Dropshipping/Arbitrage
Dropshipping is a method which can be the simplest of services a person can create a means of business through, and while it's simple, it's also risk-free.
Dropshipping is the case of going onto any website that sells products, like Argos or Aliexpress etc.
First, we make a list of products which are selling on eBay, Amazon or any online marketplace where you can post your products to the customers.
We want to find a product that sells on eBay for more than the shop we are going to, for instance, we'll say Aliexpress.
If you here, you'll see a speaker being sold through Aliexpress for £5.87 and then you here, you'll see that same speaker being sold on eBay which is being shipped straight from the shop in China that I've directed you to, which is being sold at £20.33, which is an increase of £14.46, meaning that you would pocket £14.46 from every one of them that you sold.
If you sold one of these speakers, you could buy 3 with change in your pocket and then advertise the other 2 on a separate marketplace and with every one of them you sold, you could buy a further 3. Keep putting this process into action until you can buy 100, and then look towards upgrading this process which you will find below.
I'm not suggesting for you to follow exactly as I have said with the speaker, because that would saturate a marketplace with a single product which will create too much competition for this product, what I am suggesting is that you should take this example and understand that thousands of shops sell products that you can apply this same strategy to, and then create an understanding that will guide you to finding the best deals that you can create your lists of distributors and then couple them with a marketplace which will give you a process that you can then eventually upgrade.
If you wanted to upgrade this process, you would then contact the manufacturer of the speaker and through salesmanship, you would get an estimate on what it would cost for a set amount of units and in your dealings, you can get the manufacturer to design the product with your specific design. This is called "Personal Branding" and every manufacturer will want to make these deals with entrepreneurs who are scaling their business in this direction.
Creating this business model takes persistence and dedication, but it's completely possible if you put a step on top of the step you've already taken. Someone who is consistent and dedicated could easily put these steps into practice and with faith that you're working towards a goal, and with persistence will be able to scale this business model towards any outcome you desire.
In the practice of this concept, once you have branded the product and bought so many units, you can list your product on every marketplace you have available to you and even rent a small shop to sell your product. Diversifying the number of places you sell your product will make it far easier to sell the number of units that are required for you to scale your business to any means possible within your range of dedication.
As well as creating a design on the product, you can even do your research to find out how you can even better the design of the product, this requires good communication between the manufacturer and yourself.
Having good communication with distributors in China is vital and requires a sourcing agent, here. You'll only require a sourcing agent once you have scaled to the point that you require so many units and need specifics that outline exactly what you require your product to incorporate in the design, or the workings of the model, to have that the standard model doesn't have.
When you're dedicated to creating your product, you can design a product in any way you find will advance the design of an already existing product. If we looked at the Alexa Amazon speaker, we could agree that it was initially just a speaker then an A.I system was added to it by an entrepreneur just like you and it only took dedication with a vision.
Creating the vision is the most powerful part of any process, once you have a vision, it only takes putting a step on top of the last step, not every step needs to be huge, it just needs to be a step in the direction you wish to see yourself advancing towards so that you can build a profitable business that is then scalable.
Jeff Bezos started with the idea of selling books and now he has the biggest most profitable business in the world worth $1.7 Trillion. Elon Musk started X.com (An online banking company) which merged with Confinity(a software company), which later changed to today's Paypal and now Elon Musk owns Tesla And SpaceX.
Starting the process only takes the desire to better yourself off the understanding of how something works and then putting one step in front of the other and each step you take is as easy as you wish it to be, because as you take a step, you see how it progresses yourself and when you think about the steps you have created, you ask yourself. Am I proud of the step I've put in? If your answer is yes, then keep going, and if you aren't proud of the step you've taken, then all you have to do is ask yourself what you could have added to the process that would make me proud? Most of the time it's something you need to learn.
Learning something new that adds to your life, increases your life, like a tomato plant adding tomatoes to its vines is a natural process and only takes a bee to pollinate its flowers. You pollinate your flowers when you open a book in the field of knowledge you require more knowledge of.
Changing your life is as easy as knowing what you need to know, to change your life, because your life is always either a flower that needs the pollinating, or needs to pollinate another flower with your actions moving you towards the outcome you're wanting to advance upon. The more you learn today will give you more knowledge to build your life with tomorrow. Change something today and it will forever be changed within your life. Everyone wants you to succeed but no one wants you to be better than them and no one but you wants to be rich except for you! So it's your job to put the work in to develop your skills to become rich in thought and then in wealth. The richer you become, the more you can help those around you or those who could benefit more just from seeing you get rich yourself so they know it's possible for them too.
No one in the world will do anything for you, once you have grown past your parents looking after you. There's only you who can build your life and everything you need comes from your desire to build yourself, looking at yourself and questioning yourself, what am I capable of and how can I increase my thoughts of what I am capable of? There's only one way to get to the top and that's through the correct gathering of the tools you use in building your life. These tools are always knowledge.
The only difference between someone at the very bottom and someone who's at the top is the knowledge they have and knowledge is always a set of repetitions you put into action. A gymnast is a gymnast because he or she has put these actions in day after day. The thing you should take from this is that the process is always enjoyable when you are the person creating the steps and you should acknowledge this so that you can always look for the steps that direct you throughout the most enjoyable process. We acknowledge that it may be sore on the body but anyone who has ever been to the gym can say that the pain they feel afterwards is always a comforting and an enjoyable feeling, because you know that the pain holds all your gains. The only time that you find that a process isn't enjoyable or that the pains aren't worth it, is when you work for someone else. Working for yourself and working on yourself, will always lead to you feeling greater towards yourself, whereas working for someone else will seem like a journey that leads nowhere new and will eventually defeat you!
Every man who works, either works for himself or works for someone else, so be the person that works for yourself by working on yourself through gathering new knowledge every day, opening a new book as regularly as possible and opening a new page every single day. Every page you read, improves your life by that page, so improve your life every day.
Nothing stops the person that doesn't stop himself. On this site, I have given all the tools someone may need to be able to improve their lives through knowledge and understanding. Download the books on the Personal Development page and advance your life with that knowledge, nothing will stop you and everything I've added on this page will be something you find yourself completely capable of.