PayBox is a website which supposedly gives you $25 when you sign up and $10 for any person you refer to them. PayBox seems to be planning to open up a PayPal-type website for making online transactions. They are not open to the public yet and have "earlybird" users, people who sign up now, that they have complete their daily survey and vote on debit card designs, etc. They give you bonuses for simply going to the site regularly and doing these things. I signed up about three or four weeks ago and, as of right now, I have $601.80 in my account and I have only referred six people.
So, What's the Catch With PayBox.me?
PayBox.me seems pretty safe to sign up for. You only have to give them you name and email, no other personal information. But, here's the catch if there is one. This quote is taken directly from their terms of service:
"All account balances are held in PayBox currency. PayBox maintains a currency that is autonomous and independent of all nations and governments. The PayBox currency is denominated in dollars and cents (similar to the currency of the United States and over 20 other countries). The PayBox currency is currently in a closed system, and cannot be exchanged or spent. Before long we plan to open our currency to be spent and exchanged just as you can with any other currency. Our plans include person-to-person transactions (via the Internet and over cell phone text messages), integration with merchants and shopping cart systems, debit card transactions (through an issued debit card linked to your account), and more. The value of our currency is estimated to be close to that of the U.S. dollar. As is the case with any currency, once the PayBox currency becomes openly exchangeable, its value as weighted against other world currencies can and will fluctuate due to forces beyond our control."
So, as long a PayBox currency ends up being worth something, you might have some money you can spend when they eventually open up. They say they plan to "Open the Box" in April of 2011. The risk is that PayBox currency will be pretty much be worthless and you get nothing. They do say that they will be offering cash bonuses to early bird users very soon, so that might change things a little. There is very little risk involved because you don't have to give them any real personal information. I spend less than five minutes per day on their site, so it's doesn't take up a lot of time. Just remember if you sign up, there is the risk that you won't get much or anything. But if it takes off, your PayBox bucks maybe worth about as a dollars a piece.
Links:
PayBox
Sunday, December 19, 2010
Saturday, December 18, 2010
Dropshippers: Don't Have Anything to Sell Online? Use a Real Dropshipper
If you are thinking of selling products online but either can't think of anything to sell or don't have anything to sell, one way of getting around this problem is to use a dropshipper. Dropshipping allows you to sell products online that you never have to see, touch, or stock.
What is a Dropshipper?
A dropshipper is a company or wholesaler who will ship the item to your customer after you sell it. In other words, you sell the product on eBay, Amazon, your own website, or wherever. You then purchase the item from the dropshipper (for less than you sold it for, of course). At that point, the dropshipper ships the item to your customer and you pocket the profit. There are literally thousands of companies and wholesalers who dropship just about any kind of item you can imagine and they would for you to sell their products for them.
I made a lot of money selling dropshipped items on eBay. Although I don't do that anymore, there are still plenty of people doing the exact same thing and making money doing it. You always want to make sure that you have the buyer pay for shipping or include the shipping in you price. You don't want those shipping charges taking away from your profits
Where Can I Find a Dropshipper?
This can be the tricky part sometimes. If you do a search on the internet using Google or whatever search engine, you will get search results from a lot companies claiming to dropshippers, but they aren't really dropshippers. They are companies who act as middlemen between you and the dropshippers. This causes the cost you pay for the items to go up and it is very difficult for you to sell the item at a price that will be profitable for you. The middleman has to make money so the price you pay goes up. That's why I used the term REAL dropshipper in the title of this post.
A real dropshipper will never ask you to pay a monthly fee. A real dropshipper may charge a small dropshipping fee per item sold and may require a deposit before you can begin selling their products. The deposit money is usually then used to make you first few purchases, so you don't lose that deposit money. Stay away from companies who are middlemen and charge monthly fees.
Which brings us to the question again, where do I find dropshippers? Well, you can literally call hundreds or thousands of companies and wholesalers and ask them if they dropship, but that would be time-consuming and just horrible I would imagine. Most people who sell dropshipped items don't want to give away their sources for fear that you would become the competition, so asking people in forums or other places online usually doesn't work either. So, what you need is one place that lists a whole bunch of companies and wholesalers who dropship. I have searched and searched on many different occasions and, unfortunately, I have found only one. It's a good, but you have to pay a one time fee. WorldWide Brands has an extensive list dropshippers and wholesalers. They claim to give you access to over 8 million products from numerous dropshippers and wholesalers. I did some research about the company and found nothing bad that anybody had to say about them. Everybody seemed to think they offered a great service. I created an account with them and paid for the service. It's definitely worth it but I suggest you do two things.
1. Test what I have told you. Try to look up and find some dropshippers on Google or your favorite search engine. I doubt you will find much, but I want you to see for yourself.
2. Search and see what everybody has to say about Worldwide Brands. I think you'll find people have good things to say about them.
Why don't you just tell us some of the dropshippers that we can use so we don't have to go to Worldwide Brands?
It's in their terms that I not disclose any of their sources. If I did, they could suspend my account and I paid good money for that. Having said that, I will give you one dropshipper and that's because I found this one on my own before even subscribing to Worldwide Brands. I used this one over the course of one summer to sell about $5000 worth of products on eBay. It's OneInc.com. They have quite a big list of items that they sell. My experience was that some items I could sell for a profit on eBay and some items I couldn't from this dropshipper. You will want to search completed listings on eBay to determine if a particular item is selling for an amount that you will make a profit. I had a lot of fun with this dropshipper. It was so easy once I had the listing on eBay. An item would sell, the buyer would pay me with PayPal, I would use my PayPal Debit card to purchase the item from OneInc.com, they would ship the product to my customer, and I would pocket the profits. I would then relist the item on eBay to sell another one. It literally took about five minutes per sale once I had the listing typed up and was just relisting each time on eBay.
Well, that's about it on dropshipping. If you have any questions, feel free to email me. If ya try any of this out, let us know how it goes in the comments. Give it a shot. It's lots of fun.
Links:
Worlwide Brands
OneInc.com
What is a Dropshipper?
A dropshipper is a company or wholesaler who will ship the item to your customer after you sell it. In other words, you sell the product on eBay, Amazon, your own website, or wherever. You then purchase the item from the dropshipper (for less than you sold it for, of course). At that point, the dropshipper ships the item to your customer and you pocket the profit. There are literally thousands of companies and wholesalers who dropship just about any kind of item you can imagine and they would for you to sell their products for them.
I made a lot of money selling dropshipped items on eBay. Although I don't do that anymore, there are still plenty of people doing the exact same thing and making money doing it. You always want to make sure that you have the buyer pay for shipping or include the shipping in you price. You don't want those shipping charges taking away from your profits
Where Can I Find a Dropshipper?
This can be the tricky part sometimes. If you do a search on the internet using Google or whatever search engine, you will get search results from a lot companies claiming to dropshippers, but they aren't really dropshippers. They are companies who act as middlemen between you and the dropshippers. This causes the cost you pay for the items to go up and it is very difficult for you to sell the item at a price that will be profitable for you. The middleman has to make money so the price you pay goes up. That's why I used the term REAL dropshipper in the title of this post.
A real dropshipper will never ask you to pay a monthly fee. A real dropshipper may charge a small dropshipping fee per item sold and may require a deposit before you can begin selling their products. The deposit money is usually then used to make you first few purchases, so you don't lose that deposit money. Stay away from companies who are middlemen and charge monthly fees.
Which brings us to the question again, where do I find dropshippers? Well, you can literally call hundreds or thousands of companies and wholesalers and ask them if they dropship, but that would be time-consuming and just horrible I would imagine. Most people who sell dropshipped items don't want to give away their sources for fear that you would become the competition, so asking people in forums or other places online usually doesn't work either. So, what you need is one place that lists a whole bunch of companies and wholesalers who dropship. I have searched and searched on many different occasions and, unfortunately, I have found only one. It's a good, but you have to pay a one time fee. WorldWide Brands has an extensive list dropshippers and wholesalers. They claim to give you access to over 8 million products from numerous dropshippers and wholesalers. I did some research about the company and found nothing bad that anybody had to say about them. Everybody seemed to think they offered a great service. I created an account with them and paid for the service. It's definitely worth it but I suggest you do two things.
1. Test what I have told you. Try to look up and find some dropshippers on Google or your favorite search engine. I doubt you will find much, but I want you to see for yourself.
2. Search and see what everybody has to say about Worldwide Brands. I think you'll find people have good things to say about them.
Why don't you just tell us some of the dropshippers that we can use so we don't have to go to Worldwide Brands?
It's in their terms that I not disclose any of their sources. If I did, they could suspend my account and I paid good money for that. Having said that, I will give you one dropshipper and that's because I found this one on my own before even subscribing to Worldwide Brands. I used this one over the course of one summer to sell about $5000 worth of products on eBay. It's OneInc.com. They have quite a big list of items that they sell. My experience was that some items I could sell for a profit on eBay and some items I couldn't from this dropshipper. You will want to search completed listings on eBay to determine if a particular item is selling for an amount that you will make a profit. I had a lot of fun with this dropshipper. It was so easy once I had the listing on eBay. An item would sell, the buyer would pay me with PayPal, I would use my PayPal Debit card to purchase the item from OneInc.com, they would ship the product to my customer, and I would pocket the profits. I would then relist the item on eBay to sell another one. It literally took about five minutes per sale once I had the listing typed up and was just relisting each time on eBay.
Well, that's about it on dropshipping. If you have any questions, feel free to email me. If ya try any of this out, let us know how it goes in the comments. Give it a shot. It's lots of fun.
Links:
Worlwide Brands
OneInc.com
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