Are you leaving money on the table?
As you begin to build your eCommerce business, you’ll want to maximize your profit potential. There are a few tricks that I use. Today I’ll share some with you.
Lets start with eBay bucks. If you’ve been building your dropship business, you’ve probably been buying many items on eBay. Here’s a simple and free way to get an extra reward for your eBay purchases.
After you enroll in their program, you will automatically begin to earn up to 2% on qualifying purchases. The only catch is that they are eBay bucks. Which is money that is only good at eBay. Just like Disney bucks are only good at Disneyland.
Essentially, after you rack up more than 5eBay bucks, in a 3 month period, you will receive a certificate with the accumulated value. Then you have 30 days to use your certificate. You can earn a maximum of $500 ebay bucks in a 3 month period.
I haven’t received my certificate yet, as I just learned about this a couple of months ago. I will be receiving my first quarterly certificate next month.
So far, I have accumulated $117 eBay bucks. Not bad, considering eBay bucks are only available for 40 to 50% of the products I purchase.
When I do receive my certificate, I will use it to fulfill more Amazon orders, of course. And you should too. It’s all about the bottom line. Think long term, like a rich person.
What else can we do to maximise our profits.
Are you earning cashback on every purchase you make on eBay? You should be. Did you know, you can link any credit card to your paypal account?
Meaning, every business-related purchase you make leaves a residual trail of profit behind it.
Personally, I use the Capital one Spark for Business credit card. I get 2% Cash back on every purchase I make.
Last month, I charged over $10,000 in eBay charges. That leaves me a cashback reward of over $200. Tax free.
In case you weren’t aware, your credit card company can’t charge you any interest if you pay your entire balance, in full at the end of every month.
On top of the 2% cashback bonus, this card offers a $500 bonus to new customers. You get the $500 bonus when you spend $4,500 in a 3 month span.
It’s as easy as pie to get that bonus, if you’ve been working your drop-shipping business the right way.
So what are you doing to maximise your profits?
Feel free to share you money-maximising tips on our facebook group.
Our interactive facebook group is there to support you in all your drop-shipping endeavors.
As always, I’m extremely grateful when you click my eBay ad before making your purchases. When you click my eBay link, it shows that you appreciate all the effort I put into helping you be a better entrepreneur.
And that encourages me to keep doing what I do.
If your eCommerce business is growing faster than expected and you need to hire help, there’s no need to go broke paying high salaries. Hire your own virtual assistant from the philippines.
For about what you earn on your credit card cashback bonus, you can hire a full time assistant, that is there to help you grow your business.
The “Replace Myself” system will train you on how to train your virtual assistant.
In a few short months you can have your eCommerce business running completely on autopilot. Well, maybe not completely. You’re still going to have to handle your business.
For more info click below.
I hope you have found today’s lesson helpful. Increasing your profit potential is one of the most important parts of running a real, profitable business.
Thank you for being you.