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AN EASY WAY TO START AN EBAY BUSINESS #dilato #dropshipping #sidehustle
Introduction
Starting an eBay business can be simpler than you might think, especially if you employ effective methods like dropshipping. Here’s how you can kickstart your very own eBay venture.
The Business Model
Take, for example, a popular product like outdoor lights. We sell these lights on eBay for £38.22 each. Remarkably, we've managed to sell eight units of these lights. When we make a sale, we purchase them from a supplier where they cost £25.49, and this price includes both free delivery and free returns.
Streamlining the Process
After buying the lights, we ship them directly to the customer’s address. This method of operation is what makes dropshipping an attractive option for many entrepreneurs, as it allows for a seamless transaction without having to hold inventory.
To help manage our products and keep everything organized, we utilize a platform called Delato. This tool plays a critical role in ensuring that all of our products stay in sync, enabling us to operate efficiently.
Profit Breakdown
When we sell the outdoor lights at £38.22, our eBay fees amount to £5.19 per sale. After deducting the item’s cost and the eBay fees, we enjoy a total profit of £54 for every unit sold. This is just one example among nearly 10,000 products listed on our eBay account.
By specializing in dropshipping and leveraging platforms like Delato, starting your own eBay business becomes significantly easier. You can reach a wider audience and build a profitable side hustle without the complexities of traditional retail.
Keywords
- eBay business
- Dropshipping
- Outdoor lights
- Delato platform
- Free delivery
- Free returns
- Profit margins
- Side hustle
FAQ
1. What is dropshipping?
Dropshipping is a retail fulfillment method where a store doesn't keep the products it sells in stock. Instead, when you sell a product, you purchase the item from a third party and have it shipped directly to the customer.
2. How do I start an eBay business?
To start an eBay business, identify products you'd like to sell, set up an eBay seller account, source those products, and list them on your eBay store. Utilizing tools like Delato can help you manage listings more effectively.
3. What are the benefits of using Delato?
Delato helps you keep all your products in sync across different platforms, making it easier to manage inventory, fulfill orders, and track sales.
4. How much profit can I make from each sale?
The profit varies depending on the product and its associated costs. In the given example of outdoor lights, the profit per unit after costs and eBay fees is £54.
5. Is there a limit to the number of products I can list on eBay?
While eBay does have rules regarding seller limits, new accounts often start with a limited number of listings. Over time, you can expand your listings based on your sales performance.