulting in shipping charges for each supplier
  • Competition is fierce due to low barriers to entry​

What's Your Verdict?

Based on the advantages and disadvantages it seems like it could go either way. If you look at the advantages you could get started very quickly and be up and running in practically no time.

The disadvantages are something that really need to be considered however. You can't take this lightly because the profit margins on this type of business model are tight. Any adverse situation will squeeze them further.​


The good news is that there are people who are successful at dropshipping.​ Currently in the pipeline is a strategy guide to overcome the obstacles associated with dropshipping and it will teach people how to develop a successful dropship business.

If you would like to be alerted when this guide is ready, please leave me your name and a valid email on the right ->

Please leave your name and a valid email to be
alerted when the strategy guide is available:


Preliminary Considerations

There is some housekeeping that needs to take place before you start listing your products. You will encounter problems with your dropshipping business if you ignore these! Click on the arrows for more details for each item:

Ask Supplier for Price List

Make Sure You Are Crystal Clear on Shipping Fees and Handling Charges

Understand the Supplier's Return Policies

Make Sure Your Profit Margins Actually Allow For Profit

Stay Away From The Hottest Selling Categories

Factor in Other Costs

Overview of Process Flow

The following is an overview of how the sales process works in a dropshipping transaction (click on each arrow to find out more information bout each item):​

List The Product for a Price Higher Than The Supplier Gives

Buyer Purchases Item

Purchase Item from Supplier and Have Them Ship to Customer

Make Sure Your Customer Service is Impeccable

Other Considerations

When you make sales online, there are certain conditions that can require you to charge sales tax on your purchases. It used to be that sales online were pure and you didn't have to charge taxes on sales. That is still true in many instances but is getting much more fuzzy. Governments all over the world are looking for loopholes that can give them an excuse for them to get online retailers to charge tax. It stinks but it is a consideration.​ Whoever deals with the customer direct, is the one responsible for charging tax. That is usually the dropshipping entity.

Another factor is any kind of state licensing that could be required. Some products require special provisions in order to be sold. Also, along the lines of sales tax, you may need to obtain a sales certificate from your state specifying that you are exempt from being charged sales tax from your supplier. Many supplier may require this and won't do business with you if you don't possess this certificate.

Disclaimer: The information in this report is for information p​urposes only and should not be misconstrued as giving any kind of legal, tax, or even business advice. Consult the proper professionals to get the appropriate advise for your business.

Want to Get Started in Dropshipping?

Simply Leave Us Your
Name and a VALID Email.
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Shows You How To Set Up Your
Dropshipping Business
The Smart Way!

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Scam Adviser Roundup Week of 10-12-14

by Jim on October 12, 2014

Scam Adviser Roundup
Disclaimer: This report contains information that profiled websites have identified as scams. The views within each of these reports do not necessarily reflect the views of GetPaidBootCamp.com. We provide this report as a convenience and as a courtesy to our readers.

Item #1 - Mary Stevens Scam Review

Source: ScamXposer.com

Author: David Harris

Abstract:

“Mary Stevens”, is a fictitious name for website scams that use the bait and switch con we call the link posting scam.

It is a fake work from home trick that uses phony stories about fictional single mothers who supposedly became successful by using the bogus business being peddled online.

Mary Stevens is used quite often, and each time we and others expose the fraud, the scammers put up another new scam site, still using her name.

Full Article: http://scamxposer.com/scam-review/mary-stevens/​

Comments: This is what is known as a fake news advertising scheme. I have heard that the Federal Trade Commission (FTC) is cracking down on these types of sites. Unfortunately, it is difficult for the FTC to keep up with these scammers as they are easy to set up the scheme and then dismantle it when discovered.


Item #2: Ali Express Wholesale Opportunity

Source: WaysToAvoidScamsOnline.com​

Author: Kyle from Wealthy Affiliate University​

Abstract:

Ali Express: Ready to Go Wholesale?


Part of the parent company, Ali Baba, Ali Express is meant to be “the” name brand outlet for clothing, accessories, electronics and more at deeply discounted prices. The affiliate program is meant to allow people the opportunity to market these products on their own websites and earn substantial commissions. There are many issues with this company including some that are almost too frightening to consider.

Full Article: http://waystoavoidscamsonline.com/is-the-ali-express-wholesale-channel-a-viable-opportunity

Comments: I have experience with the wholesale business​. I will be providing a tutorial along with valid resources that you can utilize if you are interested in this type of business. Please sign up to our newsletter to be notified when this tutorial is available (plus many other great goodies are planned):


Item #3: Daily Results Binary Options Software

Source: OneMoreCupOf-Coffee.com​

Author: Nathaniell Brenes from Wealthy Affiliate University​

Abstract:

Daily Result Will Result in an Empty Wallet

What Is It?

Binary options trading software that’s supposed to guarantee to make you a millionaire.

Short Review

If most people heard the same pitch on the street, they wouldn’t believe it for a second. The concepts introduced to us by “Steve Foley” of Daily Results are absolutely ridiculous and shouldn’t be believed.​

Full Article: http://onemorecupof-coffee.com/daily-results-will-result-in-an-empty-wallet/​

Comments: Seems like this could be one of those situations where if it seems to good to be true, it probably is.​

I plan on making this a weekly feature here on GetPaidBootCamp. If you would like to be notified when we have made the update, please sign up for our newsletter. I am planning some awesome (and free) resources on our newsletter and want you to be a part of it. Also, I will be looking for contributors of the newsletter so you could have an opportunity to get profiled to our entire list.

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Imagine Getting Paid to View YouTube Videos

September 3, 2014

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One of the biggest complaints I see with affiliates is in finding products.  That is what this article is going to help you with.  I am going to show you how to find affiliate products to promote.Affiliate Disclosure: The website owner may receive compensation for products and services mentioned on this website.​This article will discuss […]

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