Looking for a profitable & inexpensive business idea on which you can work on just a few hours a week? Look no further than eBay dropshipping.
EBay is predominant market for all online sellers – and for good reason. Millions of active shoppers visit their website, dropshipping on eBay allows business owners to use a ready-made customer base and sell products even if they don’t have the physical inventory to sell.
Is eBay Dropshipping Dead?
eBay dropshipping is very much alive and kicking. In fact, thousands of people are earning full time income dropshipping products on eBay.
The business model will always be a big part of the platform as it generates millions of dollars in revenue for eBay and attracts thousands of new sellers each year.
Building a long-lasting eBay dropshipping business is very much possible, it’s simply a case of learning the policies and implementing the correct way of doing things.
Keep in mind, dropshipping is a business model, not a get-rich-quick scheme. It’s going to take time and effort to start generating significant sales.
Since eBay has so many customers, you can easily have a sale at any given time. What if you get a sale, and when you order the product, your supplier is out of stock? If this happens, you will have to cancel the order.
As no one, even me, wants orders to be cancelled because of stock. You will need to link your eBay store to Hustle Got Real, which is dedicated to keeping track of stock and price changes, as well.
Pros & Cons of Dropshipping on eBay
Dropshipping on eBay can be extremely profitable. However, it has a fair share of disadvantages which need to be considered, particularly when compared to alternative options such as dropshipping products through your own ecommerce website.
To help you determine whether it’s the right business opportunity for you, here’s a side-by-side breakdown of both the pros and cons of dropshipping on eBay.
Pros of eBay Dropshipping
- More than 100 million buyers and over 1.5 billion live listings
- Start selling products in minutes with no tech skills needed
- No need to spend money on external advertising or marketing
- Reasonable selling fees with simple billing system for sellers
- Get your own customisable eBay store with exclusive benefits
- Well-established marketplace with seller protection policies
- Innovative ‘promoted listings’ service to increase exposure
Cons of eBay Dropshipping
- Constantly changing selling policies with little warning or notice
- Significant competition from other sellers in most major categories
- Strict copyright and trademark policies on images and descriptions
- Sourcing products from another retailer (arbitrage) is not allowed
- Often biased towards buyers with lack of fair resolution system
- Increasing number of mandatory policies and listing requirements
- Unwanted returns automatically accepted by eBay without notice
Lots of People Are Trying To Win
Because there aren’t many barriers to entry for dropshipping on eBay, many online sellers like you are attracted to it as a business model. This means that there’s a lot of competition.
Since many stores will be selling the same things as you, you’ll have to find other ways to stand out, which can take a lot of time.
Small Profit Margins
With so much competition, you might have to keep lowering your prices to stay a good option for customers.
Also, after the first 50 free listings, eBay will charge you to list more items, and the company will take up to 10 percent of your final sale price, which will cut into your profits. So, if you want to make money dropshipping on eBay, you need to make a lot of sales every month.
So having a good price strategy is essential! And you will also need to promote your listing on social media.
Is eBay Dropshipping Profitable?
How you answer this question depends on what you want to do with eBay dropshipping. If you want to make a little extra money on the side, dropshipping on eBay could be a great option because you don’t have to pay anything up front and there’s not much risk.
Tips for Succeeding with eBay Dropshipping
Starting eBay dropshipping is not too complicated a process. However, there are some things that will lead to the success of your new business when using this market performance model.
Prefer customer support. eBay customers are more likely to find out that you are working with dropshipping providers. If the supplier does not meet the guaranteed delivery time or ships products other than what the customer ordered, you are fully responsible. Respond to support requests in a timely manner to increase customer satisfaction.
Invest in advertised lists. Depending on your earnings, you can attract more customers through eBay’s advertised lists. This advertising in the market increases the chances of target customers to see your products.
Add a multiple purchase offer. Increase the average cost of an order by using offers for multiple purchases, such as one product for $5 or three for $12. This can increase the profitability of your dropshipping business as there is no need to repeatedly pay shipping or import duties.
eBay Dropshipping FAQs
Is dropshipping profitable on eBay?
Dropshipping on eBay is low risk and profitable. The secret to making a living through this business is to find cheap goods and sell them through the market for a higher markup. Finding good products is essential.
How much does a shipment on eBay cost?
Along with the cost of each product, eBay dropshipers pay extra fees for selling through the market. This includes listing fees, final price fees (up to 12.9% of the cost of selling the product) and store subscriptions (starting at $ 4.95 per month).
Is it worth dropshipping on eBay?
Dropshipping on eBay is a lucrative business model. It is worth thinking if you are a new entrepreneur looking for a inexpensive business idea.
Having a software that automate as much as possible your dropshipping store is really important. Hustle Got Real has many features are a must in a dropshipping store! Register now for free!