Please confirm that you want to add Start a Business Dropshipping Topps Baseball Cards to your Wishlist. But, I'm going to make the proper assumption that you have no idea who I am.

With dropshipping, you are not buying the products upfront. So it doesn't matter the number of products that you list for sale. The supplier will be sending the product on your behalf to the end customer. You will pay for the product once a customer orders from you. This is the fee to pay the wholesale supplier to split apart cases and pack one product to send to your customer.

Sometimes you will see a higher drop ship fee, which is understandable once you see the type of product that will be sent. Delicate products take more to pack and ship them, so the extra cost has to be charged in the drop ship fee. This all depends on the products that you source and the supplier that you work with.

All wholesale suppliers have their own wholesale pricing structures, so you will have to contact the wholesale supplier that you want to work with to get those wholesale prices to see what type of profit you can make. A middleman is a company that was created to simply pass on orders. A middleman will not hold inventory and will send your order to the actual manufacturer or wholesale supplier to send the product. They charge extra fees to do this, and that is typically found in the increased "wholesale" cost.

How do I get images and descriptions of the dropshipped products for my website? You can use dropshipping to sell on eBay. You will get even better pricing by purchasing wholesale products in this manner, and you will have the control over your shipping so there will not be an issue with feedback.

How do I know the product will still be in stock by the time I sell it? Many wholesale suppliers have real time inventory. That means that at any given moment, you can go to the wholesale suppliers website, and they will tell you the number of items left. Dropshipping wholesale prices are higher, because you are buying one product at a time.

Bulk discounts occur when you can purchase the required minimum from a wholesale supplier. The more you buy, the higher the discount. This is how large chain stores like Wal-Mart, Target, Best Buy and etc are able to keep prices so low. They are buying in HUGE quantities to stock their stores Worldwide. Dropshipping takes extra time and manpower. Many wholesale suppliers are not willing to do business this way and it will increase their overhead. Legitimate wholesale suppliers will require a business tax ID in order to sell wholesale to you.

This makes the products non-taxable to you, but you can tax your customers. If you are interested in a specific country, and only want to work with wholesale suppliers in that country, you are welcome to do so. Keep in mind, that since International rules differ from the US, there is no tax ID involved like you would need for the USA. So you will typically not need a tax ID in order to work with US wholesale suppliers.

However, you will still need to obtain a registered business name and any other documentation required to prove you are a legitimate retailer. So you will need to check with your country or region to see what you need to show you are a genuine retailer.

There are a lot of great free resources out there that will provide you with what you need to know. Do I need a Tax ID to work with dropshippers if I am only planning to sell on eBay? The same rule applies as above. Your website or online store is your store name. Business names can differ from your store name. But the important thing is to register with your state. I have an EIN. Is this the Tax ID the suppliers want in order to work with them? An EIN is a federal ID number. This allows you to have employees and submit taxes on those employees.

Many wholesale suppliers will accept an EIN, but you also need to get a Tax ID number from your state to charge sales tax to any customer that is also located in your state.

Will the dropship supplier use my company information on the shipment to my customer? If I give my customer's information to the dropshipper, couldn't they steal my customer from me and cut me out of the sale for any future purchases? A wholesale supplier's business is selling to retailers, not the end consumer.

Some wholesale suppliers have contracts you can sign that will state they will not market to your customers. How are returns handled? Do my customers ship the products to me or the supplier? This will vary from wholesale supplier to supplier. Each has their own rules on returns. You will have to adhere to the wholesale suppliers policies.

Blind dropshipping is when the wholesale supplier will use a return label that reads something like "Fulfillment Center" or "Shipper" as the business name. How do I figure out how much to charge for shipping when using multiple dropshippers? This can be complicated, since a customer could potentially order 2 different items from 2 different suppliers.

You wouldn't want to charge your customer too much for shipping, so you can do a few things; 1. You can make sure that your suppliers use one service like UPS to ship. Then you can use the UPS calculator to get shipping costs for the 2 products from one location. You can calculate shipping charges on each product and charge a flat fee for shipping.

You will lose money on some shipping charges, but you will gain on others. No overhead is the first benefit. You are not storing and stocking the inventory, so there are no extra costs involved there.

There are no extra costs for you to take the time to pack and ship the product. Dropshipping is also great for testing the product. Are the products from the drop ship suppliers junk and cheaply made? These are all brand new, straight from the factory products. Some are products that can be placed in a dollar type store, but other products are more for boutique high end stores.

Do you have a hot list of products so we can start selling right away? Hot lists are not to be trusted. If you are looking at a hot list, then thousands if not millions of other sellers are looking at that hot list too. That increases the competition on those products, and you can easily be driven out of that product marketplace.

Applicable to the United States, an Employer Identification Number or EIN is the corporate equivalent to a Social Security Number, although it is issued to anyone, including individuals. The purpose of an EIN is so that the IRS will be able to identify your business for taxes. You need an EIN to work with wholesalers. Without it, you will not have access to legitimate wholesalers. With an EIN you won't have to pay sales tax on products you buy for your business, including items for resell.

How to Setup a Business License U. The reason to consider getting a business license is because you separate yourself from your business. Your business becomes a person and will be considered one. At the start, I chose to become a sole proprietorship. You alone own the company and are responsible for it's assets and liabilities. Once you're making money and the business becomes profitable, I became a limited liability company.

LLC's are not taxed as a separate business entity. Instead all the profits and losses are passed through the business to each member of the LLC. Members report profits and losses on their personal federal tax returns. Advantages of an LLC, members are protected from personal liability for business decisions or actions. If the LLC incurs debt, the issued members personal assets are usually exempt.

Keep in mind that limited liability means limited liability. Members are not necessarily shielded from wrongful acts, including those against employees.

Finally, there's less registration paperwork and there are low start-up costs. Disadvantage of an LLC is self-employment taxes. Members of an LLC are considered self-employed and must pay the self-employment tax contributions towards Medicare and Social Security. Their entire net income of the LLC is subject to taxes. To get an LLC, you must file the Articles of Organization, which is a simple document that legitimizes your LLC.

It includes information, like your business name, address, and the names of its members. In most states, you file with the Secretary of State. There will be an associated filing fee for this document. You can register with the state you live in. Go to your state government website. You can file with your state online. How to Setup a Business Bank Account. Once you have an LLC, your money should be separated into a business bank account, and kept away from your personal bank account.

You're letting the IRS know that your business is a separate entity and that you're serious about making a profit. If you're being sued and you don't have a separate bank account for your business, then you're not showing that your business is a separate entity! Bank of America has very good customer service, with very nice people. You have an easy access to ATM's and Branches everywhere in the United States.

You can deposit cash and checks at any ATM. I went to Bank of America to open a business bank account and brought all these business documents. Articles of Organization, Tax ID number, Driver's License, Birth Certificate, and Social Security number.

If you want to be successful, continue to keep your costs low. The first time I opened a business checking account, it was with a local credit union.

I had a personal checking and savings account with them and they weren't that bad. It was March 26, and the biggest product of the year was being released. Wholesalers were gonna charge my bank account in the afternoon and ship my customers orders afterwards. But, it's not that easy. People usually aren't best friends with their banks. Does anyone have a good experience with their bank?

Leave a comment below and tell me about it! How to Start a Business Internationally. Use it in order to sign up and register a business. To work with wholesalers, all you need to do is prove you have a legitimate business. Once you set up a business in India, you are legitimizing your business and you are able to do business anywhere in the world. If you want to do business in the US, call the manufacturer who produces the item you want to sell.

Introduce yourself, the name of your company, and where your business is located. They'll give you a list of wholesalers you can work with in India or wherever you're located.

I'm not a lawyer or an accountant and I can not give you legal advice. When you "Google" this information, you'll be connected to your government website. Make sure it's a legitimate government website because you don't need to pay anyone to file the paperwork to become a legitimate business. The government will show you a step by step process, for free and will give you in-depth information in order to legitimize your business.

This will enable you to get products at wholesale prices and work with legitimate wholesalers in the US and internationally to start dropshipping products to your customers, anywhere in the world. Getting started with eBay is virtually risk free for you. You don't need any startup capital and you don't need to take out a loan. You benefit from massive amounts of internet traffic. There are safety measures that protect buyers and sellers from fraud. Your income potential is virtually unlimited and is only limited by…your ability to find items to resell.

Your knowledge of creative selling techniques and your time. You can list a product immediately and make a sale on eBay within 6 hours of listing that item. If you're new to selling and marketing then eBay is a great solution. The best part is, eBay only gets paid when you make a salet! Go on your desktop, laptop, or tablet. Make sure you log into one of those options before continuing. You're not done just yet. You still need to learn how to create an eBay selling account. Go to the top left hand corner of your screen and click on your name.

Next you need to click on the sell tab that is located on the top left corner of your screen. The final step to creating your eBay selling account is to click my account and then on eBay store subscriptions. You do not need an eBay store in order to create a selling account. This will prevent fraud.

Next type in your credit card information because this is how you pay your eBay commission fees every month after you sell an item.

You'll quickly come to know that eBay and PayPal work hand and hand. Especially when you're first starting out. PayPal is owned by eBay and eBay requires you to use PayPal to accept payments when you're first start to sell. Because of this you're forced to create a PayPal account to sell on eBay. So lets get you started! You need to review your account information and then click continue. Now that you've created your PayPal account you need to finish linking your eBay and PayPal accounts in order to sell on eBay.

Now that your eBay and PayPal accounts are linked. PayPal will prompted a screen that requires you to create two security questions to protect your account. Any time you're dealing with a financial account you want it to be secure as possible.

You're going to need to link your credit card, bank account, and social security number with your PayPal account. This is to prevent fraud and confirm your true identity. You're going to have to rely on your abilities to adapt and learn new things. Throughout this book you're going to be introduced to websites and tools you're not familiar with.

Most websites have knowledge bases and videos that will teach you to how to use their websites properly. Your ability to learn these new skills will determine your success. Once you sign up for a PayPal account and make your first sale, you'll notice that eBay holds the sale transaction money into your PayPal account for up to 21 days.

This is to prevent fraudulent transactions. You need to be patient because eventually they will not have that 21 day limit placed on you. This is only for new sellers to prevent fraud. When you upload your tracking number for each order, PayPal will release the funds business days after your customers order has been received.

To start, PayPal charges 2. Once you start selling more, that will be automatically be lowered to 2. You will get to that point eventually, you just have to be patient throughout the process. This is easy to accomplish, you just need time. Like Frank Sinatra said if you can do it here, you can do it anywhere.

How to make money selling Baseball cards. | eBay

Meaning if I can do it, you can do it. How to conduct presale research on eBay. As you start to evaluate product listings, be sure you determine the total number of results, the number and percentage of listings that sold. The price of products that sold in last 90 days. We did the same thing in the lecture searching eBay completed listing. Do this for each product you want to sell. Create the title, describe the item clearly and include the keyword phrases that best describe the product.

What's the product name, color, type, gender, brand, size, style, sku, and condition. The product description should be thorough and clearly describe the product and its condition.

Be sure it points out specific or unique features benefits and specifications. Use consistent business-like fonts and colors. Use black coloring, arial font, size 12, and bold the headings. Keep your sentences and paragraphs short and to the point. Buyers want to get the facts of your product quickly. They don't want to read a lot of text. So keep your paragraphs at four sentences or less. Use bullet points to make the listing skimmable and give emphasis to benefits features and specifications.

Carefully check the grammar, punctuation, and spelling. Get help, if necessary, to get it right. Include return shipping and payment policies in your descriptions. Save your policies as a document to easily copy and paste for every eBay listing. As for product descriptions, I just copied the manufacturer descriptions and was on the first page on Google.

Upload stock photos that very clearly highlight all the features of the item. You can list up to 12 pictures. List as many pictures as possible that will add value to customers experience. The pictures need to be large with at least one side with pixels. There's no way around this.

No matter how good your customer services is. No matter how good your shipping and return policies are. The customer will always go with the seller with the lowest price with the best feedback. The best shipping, return policies, and customer service will supplement the best price.

Product quantity, you're limited to listing 50 items on eBay to start so keep each listing quantity to one per listing. In my experience, the dropshipper will give you free shipping anyway so it's a no brainer. You don't have to pay for shipping and neither should your customers. Return policy, offer a better return policy than your competition.

In retail your customer always knows what they're buying You should have a return policy because your customer likes knowing in the back of their minds that the option to return their order is available. In all my years doing business I've had one customer return their order. Accept the 60 day return policy on eBay and check off that the seller will pay for return shipping. This gives the customer virtually no risk purchasing from you.

Describe your item clearly and include the keyword phrases that best describe it. Avoid keywords that have nothing to do with the product you're selling. Use as many of the characters allowed in the title as you can and use descriptive terms to consider the following:. Your description should be thorough and clearly describe the product and its condition.

Be sure it points out specific or unique features, benefits, and specifications. Use bullet points to make them skimmable and to give emphasis to benefits, features, specifications. Give it a professional appearance. Carefully check the grammar, punctuation, and spelling and get help, if necessary, to get it right.

Include return, shipping, and payment policies in the description. It is very easy to just copy and paste the manufacturer description.

On eBay, that's exactly what I did and my listings were found on the top of the first page on Google. My business wouldn't be where it is today without eBay, so thank you very much eBay.

Very clear pictures that highlight all of the features of the item. List as many pictures as possible that will add value to your customers experience. You want them to be sized large at least 1 side with px is required by eBay. In my experience, the dropshippers will give you free shipping anyways so it's a no brainer. You don't pay for shipping and neither do your customers.

If your drop shipper doesn't ship for free, find another drop shipper that will. Offer a better return policy than your competition.

In retail, your customer always know what they are buying. You should have a return policy because your customer likes knowing in the back of their minds that the option to return their order is available. In all my years of doing business, I've had 1 customer return their order. You want to accept a 60 day return policy on eBay and say that you will pay for return shipping. You want to be better than your competitors and give your customers the best value so they will purchase with you and not someone else.

Again, you have nothing to be afraid of because since , I've had 1 return. I swear to you, only 1 return. So you have nothing to worry about. It's the cost of doing business. Potential customers want to make a purchase from you if you have the best price. No matter how nice you are, no matter how accommodating you are to them, no matter what your shipping and return policies are nothing makes up for having the lowest price. This is just the retail world we live in today.

So you want to match the best price. The core of your business should be built around things that won't change. Invest in business concepts that people are going to want today and thirty years from now. These things will always be in high demand. When you focus on permanent features, you're maximizing your long term probability for success.

How to Increase eBay Selling Limits. Selling limits serve the purpose of preventing fraud. It's easy to increase your selling limits. You're going to have to be patient.

You'll need to sell some products and max out your selling limits during your first month and receive 5 star feedback from those transactions. Which limits your cash flow. They'll want to know where you get your products. What other platforms you're using. They will mostly go by your past selling performances. They will increase your limits every 30 days immediately after a phone call with a representative. After about 1 year or 12 calls to talk to eBay about increasing my selling limits.

Simple Bookkeeping to Keep Track of Profits.

Can you make a profit buying and selling Magic The Gathering cards? | Yahoo Answers

When your first sale comes in, you need to keep track of your revenue and all your cost of doing business. The IRS is going to want to know during tax season and you're gonna wanna know how much money you're making also.

You need something to measure your goals against. You need to keep track of your cost of doing business so you know what expenses need to be cut. You'll learn how to use Microsoft Excel to keep track of the books for your online business.

At this point, you should not have any upfront expenses. The only expenses you will encounter is after you make a sale. In that case, you only need to keep track of sale transactions.

Create a Microsoft Excel file and title it with your business name and year. Create Column headings for each of these fields. You can copy and paste the buyers shipping address and email address to be able to easily contact them in the future.

Mark down the contents of your customers order. You can also copy and paste right from the sales invoice. How much did your merchant account, payment gateway, or PayPal charge you for the transaction?

Upload the tracking from your customers order into your excel spreadsheet to keep track of shipping history. Once you've made a sell with a customer, there is no reason that same customer should ever buy from you on eBay again. You want to invoice the repeat customer from PayPal and avoid the eBay fees.

You know your customer now and you know how to contact them. You know what products they're interested in. You will use this information to make sales with them in the future.

You no longer need eBay. How to Avoid Getting Banned From eBay. When I first started selling on eBay, I believed that the more products that were listed in my eBay store the more profits I could make and the better my business could be. I was listing and selling products that were getting drop shipped from distributors and I had problems updating my inventory on eBay.

Meaning, if you're listing 2, items in your eBay store any 1 item could become sold out with your distributor or they could raise the price of the item. Lets say your distributor sold out of one of those items and you sell that item on eBay, what are you gonna do? You can either find another distributor and hope they have that same product or buy it at retail.

The worst case happened to me 7 times in the last 12 months and it's the only reason why I got banned from eBay. I wasn't able to find the product anywhere for any price because there is none left. So you have no choice but to beg your customer and eBay for your forgiveness and hope they won't leave you negative feedback. The customer didn't understand or seem to believe that I ran out of product and only believed that I was holding out on the product to make even more of a profit because the product in question raised in value since the customer bought it.

It was also the main reason why everyone is sold out on it now and I wasn't able to fulfill their order at this time. What you want to do to avoid this is list items from the wholesalers inventory that has at least a quantity of 12 in stock and ready to ship because a lot of the products I was selling the wholesaler only had 1 item available of that product.

You also want to never stop product sourcing. You want a good standing relationship with every wholesaler and manufacturer you can possibly find. It will even get to the point where you'll work with other retail stores to get a good price. Overview of Brand Values to Gain Customer Loyalty. Today, we're going to talk about customer service. These are the things that you want your customers to perceive about you and your business. People want to trust other people instead of corporations.

You want to have core values and have your business stand for something special. Sports Pulse was about connecting customers with card shops around the U. Help support them and keep the stores open. Don't have a problem saying no to a customer. You should know what you will never do and tell your customers that. You have integrity and stand for what you believe in.

You also want to be authentic and have that authenticity reflected in your business. Emulate businesses you love and buy from. What do they do great? What do they do differently? Analyze their business and emulate those same authentic qualities into your own.

Don't be afraid to be yourself and act your size. You're not a corporation, you're either one person or a small group of people. That's okay and embrace who you are. You can't always surprise your customers, but the unexpected gets remembered. Give a little extra value away as an extra bonus gift that they might not be expecting. Try and surprise your customers every single time. Go the extra mile to put in the work and win their loyalty.

That's how businesses win in the long run. You want to be consistent. Imagine if the same dish at your favorite restaurant tasted different half the time you went. You'd never know what to expect, the good or the mediocre. So, you'd be less likely to eat there. If you say you ship products within 48 hours, be consistent and do so. If you don't send an email right away and apologize. Be personal with your customers and go that extra mile in getting to know them too.

They'll be more lenient when you make a mistake. Develop Customer Relationships to Increase Sales. What have you done to build a relationship and trust, so that the customer spends money with you? When a customer wants a return, do you follow through on all your promises and show them what you truly stand for? Offering these incentives to your customers makes the purchase a no brainer. When you give a customer no potential risk, they are more likely to buy from you, and they will more likely buy from you in the future.

Two weeks after you make a sale, do you follow up with all your customers, asking them about their experience? You want them to make their voice heard, your customers are important to you. So make them feel important. Ask them if they're enjoying their order, and build a relationship with all your customers.

Customer Satisfaction to Guarantee Repeat Customers. People will look to justify their purchase to their friends and family. So you want to justify the sale with social proof. Include customer feedback in your followup emails and emphasize your low return rate.

Surprise customers with a little bonus because it more likely confirms to them, that the product they ordered was worth it. Offer free product training and support. When people spend money on something they tend to doubt themselves and their ability to make the product work right. Just because you made the sale, it doesn't mean the work is over. Your job is to turn one-time buyers into loyal customers.

How to Make Money With Baseball Cards - Passive Residual Income Ideas

Customer Loyalty Hauls Big Profits. Give them a head start before opening their purchase. Customer loyalty would increase which will yield big profits for you in the long haul. Right now, eBay has control of your destiny. You're working for THEM by THEIR rules. You don't want that. You want to be in control of your destiny because eBay isn't looking out for your best interest.

Only you're responsible for looking out for your best interest. Create your own website so YOU create the rules. Create a home base where customers will ultimately go to make purchases. You'll be able to convert best offer sales on eBay. Eventually, eBay will censor you from ever sending or receiving an email address through the eBay messaging system. To be able to continue converting Best Offers on eBay to sales off of eBay, you need to create a website.

With a website you'll be able to control your own destiny and increase your probability of success. You'll be able to list your product inventory at cheaper prices because you're avoiding eBay fees. Your website can be designed anyway you want it to be. You can create a business model as unconventional as you want. Your websites domain name should be your business name and it should describe what you're selling online. A good logos is simple, there is 1 theme going on. It's easy to read, the color and shapes are easy on the eyes.

Your website should have easy navigation. It should have a drop down menu of the products you're selling. Your customer should be able to find any specific item they're looking for immediately. You should have a great written description of the fields below. It should be short and sweet. If you can't get through reading your own policies, then you need to make it fun and exciting to read.

There is a reason why no one reads company policies because they're all sooo boring. Make yours short, sweet, fun and exciting to read. Act like you're talking to your friend and make it like a conversation. Maybe you'll stand out. You should be able to find it easily. Tell them exciting things about yourself in under 4 sentences. Tell them how they can contact you. Also let them behind the scenes and tell your customers who are reading how you really do business.

Don't be afraid to be yourself. You should have a contact page and make it easy for your customer to reach you for any inquires via email. You should have a Frequently Asked Questions page. If you're noticing that your customers are having a lot of the same questions, make sure you add it to your FAQ page. You'll save a lot of time in the future by not having to type the same information to different customers. You should have a shipping policy that is very customer friendly.

Give them another reason to buy from you and not your competitor. If your dropshipper doesn't ship for free, find another dropshipper that will. In testing, I've noticed that there isn't a significant difference when you offer a return policy as opposed to not accepting any returns.

Carousels allow multiple pieces of content to occupy a single, coveted space on your website. This allows you to market up to 5 products you want to promote on your website. Bigcommerce makes it easy for you to design your own Carousel for your website.

You want to make sure you have a nice looking Marketing Banner. You want to promote your company policies using this feature.

You can pick the products you want featured on your home page. This will help promote products on your website.

This will automatically pull the most recent products you've listed on your website and place it in this field on your homepage. This will help promote newly released products and tell your customers what products that are now in stock. This field will automatically put in the products you sell most of. People like to move with the herd mentality. If enough people are doing it, they will believe they should do it too. Customers might have this perception when they see products in the popular products section on your website.

Remember, you're not trying to list a bunch of products. See if you're even selling the majority of those products. If you are, you can increase your plan to products per month. What's great about Bigcommerce is that it's setup like eBay.

You don't need to be an expert in HTML or any coding. You're paying for the convenience of being able to go in with almost no knowledge and have a great custom website design. You'll see all of these different answers come up. You're going to be successful based off your ability to adapt and learn many skills. Your age doesn't matter, an open mind does.

If for some reason the knowledge base doesn't answer one of your questions, you can look on the Bigcommerce forums. You can ask a question about something you need help with and someone will answer it within 24 hours for free. When I was designing sportspulsecards. My good friend referred me to this company called the Netmen Corp. They made my friend a great logo and I figured why not give them a shot. Someone from the company emailed me within 24 hours to inquire about my request to have a logo designed for my company.

Something was missing though. In 3 the writing was too small and in 6 the symbol didn't look great. I gave the Netmen Corp those notes and 2 business days later they gave me these concept logos.

These are all pretty much great looking logos and I was very impressed with the job they did. I held a vote with all my customers. Logo 12 and 10 are interchangeable so I opted for both. If I ever want to make a change or a small adjustment, the Netmen Corp gave me all of the proper files for a design change to be made. The Netmen Corp customer service is great. If you're selling a product that is great because it is rare, then you should use scarcity as the best selling practice.

Point out if that card is still available and in packs. If you're selling a product that deals with solving a fear in people's lives, then you should never use scarcity as a selling practice.

Sell baseball card protection supplies. Focus on everyone who has protected their cards with the products you're selling. This will give your customers reassurance that your products will work for them and protect their cards. When you buy wholesale and carry an inventory of your products upfront you run the risk of several things. You're taking all the financial risk when you buy an inventory without having the sale first.

You're decreasing your cash flow in the short term to increase your cash flow for the long term. Let your wholesalers carry the inventory and take the financial risk. You don't have to. Never carry an inventory.

You're increasing your cash flow every time you make a sale in the short term and in the long term. When Sports Pulse decided to take an inventory it was because sports cards can go up in value tremendously and they unfortunately can go down in price tremendously.

I decided to invest into buying an inventory for myself in the hopes that the new released sports card products would increase in price on the release date and I'd be able to sell them to a wholesaler for a profit.

Unfortunately for Sports Pulse, this was an unneeded risk to take on. Especially because if a products price decreased on release date, wholesalers would be looking to dump their inventory to minimize their losses and I'd make a killing.

Instead, I was the person who needed to dump their inventory because, I didn't have a ton of cash flow and needed to take whatever money I could. If I didn't buy any products, and kept to the dropshipping plan, wholesalers would have been dumping their products at great prices.

They would retail the same product for much more to retail customers because they wanted to minimize their losses. I'd make a sale because I was able to give the customer the best price and I would buy the case from the wholesaler. When a product's price drops, these are the times when I profit most, especially when I do not carry the financial burden. Presales in the sports card industry can be an amazing way to increase sales.

Again, for Sports Pulse the risk does not outweigh the reward. Presales are the practice of arranging the sale of a product before it is available. If they decide not to pay for the rest of their order, you're stuck with that inventory.

There is another way to look at it. That's situation by situation basis. The main point to remember is, enough customers might cancel their pre sale orders with you and you'll be stuck with that inventory.

I want no upfront costs, so thats why RULE 2 NEVER PRESELL INVENTORY PRODUCTS. Never Ship an Order Until You're Paid in Full. It might seem obvious, but greed can take over. A buyer on eBay messaged me and we made a deal. He was going to send me a check and he seemed trustworthy. I'd never been screwed before and wasn't looking for it to happen to me ever.

This deal though, that check never came and the excuses did. Considering he paid already on eBay and I emailed him looking to sell more that it would be OK. NEVER SHIP AN ORDER WITHOUT GETTING PAID. Your customer will understand and the legit customer who want your business will always give you the money upfront before they expect you to ship their order out.

The risk is not worth the reward. Ship Orders to their Billing Address. I made a sale on eBay and shipped out the product to the customer. Through eBay I was talking to her about how this order was a gift for her husband and she needed the order by a certain date.

That process went well and wanted to follow up with her about how her husband liked it. The billing address was different from the shipping address and didn't really wonder why.

Was skeptical with fraud, but greed took over for me as it might with you. Never Overspend on Business Expenses. It wasn't increasing my income to spend that extra money on website hosting and an eBay store subscription.

So I cut those expenses. Always do it the free way first and see if it works. If you can increase your income by spending some money, then try it.

Test the waters on a small incremental basis. Test what works and focus on what works in order to make a killing. How to Create an Asset to Think Long Term Profits. When you start your own business, you're creating an asset. You're not trading your hours for short term gains. They are limited to the hours in the day for how much money they can make. When you create a business, the hours you work today will give you long-term gains. You're not exactly trading in your hours anymore for money.

It might take take you 40 hours to create a video course and sell it for the next years. When you're creating an asset, you're trading in your hours for long-term gains.

Isn't that what employers do anyways? Isn't that what Staples doing? They don't see the benefits of your work immediately. The work you put in on the short term, will earn them more money in the long term. They're creating an asset. If you want to make money, you create an asset for yourself instead of your employer. You no longer need to take out a loan, you can create a company on the internet for a small upfront cost. Quantify Your Business and Improve Profits. There is no such thing as a lack of time.

We all have plenty of time to do everything we really want to do in this life. We all must live on hours a week. A great deal of what happens is unimportant and can be disregarded. There is an enormous amount of waste in our lives. You need to recognize the majority of things in your life have a little impact in the major scheme of things and only a minority of things have a major dominant impact.

I didn't invent this concept and it's not a new one either. Identify where you are getting back more than you are putting in, you can up the stakes and make a killing.

Similarly, if you can work out where you are getting back much less than you are investing, you can cut your losses. You do not usually get back what you put in. You can get back much less than what you put in or much more. Discipline is the ability to figure out what's worth your time and effort, and what's not — and how to cut out the latter.

You want to get as much as you can in return for your investment of time and energy. You should put all of your efforts behind selling more of those products. Setting Smart Goals to Create a Business. Are you a force or a consequence? Are you one who creates, acts, and does?

It takes confidence to live the life you deeply feel is your own. Decide on all actions you need to take. You need to keep reminders in a system that you check regularly. You only want to focus on the essentials and drop the rest.

This makes for a life much happier, less stressed, and more productive. Build your life one action at a time.

First thing in the morning, work on your most important task and don't do anything else until it is done. When you are working, turn off all distractions. Shut off email and shut off your cell phone. If you become distracted, it will show negatively in your work. Collect things that command your attention. Write down the project or situation that is most on your mind at this moment. Process what they mean and what to do about them.

Write down the very next physical action required to move the situation forward. Choose the best option at that point in time. Identify the essential commitments. More is not better. Your greatest challenge will be resisting the temptation to do more.

Not only is this wasteful, it is a predictable path for preventing and reversing gains. Purge all the stuff you don't need and organize the things you want to keep and welcome new information. What is the most important thing that you have to do? Focus on achieving the ONE important thing. Don't let your emotions control your actions.

You'll never get anything productive done. Let your actions control your emotions. Once you take action in doing what you know you should be doing, your emotions will follow suit afterwards.

You need to be the leader of your own life because no one else is going to be looking out for your happiness more than you are. Use this as an opportunity to give your gifts and you never need to prove something to someone else. Dream big and don't be embarrassed about what you are doing. Get others to invest in your visions and dreams and allow your friends to become fans. Batching Tasks to Maximize Productivity.

Time consumers are things you might not want to do, but need to do anyways. Things like paying your bills and checking email. These are time wasters because they're repetitive daily or weekly tasks. You can solve this problem by batching these tasks together and complete them at once.

For example, batch email tasks by checking email once a day at 4 p. Apply this principle to every task you find repetitive and they become less time consuming: How to Become an Expert in Productivity. Why you should care about your time Time is life and irreversible. So to master your time is to master life. There's no such thing as a lack of time. We have plenty of time to do everything that we really want to do. Everyone must live on hours per week.

They have as many hours as you do to accomplish what you want to accomplish. It's how you use those hours that really matter.

You're in control of your time. Every single thing you do you've decided on one way or another. So whatever your life is up to this point you've ultimately made the decision.

It's okay if you've made some foolish decisions, I've made plenty myself. You're learning this life thing as you go. What you want to do now, is put the past behind you and learn from your mistakes. Improve your life starting now, and have no regrets because what you've done in your life has led exactly up to this moment. Start focusing on doing the right things. This allows you to be flexible. The ideal is having balance and you're the judge of how to spend your time.

The use of your time is a highly personal individual matter of choice. To be productive, focus on things that are bothering you the most right now, and do it immediately. That's what it means to start focusing and accomplishing the right things in your life. If you're about to watch TV, ask yourself "is this something I should really be spending my time on doing? After college, I moved to an apartment in Boston, MA that I could barely afford to create Udemy courses, teaching students how to sell on eBay.

The courses provide everything one could need to start and grow a home business. Bowling, reading, beer, hiking, good deli meat, memorable experiences, my fiance', family, and close friends.

Students get access to cutting-edge training courses and passionate support communities that help them start a side businesses more quickly and easily. We've discovered principles, strategies, and technologies that produce real, measurable business results — without the expensive upfront costs.

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Categories Sign Up Login Become an Instructor Help. Start a Business Dropshipping Topps Baseball Cards. Get Udemy at Work. Wishlisted Wishlist Please confirm that you want to add Start a Business Dropshipping Topps Baseball Cards to your Wishlist. Start a Business Dropshipping Topps Baseball Cards How to sell Topps baseball card cases on eBay with no need for inventory.

Created by Matt Bernstein , Skillhance, LLC. What Will I Learn? An hour per day to update inventory and fulfill orders. Check your earnings and make even more money. Business license and Tax ID are required to show wholesalers you are a legitimate business in the USA.

Google "starting a business in [enter your location]" Find your country's legitimate website and apply to become a business in your country. You need to prove to wholesalers you have a legitimate business applies to international students. Who is the target audience? Students Who Viewed This Course Also Viewed.

Curriculum For This Course. Do I have to buy more than one product? Do I have to pay for the product before I sell it? Do I have to pay the supplier a membership fee too? We do not list wholesale suppliers with membership or account setup fees. What is a drop ship fee? How much is the drop ship fee? What kind of profit margins are there with dropshipping? Can you use a drop ship supplier and sell on eBay?

Why does Dropshipping cost more? Why don't all suppliers offer Dropshipping? Do I need a Tax ID to work with a dropshipper? Do I need a Tax ID to work with dropshippers if I'm outside the US? Can I use my website as my registered business name? What is Blind Dropshipping?

What are the benefits of using a Dropshipper for my business? Can I use several Dropshippers? Yes you can, but it makes shipping more complicated.

What is Drop Shipping? Tax ID to Work with Drop Shippers U. Setup a Business License U. How to Setup a Business Bank Account Once you have an LLC, your money should be separated into a business bank account, and kept away from your personal bank account.

Setup a Business Bank Account U. Start a Business Internationally. Help Improve This Course. Product Sourcing Baseball Card Cases at Wholesale Prices [HD]. Selling Baseball Cards in Bulk to Maximize Profits. Maintain Product Inventory Prices. Presale Research to Maximize Profit Potential. How to Signup for an eBay Seller Account eBay gives you an easy access to a worldwide customer base - who is looking to buy the products you're selling.

Signup for an eBay Seller Account. How to Signup for a PayPal Account You'll quickly come to know that eBay and PayPal work hand and hand. Signup for a PayPal Account. Create the Title Describe your item clearly and include the keyword phrases that best describe it. Product name Color if applicable Type Gender if applicable Brand Size if applicable Style if applicable SKU if applicable Condition Description Your description should be thorough and clearly describe the product and its condition.

Black color Arial font Size 12 Bold headings Keep your sentences and paragraphs short and to the point. Pictures Very clear pictures that highlight all of the features of the item. Quantity You're limited to listing 10 items on eBay to start so keep each listing QTY to 1 per listing. Return Policy Offer a better return policy than your competition. What People Want on eBay Potential customers want to make a purchase from you if you have the best price.

Focus on What Won't Change The core of your business should be built around things that won't change. Listing Products on eBay. Increase eBay Selling Limits. Simple Bookkeeping to Keep Track of Profits When your first sale comes in, you need to keep track of your revenue and all your cost of doing business.

Customer Information You can copy and paste the buyers shipping address and email address to be able to easily contact them in the future. Order Information Mark down the contents of your customers order. Quantity Mark down how many items of each product your customer bought. Revenue What was the sale price?

How much did your customer pay for their order? Cost of Goods How much did you have to pay for your customers order? Shipping Cost How much did it cost you to ship your customers order? Merchant Fees How much did your merchant account, payment gateway, or PayPal charge you for the transaction? Net Profit How much money did you make from your customers order? Tracking Upload the tracking from your customers order into your excel spreadsheet to keep track of shipping history.

PayPal Invoice to Create Repeat Customers Once you've made a sell with a customer, there is no reason that same customer should ever buy from you on eBay again. PayPal Invoice to Create Repeat Customers. How to Avoid Getting Banned From eBay When I first started selling on eBay, I believed that the more products that were listed in my eBay store the more profits I could make and the better my business could be. How to Get Banned From Selling on eBay.

Overview of Brand Values to Gain Customer Loyalty Today, we're going to talk about customer service. Develop Customer Relationships to Increase Sales What kind of relationship do you have with your customers? People want to trust other people and not corporations. Do you offer free shipping? Do you have a simple and easy to use return policy?

Do you offer free return shipping?