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Transcribe of “eBay Dropshipping. Top 7 eBay Selling Secrets.
Hi guys, Neil Waterhouse. Last month marked the anniversary of when I started selling on eBay 23 years ago. So I thought I’d share with you my absolute top eight secrets for dropshipping on eBay. Let’s know the best ebay selling secrets. If I’m attending an event, especially in another country, one question I get asked over and over is, was it worth spending all the time and money to attend that event? One of the many trips to the US cost me over $10,000 for the flights, accommodation, seminar fees, et cetera. And at that event, I learned the secret I’m going to share with you now.
This one secret that literally paid for that trip many times
This one secret that literally paid for that trip many times over, as I’ll show you. But before I get started, make sure you hit the subscribe button to the no fluff, ad-free channel that puts out weekly videos, teaching step-by-step how anyone can build a seven-digit eBay dropship business from scratch from their home using less than a $100. So let’s launch straight into it. I call this secret the power of one. It’s all about doubling down on just one item. Let me explain.
Building a seven or eight-digit eBay dropship business
Building a seven or eight-digit eBay dropship business is all about learning how to find and sell just one item and then double down. If you’ve learn the procedure to find just one proven item and then learn the procedure of how to sell that one item, you have the code to build a seven or eight-digit dropship business. Think about this. Let’s say you have one dropship item that sells for $50, and sells on average once per week and makes just $10 profit per sale after all expenses.
At one sale per week, that’s $50 times
At one sale per week, that’s $50 times 52 weeks in the year, which equals $2,600 or 2,600 annual turnover, and $520 profit for the year, i.e. $10 profit times 52 equals 520. Now, here’s the secret. If you learn how to find one proven product and sell it, you can then double down on what’s already worked and do the same again. Now you have two proven products listed. Using the same figures, if we go from one product to two, your yearly turnover jumps to 5,200, our profit jumps to $1,040.
Double again to four items and turnover goes to five digits
Double again to four items and turnover goes to five digits at $10,400, and our profit goes to just over $2,040. Double again to eight items, turnover goes to 20,800, our profit goes to $4,080. Double again to 16 items, turnover goes to 41,600 and our profit goes to 8,160. Double again to 32 items, turnover goes to 83,200 and our profit goes to 16,320. Double again to 64 items and you’re now at six digits, and turnover goes through 166,000 and our profit goes to 32,640.
Double again to 128 items
Double again to 128 items. Turnover now goes to 332,000 and our profit goes to 65,280. It’s purely up to you how many times you want to double the size of your dropship business. And like I’ve said many times in these videos, you don’t do the work yourself. You spend 10% of your profits on low-cost overseas virtual assistants, which you can get for a dollar an hour who research and list the items for you. So bottom line.
Learn how to find and sell one product
Whether you’re using my strategy or anybody else’s strategy, just learn how to find and sell one product, then double down. Stay tuned and next week I’ll share with you secret eight to building a seven-digit dropship business. If you missed secrets one to six, I’ll put a link on the screen and below.
I have a free online step-by-step workshop
If you want more detail about how to build an automated eBay dropshipping business, I have a free online step-by-step workshop, teaching how to build a seven-digit eBay dropship business using less than $100. I’ll put a link on the screen and below. Please leave me a comment below and make sure you hit the subscribe button to the no fluff, ad-free channel that puts out weekly videos, teaching step-by-step how anyone can build a seven-digit online business from their home, from scratch using eBay and Amazon, and using less than $100. Until next week, stay safe, list more, sell more. This is Neil Waterhouse.
Check the ebay dropshipping secrets. eBay Dropshipping – Secret 1
https://www.neilwaterhouse.com/ebay-sec-1/
How To Build a 7 Digit Dropship Business – Step By Step
How and where to find overseas staff from $1 per hour Click here