Using the DAILY DEALS and $200 A DAY Correctly
The Daily Deals and $200 A Day programs on our site are an excellent way to make money quickly, and are also a good introduction to dropshipping and selling on eBay. However, they’re not foolproof, and if you’re not careful, you’re going to end up losing money instead of making it. And here at Wholesale Match we’re all about making you money, not supplying some dude on eBay with a cheap plasma screen, so before you start posting products willy-nilly, make sure you know what you’re doing.
photo credit: twentyshadows
Step One: Pick Your Product. Decide what you want to sell from the Daily Deals page. Don’t just pick whatever you think looks interesting, do some research. Get on eBay and search for your prospective product, check how many have been selling and what the final price was. You can be pretty darn thorough with this, including utilizing a search engine like AuctionTouch that will allow you to see exactly what items are selling for, and even the best day of the week to post a particular item.
Step Two: Copy And Confirm. Follow the Daily Deals link to the ORIGINAL source of the product, the place you’re actually going to buy it from. This is important for two reasons: first, you need to make sure the price hasn’t changed. You can go so far as to contact the company and inquire when their deal will expire, so you don’t post the item and then find out the price has jumped back up to normal (you probably want to leave out the fact that you’re reselling their product when you do this, because not all suppliers like that). Second, you need to determine if there are coupon codes or rebate information you should save. Make sure you also save the URL of the place you’ll be buying from, because when we add new items to the Daily Deals page, the old ones are gone. Selling something on eBay, and then realizing that you don’t remember where you’re supposed to buy it from is not a pleasant sensation.
Step Three: Post The Item On eBay. You want to start small here. Most people won’t buy from a seller without positive feedback, especially if the item is pricey. You need to build your customer satisfaction rating with small, easy sales. Plus, if you do make a mistake, it’s better to lose $10 than $250. So build your base, build your experience. Also, it may seem obvious, but make sure you put a reserve limit on the item so it doesn’t sell for less than you’re paying for it.
Step Four: Do NOT Screw Over Your Customers. Let’s say you do make a mistake, you forget to check the expiry date on the deal for a sweet Airsoft gun. The deal is over before your product sells, and you’re stuck paying an additional $50. So you think to yourself, “Well, I don’t really have to buy this. I can just tell the bidder I ran out.” Bad idea. Your success on eBay hinges entirely on your customer satisfaction rating. It’s better to eat that $50 loss now, so you can make hundreds or thousands on future sales. Make sure you promptly respond to queries, ship immediately, and have a slush-fund to cover any and all possible refunds. Bend over backwards to keep your bidders happy, or they will burn you big time.
photo credit: Nesta Vazquez
Finally: Call Us. If you’re ever in doubt, use the livechat email or the customer support number to contact us. The resources are there to help you, and we’re happy to answer any and all questions, even stupid ones. In fact, those might be our favorites.
photo credit: TheTruthAboutMortgage.com
