Shoemoney System Review & Overview

Friday 26th February, 2010

This is the first interview with a marketing expert, and I have to say I was pretty impressed with it. The eBay entrepreneur in question is Alex Barbara who, along with his wife, started a dropshipping business using eBay back in 2005 (the same year I made my first dollar online I should add). Alex used to be in the navy and was living in England at the time. He decided that he didn’t want to work a 9 to 5 ever again and so he and his wife needed to come up with a plan. eBay was their answer.

Alex’s wife found some products in England that were selling for up to five times the original cost than they were in the U.S. The couple started to build relationships with the manufacturers and it just kinda grew from there over the next four months into an actual dropshipping business with sellers on eBay. It also helped that Alex’s wife was a salesperson as well (real estate etc.).

Since then they’ve managed to set up around half a dozen eBay stores and half a dozen “off-ebay” stores (by this I assume he means their own websites). Because they’re dropshipping they don’t actually carry any inventory at all — therefore no products just sitting around waiting to be sold.

So basically Alex and his wife are selling the products using little or no capital investment whatsoever. Once they’ve sold an item, they then purchase it from the manufacturer and deliver it straight to the client’s doorstep! Genius!

As they started off with their first manufacturer on an item that was just starting to come on to the market they have now become the sole distributor for that item on eBay. They have exclusivity. No other seller can sell the same items on eBay. Now Alex didn’t mention exactly what that item was, but it’s interesting to know that relationships like this can be achieved.

Alex says that the opportunities are endless, but that you should definitely know your product and become an expert in the field. That way people will regard you as being authoritative and that helps to build trust amongst both buyers and manufacturers. Alex also mentions a few more things that I won’t repeat here. I will say that the interview was very informative and got me thinking about what I can do in my own area to create income using the same, or similar, methods.

Till next time…