Re: Dropshipping

Steve B wrote:
"aaJoe" <noemail@xxxxxxxxxx> wrote in message news:noemail-BF08BD.21385812052006@xxxxxxxxxxx

Don, your Ebay advice is great but your 30:1 profit ratio is a little
silly. Do you expect your auto dealer to make that? Your food store?
Anything you buy on a regular basis? Its fine to aim high, but if one
does lots of volume, one can make far more money than waiting and
waiting for your 30:1 golden goose to flutter in. 99% of the business
world makes their money in a far different world.

I agree with aaJoe. Don's advice may work for some items, but it cannot
possibly be applied to all products in all markets. For example, I have
sold vintage costume jewelry and for every sale I make my goal is to
make 30-40%. This is after I have taken into consideration the price I
paid for the item, the eBay fees, and PayPal fees. I only do this part
time, so I do not account for other expenses like my water bill and
electric bill and so forth.
The items I am talking about sell in the $50 to $350 range. This would
mean that to accomplish a 30:1 buy/sell ratio I would have to purchase
the items for between 1.67 and 11.67. It is simply not possible to find
the quality merchandise my buyers are looking for for that kind of
money.
While Don has great techniques for buying large quantities of surplus
from bankruptcies, etc., some of us do not have that luxury. Therefore,
to try and apply his ratio to all products in all markets is
unrealistic IMHO.

You said it - liquidations and bankruptcies. This is key as the seller
is not in the business of selling those items most of the time, and is
probably not well educated in that area so a sharp hawk like Don swoops
down and scoops everything up and he's actually happy that he unloaded
that "junk". Now 30:1 may be unrealistic to most people, but it does
open one's eyes to the world of liquidations and bankruptcies. In those
situations people are truly emotional and often very pressed for time.
A perfect buying scenario.


Reminds me of the scene in the old "A Christmas Carol" where the two old biddies go in after Scrooge had died and took down the curtains and took his clothes and went to a guy who bought dead people's belongings.

Some people have the morality to be a buzzard. Just not me.

Steve



Not even wrong.

With true liquidations and distress sales, there is ABSOLUTELY NONE of the emotional baggage you'd find at a typical estate sale.

The seller simply wants to clear the building for a paying client.

And if their unpaid rent is $50,000.00, their sole goal is to make sure the TOTAL return on the auction is $50,000.17.

The seventeen cents of which goes to whoever caused them the grief in the first place.

All the weeping and gnashing of teeth is long, long gone.


--
Many thanks,

Don Lancaster voice phone: (928)428-4073
Synergetics 3860 West First Street Box 809 Thatcher, AZ 85552
rss: http://www.tinaja.com/whtnu.xml email: don@xxxxxxxxxx

Please visit my GURU's LAIR web site at http://www.tinaja.com
.

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