Publisher: Earl Williams
Shop-Now Mini Mall
Dropshipping is a highly profitable, low-risk, easy to set up method of delivering products to customers. Because you hold no inventory, you preserve valuable capital that you can invest into other areas of your business. This is especially important with eBay businesses, where cash on hand is often limited and can't afford to be tied up in inventory.
How do "The Pros," i.e. powersellers, use dropshipping to boost their profits? Here are a few ways.
==> Launching a New Business
If you're launching a new business, there's no sense in sinking a bunch of money into it before you know if it'll work.
Instead, why not try it through dropshipping? The margins will be slimmer and you may even risk losing money. But you'll be able to prove how much volume you'll be able to generate before you risk cash in inventory.
It's much better to risk 30 cents per sale through dropshipping, than it is to risk $30,000 in inventory by stocking a thousand units.
==> Testing What to Upsell
Let's say you're selling fishing rods. What else should you sell? Hooks? Lines? Sinkers? Books on fishing? Bait boxes?
You never know. And you probably shouldn't buy 500 of each just to test out selling each one.
Instead, establish a dropshipping relationship with your wholesaler and try each of them. It won't cost you anything to figure out which products don't work. Once you find the ones that do, you can continue dropshipping, or order wholesale.
==> Seeing Customer Response for a New Product
Will they love it or hate it? Again, you don't have to take a financial risk to find out.
You can launch new products without risking your hard-earned cash by dropshipping. Read the reviews and talk to your customers to figure out if the product is up to snuff.
Once it's proven it's earning potential, then and only then do you stock up on hard inventory.
==> Testing a Vendor Relationship
Apart from the product itself, dropshipping is a great way to test out a new vendor relationship.
How "on the ball" are they with requests? Do they fulfill dropshipping orders promptly? Do they hassle you about billing before your net 30/60/90 period is up? Do you feel like you have connection and rapport?
It's much better to ferret out any problems in the relationship on a $20 dropshipping relationship than on a $20,000 wholesaling relationship.
These are just a few of the methods that smart eBay powersellers are using to boost their profits. Dropshipping can be a very powerful way of increasing your profits while decreasing your risks. You can use it to launch new businesses, test upsells, test new products and even test a new vendor relationship. You can do all this without tying up any significant amount of cash.
About the Publisher: Earl Williams is a real entrepreneur who own and operate his online mall. Shop-Now Mini Mall is the place whereby consumers directly buy goods or services from a seller in real-time online from a list of stores on our site. The consumer deals direct with the merchant for which we provide the store links. Our online shopping mall provides everything you need for shopping online.....
Friday, August 19, 2011
Monday, August 01, 2011
Does Your Online Socializing Interrupt Your Productivity
Publisher: Earl Williams
Shop-Now Mini Mall
If you're like most internet entrepreneurs, you'll probably notice you spend a disproportionate amount of time checking Facebook, Twitter, your email or your web stats. How much productivity does this really cost you? And how can you cut down on this productivity loss?
==> The True Price of Socializing
If you check your Facebook for just five minutes, two or three times a day, plus your email another two or three times a day, that doesn't seem like much, does it? It seems like very normal online behavior in fact.
In reality, the costs are huge.
Let's say each time you decide to check Facebook, it interrupts your concentration and costs you momentum in a project. In addition, it takes you an additional ten minutes or so to get back "in the groove."
While you're on Facebook, you might see a cool link or video. Or perhaps a slightly political comment on a friend's wall that you want to discuss. You get sidetracked and spend an additional five or ten minutes.
When you add it all up, each distraction could easily cost you fifteen to thirty minutes of productivity.
Did you know that you can really just check your email once at the beginning of your work day and once at the end and still address all the important emails in a very reasonable time frame?
Did you also know that, even with 1,000 friends, you can easily view all the posts that were posted in a day in about twenty minutes - checking Facebook just once a day?
The cuts in productivity aren't necessary. You aren't missing out on anything by streamlining your online social networking.
==> What to Do about It
As mentioned above, one very effective system is to just check your email or Facebook once at the beginning of the workday and/or at the end of the workday.
If the interruptions feel like an addition (it does for many), consider getting a site blocker for a short period of time.
Even if it's just for two weeks, it can help you get in the habit. Set up the site blocker so Facebook.com, Gmail.com, Twitter.com, etc. aren't accessible during work hours. That way you won't even be tempted to access those sites.
Also consider trying a productivity monitoring system. These are systems that will actually watch how much time you spend on email, on work and on sites like Facebook and report it to you at the end of the day. You'll probably be shocked at how much time social networking really takes when you see the numbers.
You now know how much online social networking can really be costing you in terms of productivity. You also know a number of ways to break this habit. Remember: adding just an hour or two to your daily productivity can mean a lot of real money added to your bottom line in a few months' time.
About the Publisher: Earl Williams is a real entrepreneur who own and operate his online mall. Shop-Now Mini Mall is the place whereby consumers directly buy goods or services from a seller in real-time online from a list of stores on our site. The consumer deals direct with the merchant for which we provide the store links. Our online shopping mall provides everything you need for shopping online.....
Shop-Now Mini Mall
If you're like most internet entrepreneurs, you'll probably notice you spend a disproportionate amount of time checking Facebook, Twitter, your email or your web stats. How much productivity does this really cost you? And how can you cut down on this productivity loss?
==> The True Price of Socializing
If you check your Facebook for just five minutes, two or three times a day, plus your email another two or three times a day, that doesn't seem like much, does it? It seems like very normal online behavior in fact.
In reality, the costs are huge.
Let's say each time you decide to check Facebook, it interrupts your concentration and costs you momentum in a project. In addition, it takes you an additional ten minutes or so to get back "in the groove."
While you're on Facebook, you might see a cool link or video. Or perhaps a slightly political comment on a friend's wall that you want to discuss. You get sidetracked and spend an additional five or ten minutes.
When you add it all up, each distraction could easily cost you fifteen to thirty minutes of productivity.
Did you know that you can really just check your email once at the beginning of your work day and once at the end and still address all the important emails in a very reasonable time frame?
Did you also know that, even with 1,000 friends, you can easily view all the posts that were posted in a day in about twenty minutes - checking Facebook just once a day?
The cuts in productivity aren't necessary. You aren't missing out on anything by streamlining your online social networking.
==> What to Do about It
As mentioned above, one very effective system is to just check your email or Facebook once at the beginning of the workday and/or at the end of the workday.
If the interruptions feel like an addition (it does for many), consider getting a site blocker for a short period of time.
Even if it's just for two weeks, it can help you get in the habit. Set up the site blocker so Facebook.com, Gmail.com, Twitter.com, etc. aren't accessible during work hours. That way you won't even be tempted to access those sites.
Also consider trying a productivity monitoring system. These are systems that will actually watch how much time you spend on email, on work and on sites like Facebook and report it to you at the end of the day. You'll probably be shocked at how much time social networking really takes when you see the numbers.
You now know how much online social networking can really be costing you in terms of productivity. You also know a number of ways to break this habit. Remember: adding just an hour or two to your daily productivity can mean a lot of real money added to your bottom line in a few months' time.
About the Publisher: Earl Williams is a real entrepreneur who own and operate his online mall. Shop-Now Mini Mall is the place whereby consumers directly buy goods or services from a seller in real-time online from a list of stores on our site. The consumer deals direct with the merchant for which we provide the store links. Our online shopping mall provides everything you need for shopping online.....
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