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Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

I like new techy type of toys lol like electric skateboards, hoverboards, drones, electric bike.

Fitness too. Not sure at all how to buy big and flip. I was going on alibaba and wanted to buy but after asking for real pictures noticed they were selling such phoney crap that was not as pictured.

I tried youtube for researching how to find possible ways to get suppliers but ya almost everyone seemed to be selling a course or mentoring so their info was all a lie.

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

Learn by example. You'll never know what you'll end up selling :)

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

I make $3,300,000 selling paper clips and used chewing gum....I can teach you also all my trade secrets.....for only $1,100,000 I will teach you everything, I can only take 3 total students under my wings though....so sign up NOW!

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

break down how this guy does 1.4 price increase and does 28% profit margin with tons of sales

His math sucks, that's how. Frankly, it doesn't suck. He's a liar and a conman.

Here's how his profit loss profile works out: Widget + shipping costs a dollar. Sell it for $1.40. EB minimum fees 10+%. PP fees 3% + transaction fee. $1.40*.13% = 18%. .40-.18 is 22 cents. Your profit is $.22. Already it's NOT 28%. It's really 22%. That's just to start with.

Dropshipping has a higher rate of returns/dis-satisfaction than most online retail.

If he has a 5% return rate, return shipping alone will eat up a lot of the remaining profit. There may also be restocking fees. I can tell you HSN's return rate is 14.6% in 2017. Weigh that into your equation at whatever rate you like.

Not to mention buyer fraud. If you lose your product, that's going to take a HUGE bite out of the already slim profit.

At a tiny 40% markup there probably is no profit left AT ALL.

I can tell you I buy my widgets in lots of 100,000+ pieces. $1 worth of product sells on the open market for a minimum of $6, an overall average of $12. That's 12 times my purchase price. That's a comfortable profit margin.

This whole video is BS. Run, don't walk away.

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

home depot he bulk orders to cover all shipment costs. Returns are free covered by home depot too. Btw he has 9% off gift cards he buys and cash back site.

Ya 22% not including any gift card discounts he's got or cash back sites. Sometimes he says he can price match or get a home depot rep to give him 10% off his order.

Yes I got lower than 28% when I worked out an example myself. Then again gcs and cash back help him. I also was told by him he told me via comment that he is doing something that constitutes a "grey area". .. so black hat that pushes up his profit margin. He said it after I worked out an example with a 100 dollar item.

Idk probably not worth me even trying.. from what I hear dropshippers say you should do about 4,000 ebay listings before deciding to quit. Either that or someone can't say they really tried.

I wonder if the ebay dropship successful people who he collabs with for events verify each other before doing so.

Maybe he's using software since he was a software engineer to get his listings to the top.

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

Course "sellers" on youtube will tell you they make 500,000 dollars with a straight face like it were profit. Ask him to share his credit card statements... what does he have to hide?

:deadhorse:

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

Nice touch :)

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

For real.... beginning to think the guy is HIM and he's fishing for feedback on the credibility of his video. :doh:

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

All I have to say to people who think this is a scam

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

Do you recommend his course?

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

:snicker: Sure

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

Maybe they're just trying to sell their courses/ market as well.

Skepticism can be applied to anything.

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

Buy it then. Gnight.

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

I told you I'm not buying anyone's course. Instead just wanted people to confirm if home depot source + 4,000 listings would be enough to get good profit like 28%. Just needed analysis good or bad. Thanks for your time. Appreciate it.

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

Naw do it. Look what Camaro posted just last month

I am just curious. Those of you who used to sell on eBay during 2010 - 2016. Would you say that your business is significantly down or up in 2018 compare to previous years? As for my own experience, I went from selling 80-120 units consistently between 2012 - 2015 to pretty much just 2-3 units a day in 2018. Views have been dramatically down, these days I can't even get 5 views a day, compared to previous years, I used to get about 100-150 views per day per product.

Side effects of dropshipping vs branding. 4k listings? Makes me wanna just reorder.

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

please pay me $3'000 n i ll teach you how to play basketball and make it in the nba. believe me :mad::shhh::spy:

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

That maths doesnt work out

What about eBay fees - 10%. Sometimes higher
PayPal fees - 3.4%
Scam buyers / lost items - 4%
Returns - 3% - He will also have to pay for return postage
Taxes - Depends on your state

That 40% profit quickly vanishes and becomes nothing

Things that are too good to be true are generally just that.

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

Are you....

http://cdn1.thecomeback.com/wp-conte...er-832x447.jpg

:)

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

I wouldn’t buy anyone’s course. Whether it is Amazon fba, Shopify drop shipping , eBay retail arbitrage. All of the information if freely available online. Most of these courses are either scams or they are outdated however there are some that are legitimate. Personally I am not interested to guide anyone since I am not here to create competition. But to people who say , you can’t do something because they never done it themselves I say you are ignorant and clueless.

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

28% net profit not 40%.

paypal fee is 2.9% plus 30 cent fee.

Scam / lost items - I never in my life have gotten above 1% of orders with that.

REturns are free on home depot labels included.

He buys gift cards at 9% savings. In the beginning he had about 30k in them.

Also cash back site gives him like 3% off.

He even price matches or sometimes gets the home depot rep to give their max discount of 10% off final order.

Those are all things that he is upfront about. He very well could have something entirely creative and technical (he was a software engineer). That saves him a bundle.

We don't know. All I'll say is if it works that's INSANE.

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

You sound like you really believe it. Why not give it a go then. I promise you when your doing it the maths will not add up

He may well get a 9% discount on gifts cards, but that doesn't mean your going to be able to

On eBay you mean? I cannot see that happening.

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

The main issue with drop shipping on eBay is that it’s already saturated. You used to be able to generate a lot of sales and have a markup of 40-50% a few years ago but these days you won’t make any sales if that’s your markup. Also another issue is being OOS as many monitors / repricer are not always able to track your items 100% of the time. I just lost a 9 year old PayPal account with 23k in it due to too many refunds because the tool I was using would fail and I would have to refund my customers due to OOS.

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

I guess, the problem is, even though the math checks out, there might not be as many sales realistically. That could be where the problem lies.

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

Also as of April 21st eBay has decided to change their algorithm, they specifically are targeting drop shippers and even have been sued by multiple large Israeli drop shippers for doing so. eBay had to admit that yes indeed they were lowering ranking for accounts that were identified as drop shippers. If you noticed their new requirement is to have correct zip code for your shipping location. Their bots scam your tracking to validate it was indeed shipped from the same zip code else you will be silently punished. Drop shippers are unable to provide the same zip code for every listing as retailers use multiple fullfilent centers.

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

Now it is still possible to generate profit drop shipping on eBay but most drop shippers are unable to generate anything more than $500-1500 in profit because of the competition also because you would have to generate over 100k to make anything worthy. PayPal will place rolling reserve on your account eventually. I think I only had 5% Plus colatrial $6000 on my PayPal account that was recently suspended indefinitely.

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

Also another issue many of drop shippers are facing is snapping. You work hard optimizing your titles and then another drop shipper scrapes your entire store and undercuts you. I have known anther Israeli drop shipper who was generating 225k/month and in a matter of a few weeks I saw his store sales have tumbled due to being discovered by other drop shippers. He went from selling 150-200 items to nothing.

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

I confess I think what he's doing not just anyone can mimic. I do believe he's using creative tactics and strategies.

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

Saturation https://www.census.gov/retail/mrts/w...ec_current.pdf

https://wonderopolis.org/_img?img=/w...zeCrop,720,450

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

Sunspot - Some people can win over competition by using exceptionally clever ways to save on expenses.

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

Like bigger orders? :noidea:

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

I really don't know or else I would do it. He told me there's something he does that's kinda black hat. Maybe using his software engineering background to create bots that take down competitors with vero or applying massive views to their listings so their sale/view ratio gets destroyed, boost his listing to number 1, botting home depot reps with getting 10% off every order (their maximum discount if you complain), buys gift cards from a private source for more off. Or maybe something completely else.

I really don't know. All I know is some people get creative or black hat enough to beat competitors or save huge on expenses.

Isn't sourcing or entrepreneurship just about creative advantages. :ranger:

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

do it. report back. k bye.:clap:

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

So, since dropshipping is what got my accounts terminated and the reason I came here I figured this was an appropriate place to make my 1st post.

Yes this is 100% correct. It can be done. I did this just by watching various youtube videos, reading webpages and stuff like that. It was approximately 2 years in the making before I created a new account to drop ship on. I didn't want to taint my 10 year old account with the negatives I knew I'd receive.

My main source was Lowe's. Bigger margins but more hassles. So I slowly started adding Home Depot items and while my margins shrank, so did the hassle.

My listings were lower than some of my competitors, not all. I was up to 120+ sales a day, $35,000 a month with a profit around 18%, not counting gift card savings and cash back sites.

Prices were roughly 20% above costs. But also there were many top selling items that were 50% above costs that were selling 10+ a day.

I only had roughly 350 listings running, with a 2nd tier store so I had free listings up to 1000 a month. Fees pretty much max out at 10%, with a store its 9% with a few categories having lower fees.

I had absolutely 0 paid services. I did it all myself working roughly 6 hours a day. I'd work a couple hours in the morning when I woke up placing orders, handling customers that asked questions thru the night and listing 2-5 items (usually listed 2-5 items a week cuz I'm lazy lol But some weeks I'd get to 10 items) then I'd work a couple hours around noon, again placing orders, updated tracking numbers and dealing with customers then repeat again around 8 or 9 at night. That was just me. I could have easily just spent 3 or 4 hours doing it all around 6 or 7 at night but I had nothing else to do besides nap, watch TV or play video games so "playing on ebay", as I called it, is what I done.

Fees - roughly 9-10% according to my ebay invoices including ALL return costs and store costs. Paypal of course is 2.9% plus 30 cents (never really figured the average fee cost here)

Home Depot -

I only had about 20 HD listings and my profit margin was roughly 10% after all said and done. No returns to deal with - if an item was lost or damaged, I would live chat with HD and either get a free return label or in most cases a refund sent in the form of a gift card (since I paid with a gift card) to my email within minutes. I never price matched, just loaded my cart to get the free shipping and placed the orders. I had a resale tax ID so I sent it to them, got the account set up and paid 0 taxes on items.
Gift cards for HD - could never really get any type of discount. Occasionally I'd find 5% on ebay and buy it but mostly I just bought them thru Kroger and gathered up fuel points to save $1 a gallon on gas. My truck has a 32 gallon tank and gets 14 mpg so I made more money there than any discount lol Excessive points were put on a different Kroger card and sold at a rate of 6000 points for $50 ($1 off a gallon of gas 6 times). So I was making/saving a little money there. Add another 1.5% cash back credit cards reward here as well. $30,000 in gift cards = $450 cash back.
Cash back - Huge money maker here. The site I use pays 8% back. I get between $350 and $400 deposited into my paypal account every single Monday evening. This also includes my Lowes purchases at 2% but swapping Lowes for straight HD - you get the point.
Paying fees with a rewards card - Ebay fees were between $3,000 and $3,200 a month, using a 1.5% cash back card that's another $40+ a month. (This will no longer be an option now that I have to go stealth lol) Again with Lowes sales, but switch with straight HD you get the point.

Lowe's gift cards - 5% off every time never less than and about 75% of the time I'd get them at 10% off. Again credit cards rewards.
Coupons - $20 off $100 orders + free shipping is 20% savings. However, no tax ID option so you pay sales tax at time of purchase -5-7%
Cash back - 2%
Returns/refunds - Huge pitfall as you get NOTHING from Lowe's. You can get a label for free but they refund thru in store credit and send it to your customer lol So you never see it. So I would either refund/reorder or pay for the label and get it shipped to me and resell it on a local app to recoup some money.
Cancellations - would come and go because of the coupon. March was horrible for me! Tons of cancellations. My profit shrank to about 12% in march lol The refunds for the cancellations, of course went to the customer in the form of store credit so it was all loss.

So short story long - Yes, I think you can make 28% profit margins with straight HD items and a little underhandedness. Tho it will be hard with paid services and I'd recommend shooting for 15-18%. People are dumb and know nothing about ebay and allow themselves to be "scammed" by sellers. I had probably $2000 worth of sales that were OOS and the buyers never responded to me and by the time I saw or remembered I couldn't cancel them nor would I take a defect on my account because they went MIA so basically it was "free" money.

Product markup - 20% - 13% fees = 7% + 8% cash back = 15% + 5% gift card savings = 20% + 1.5% CC CB = 21.5% + haggling for 10% discounts = 31.5% = Yeah I can see 28% if you are on top of your game.

I had a lot of fun with this model. Tho it was stressful at times and ultimately cost me 3 ebay accounts. Including my main 10 year account that I am sad I lost but because I found this site, I'm actually looking forward to rebuilding lol

Well there's part of my story :) Hope you learned something as I know how hard it is learning this model. But if you truly want to learn then just jump in, start doing it and learn as you go. For all the videos I watched, pages I read, nothing taught me more than just doing it.

Oh and PAY YOUR TAXES!!! Do not mess with the IRS!

Now I'm off to buy a new phone, get a new address and a mobile hotspot to start my new adventure! I'll be back to buy the book shortly lol

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

All this makes me think of is a cripple that can hit really hard. All you have to do is trip them up and they're on the ground forever. Guess I just prefer to be a stable tank rather than a fleeting glass cannon. Hell, I filled one order this afternoon at a $150 profit from some crap I import from China - it took less than 5min to fill and I don't have to ever worry about being kicked off ebay for poor DSR. I know when stock is coming in, when stock is going out, and when stock needs to be reordered. Simple as that.

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

the question is tho.. when a customer wants to return, how does that work?

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

Appreciate you adding something meaningful to this topic rather than being an ignorant skeptic who didn't watch the video or just denies it.

I would recommend if it's possible to hire VA's. What kind of profit were you making each month or yearly if you don't mind me asking?

Any software that you used? Did you snipe or optimized your listings?

Wow Lowe's is terrible then for returns. Did not know they would do that at all.

Btw is there any way I can find this guy's account you think on ebay? He said he has about 20,000 items from home depot listed.

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

All I'll say is Lien (the original video guy I sent) has a team of VA's and now is making 50k a month off this. He never told us if he diversifies with stealth accounts. I heard a lot of drop shippers do so that if they get banned it's not as bad.

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

For the record I didn't watch the video, no need to really as I've read/seen/ heard all the claims.

I never paid for anything. I did it all myself. A couple of years ago when I quit my job I was looking for a way to stay quit and work from home. My previous job allowed me to funnel a ton of cash into my hobby so my 9 year account became my real business and kept me stable. While looking around for online income I saw all the 50k claims yada yada yada so I thought why not and picked 10 items from Amazon and added them to my site. Not knowing how to compete I had to list at higher prices, well I sold some stuff. Made about $400 in a couple months and then hit my 1st OOS and price hike at the same time. Not wanting to damage my real business I just stopped.

Then I researched, researched and researched some more until finally I decided I was just going to jump in. I read up and saw you can have multiple accounts so I created another one so my main didn't get tarnished.

Listed 10 items and got shut down. Called them up, was 100% honest with them and was immediately reinstated. Still couldn't compete, well I could but I wasnt willing to make 40 cents on an item. 1 return or broken item would mean I'd lose all my profits. Then I actually ordered something on ebay and it came from lowes and I saw that a gift card was used and then I was off to the races. I searched the item I bought, found a few sellers and mimicked their listings.

As I said I did it all myself by hand. I learned thru my mistakes as I went and thru looking for other avenues to cut my costs (rebate sites, coupons, cash back cards). I read about all the software, VAs etc but didn't need them. In about 3 months time i was making enough to pay my bills and fund my main business so I was happy. Didn't really want to trust anyone with my cash cow lol

Could I have increased it all? Absolutely. But with a few hours of work a day I was paying my bills and investing more in my main business so I was perfectly happy.

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

Insightful posts branesergen - welcome to the forum - all the best as you master stealth :thumb:

Re: 10k Net Profit Dropshipping from Homedepot to Ebay ONLY
 

Mind sharing coupon and rebate sites? I use ebates and rewards credit cards on my everyday purchases but looking for more options for daily purchases.

I was reading gas cards being bought for 90% and reguraly some sporting resale stores(yup, vague on purpose) get sold on ebay daily for 80% of value.

If you dont want to share, I dont blame you at all. Thanks for your consideration.