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$10,000 In Sales First 30 Days eBay Wholesale Dropshipping in 2020

Published on: December 2 2022 by eCom Tom

$10,000 In Sales First 30 Days eBay Wholesale Dropshipping in 2020

$10,000 In Sales First 30 Days eBay Wholesale Dropshipping in 2020

how's it going everybody econ tommy with
another video coming at you guys be sure
to smash that like button because first
off i'm going to show you exactly how
step by step
i brought a brand new wholesale drop
shipping store from zero to almost 10
000
in sales in the first 30 days this
account started with pretty much zero
sales on it there was a little bit of
experience
but i did bring it from zero all the way
up to almost ten thousand dollars i'm
gonna show you exactly how i did it
what software what steps i took and
everything that you need to know so if
you like the sound of this video like i
said please be sure to smash that like
button also be sure to subscribe to this
channel
if you haven't already and when you do
be sure to hit that little bell
notification so you get notified of
videos like this
every single week also i do have a free
wholesale drop shipping mini course down
below if you want to learn more about
wholesale drop shipping because it is
what i think is going to be one of the
biggest ways to be making money drop
shipping in the future moving forward
and also be sure to check out my new
instagram that i dropped down below i've
been posting two posts on there every
single day of new native content so if
you like the sound of this video
please be sure to stik around all the
way into the end where i do show you a
software that i almost have never toked
about to anyone out there
and it's pretty much the backbone of my
wholesale drop shipping store
so let's go into my computer and i'll
show you exactly the results
all right so here we are inside of my
store and as you can see it says 9
200 in sales in the last 30 days so
first off i had to take one day off
because one of my programs got messed up
and i had to refix everything i had to
take all my items down off my store and
also
secondly it is rather early in the
morning right now so i only have 38
dollars in sales on the day but i do
expect to get more over time
so i'm saying it's 10 000 in sales in
the last 30 days so this account
was started up a little bit ago when i
was making my wholesale drop shipping
course but i
and i ended up making some sales on it
that's why there's more in the last 90
days than the last 30 days but in
reality this account was started from
scratch
uh 30 days ago and then from there i
just listed items and there was really
only about 600 items on the account from
here until the
uh what day is this the 14th and then i
listed another thousand items on the
account afterwards
so altogether there's 1635 items on this
store at the moment
and some of them were picked with zik
analytiks some of them were not some of
them were just bulk uploaded using the
software they'll be toking about the
powerpoint after this
so all in all i'm pretty happy with it
i'm going to show you exactly how much
profit i made
exactly what programs i'm using and how
to do so as well
because as you can tell there's a new
store how did i list so many items i'll
go over that as well
exactly how i did it and what tips and
tricks i have for you guys so be sure to
stay into my powerpoint where i do
show a software that i almost never tok
about and i'll see you guys inside
thank you all right before we get into
the powerpoint i just wanted to make
sure that i showed you the profit sheet
this is my whole entire profit sheet
laid out i'm going to break down
everything
you know in the next powerpoint slides
but what i wanted to show you is that
this property pretty much just shows
literally everything with
zero bias or anything that i'm trying to
cover up here like i even highlighted
right here that there was
a 800 item that i sold for a thousand
some dollars but i had to pay a ton of
money in
shipping costs because of the fact that
i didn't realize that they were in
alaska and my shipping settings were set
up wrong at that point in time
i even calculated the negative profits
that come in with cancellations because
paypal does not
give you back your paypal fees you know
every single time you cancel an item you
do lose money
and then there was one item that i did
actually lose money on you know the
profit margins weren't the highest
because this is a learning phase this
was a learning phase for a brand new
supplier that i was using
so i just wanted to make sure that
everything was as transparent as
possible
and now we're gonna make sure that we go
forward and look into my powerpoint
where i break everything down for you so
let's check that out
all right so here we are inside of my
powerpoint like i said before please be
sure to smash that like button also
subscribe to this channel
hit that little bell notification button
to get notified every single time i drop
a video
multiple times a week and i do have a
question for you guys before we get
started have you started your wholesale
drop shipping journey yet if you have
let me know in the comments down below
if you haven't
also let me know what is holding you
back so let's get into it finally the
overview there was 143 orders on that
sheet that i
showed you guys over the last 30 days
the average order cost was 59.43
so there's some expensive ones there was
also a lot of cheap items in there
so you know it did average out to that
and this was without shipping this was
just the cost of the item itself not
shipping
not sales tax that's just you know going
straight up
item price there was three canceled
orders that basically was just people
that wanted that bought the wrong item
or they didn't want it or whatever the
reason was you know these were a lot of
marine parts like i said this whole
entire one
what this whole entire store was run off
of the the wholesale supplier that i've
showed in multiple other videos called
cwr
distribution or electronics or whatever
name they're going by that day
um so you know there's a lot of
different parts and pieces and stuff
where people
you know are hemming and hawing over if
it was the right one or if they got the
wrong one
so that's why there can be some
cancellations there there's one negative
price
profit order and i'm assuming that was
just because of slow repricing because
of the fact that
after the order was ordered i checked
back later and i do have auto ordering
set up and i'll explain that
as well i checked back later and the
price had actually already jumped to its
new price
where it would have been profitable if
it sold at that price so i'm assuming
what happened was that the
repricing was too slow maybe a couple
minutes or whatever the person was you
know opportunistik and capitalized at
the right point in time
but i do believe it was only for like
negative two dollars or something it was
like or negative 80 80 cents
i forget but it was not that big of a
negative profit and then this is the
prop from the sale so basically
let's break down the properties of
806.64
if you check in the last or how i showed
you earlier there was about 9 200
in sales you have to realize that um i
did 806
divided by 9 200 it's 8.7 profit
but tiknically it is higher than that
because you have to realize that first
off there was a couple cancelled orders
and the overall profit for what i'm
selling the items for is going to be
higher than that
there was one negative profit order but
also the mistake that it was like 80
shipping to alaska when usually it was
only uh
seven or so dollars so i really didn't
make that much money on that item so
there was a couple
mistakes so mistakes obviously made the
profit lower me
you know having not really used this
supplier as much in the past or at least
you know full-blown using them
on a brand new store i did mess up a
couple settings right off the bat that's
why i had to take down my items for a
bit and that's why a couple of them sold
for negative profits and also lower
profits until i adjusted them
later on down the road also the fact
that i didn't have 1600 items up listed
the entire 30 days
it was only like 600 items for a little
bit then i uploaded another
1 1000 and the fact that when there's 9
200
in sales ebay calculates into that the
sales tax and sales tax is not something
that you i
i paid or took in you know i collected
it because ebay collected it for me for
the most part
and then i remitted it so it's pretty
much a take-in and a giveaway
tiknically it was around 10 profit if
we wanted to actually get into the
nitty-gritty of it
but again over time i i definitely
expect that to go up just with more
items more experience with the supplier
and then also calling up the supplier i
did also manage to
get in contact with somebody that i do
expect to be able to give me cheaper
shipping prices i mean not shipping
just item prices later on down the road
so those are all tikniques you need to
take into consideration
the marine industry is usually a lower
margin industry
from everything that i've been told and
everything that i've experienced so
items listed there were 1700 items
bulk uploaded so again 1700 items bulk
uploaded
and you know about eight to eight
hundred dollars or so in profit
for the first month is not bad at all
you know it's a proof of concept and you
can start adding in new suppliers more
items from that supplier
other suppliers with more items and you
know start to really take it to the next
level and that's what i'm working on
at the moment so i want to tok about
the software i use so basically i never
really toked about this software before
on
on youtube whatsoever so this is pretty
much the first time i've unveiled it to
the public in a video setting like this
i think i've mentioned it
a few times on a live so the stok and
inventory software is called inventory
source
inventory source is a program strictly
for wholesale drop shipping that we
teach mainly exclusively inside of our
wholesale drop shipping course
like i said if you are interested in
getting started with wholesale
dropshipping check out the free course
down below
and also if you're interested in the
course have any questions on it just
don't hesitate to ask me whatsoever
so inventory source has interesting
pricing plans so i want to tok about
the software i used
and the price that it cost so they have
something called full automation
it's 150 per month base includes
inventory automation
and that's on demand so pretty much any
time there's a change it actually
updates that right away so the one time
that there was that mistake or the
negative profit it must have just been
that it was extremely quickly in between
the
you know maybe minute or two that it
takes to actually update at that point
it has auto slash one click order
processing so it's actually for a cwr it
is
auto ordering so i did not have to order
any of these items myself you know once
i got it set up i think i did the first
like couple by hand
and then once i got it set up i was good
to go everything was fine
works pretty much autonomously on its
own sometimes if the address is messed
up or something like that then you know
you have to
go in there and actually manually order
it yourself there's a multi-supplier
split
order routing again i don't really deal
with any of that because there's only
one supplier auto sync shipment tracking
so it literally auto uploads tracking
numbers for you
uh negates the need for tracker bot also
the supplier is not covered in tracker
bot if you do use
tracker bot at all so that doesn't
really matter and then another cool
thing about it is that it covers
multiple suppliers i think each supplier
after that 150 is like if you want to
add another one it's only 25
a month so if i wanted two suppliers
then it would be 175 a month altogether
again i do have a coupon code down below
check that out i
believe that's gonna get you 20 off
non-stop
recurring over time and you know that's
that's a pretty big deal considering
this software can get a little pricey
but again 1700 items listed i did 800
in profit this supplier has like 25 000
items itself i can upload all of those
also not to mention
at this very point in time i'm not sure
what time you're watching this video
ebay does have a 50 000 free item
listing uh going on
because of the uh you know like a
stimulus package because of covid19
so all the listings that i put up were
actually free so i didn't have to worry
about that so the sourcing software i
did use a bit of zik analytiks
that was just for a bit again i did not
use any virtual assistants on this
account this was all run by myself
i i didn't i use analytiks for a little
bit found some items
i then decided to say screw that i'm
going to make an item sourcing robot
so that's why this little robot is right
here this is decently advanced but again
it wasn't that challenging to do if you
look up the program octopars it's free
for a small
limited amount of plan um and you can
actually create
robots that scrape the web so what i
would do is i would put a person that i
knew was drop shipping
the supplier that i wanted to use cwr
and at that point in time i put them
into sick analytiks i got their store
and then i used octopars to scrape every
single item out of their store and then
i used other code
to you know get the specifics out and
then actually just match it to
the suppliers just inventory sheet so it
was pretty quick
that's how i got all these items so
quickly and you know that's pretty
much why it was so easy to get done you
can bulk upload using inventory source
um so nothing was really manual
whatsoever so i'm sure there's a lot of
questions
that are coming with something like that
so please ask them down below
i'm sure you have a lot the total
software cost is about 175
and again the 175 is going to cover
whether i upload uh
you know 5 000 more items 10 000 more
items it's only going to scale
and become more profitable from here so
tikniques that i utilize i want to tell
you guys the exact tikniques that i
used i used bulk sniping off of other
stores with zinc analytiks
created a bot to scrape people's sold
items
so again a lot of these people are doing
the same method i am they have like cwr
a couple other maybe marine
suppliers other suppliers out there
electronic suppliers and they're pretty
much bulk uploading
like you know thousands tens of
thousands i've seen people 100 000 plus
listings
onto their store so they're selling a
lot of items that are you know just kind
of random
at that point in time scraping their
store with a robot makes a lot more
sense than you know really trying to
niche down and find the nitty gritty
good items and stuff it's just a lot
easier
to bulk find items so find good
wholesale suppliers that was one thing i
did right off the bat when i found cwr i
really liked them
in the long run and again i really
haven't used them too too much i made
some videos about them
but you know this was the first like
month that i really just like niched
down and used them
and really try to figure out everything
about them so they can be just as good
as retail suppliers i realized
everything that a wholesale supplier has
as long as the
good wholesale drop shipping supplier
should be pretty damn equivalent to what
a retail supplier like you know using a
walmart onto
onto ebay would do you know they have
fast shipping faster handling time than
any other handling time i've seen out
there i could probably qualify
for top rated plus which is another
thing that i plan on doing in the future
they get out their items within like a
couple hours of you
actually ordering it and it's auto
ordering so again you have to realize
the biggest issue in the past with
getting items out on time is if you're
not sitting there with your retail drop
shipping store
is that you know you need to have
virtual assistants ordering them
they're different time zone 12 hours off
you know maybe your item got ordered at
7am your time but doesn't actually get
processed until like 8pm
you know your time uh later on that day
you know early in the morning for the
virtual assistants time
and then you know it doesn't actually
get out until like two days from then
because it was ordered so late that
night
you need to realize that that's a thing
and to you know the auto ordering really
does
actually help a lot with that they offer
competitive pricing and a great return
policy
i haven't been hit with a restoking fee
yet on any returns and the returns did
come in afterwards
shipping prices are variable you need to
keep that in mind so one of the biggest
things i realize about them is that they
have a flat shipping fee
of 7.95 if you want they call it best
way shipping
but they also have smaller items that
can go usps first class usps first class
is usually
cheaper than 7.95 so i split items up
between first class and between not
first class so that i could put
proper shipping policies on there so
that i can actually be competitive on
the cheaper
lighter weight items just pretty much a
tiknique i use you want to check out
the inventory source
suppliers list find a good supplier test
it out if it's good
snipe other people that are selling from
that supplier bulk list and repeat so
that's pretty much what i'm in the
process of at the moment
finding new suppliers listing their
items and whatnot
so there's going to be some key
differences what are the key differences
between
wholesale and retail drop shipping first
off when i uploaded these items onto my
wholesale store
not a single item was optimized
whatsoever i didn't put in item
specifics
and i didn't do any title optimization i
really wanted to see how many
sales i could do with uh you know
certain thousand amount of listings
without optimizing whatsoever so it's
pretty much a basic title
no item specifics between besides like
upc and
uh you know brand because you have to do
that besides that that was it
bulk uploading did occur i literally did
bulk upload all of these items you know
i didn't
physically manually list a single one
and uh some items were most likely not
targeted like i say right here
and i did use api based software
inventory source is
api based stok and inventory monitoring
software
but you have to realize this is for
wholesale suppliers if you look at ap
the api terms of service that ebay has
for retail drop shipping they say
you cannot use api to reprice and stok
items based off of you know items from a
retail or a supplier or a marketplace
and other things about retail but this
is wholesale some of the ways that i
think that they would be able to tell
the difference is first off the what
what actual software i'm using
also the fact that you know just bulk
uploading is a little bit different
they're definitely scraping for tracking
numbers that could be like amazons and
stuff like that for retail and that's
why people are getting in trouble
that's mostly why i think i did not get
in trouble also the fact that you know
there's going to be less updates
specifically with pricing
stoks do change a decent amount but
pricing does not change that much
or pretty much at all with wholesale
suppliers and so far
i've notiked because of all this there's
less customer service altogether
because these items aren't being
uploaded with you know specific titles
or item specifics or anything like that
that could possibly have your
your virtual assistant could mess up on
or anything like that that could mislead
the person when buying it that would
lead to a return
later on down the line or questioning or
comments or concerns
there's really it also could have been
the niche you know like the whole the
wholesale marine niche might be you know
some hardy dads out there that really
don't complain about things but
either way there was a lot less customer
service so what are some key takeaways
right here i hope you guys have been
enjoying this video by the way i do know
that it is a long one but i do want it
to be as you know in depth and
explanatory as possible
the wholesale drop shipping model is a
very viable business model
like i said you can make sales right off
the bat you can bulk upload you can use
api software
it's everything that you wanted from
amazon to ebay drop shipping except
legal on ebay's platform amazon's
platform any platform out there
you know much more sustainable in the
long run and you know it it works over
time it's only going to get better over
time when you're
building relationships with these
suppliers they're most likely going to
cut you a break
and you're going to get better deals
over time you think about that in the
long run for this business
scaling faster will come with bulk
uploading more items so the more
items that i bulk upload again i have 50
000 free listings and so do you
until july of 2020 i highly suggest you
take advantage of those and i have like
20 000 items ready to go
and i'm going to be uploading them so
reinvest your profits as much as
possible
so from here in the future when i need
to actually pay for a store subscription
higher than a basic store be
advantageous with how many items i have
i'm going to reinvest into an anchor
store subscription new suppliers
figuring out new suppliers you might
have to pay for some of them
anything like that and then also virtual
assistants i'm gonna have virtual
assistants running it
i just didn't want to and it was easy
enough for me to do it and you know it's
a little humbling as well because i
haven't done it
for a long long time and you always want
to be testing out great suppliers so
i've already found some new ones that i
want to be implementing i've already
found great items for them
again i really just wanted to make sure
that i hit about ten thousand dollars in
sales in the first 30 days of this
supplier
so i can make a video about it and then
move on to other suppliers honestly so
that's where i'm at right now
check out our free mini course down
below you know if you are interested in
wholesale again my business partner
jason has a lot more experience than i
with it
but i am taking it very seriously and i
do see the benefits of it as a business
model
i have not quit retail drop shipping but
i do think that wholesale is going to be
a lot more long-term and sustainable
in the future specifically if there's
any rule changes i don't see any in the
future that ebay is coming out with but
if there is
you know then it could possibly affect
retail drop shipping where wholesale
drop shipping has been pretty much
guaranteed to be good across the board
for a long time
so that's about it in conclusion
please post your questions down below
i'm sure there's a lot about what
software i'm using
how i created a robot to scrape my store
or to scrape other people's stores
you know anything about that let me know
down below don't be afraid to ask
questions about this business model
no questions a stupid question only the
ones that you don't ask
keep that in mind if you found this
video helpful please be sure to
subscribe
and hit that little bell notification to
be notified every single time i post a
video
like this so i hope you you know got
some inspiration from this we've had
students that bought the wholesale
course that followed the methods that we
teach within
inventory source just like this and
they're doing a couple thousand
thousand plus uh i think uh 5 000 the
highest i've seen so far it's a newer
course
you know from students that are doing
pretty much exactly what i'm doing at
the moment too
so they're getting started they're
taking action and they're the ones that
are
reaping the rewards seeing the results
and getting the benefits over
the long run so again very viable
business model i was very
happy with the way that this with the
the results of this and
pretty much just going to be taking it
to the next level so
keep in mind that there's probably a
video of 25
30 40 50 000 with wholesale be ready for
it and i will see you
then thanks guys
you