Discover the Secret to Making $10,000+ Profit with Amazon Dropshipping
Discover the Secret to Making $10,000+ Profit with Amazon Dropshipping
Table of Contents
- My Journey into Selling on Amazon
- Discovering the Sneaker Collection Market
- The Popularity of Drop Front Shoe Boxes
- Buying and Selling Sneakers
- The Container Store and the High Price of Shoe Boxes
- Amazon Prime and Free Shipping
- My First Sale on Amazon
- Increasing My Quantity and Profits
- People Will Overpay on Amazon
- Convenience and Ease of Use
- dropshipping Tips
- Reliable Sources
- AliExpress vs eBay
- Building Your Own Site
If you haven't followed my journey for long, you probably wouldn't know that my first hustle before I even knew that normal people could sell on Amazon was actually buying and selling sneaker collections. This eventually led me to discover a product that I made over $12,000 on a year later. Today, I want to share my experience with you and discuss how I stumbled upon this product and started dropshipping it on Amazon.
My Journey into Selling on Amazon
Discovering the Sneaker Collection Market
When I was 19, my friend Jake introduced me to the world of buying and selling sneakers. While I didn't know much about the shoe game at the time, Jake was a sneakerhead since birth. As I scrolled through Facebook groups looking for deals, I noticed that clear drop front shoe boxes were constantly selling instantly. Intrigued by their popularity, I began to wonder why these boxes were in such high demand.
The Popularity of Drop Front Shoe Boxes
From a sneakerhead's perspective, drop front shoe boxes were the perfect solution. They allowed you to stack and display your shoes simultaneously, while the drop front door made it easy to grab a pair from the bottom of the stack without restocking the entire stack. Although these boxes were a bit pricey, they were definitely worth the investment for those with a large sneaker collection.
Buying and Selling Sneakers
As I delved deeper into the business of buying and selling sneakers, I started building up my own personal sneaker collection. Within just two months, I went from owning zero pairs to ten pairs. While this rapid accumulation may not have adhered to the rules of the sneaker game, it was a valuable learning experience. Eventually, I reached a point where I realized I needed some of those drop front shoe boxes for myself.
The Container Store and the High Price of Shoe Boxes
I turned to Jake for advice on where to purchase the drop front shoe boxes. He suggested going to The Container Store, so I went there and bought a pack of six boxes for $54.99 plus tax. At slightly over $10 per box, it seemed like a reasonable price. However, as time went on and I needed more boxes for my growing sneaker collection, I found that The Container Store was often sold out. The staff informed me that the boxes would be restocked in two weeks or I could order them online.
Amazon Prime and Free Shipping
Not wanting to pay $15 for shipping, I opted to check Amazon, where I had a Prime membership and could enjoy free two-day delivery. To my surprise, the pack of six drop front shoe boxes was priced at a whopping $100! It seemed unbelievable that someone would actually pay that much for just six boxes. Intrigued, I decided to list my excess boxes on Amazon and see if anyone would bite.
My First Sale on Amazon
On June 9th, 2017, I made my first sale on Amazon. Someone purchased a pack of six drop front shoe boxes for $70, and after deducting fees, I pocketed $93. This piqued my interest, and I decided to increase my inventory. I listed fifty packs of the shoe boxes for sale, and to my delight, they started selling. Although the profit margins were slightly lower than I had hoped, I discovered that about half of the buyers purchased two or more packs, which qualified for free shipping from The Container Store. By maximizing this opportunity and combining it with Ebates and credit card cash back, I was able to make an average profit of over $30 per unit.
People Will Overpay on Amazon
This experience taught me a valuable lesson about the psychology of online shoppers. People on Amazon are willing to pay a premium price due to the convenience and ease of use that the platform offers. This is why eBay to Amazon flips and local marketplaces to Amazon strategies work so well. The convenience factor trumps the need to find the cheapest option, and if you know how to do your research, there are likely many more products out there with similar profit opportunities.
If you're considering dropshipping, there are a few things you need to know to ensure success.
When dropshipping, it's crucial to source your products from reliable suppliers. While many Shopify dropshippers use AliExpress, I strongly advise against dropshipping from AliExpress on Amazon. Amazon shoppers expect fast shipping, and if the customer doesn't receive their purchase within 30 days, they are likely to file a claim against you and never buy from you again. Make sure to research and find a source that can provide reliable and timely shipping.
AliExpress vs eBay
Dropshipping from eBay to Amazon is another option to consider, but it also has its risks. eBay sellers are not always the most reliable, and if they fail to ship orders on time or if their packaging is subpar, it will reflect poorly on your business. Unfortunately, you will have to accept the blame in case of any issues, potentially resulting in refunding the customer and losing money on the product costs.
Building Your Own Site
If you want to take your dropshipping business to the next level, consider building your own site. This allows you to have more control over the customer experience, shipping process, and branding. Building your own site grants you the opportunity to establish a stronger connection with your customers while reducing the risks associated with selling on third-party platforms.
In conclusion, my journey into the world of buying and selling sneakers led me to stumble upon a product that proved to be highly profitable for dropshipping on Amazon. The experience taught me that people are willing to overpay on Amazon due to the convenience and ease of use it offers. If you choose to venture into dropshipping, remember to source your products from reliable suppliers and carefully consider the platforms you choose to sell on. Dropshipping can be a lucrative business when done right, and with thorough research and strategic decision-making, you can find profitable products to sell.
- Discovering the profitability of drop front shoe boxes while buying and selling sneakers.
- The high price of shoe boxes at The Container Store and the surprising price difference on Amazon.
- Making over $12,000 in net profits by dropshipping shoe boxes on Amazon.
- The psychology behind why people are willing to overpay on Amazon.
- Tips for successful dropshipping, including sourcing from reliable suppliers and considering building your own site.
Q: Can I dropship from AliExpress on Amazon? A: It is strongly advised against dropshipping from AliExpress on Amazon. Amazon shoppers expect fast shipping, and if the customer doesn't receive their purchase within 30 days, they are likely to file a claim against you and never buy from you again.
Q: Is dropshipping from eBay to Amazon a viable option? A: Dropshipping from eBay to Amazon can be an option, but it comes with risks. eBay sellers are not always reliable, and any issues with shipping or packaging will reflect poorly on your business.
Q: Should I build my own site for dropshipping? A: Building your own site for dropshipping can provide more control over the customer experience, shipping process, and branding. It allows you to establish a stronger connection with your customers and reduces the risks associated with selling on third-party platforms.
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