I'm reading Marsha Collier's book Starting an eBay Business for Dummies the 2007 edition. This book has some basic information as well as some advanced tips. I have always known there are unscrupulous individuals trying to pull fast ones on eBay but I have learned even more while reading this book. Bid Shielding is just one illicit activity that has apparantly been a thorn in eBayer's sides since it's inception. It basically means having someone you know up the price, then retract a bid to make sure that you, the seller, milks the most out of the buyer using the eBay bid proxy service.
It has gotten me excited about starting my own eBay business, which has been a slow process to say the least.
She seems against the whole Dropshipping idea. Other books speak favorably, but the catch there is that they have deals with these companies. Who to trust? I really wanted to create a dropship business so I didn't have to worry about storage, but I'm thinking it might be a little more difficult than I expected. I haven't tossed the idea completely, but I'm exploring other options.
Later on I'll have another update.
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BlissWrite:
I'm glad you read the book. I've been selling on eBay since 1996 and I write my books from my marketing background and from the lessons learned online.
The way to make money in drop shipping is if you can make an arragement directly with a manufacturer. Buying from a middle man means paying more for your items - and competing against 100s of sellers selling the same items. Many of these seller post their items for sale with ridiculously low markups, making long term profits impossible.
Get your sellers permit so you can buy legitimately wholesale. Purchase a few items (that you have room to stock) so that you can get a lower price from the manufacturer, then drop ship the balance of what you want to sell from them.
I hope this helps..
Marsha
www.coolebaytools.com
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