eBay DropShipping Has Changed, How to start in 2024?

Summary

In this video, Zena explores the viability of drop shipping on eBay in 2024, confirming its legality within eBay's terms and conditions. She provides a step-by-step guide for beginners, emphasizing the importance of finding reliable suppliers and using automation tools like autods to manage listings, stock, and pricing. Zena shares her 11 years of experience selling on eBay and Amazon, offering insights into starting with drop shipping as a low-risk business model before potentially transitioning to bulk buying and fulfillment methods like Amazon FBA.

Takeaways

• 📅 Drop Shipping remains a viable business model in 2024, offering a way to start selling on platforms like eBay without the need for bulk inventory purchases.
• 🛑 While Drop Shipping is legal and within eBay's terms when using B2B suppliers, using platforms like AliExpress or Amazon for Drop Shipping is a grey area and not officially permitted.
• 💡 The video suggests starting with eBay Drop Shipping to learn the business with low risk, as it doesn't require upfront inventory investment.
• 💼 Zena, the speaker, has 11 years of experience selling on eBay and Amazon and offers advice based on practical knowledge.
• 💰 There's potential to make a decent profit from Drop Shipping, with some individuals earning around £10,000 in profit, but scaling can be challenging beyond a certain point.
• 🔍 Finding a reliable supplier is crucial for success in Drop Shipping, as is having a system to automatically list items from the supplier's catalog on your eBay store.
• 📊 To maintain inventory accuracy, it's important to monitor stock levels and prices, as changes can affect profitability.
• 📝 The video provides a step-by-step guide on how to start Drop Shipping, including using software like autods to automate the process.
• 🔗 autods is recommended as a Drop Shipping software that can automate listing, stock management, and order fulfillment, starting at just $1.
• 🔗 Links to additional resources, including how to set up an account with autods and how to create an eBay account in 2024, are provided in the video description.

Q & A

Is drop shipping still a viable business model in 2024?

Yes, drop shipping is still a viable business model in 2024, especially for new sellers looking to start without a significant upfront investment in inventory.

What are the main advantages of drop shipping for new sellers?

The main advantages include not having to buy products in bulk, linking directly with suppliers, and having them handle the order fulfillment, which reduces initial costs and risks.

Is drop shipping legal on eBay according to the provided transcript?

Yes, drop shipping is legal on eBay as long as it's done through B2B suppliers who do not sell directly to customers. However, using platforms like AliExpress or Amazon for drop shipping is a gray area and not officially within eBay's terms and conditions.

What is the potential downside of drop shipping on eBay mentioned in the transcript?

A potential downside is that while it's possible to make a decent living from drop shipping, there may come a point where scaling the business becomes difficult due to the nature of the model.

What is the recommended starting point for someone new to drop shipping according to the video?

The video suggests starting with eBay drop shipping, which is competitive but allows for learning and low-risk entry without having to manage inventory.

What are the key steps to start eBay drop shipping mentioned in the transcript?

The key steps include finding a reliable supplier, using software to automate listing items from the supplier to eBay, managing stock and price updates, and ensuring a method to fulfill orders.

What is the role of autods software in the drop shipping process as described in the transcript?

Autods is a drop shipping software that automates the listing of products from suppliers to eBay, manages stock and price updates, and processes orders, making the drop shipping process more efficient.

How does the autods software help manage stock and price changes for drop shipped items?

Autods keeps an eye on stock levels and price changes from the supplier, adjusting the listings on eBay automatically to ensure the seller does not lose money or overpromise on availability.

What is the recommended approach for someone looking to scale their drop shipping business?

The transcript suggests starting with drop shipping to learn the business and then transitioning to buying in bulk and using fulfillment services like Amazon FBA for scaling.

How can new sellers find and list products worth selling on eBay using autods as mentioned in the transcript?

New sellers can use the 'winning products' feature in autods to find products worth selling, filter them based on shipping time and price, and then import them directly to their eBay store.