A eBay Drop Shipper’s Web Log

Making Money on eBay with Drop Shipping

Archive for January, 2008

eBay “Experts” are calling about the amazing new drop shipping secret!

Posted by dropshipebayer on January 30, 2008

I got a call today, not sure where they got my information but I am guessing it was DOBA.  It was from the “Auction Training and Profit Center” in Utah.  Couldn’t find much information on them when I looked on Google, but here is how the call went down.

The phone rings, I pickup.  There is a guy on the phone who asks “This is Paul Ruben, Am I speaking with the future eBay power seller?”.  Huh?  Was this someone who was reading my blog?

Well, right after he introduces himself and I introduce myself he starts into a heavy telemarketing script.  He asks how much eBay experience I have and how much time and money I have put into eBay so far.  I give him some short answers and the next thing he says really catches my attention.

“You’ve been doing it all wrong.  You should be making thousands per week by now, what do you think has been holding you back?”

I continue to tell him that I am new and that I am just experimenting until I get some solid cashflow so I can grow larger.  He then inquires how much cash I have available for my eBay business and if I have any credit cards to use.  I explain my cash on hand and my credit card senario to him and he continues.

He jumps into a speach about how we all need guidance and personal attention when getting started in a new business.  I told him that I couldn’t agree more and that I have been looking for a mentor for a little while and am a little frustrated because I want to start moving a little faster.

We then discuss how much a good mentor is worth and he agrees with me when I explain that it depends on what the mentor can provide.  He asks why I have not used a mentor yet, again with a “what is holding you back?”.

I explained that the mentor I wanted to work with (Chris Bernard) had suggested I keep going at my current pace until I had enough savings to afford to buy more products and really launch a complete business.  The mentor (Chris) explained that before I pay for mentoring, I needed to have the money to afford what he would recommend I buy.

“I am about to blow your mind!  What you be able to accomplish, how much money would you be able to make if I told you that you could have a personal mentor AND easily afford all the products you want.  You can sell thousands of products a day no matter what your budget!  How does that sound?” said Paul who was almost giddy at this point.

I must admit, being a bit of a novice still I suppose, my first thought was WOW!  That sounds great!  But the next words out of Paul’s mouth would make me realize once again the truth that I already knew.  There is no magic potion, no golden egg.  What did Paul say?

“Your mentor is going to teach you about a little known method of buying products to sell on eBay.  A secret that all of eBay’s top power sellers use to make huge amounts of money each month.  And, you’re not going to believe this, you don’t have to buy a single product until after it has already sold on eBay!  What do you think about that?  How much money could you make if you had access to unlimited products, had absolutely no risk, and didn’t need a single penny to invest?”

I may be a bit slow, but at this point I knew exactly where Paul was going with this.  “Do you mean drop shipping?”

 Paul quickly jumps on and replies “You’ve heard of it?  Great!  Then you probably already know that it is the hottest way to make money on eBay.  There are so many people making an absolute fortune on eBay with drop shipping, everyone wants to get involved!  So if you knew about drop shipping, why haven’t you gotten started yet?  What is holding you back?”

Now I was really laughing to myself.  He JUST SAID that I am going to learn a big secret (drop shipping).  Now he is saying that SO MANY PEOPLE are doing it!  Is it a secret or are so many people doing it?  But I was really curious so I indulged him.  I do feel a little badly about it, but I couldn’t help myself.  I wanted to know what he was selling exactly.  So I told him that I had tried drop shipping a little bit but that I gave up because it seemed like it would be too hard for me.

“You know what Drew, it sounds like you are really ready to get to the next level on eBay.  Most people I talk to have no experience and have no idea what to do to get started.  You sound like you have a very good start and are really just looking for someone to help answer your questions and maybe help you find some good products.  If you have a few minutes I am going to see if Mike is available to talk to you.  He’s been coaching eBay sellers for years.  I will explain to him that you have some eBay experience and just need some advice.  He can answer any questions you have and help you out.”

My first though was, how much is this going to cost me?  “We’re all about helping people out here.  Let me see if I can get Mike on the line and he will answer any questions you have for free.  He’s a great guy, he will be excited to talk to someone who is already so close to becoming a full time eBay seller.”

There is a little more talk then I am put on hold with some music while Paul gets Mike on the phone.

“Mike, I have Drew on the phone and we’ve been talking for a while.  Drew has already been making pretty good money on eBay but would like to make more of course.  I told him you would be happy to answer some questions for him and get him on his way.”

Mike then takes over the call and Paul disappears into telemarketer-land.  I am very skeptical but also kind of excited thinking maybe I was going to get some good FREE mentoring.  Mike starts talking about his eBay experience and how many people he has made into eBay power sellers and then asks that magic question “So, what has been holding you back?”

It seems like we relive the same conversation I just had with Paul.  Now, time for me to ask my questions.

“Will having an eBay Store increase my sales, or should I wait until I have more products?”

Mike’s answer, “Let me tell you about our program.”

Mike goes on and on about the value of a mentor and he keeps asking ME questions about what I could do if I instantly had the knowledge of all of eBay’s top sellers and all of their sources, including thousands of products I could sell without ever even have them in my hands.

This call has taken over 40 minutes now and my curiosity has started to fade.  I just want off the dang phone now.  Mike continues and finally he asks “How much would that be worth to you?”

Having missed the last 5 minutes of what he had said because my mind had wandered far elsewhere and also being a little annoyed at this point I said with a small bit of scarcasm “ten million dollars”.

Mike replies “great, would you like to put that on your Visa or Discover card?  Just kidding Drew.  But you are right, having your own personal mentor has almost unlimited value.”

Mike then drones on for another 5 or so minutes.  “We offer three levels of mentoring.  Our basic level is $12,600.  It is for people who have little to no experience and need coaching on everything from setting up their eBay account to learning what feedback is and how it affects you.  As Paul told me, you are way beyond that already.  Our second level is our intermediate level.  This is the level that would be perfect for you.  We assume you already have your eBay account, PayPal account, and know your way around eBay pretty well.  We’re going to focus on helping you find products that you don’t need any money to sell, creating listings on eBay that get higher bids, and turning your little eBay success into your huge eBay fortune.  Our intermediate package does include unlimited phone coaching and it is just $9,400.  The great thing about it is I can split your payments between two or three credit cards.”

Shocked by the amount of money they want for someone to tell me to try drop shipping, which I would pay NOTHING for, I quickly and firmly say that I cannot afford that.

“Well Drew, if we put that on your credit card the monthly payment will be under $300.  You can afford $300, can’t you?”

Since when is $300 a month, just $300.  Maybe I can afford $300.  But that doesn’t mean I can afford $300/month.  That is more than my car payment!  I let him know that I simply cannot afford it and that this doesn’t sound like something I can do.

“Let me check on something Drew.  Can you hold on for a minute?”

I tell him that I really have to be going.  “I’ll just be 30 seconds.” Mike insists, so I say ok.

“What I am going to do for you is this.  I am going to cut out the give you the advanced level price but on this form I submit for the coaching I am going to fill it out as intermediate.  This way you will get the full intermediate level of coaching and all the tools but will only pay the advanced level price.  If I can do this for you would you want to put it on your Visa or do you want me to split the payment between a couple of cards?”

Ummm, he didn’t even tell me the price of the “advanced level”.  So, I bit and asked “How much does it cost?”.

“$6,700.  For this price, of course the unlimited phone coaching is normally not included.  Our advanced level clients usually only need 10 – 15 hours of phone coaching.  But, I am going to charge you for the advanced level but when I fill out the form I will put it as intermediate.  You will still get unlimited telephone coaching and all of the tools and sources.”

I of course respectfully decline.  Mike then asks when he can do to get me on the right track to becoming an eBay power seller.

I HANG UP THE PHONE.

I was so tempted to send them to the dropshippingsucks.com website and say “can you tell me how drop shipping will work for me when there are all these problems” but I thought it would be better just to stop wasting their and my time.

Although I do think that if Chris never mentors me I will eventually choose another one, these guys will never work!  They talked in circles, offered no new insights, and were planning on recommending drop shipping.  I am guessing they were going to recommend DOBA.  That is a guess.

That is my telemarketing story.  Now, back to real business.  Wish me luck!

Posted in DOBA, Drop Shippers, Drop Shipping Sucks | Tagged: , , , , , , , , , , , | 8 Comments »

I want to hear your stories about drop shipping and eBay!

Posted by dropshipebayer on January 26, 2008

I decided to try something new today.  Since I have started getting a few comments now I thought I would ask you for your experiences using drop shipping on eBay.  Some of you may have good experiences, most of you probably have some drop ship nightmares to share.

If you read through the history of my blog you will see that I started out with a drop shipper called DOBA and have since dropped drop shipping completely and am currently using the methods taught at “Drop Shipping Sucks“.

If you have some good and bad stories about your drop shipping experiences, especially when dealing on eBay, let me know them and I will publish them here.

My status is still strong.  I have recovered from my telescope selling nightmare where I sold a telescope for $1 on  a buy it now auction.  Ooops!

Thanks in advance for your comments and drop ship stories.  Wish me luck!

Posted in DOBA, Drop Shippers | Tagged: , , , , , , , , | Leave a Comment »

Big Loss on eBay Because I am an eBay Dummy!

Posted by dropshipebayer on January 18, 2008

Have you ever listed an auction late at night with a buy it now instead of a starting bid?  I did and it really hurts!

I was selling a telescope I found using the better sources guide I always talk about and was really excited.  I bought it for just over $20 and was ready to sell it for around $60 after shipping, seeing that the other completed items for this exact model were going for that or more.  It would leave me with a profit of around $30 after my shipping costs and ebay/paypal fees.  I was excited about it.  I was going to start the bid at $1.00 and watch with joy as it ended up with many bids.

That would not happen.  Instead I listed it for $1.00 BUY IT NOW.  Well, needless to say it sold fast.  It sold so fast that it was too late for me to fix my error.  Now, that $30 profit is a $10 loss.  I still make money on the shipping & handling so I will lose about $10.  But that makes me so mad!

Also, I was lucky enough to get SIX of these telescopes.  Now, I am worried that nobody will want to pay more and bid up when they see one in my feedback that went for $1.  I am going to ask the buyer not to leave feedback for the purchase so hopefully she will understand and not leave me any.

Wish me luck and that I get a brain!

Posted in eBay Stories | Tagged: , , , , , | 2 Comments »

Good Niches are EASY to Find!

Posted by dropshipebayer on January 15, 2008

Rather than just talk about my early faliures using drop shipping and my recent success not using drop shipping I am actually going to give some good advice.  Yes, I know, about time!

Many people have read that finding a good niche on eBay is important.  But what you don’t read is that a good niche is not a general niche.  Electronics, clothing, jewelry, these all sound (sounded) like good niches to me but they are not.  In fact, unitl Chris explained it to me ALL of the niches I was considering were like that.  General product niches.

Well, after I finally bit the bullet and paid to call Chris to talk to him one on one I learned more than I ever thought possible.  I learned what niche really meant.  It is not electonics, clothing, etc.

Once Chris told me two good niches, only one of which I am going to persue, my mind just started working and finding niche after niche.

So the good advice I have for you, call Chris, but aside from that when you start to think of a niche, think about the specific things you enjoy.  Think about the specific things you like to shop for and use.  When it comes to a niche, don’t think about profits.  Get that out of your head.  Think about what you enjoy and the rest will follow.

Quick eBay update:  I am now over $800 in profit!!!!!!!!!

Posted in Uncategorized | Tagged: , , , , | 2 Comments »

A New eBay Drop Shipping Picture Finally!

Posted by dropshipebayer on January 9, 2008

Bart Simpson Must Have Said Drop Shipping Works!

It has been a long time since I posted another funny picture from Drop Shipping Sucks.  Here one is!  I decided today would be a good day because I am celebrating my passing the $300 profit mark!  Now, if I can turn that into $300,000 I will be happy.

Ok, I am not greedy.  One level at a time is fine.  $300 then $3000 then $30,000 then!!!

I am also looking into trying Worldwide Brands which Chris does recommend but right now I am doing so well I am worried it might take me back.  The membership cost would wipe out 100% of my profits so far so I think I will wait to I have at least a $500 cushion and then maybe give it a fly.  Since right now I am buying products signifigantly under wholesale price, it might be a step backwards in that regard.  We will see what I decide next week.

Wish me luck!

Posted in Drop Shippers, Drop Shipping Sucks | Tagged: , , , , , | 5 Comments »

How much is an eBay mentor worth?

Posted by dropshipebayer on January 8, 2008

Ok, I am doing well on eBay.  Nothing to quit the day job over but I feel I am right on the verge of making big money and have this nagging in my head that says if I had a mentor I could just be crusing.  I have talked to a company that offers mentoring for almost $3500!  That is just too much for me now.

Also, they brought up drop shipping.  One of the first things they talked about was how exciting and easy it was to make money on eBay with drop shipping.  No way.  I am not going to fall for that again.

I really want to contact Chris from www.dropshippingsucks.com and offer him some money to mentor me personally.  How much do I offer to pay for this?  What mentoring is best?  On demand on the phone?  Set times?  Just IM all the time?  I am going crazy with the possibilities and getting frustrated too.  I know I am just an inch away from BIG TIME success but I cannot go fast enough.

I guess I will contact him and have him make an offer.  He has got to be so sick of me by now.

WISH ME LUCK!

Posted in Drop Shipping Sucks | Tagged: , , , , , | Leave a Comment »

The eBay Drop Ship Scam

Posted by dropshipebayer on January 7, 2008

Ok.  I cannot believe what prompted me to write this today, I GOT BURNED by someone using drop shipping.  Well, at least I am 95% sure they were.  Here is the situation.

I was buying a cool little novelty lamp on eBay and got what I thought was a great price – under $10.  I was very pleased and the seller had good feedback rating of 98.2% with many feedbacks.  So, I was excited and paid right away with PayPal as I always do.

Then, about 2 – 3 hours later I get an email from the seller stating they cannot complete the transaction because they are out of stock.  How could they be out of stock, they listed the item for sale!!?  So, I asked them what this meant.

“$14 is less than we can sell the lamp for as it is way below our cost and our supplier is currently out of stock.  We meant to list this with a minimum bid of $30, we are sorry for the error.  We have a similar lamp we can list if you would like to buy it now for $33.50 which is our cost.  The total would be $37.50 with shipping.  We hope that you will understand and will not leave negative feedback as we have already refunded your Paypal payment.

Regards,
Nick”

So, looks like a victim of drop shipping.  But here is the question.  Do I leave neg feedback?  I really wanted the lamp and was excited to find a good deal, on the other hand I feel sorry for the guy and with my recent experience can understand his situation.  Drop Shipping Sucks.

I will think about it.

The good news is most of my auctions are going strong.  I did have a couple without bids but I am still in the PROFIT zone which is all I am trying to do right now.  Consistantly profit.

Posted in Drop Shippers, Drop Shipping Sucks | Tagged: , , , , | 2 Comments »