Quote:
Originally Posted by keekeedee
Useful file Jaybone.
Dropshipping can be very profitable. I know of people selling some items we have very successfully.
Spypens can be purchased from DropTheGoods.com for £19.99, people are selling these for £40+ on the internet, so that's 100% profit.
The Touch screen phones are being sold for £95+, thats 33% profit.
So some great money to be made.
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excepts its not is it? if it was 100% profit you would have to get it for free and have no costs associated with selling it.
It is 100% mark up (if you are not VAT registered)
It would be a 50% gross profit margin. Net profit would be minus any other costs associated with selling the product. Fees, postage, tax, overheads etc etc etc
Not trying to have a go but as a businessman and seller you should make correct statements about potential profit to potential customers and not make crazy statements of 100% profit.