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    1. JerryChuts is offline

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      #1

      Startup resale dropshipping business - Is it possible with no upfront investment

      Iím completely sick of being a salaryman. Iím ready to work for myself, and ready to cut the cord between myself and corporate America! In short, I wanna go into business for myself. Problem is, Iíve got limited cash saved up, and limited warehouse space. Iíve read a good deal about drop shipping, and was curious as to whether it was possible to start a resale business with little to no upfront investment, or am I completely stuck in a pipe dream?
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    2. SusieB is offline

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      #2
      Thereís a potential to get started somewhere like Amazon with their Fulfillment by Amazon, with just the cost of their initial buy-in as an up-front investment. I donít think Iíd recommend going with a pure drop ship supplier, which is what youíd have to pick in order to get by without an initial cash expenditure. Iím assuming youíre here because you want your business to grow and remain healthy indefinitely, and so youíll want someone more reliable than a potentially fly-by-night drop shipper to base your entire enterprise on.

      Iíd recommend finding a relatively local wholesaler and approach them with your business plan. Talk to them about starting an account, with about 50%-75% of your starting cash, and be completely honest with what you plan to do - that youíve got a limited degree of capital to start, but plan to offer a full line of products once you grow into it. Ask for some of their top-selling products. Find out what their MoQ is, so you can order as often as is necessary.

      Get this account business set up in person if at all possible. If not face to face, then at least by phone. Make sure they see the color of your money, so they know youíre absolutely serious. Sorry to tell you, thereís going to be an initial expenditure to get their attention. If you canít show them that you have the money with which to meet at least their minimum order requirements, they wonít give you a second glance.

      For Peteís sake, donít use email!

      Once the account is established and they accept you into the fold, lay down the drop ship card. Now, donít actually use the word ďdropshipĒ, as it carries all kinds of baggage as regards get rich quick schemes and naive startups. Instead, as if you can list their product on your site, and, when you do get an order, ask if theyíd do you and your customer a favor and pick and ship the product directly to said customer. In fact, tell them youíll order two items for each shipped item you donít have to stock. This will get the product to your customer, start growing your stock, and give the supplier more incentive to help you out. Most wholesalers have no problem doing this, and in fact already do it without considering themselves ďdropshippersĒ.

      Like I said, thereís a lot of negative emotion tied up in that designation, and not many serious, established wholesalers are going to take well to being compared to what are by and large perceived as temporary businesses.
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    3. JerryChuts is offline

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      #3
      To hear you tell it, drop shippers are all unreliable scams, when there’s plenty of threads on the forum about doing well with dropshipping, and how it’s a viable business option. What’s up?

    4. SusieB is offline

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      #4
      Sorry, that’s not the impression I meant to give. Dropshipping is frequently used by ecommerce folks to try and make a quick buck. There’s a lot of negative assumptions about drop shipping and people using the service-- especially dedicated dropship-only suppliers-- not having a bloody clue what they’re doing, and not taking their business seriously, and general naivete re: business.

      There are plenty of perfectly viable, reliable, and savvy dedicated drop shippers out there, and (obviously) plenty of capable businessmen using them to make a tidy profit. I recommended finding an established wholesaler mostly because a dropshipper isn’t going to necessarily give you the kind of support and long-term help you will need just starting out.

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