How to Start an Internet Business with Drop Shipping

How to Start an Internet Business with Drop Shipping

Starting an internet retail business can be exciting for any entrepreneurial, but can also be risky. Beginning a business entails finding marketable products that are in demand by consumers. Once you find those products through a wholesale distributor, you can order them in bulk to save money, and sell them at a retail mark up to produce a profit.

However, there are many costs that can cut into the estimated profit of a business. The business must have manpower to keep it growing, so you must consider what your time and your employee’s time is worth. Besides employees, you have additional fees such as storing the products and shipping them to customers. Other issues such as an excess supply of a product can reduce profits. Overall, a business can require a substantial amount of money to initiate and many overhead costs that are sometimes hard to predict and budget for.

One solution to product sourcing is using a dropping shipping business. A drop shipper can save your business initiation costs and other continuing costs. Drop shipping is the shipping of merchandise from a wholesale distributor directly to a retailer’s customer. In other words, your business can ship to your customers straight from the suppliers’ warehouses. This process reduces the risk of starting a business because you do not need to buy any products until they are sold. You can list several products and pay for only those that sell. Thus, your business is not left with an excess supply of a product. Suppliers take care of the warehousing, packaging, and shipping of products, which can save a significant amount of money and time for you as the retailer.

Drop shipping is simple to use as well. First, you select products to sell from the wholesaler’s product catalog. Drop shippers usually have relationships with several wholesalers which enables you to find the lowest price for your products. Next, those products are listed on the web site of your business. As soon as the product sells, you collect the money from the customer. Then you can order the product through the drop shipper. You gain a profit from the difference between your listed retail price and the wholesale cost of the drop shipper. After ordering the product, it is shipped directly to the customer. This gives you the ability to create the prices for the products after viewing the wholesale price, thus managing your own profit.

Consider using drop shipping for your internet business to save you time and money. Drop shipping services can cut costs, save time, and reduce the risks of online businesses, allowing you more time and money to market your products and sell more. This may be the new solution to the risks of starting and expanding an internet retail business.

 

Your Power Chef Next Door

Your Power Chef Next Door

Antonio Saladino is beind the counter paring meltingly tender Kobe beef for one customer and calling out to another just-arrived, “Mrs. Lee, we have those oysters you ordered, shucked and ready.” No charge for the shucking, of course. This is Antonio at his best: preparing outstanding food for the people he counts as customers, neighbors and friends at Antonio’s Gourmet Market sited in spectacular LaFayette Village.

Trained by Lagasse  amp; Prudhomme

Raised in New Orleans, Antonio trained under Emeril Lagasse and Paul Prudhomme. He honed his skills at The Double Musky and The Chesterfield cooking for Reagan, Margaret Thatcher, Prince Ranier of Monaco and other luminaries. But, Antonio doesn’t want to talk about that. “If people are interested in that, that’s fine. But you won’t find any egos here. We’re all about great food,” says Antonio, sparking, instead, to the subject of the take-out dinner he’s creating for a group of women who want to share a gourmet evening without busting the calorie bank. He’s planned a superb braised southwest seafood sausage of fresh halibut, hog snapper and pumpkin swordfish drizzled with a sauce fume and a microgreen salad in a Modena Balsamic aged twenty years. The first course is, if anything, surpassed by the second course of baby tender spring chicken over shoe string vegetables and lemon-caper buerre blanc sauce paired with a Far Niente chardonnay. It’s all finished with a Chambord poached pear under cr¨me fraiche with fresh Italian figs.

Wander the Aisles

The Market stocks the world’s best: home made, Italian sausages, cheeses that range from well-known imported Reggianos to the less familiar French Explorateur Triple Cream Cow’s Milk. Foodies will happily lose themselves for hours here. And, the dishes Antonio and his team create reflect the worldly-yet-communal feel of LaFayette Village.

Dine In or Take Out

Prepared Foods: Daily menus of complex dishes.

Fresh Produce: Many from just up the road.

Specialty Pizzas: Like white pizza — whole wheat dough brushed with black truffle oil, topped with roasted garlic, sundried tomatoes, fresh spinach, fresh mozzarella and Reggiano Parmigiana.

Butchery: Real behind-the-meat butcher counter.

Soup Bar: Five fresh-made daily.

Wine Shop: Expert pairings.

Pastry Shop, Seafood Counter, and even a Cooking School to ensure you can confidently prepare anything on the shelves.

Gourmet meals in the heart of your neighborhood — Antonio’s embodies the idea that good food forges strong connections.

Short Sales in the Real Estate Market: Are They Worth It?

sales in real estate

With the real estate market in near shambles, it is reported that one in about 145 homes are in foreclosure. There is a step before foreclosure termed a “short sale”. If you are a buyer looking to get a good deal on a house this may be an option for you.

What is a short sale?

 

In basic terms a short sale is a pre-foreclosure. It means that the owner of the home cannot pay their mortgage any longer but typically is up to date on payments, or has just fallen behind. A short sale is an agreement the bank (who holds the mortgage) makes with the homeowner to sell the house for less than the homeowner owes on it, with the opportunity to pay the bank back a percentage of their loss. Someone is coming up “short”, thus the term.

 

Pros:

 

Since the bank and the homeowner want sell, a buyer can typically pay thousands less than they would in a traditional sale. This is the biggest pro for someone looking to potentially save thousands of dollars.

 

Cons:

 

There are many negatives involved in a short sale for the buyer. Firstly, the term “short” makes it seem as though the deal will go through quickly. This is not the case. Short sales can take months to close, because there is third party approval from the bank required and a lot of back and forth. Also, there are many addendums to the contract in a short sale. The biggest and most troublesome is that in a short sale, the bank will write the contract to state that they can still accept offers even after they accept yours. This means, you can be packing up your things getting excited to close on your new home and the bank can call a day before closing telling you the deal is off. Typically there is no home warranty and the home is sold in “as in” condition.

 

Things to remember:

 

If you do choose to consider short sale properties in your home search, there are a few things to consider. Ask you real estate agent to amend the contract to state that the bank cannot accept other offers after yours is accepted.

 

Be prepared for a counter offer because the bank will not want to let the house go at a low price, so bid low but not too long to be rejected completely.

Also, be prepared for a lengthy process. A short sale can take anywhere from 4-8 weeks for an offer to even be accepted, and this is before closing and underwriting.

 

Short sales have many negatives, but if you are a patient person who wants to save several thousands of dollars on your new home it may be worth a try. Tread carefully though, and if you can afford it, a real estate attorney can be your best friend. Happy house hunting!

Real Estate Market on the Rebound

Real Estate Market

Fluctuations in the real estate market have made headlines across the country for the past year. Many for the down turn have blamed sub-Prime lenders and secondary market loans in the real estate market. Lenders who allowed the processing of home loans to individuals who just simply could not afford “that much house” prompted a multitude of real estate foreclosures from the east to west coats, leaving virtually no area of the nation unscathed.

All of the media hype, which surrounded the down turn of the market over the past year, may have influenced the overall state real estate sales. Summer is traditionally the high time of the year in the real estate market, and industry experts are predicting a turn around for both homebuyers and sellers. Many real estate companies are sponsoring television commercials and print ads promoting the stability of the real estate market. Leery homeowners are once again feeling secure enough to put homes back on the market in the hopes of a quick sale. The largest obstacle to overcome for homeowners is the fear of earning market value on their property. Real estate appraisers are legally bound to utilize sales data, which is a maximum of one year when appraising any type of property to ascertain the comparable market value.

 

For the real estate market to get back on its feet, a median number of listings must become available. Lenders are remaining a bit hesitant when approving loans, with stricter guidelines surrounding the applications process. Those who do receive loan approval are entering a buyer’s market. Such a market dictates lower prices than the norm, with sellers facing a disadvantage when attempting to gain top market value for a piece of real estate.

 

Many of the homes placed on the market at this time are from buyers who need to get out from under a payment they perhaps cannot afford, and are attempting to avoid foreclosure themselves. Real estate auctions on foreclosed homes are also a large portion of the market at this time. Some homeowners are in a difficult situation, finding themselves holding two mortgages. Homeowners who were in the process of relocating, or purchased another home are a large part of the current market.

 

Potential real estate buyers can get a quality home at a bargain when purchasing a foreclosed property, but need to enter into such a transaction fully informed. When purchasing an auction home, the ability to inspect the home prior to purchase usually is not an auction. A buyer should research the possibility of back due real estate taxes, liens, and condition of the home before placing a bid. Homeowners who loose a home due to a foreclosure can often leave the home in less than pristine condition. The owners before the sale often strip foreclosed homes of light fixtures, flooring, and appliances. The court cannot issue transferable title until all bank owed, or other liens are satisfied. The new owner assumes all such encumbrances when purchasing foreclosures.

 

A large numbers of homeowners are considering selling a home without the aid of a real estate agent by sticking a “For Sale by Owner” in the front yard. Websites such as www.forsalebyowner.com are attractive at first glance. The possibility of saving money paid in commission to a real estate agent, and establishing their own asking price entices many homeowners to try selling piece of property on their own. By averting the appraisal process, the true market value of a home remains an unknown variable. It is entirely a misconception that such an option is a good idea. Lenders absolutely will not approve a loan for an amount higher than the home is valued. While asking $269,000 for a home in initially sounds good to an owner, it often leads to a dead end when attempting to complete a transaction. Finalization of a purchase contract cannot occur if a buyer cannot secure funding.

 

Further drawbacks with attempting to sell real estate without a licensed professional involve a lack of marketing, and buyer confidence. Ethical restraints which real estate brokers and agents must adhere to, do not apply to individual homeowners. Prompt and full disclosures of latent defects, deed restrictions, and permit violations. Buyer confidence in the integrity of the home is worth far more than a commission of the sale price to a real estate agency.

 

Industry experts are once again placing their faith in the market. Listing a home or other piece of real estate will result in an eventual sale, but at a likely less inflated value than in recent years. The most successful sellers will be those who adequately prepare their property for showing, and enlist sales professionals to market the home. Buyers themselves can also secure the assistance of a real estate agent, to ensure their potential home is a good buy, and free of defects.

Will the Real Estate Market Get Better When a New President is Elected?

It is no secret that the real estate market in the United States has been on a decline. They are no clear signs that this will be changing in the near future. I’m sure that there are many Americans that would like to forget the past eight years that George W. has been in office. Everyone is hopeful that a new president being elected will help the economy and also help the real estate market in a positive way. Regardless, nothing is guaranteed. With what we know of the two front running presidential candidates, we can assume what effects they may have on the real estate market.

Republican candidate John McCain would rather see this situation pan out on its own without the interference of the government. He proposes that if there is any government assistance with the real estate problem in America, that it should not be permanent. The only possible permanent changes will be to the financial regulatory system. If there be any financial assistance to the public, he proposes that it only go to those owning one residence, in order to save their own home, not those with second and third mortgages. McCain has been open to suggestions for solutions in the real estate area, but has not made the issue part of his campaign on the grounds that he does not want to make any promises that would not be able to hold in the act that he is elected president.

 

The other front runner is Democratic candidate Barack Obama. He has proposed a plan for housing reform, which includes a system that is supposed to help with the well-known foreclosure issues. It talks about the federal government helping people with financial problems by refinancing existing mortgage loans or even possibly buying out those mortgages. He proposes changes of the regulatory system to keep closer a closer eye on financial institutions. He would also like to see those citizen’s who do have mortgages to be able to get better tax breaks.

 

The real estate issues in America are obviously very important to the public. Both front running presidential candidates recognize this. Where the two differ is on the amount of governmental involvement. Throughout U.S. history, presidential candidates have always addressed the issues that concern the public in their campaigns, but have not necessarily delivered, once elected to office. So even though Obama has made it clear what he wants to do with the real estate problem, does not mean that it will come to pass in the act that he is elected president. Republican candidate McCain has not taken a clear stance as to what he will do if he is elected, regarding the real estate issues, which is somewhat alarming. Regardless of which candidate is elected president, there is really no sure way to know what will happen with the falling real estate market in the United States.