Work From Home w/ DS Domination Go to --> buff.ly/1n1mqzA Good afternoon guys (and girls), well actually good evening. I am sorry. We are; I believe that we are October 3rd, today is Friday... Yes today is October 3rd, 2014 and I am recording this; I am shooting this recording because I want to share, elaborate more with you guys (and girls) on Selling Limits (eBay Selling Limits). This is an important information. I will show you how I use the limits and what metric I follow. So, that way you can get a better understanding of how to develop a strategy when selling on eBay. For those who dont know, I am a member of DS Domination. This recording is related to Drop Shipping. So, if you dont know what it is about, please follow the website thats going to appear on the screen, right here. Were my finger is at. I am going to put the link... Its going to be buff.ly/1n1mqzB If you dont know what Drop Shipping is about, follow that link and it will give you an introduction. Now if you are interested into it you can subscribe to my recordings, to my YouTube videos. Now lets get to business. When you start your account with eBay, eBay sets some limits, some grounds on you as a New Seller until you prove yourself and then they will start increasing your limits. I believe they do that to protect their buyers. Usually you have 2 limits: an item limit and a dollar limit. So, what I do? I do a ratio. I do a ratio of dollar over limit. I do this because I want to take the most out of the limit that I have. It worked for me because my eBay account is International. I am not in the US. I am in the Dominican Republic and the limit that they allowed me sell was very little. So, if I didnt use that technique I wouldnt be doing well with Drop Shipping on eBay. I started with 500 USD limit and 10 items. So, what I did? I took the dollar amount and I divided it by the items number. It gave me $50 USD. I decided to sell items that are below or around 50 USD. I did that because I wanted to use the item and the dollar amount to their full potential. Now, with time; step by step my account increased and now its at 260 items with $19250 USD. When I calculate the rati$o 19250 USD / 260 items = $74 USD. So my goal right now is to list items that are around $74 USD. So that means on Amazon they are not 74 USD, they are cheaper so that when I add my profit + eBay fees it reaches 70, 75, or 80; around that amount. All right? Many people may disagree with my strategy, but it has worked for me so I am going to keep on doing that. So, thats Dollar amount over Item. It gives you a ratio and you use that ratio to see in what area, what type of item you should set your focus on. This is all for this video, this recording. I am going to make another one and I am going to elaborate a little more into strategies on price and what items to chose from. All right? Take care guys and see you on the next recording. Go to --> buff.ly/1n1mqzA
Posted on: Sat, 04 Oct 2014 02:57:26 +0000
Recently Viewed Topics
© 2015