eBay Drop Shipping Guide 2024 - Beginners Tutorial from 7 years of doing this [ Bulk Theory ]
So once again, I am not a millionaire, and I dont have financial freedom (yet), but I have been doing this for 7 years and have a pretty solid plan how I plan to get there.
This will be a beginners guide, and I will update it as I go with any question anyone asks so that we can have one thread designed with the latest information about eBay drop shipping.
The expectation: 1-3k profit a month (This can be scaled, but you will have to be able to do it once in order to replicate it over and over)
Strategy: Bulk Theory
- Theirs many strategies to go with ebay dropshipping, the one I like to go with is Bulk Theory, the reason why is because it gives you the never ending ability to scale your business without bottle necks. Other techniques work, such as sniping (won't be discussed here) however, they have a ceiling on your earning cap, and It's hard to make a million dollars with sniping but its doable with bulk theory
Theory & Assumption:
- Everything sells with enough views. This means that, lets say I am selling some cheap necklace for $1,000. With enough views, lets say one billion views, we would find a buyer that is willing to pay $1,000 for that necklace. How we convince that buyer, it could be the title, it could be the location, your reputation and so on. So that essentially means, if you list enough items, the chances of you making a listing with a title that will convert into a sale increases. We do things to optimize the process to increase the chance of success, but the main key here is to keep listing, until you make listings that convert, and then keep doing it again.
- You will get 1 sale a day for every 1000 items you list with bulk theory. Let's say you have an average profit margin of 10$ per item. So to make 100$/day you would need to list 10,000 items in order to to make 100$/day. This has been verified by me, and other ebay drop shippers who work with this volume of items.
Why this works:
eBay gives every new listing some "impressions". That means that every time you list an item, you have a chance of getting a sale. This phenomenon is called "The New Listing Boost". In a nutshell, ebay has no idea if your item is a winning product or not, so they throw you some views to test if it will convert into a sale. This is what we take advantage of. If you keep listing items, you have the chance of selling every day. How many items you list, increases the your over all chances of getting sales every day. Once an item sells, ebay gives it 10 times more views, which further increases the chance that same item will sell again, and it snow balls. So keep listing
Source & Supplier:
You can use any source and any supplier, but I like to use amazon so were only going to talk about amazon moving forward, since I been using them exclusively for the last 7 years. They have fast shipping, and also a wide catalogue of items, meaning that your scalability is virtually limitless.
Action Steps:
- Create an eBay account
- Go to amazon.com and find an item (does not matter what it is)
- Change the title, and save the pictures, and list it on ebay. Congratulations, you have made your first listing.
- Repeat steps 2-3, 10 thousand times and you will see sales coming in because of the strategy mentioned above.
Tips and Tricks:
- You can Hire Virtual Assistants for 2$/H to do the copying and pasting for you
- You can find specialized software that will increase your productivity. I recommend EcomSniper . This is a tool my team and I made that replicates the exact strategy above. We use AI to change and optimize the titles. When you get the course, it comes with the software for free for 1 month. You don't need my tool, it can all be done by hand, it just automates the boring stuff.
- Join my free discord to be in a community of ebay drop shippers. Ebay Dropshipping Discord
Popular Questions:
Q. Do customers complain when they receive an amazon box?
Best of luck, while you master eBay dropshipping.
Disclaimer: This is a beginners guide, so it wont cover the all the nuances, this guide is designed to get someone up and running as soon as possible. Follow these steps and you will see a net positive result, you can always optimize and refine it LATER