Whether you are just getting started or already deep into your dropshipping business, one of the things that you think about the most is how to make more profit at the end of the day and month, doing what you love doing the most.
In this article, you will learn about the 5 different methods to increase your profits on eBay dropshipping store.
1. Don’t Put All Of Your Eggs In One Basket
Sure, Amazon or AliExpress are easy to work with from the start and have a wide variety of items. On the other hand, the competition is fierce because many dropshippers are using them.
Other suppliers such as Costway, Walmart, Banggood, Homedepot, Wayfair, Costco, Overstock, and Chinabrands are a few good examples that you can add to your store to generate more sales and profit.
To take it one step further, Costway and AutoDS have formed a partnership in which you benefit from a 3% discount on all of your purchases on their platform (including UK, France, and Germany).
Furthermore, if eBay ever asks for a dropshipping agreement between you and your supplier, you can easily overcome it with the help of Costway’s dropship friendly platform and our strong partnership.
Also, we have a full webinar about the top 5 dropshipping suppliers for 2020 where we are explaining everything that you need to know to start working with the most profitable Amazon alternatives.
From finding winning products, more suppliers to work with, configuring the right policies and strategies, don’t miss out on this powerful webinar if you haven’t seen it yet.
2. Increase Your Profits Using Chinese Suppliers
Working with Chinese suppliers has been around since the start of dropshipping, and it’s not going anywhere.
The items refresh quickly, factories are working non-stop to keep up with the rising demand, and the categories and variety are endless. Prices are low, and profit margins are high. All of these things allow us as dropshippers to increase our dropshipping store profits.
Here in AutoDS, we created a full webinar about dropshipping from AliExpress. On the webinar, we have developed to work successfully, efficiently, and profitably with AliExpress.
Banggood is another huge Chinese (and American) supplier that you can generate a lot of sales and profit from and further separate yourself from your competitors.
They have over 200000+ products and 800+ brands to choose from and are super dropshipping friendly.
Banggood also has something called the Banggood dropship center, which offers extra discounts to all dropshippers.
So by using Chinese suppliers, you will dramatically increase your profits while dropshipping on eBay.
3. Coupons Are a Blessing
Many products have coupons which help reduce our costs and raise our profits. Since there’s no way on Amazon to search only for items with coupons, you have to consider yourself lucky when stumbling upon a product with a % discount coupon.
On the other hand, the AutoDS Finder can search and add high selling items with coupons. Not only will it save us the time to search for winning products, but it will also help us raise our profits by adding these products with coupons.
For Aliexpress coupons, PriceBlink is a chrome extension that will show you if you have any seller coupons available. Sometimes you can find discounts up to 40% using this helpful tool.
4. Price Optimization Technique
Another great method for maximizing your profits is by using the price optimization technique.
This method balances out your pricing to maximize profit for best sellers while encouraging less selling items to sell.
If the product is popular and keeps selling, the system will increase its price. Leaving you with more profit for your frequently selling items.
If the product stops selling, the system will decrease the price. So you will be more competitive and might sell it again. How neat is that?
5. Extra Profit Using the Shipping Policy
Another creative method to raise your profits is by adding an expedited shipping option for $1.99. This is on top of the free shipping policy. It’s essential to keep the free shipping policy as the default to rank higher on eBay’s search engine.
On eBay, head on over to Account settings then to Business policies.
Click on “Shipping” to see your shipping policies and choose your default shipping policy.
After clicking your default shipping policy, you’ll land on the editing page.
Scroll down to “Domestic Shipping”
Under “Services” click on “Offer Additional Service”
A new drop-down menu will appear.
Choose “Expedited Shipping” (1-3 business days) and price it $1.99.
It should look like this:
If the item is coming from China, choose “Economy Speedpak from China/Hong Kong..”.
The added price is entirely up to you. Just don’t get too greedy!
Handling time differs, depending on which supplier you’re working with. Plus, how long it takes them to supply a tracking number.
That’s it – you’re good to go! Now, when your buyer checks out, he can choose between free shipping or expedited shipping. The ordering process will be the same, but with the option of making a 100% profit if the buyer chose the “expedited shipping” option. This allows us to increase our dropshipping store profits.
We hope you’ve enjoyed this article on five great methods to maximize your eBay dropshipping profits and further stand yourself out from the competition. Implement all of them and enjoy the fruits!
If you have any questions or comments, let us know in the comments section. We will be more than happy to help!