Hello guys,
I know I'm new in this society of fastlane thinkers and I thought I'd share my own story on how I went from high to low. I hope anyone who reads this learn from the mistakes I've done and the lessons I've learned.
Early in 2016, I have flipped the light switch on by accident. I was then selling on Ebay cosmetic products sourced from China. It was a fun experience, even though short-lived. I remember seeing money pouring into my bank account to the point that the profit was paying for my car. I'm pretty sure all of you have felt that jolt of excitement when you first saw the money coming in.
For a couple months I was earning roughly about an average of $4000-$5000 a month just with eBay alone. I have to admit that having physical products was tiring with all the printing, packing, and shipping; Plus inventory updating and re-ordering all by myself. Hence, I decided to dropship. BIG ROOKIE MISTAKE of mine. I did AliExpress and the shipment time took ages that I had a lot of return requests and reimbursements made. With that, my ratings went down and led to the suspension of the account. I'm sure majority of you guys know what happens if you get suspended. You never get reinstated.
I bid farewell to eBay after attempts of recovering my seller account and transferred to Amazon Seller Central. I tried different products ranging from accessories to office products and the likes. You'll be surprised to find out what item sells and what doesn't. In my case, my fast moving product was a faux surveillance camera (a dummy one/a fake one). Of course, not learning from my mistake, I dropshipped the products again. Account suspension came next -- not only because I had "invalid" tracking numbers but competitors bought my product and left negative reviews to up theirs. I also got messages from competitors threatening to report my account if I didn't take my products down. It was horrible.
I tried to reinstate my account and got a response from Amazon. However, I had to opt for the "Fulfilled by Amazon" program this time. Until now, I haven't tried it yet as I haven't found a profitable product for this program with all the fees Amazon requires.
There it is. I know it's not much, but that was my first break of trying it on my own. Learned from it this time and swear to do it right this time as well. I hope this helps someone starting out their journey to the eBay and Amazon World of Commerce. Goodluck!
Here's to better days and a better 2018!
I know I'm new in this society of fastlane thinkers and I thought I'd share my own story on how I went from high to low. I hope anyone who reads this learn from the mistakes I've done and the lessons I've learned.
Early in 2016, I have flipped the light switch on by accident. I was then selling on Ebay cosmetic products sourced from China. It was a fun experience, even though short-lived. I remember seeing money pouring into my bank account to the point that the profit was paying for my car. I'm pretty sure all of you have felt that jolt of excitement when you first saw the money coming in.
For a couple months I was earning roughly about an average of $4000-$5000 a month just with eBay alone. I have to admit that having physical products was tiring with all the printing, packing, and shipping; Plus inventory updating and re-ordering all by myself. Hence, I decided to dropship. BIG ROOKIE MISTAKE of mine. I did AliExpress and the shipment time took ages that I had a lot of return requests and reimbursements made. With that, my ratings went down and led to the suspension of the account. I'm sure majority of you guys know what happens if you get suspended. You never get reinstated.
I bid farewell to eBay after attempts of recovering my seller account and transferred to Amazon Seller Central. I tried different products ranging from accessories to office products and the likes. You'll be surprised to find out what item sells and what doesn't. In my case, my fast moving product was a faux surveillance camera (a dummy one/a fake one). Of course, not learning from my mistake, I dropshipped the products again. Account suspension came next -- not only because I had "invalid" tracking numbers but competitors bought my product and left negative reviews to up theirs. I also got messages from competitors threatening to report my account if I didn't take my products down. It was horrible.
I tried to reinstate my account and got a response from Amazon. However, I had to opt for the "Fulfilled by Amazon" program this time. Until now, I haven't tried it yet as I haven't found a profitable product for this program with all the fees Amazon requires.
There it is. I know it's not much, but that was my first break of trying it on my own. Learned from it this time and swear to do it right this time as well. I hope this helps someone starting out their journey to the eBay and Amazon World of Commerce. Goodluck!
Here's to better days and a better 2018!
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