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Everyone has “hoop dreams” of making a fortune and making it big on the internet. I had lost a lot of money trying all the get rich quick schemes on the internet.

After years of being a vendor at my local regional flea market circuit in addition to my full-time construction job, I was fed up with “working for the man” and having set hours that determined whether or not my family and I ate. Like many others, I decided that I was smart enough to make the Internet my full-time job… but it wasn’t as easy as it seemed.

I have tried SFI, Quixtar (which is actually Amway), and many other MLM and Network Marketing sites. It sounded like I was spending a fortune just to earn a $10-$20 commission check! Who wants to sell their families stuff and pressure their friends to sign up for a scam he hasn’t even made any money on?

After a few years of learning the hard way that 98% of people who join this type of business opportunity end up losing their shirt? Instead of making other people rich by selling your pyramid schemes and systems, you need to sell a product. This is America! The dream is to buy something for $1 and sell it for $2….or much, much more.

I decided to buy and resell items. Online auction sites like eBay and eBid are great ways to make money, but finding something to sell isn’t always easy. Sure, there are plenty of places to go on a “scavenger hunt,” including yard sales, flea markets, thrift stores and shops, community yard sales, and antique stores. Many of eBay’s savvy sellers have already hit these places pretty hard.

Another downside to buying items to resell is that it can take weeks, months, or even a year to sell the item at the price you want to make a profit. Then you’re stuck with all the outrageous fees some of these auction sites charge. You may end up losing money after having to store this inventory for so long.

Again, I thought he was very smart and would try something new. I’ve heard commercials about selling things you never have to sell or buy…”dropshipping”. I decided to go to the trusty Google and searched for dropshippers. I tried DOBA and Megagoods.

Both Doba and Megagoods have options where you can fully sync and import products from your websites to eBay. Both also have HIGH monthly membership fees that are charged to your credit card. There were 2 major turnoffs with these two dropshipping companies.

1- You have to closely monitor your inventories. There have been many times when I have sold an item and have had to refund and cancel the transaction on eBay as a result. For those of you eBay sellers, you all know buyers hate this and will leave you negative feedback in a heartbeat for wasting your time. Negative comments are permanent and ruin your hard-earned reputation. eBay has never been accused of having good customer service and is NOT seller friendly.

2 – EVERYONE is selling the same dropshipping items as you! There is such a price war against other sellers that after eBay and Paypal fees, shipping costs, and dropshipping fees, there is almost NO room for profit!

Basically, dropshipping is not a great idea… end of story!

I spent more money buying e-books and trying to make an honest living on the internet. eBay seemed to be working, but it was very time consuming with all the treasure hunting. It also seemed like I kept reinvesting all my profits into more inventory, and when something didn’t sell, I lost money in fees by relisting it over and over again.

e-books. Have you ever noticed how many eBooks are sold on the Internet? It’s ridiculous! People keep buying them, and I am one of the customers. I started selling eBooks in high volume because once I bought an eBook with resell rights, I could sell it over and over again. No massive inventory, no storage space rental! When someone buys an eBook and pays me, I burn it to a CD and mail it to them. There is also the easy route to instant download that allows you to automate your business so you don’t have to do a thing. Simple as that! Everyone should sell eBooks. It doesn’t matter what book you sell. If you have tons of different books listed, there are a lot of multiple sources of income.