[Yakuza]

wholesalemarketer.com = worst dropshipper / investment

i buy a laptop for 580
i sell it for 650 comp. price
with all the fees i make like $20
I placed an order and they request payment
i find out its over $500 so i need to wire money
$30 wire charge
i pay, they take 48 hours to confirm payment
now its being shipped
24 hours later i get a refund saying out of stock.

i lost reputation
lost time traveling to the bank and setting up the wire
lost listing fee and other costs.

PLEASE do yourself a favor and dont mess with middle men.
They are the profiters not you.

[mxer210]

yeah, i had actually 2 bad experiences with them. the company is a total scam. I actually tricked wholesale marketer, and found out who their main dropshippers are, and ended up using wholesale marketers dropshippers. Much better pricing, better payment sytem, and I even got an assigned rep

So if you want electronics dropshipped, PM me and I'll tell you what dropshippers THEY use.

[dlrsuperman]

Originally Posted by Yakuza

wholesalemarketer.com = worst dropshipper / investment

i buy a laptop for 580
i sell it for 650 comp. price
with all the fees i make like $20
I placed an order and they request payment
i find out its over $500 so i need to wire money
$30 wire charge
i pay, they take 48 hours to confirm payment
now its being shipped
24 hours later i get a refund saying out of stock.

i lost reputation
lost time traveling to the bank and setting up the wire
lost listing fee and other costs.

PLEASE do yourself a favor and dont mess with middle men.
They are the profiters not you.

It depends, not all middlemen are fraudulent as this one sounds, or price hikers, there are legit suppliers, and NEVER SELL A PRODUCT unless you know you are going to get at LEAST 30-40% profit, otherwise its a total waste of time, I'd suggest purchasing the dropship soure directory if you want a genuine list of dropshippers.

[clegg]

Originally Posted by mxer210

yeah, i had actually 2 bad experiences with them. the company is a total scam. I actually tricked wholesale marketer, and found out who their main dropshippers are, and ended up using wholesale marketers dropshippers. Much better pricing, better payment sytem, and I even got an assigned rep

So if you want electronics dropshipped, PM me and I'll tell you what dropshippers THEY use.

Hah, nicely done.

I've heard mixed things about dropshippers but never actually used one. As someone mentioned, unless the margin is atleat 35-40%, it doesnt seem to be worth the effort.
BTW mxer, I sent you a PM.
-clegg

[mxer210]

You can't really expect 35-40% margins for dropshipping.... You could if it's a small company, or a high margin business like dog food, but for the most part, electronics don't work like that. What I learned after dealing with the dropshipper buisness is start small. I spent atleast 2000 hours in my online audio business and I started with over 700 products. I quickly realized it woldn't work and quickly adjusted to about 300 products. I then realized that I needed to start small, and grow big. It's an easy concept, but many people start way too big and end up not making it anywere at all. If I could have redone my audio business, I wouldn't have marketed and sold prodcuts like popular ipod accessories, or sony headphones, I couldnt compete with the big stores and the big budgets.

What I wish I would have done was to market and sell something unique or mostly unheard of. So instead of offering 300 ipod accessories at my store (yes, there are that many ipod accessories), I wish I had based my business on a single or a few products, such as http://www.ipodcleaner.com/ . They sell only one product, mostly have the market to themselves, it's easier and cheaper to market, they can stock ship (and even manufacture) the product themselves (much larger profit margins), and it's just a better business model overall.

So the moral of the story is, I went big, didn't make it. I think if I had started smaller, like ipodcleaner.com, the business would have been much more successful.

[Sarafina]

Originally Posted by mxer210

You can't really expect 35-40% margins for dropshipping.... You could if it's a small company, or a high margin business like dog food, but for the most part, electronics don't work like that. What I learned after dealing with the dropshipper buisness is start small. I spent atleast 2000 hours in my online audio business and I started with over 700 products. I quickly realized it woldn't work and quickly adjusted to about 300 products. I then realized that I needed to start small, and grow big. It's an easy concept, but many people start way too big and end up not making it anywere at all. If I could have redone my audio business, I wouldn't have marketed and sold prodcuts like popular ipod accessories, or sony headphones, I couldnt compete with the big stores and the big budgets.

What I wish I would have done was to market and sell something unique or mostly unheard of. So instead of offering 300 ipod accessories at my store (yes, there are that many ipod accessories), I wish I had based my business on a single or a few products, such as http://www.ipodcleaner.com/ . They sell only one product, mostly have the market to themselves, it's easier and cheaper to market, they can stock ship (and even manufacture) the product themselves (much larger profit margins), and it's just a better business model overall.

So the moral of the story is, I went big, didn't make it. I think if I had started smaller, like ipodcleaner.com, the business would have been much more successful.

Now thats a niche if I ever saw one. It may sound very cliche but if you're going to be dropshipping, electronics probably isn't the market you want to be in without a very defined niche. There are big players who can sell laptops at those prices and make good margins (presumably because they're not droppshipping and getting them at better prices). Goodluck on your next venture though.

[Aletheides]

Nice post, thanks. We can all learn from this.

Originally Posted by mxer210

You can't really expect 35-40% margins for dropshipping.... You could if it's a small company, or a high margin business like dog food, but for the most part, electronics don't work like that. What I learned after dealing with the dropshipper buisness is start small. I spent atleast 2000 hours in my online audio business and I started with over 700 products. I quickly realized it woldn't work and quickly adjusted to about 300 products. I then realized that I needed to start small, and grow big. It's an easy concept, but many people start way too big and end up not making it anywere at all. If I could have redone my audio business, I wouldn't have marketed and sold prodcuts like popular ipod accessories, or sony headphones, I couldnt compete with the big stores and the big budgets.

What I wish I would have done was to market and sell something unique or mostly unheard of. So instead of offering 300 ipod accessories at my store (yes, there are that many ipod accessories), I wish I had based my business on a single or a few products, such as http://www.ipodcleaner.com/ . They sell only one product, mostly have the market to themselves, it's easier and cheaper to market, they can stock ship (and even manufacture) the product themselves (much larger profit margins), and it's just a better business model overall.

So the moral of the story is, I went big, didn't make it. I think if I had started smaller, like ipodcleaner.com, the business would have been much more successful.

[HodgesRobertson]

I'm currently registered with wholesalemarketer.com's trial period, and I can see how one would make money, and how one would lose money. I'm currently breaking even because I forgot to account for eBay fees and whatnot. Anyone got any advice for me?

mxer210, I'm very interested in being in contact with the drop shippers and cutting out the middle man! It would help my budding business a great deal. I've sent you a PM.

[orange655321]

Originally Posted by HodgesRobertson

.... Anyone got any advice for me?

mxer210, I'm very interested in being in contact with the drop shippers and cutting out the middle man! ....

Yes leave Doba before your free trial ends.

When you source for products marks up the prices, dropship fee, or shipping from the REAL dropship supplier, then you can use these to see what you are really paying them:
http://www.inventorysource.com/calculators.html