| As a continuation from my previous article entitled '5 | | | | shipping wisely. |
| Wholesale Rules-of-Thumb to Abide to Part 1', I am | | | | Rule No.8 |
| going to elaborate further on the remaining 5 rules that | | | | Warehousing |
| we should, but not compulsory to put it in practice. | | | | Alright. Now that you have your supplies to sell, where |
| If you have missed the first 5 rules, you should search | | | | exactly are you going to store them? How are you |
| for it on EzineArticles for the prequel (part 1) of this | | | | going to implement your asset management? Believe it |
| article. Basically, both parts of this article is combined to | | | | or not, assets can go missing or perish, incurring great |
| make a 10 rules-of-thumb that most sellers on the | | | | losses, if not well taken care of. How will you manage |
| internet today will use, at some point of their internet | | | | your assets to make sure they do not perish or go |
| business. If you want to be a powerseller on eBay | | | | missing? Think again. |
| selling designer clothing, for example, you should | | | | Rule No.9 |
| definitely read on and apply these rules to practice. | | | | Gain a Powerseller Status |
| Rule No.6 | | | | Besides aiming to earn profits through your online |
| The Power of Negotiation | | | | business, you should also try your very best to gain a |
| Besides being able to get supplies of products at a | | | | powerseller status, for example, eBay powersellers. |
| fairly reasonable price, being able to negotiate shipping | | | | Why is this important? Well, it's a fact that |
| costs can be a real saver most of the time. At all | | | | powersellers are able to command higher prices for |
| times, we should try to negotiate CIF (Cost, Insurance | | | | their items than ordinary eBay sellers. This means |
| & Freight) as well as DPP (Delivery Duty Paid) | | | | higher profits with the same amount of costs and |
| shipping terms with our suppliers. FOB (Freight on | | | | effort. |
| Board) is the most common shipping method but we | | | | Rule No.10 |
| should always try to negotiate further as a better | | | | Grow With a Website or eBay Store |
| shipping terms relieves more risks off our shoulders. | | | | Once you begin selling through the internet, you should |
| Rule No.7 | | | | start planning for your business' growth. How are you |
| Drop Shipping | | | | going to expand it to be able to earn more profits? |
| Most people might find drop shipping to be the ideal | | | | One of the best way is to create your own website |
| choice of supply to their online business. However, can | | | | or set up an eBay store. With a website and a store, |
| we really afford drop shipping, especially for new | | | | you may appear to be more convincing to buyers as |
| entrants to the market? The theory of drop shipping | | | | a serious seller. Plus, by doing so, it makes potential |
| sure does sound great - someone taking care of | | | | buyers easier to look what they are looking for within. |
| packaging, wrapping and postage - but is this a viable | | | | As potential buyers browse through your store or |
| method? Can we profit from this method? Drop | | | | website, links should be available to other pages or |
| shipping services can easily add up to 10% of your | | | | products to encourage potential buyers to fully surf |
| initial cost of the product itself, therefore diluting the net | | | | your website, exposing them maximumly to all your |
| profit. When you add in additional costs and fees, can | | | | products and offers. |
| you still maintain your profit margin? Choose drop | | | | |