Survive” Making Money Online” The IM Life Preserver Archives Part II

Hi, It’s IM Newbie Here!

Disclaimer: This post is one of others to come, created to shed light on the compulsive decisions that one may make during there quest for an online business. It is for illustration purposes only. Resemblances to yourself or others in this story are merely coincidental.

So as I was saying in my previous post, I compulsively purchased this Ebay program to launch my new “Making Money Online Business”. So a week later I get a call from the Guru’s sales sharks, because they found themselves another compulsive buying sucker. They start to introduce the idea to me about starting to build my own website. They had a program that was considered to be a “turnkey program” and they wanted to find if I was qualified. They had all the components that a new Online business owner needs to get their business off the ground, which included dropshipping products and services, website builder, Mentor, which came along with an outlined 15 week program that would pretty much hold your hand from start to the launching of your business. They even provided you with an accountant team to organize your business that would handle your Corporate Tax and Personal Tax needs. I mean they really laid it on thick, by saying this turnkey system will only enhance the Ebay end of the business. I will be able to launch Ebay auctions directly from my website, and the best part is that I would not have to spend a dime on merchandise. Simply take in the orders, collect payment, order the product and drop ship the purchased item to your customer. Take your cut and go straight to the bank.

This sounded intriguing, but as mentioned before I wanted to learn how to use Ebay selling platform with the program I had already purchased and I knew that building a website at the same with this turnkey system was going be too much for me to handle by myself. Everything sounded so good, once again that compulsive being with you is been fuel with the idea of a cash flowing “money making” business right out of my home and the thought of it all was hard to resist. So to make a long story short, I introduced the idea to my significant other, and it captured her interest and now I had my needed partner and I was ready to get started.

You will come across a ocean full of programs similar to the one mentioned here on the Internet. My advice to you is not to get get consumed into the sales hype behind drop shipping. It sounds good, but the bottom line is that it is very difficult to find marketable items that you can drop ship and actually make a profit. Simply put, the bulk of drop shippers I have researched sell items with little to no profit margin. You see, because you are not buying items in bulk you are basically paying for items at are maybe if your lucky just below retail price, and they turn around and advertise that they are wholesale priced. Don’t believe the hype. Most of the drop shipping programs I have found were falsely advertised other than a select few. Then on top of that! When I found a program where pricing may have permitted a profit margin based on the “suggested retail price” they were products with little or no demand. Forget drop shipped items on Ebay. You can not compete with the pricing of the Ebay Power sellers. These Ebay stores are housed by well established sellers that have their own inventoried store fronts, and are truly purchasing their product at wholesale prices.

Your comments and feedback are welcomed!

If you enjoyed this post, make sure you subscribe to my RSS feed!