🤓REVEALING My First Winning eBay Dropshipping Product!

today I'm going to reveal to you one of the most profitable items I ever sold in my eBay Drop Shipping Store I'm Paul and I'm committed to teaching you the exact strategies that I use to build multiple six figure businesses these are the same methods that changed my life and I'm here to show you how they can change yours as well so this is something I've never done before I've never shared any of the products I've sold before and most drop shippers actually I don't know any drop shippers who do share the product that they've sold before because they're kind of closely held secrets to us we don't want anyone else coming in and underselling us and selling those products and taking away those sales from us but full disclosure I'm sharing this one because it doesn't sell anymore because it's out of stock but it is a really good learning experience for discovering what it takes to find a really winning product and what that one product can do for your business because this is the product this is what I consider the single product that really catapulted my eBay Drop Shipping success because once this product started to take off that's when I really started to see the potential of eBay dropshipping and what it is that we as drop shippers do and what service we provide to people so this is the product right here it is the quicket 264 contemporary satin deadlock with lighted keyboard I practically have that name memorize because I sold it so many times I sold it over a 100 times very shortly after I started Drop Shipping as I said this product is pretty much out of stock across the internet but I did find it on Walmart I used to buy it from Home Depot as you see it's out of stock here it's $78 here uh I actually did find it on lows here for $39 but again it's out of stock but I know it wasn't $39 when I used to sell it because I actually had to Source it from Lowe's once when it went out of stock on Home Depot and when I did as you see from the screenshot can I zoom in on this that it was $69 and on Home Depot it was about $75 it was about the same price as Walmart at the time so what made this product so special when I found it on Home Depot well Home Depot used to have something thing called Dynam well they still have something called Dynamic pricing which means that the price on Home Depot of a single product changes depending on the ZIP code not for every product but for a lot of them so you might find one might find a hammer on Home Depot that's $39 well let's use this as an example this product in most zip codes was $75 but I played around with this ZIP code thing searching for different zip codes and I found it on Home Depot in one zip code for only $39 so much cheaper than 75 and what I was able to do was then purchase it at $39 when everyone else thought the product cost much more than that so I sold it on eBay for 70 sorry for $68 so $1 less than Lowe's sold it for so I think I was besides people who bought it from Home Dep in that one ZIP code I think I was selling it cheaper than anyone else on the internet and that's how I was able to make so many sales with it and this is what I did so I would go to that one ZIP code on Home Depot purchase it for $39 and at the time Home Depot was accepting Lowe's coupons 10% off coupons so I also received 10% off that order as well I also bought the card sorry bought the item with my credit card C which gave me 2% back and I was using a cashback website which I think at the time was between 3 and 5% back on top of that so for instance this is the cashback credit card I use it's the spark cash Capital One card gives me 2% back on all my purchases so if I put um $100,000 a month on the card which is uh pretty conservative number for me that's an extra 25 almost 20 about $25,000 a year extra just from doing that here is giving assistant. com this is the cashback website I personally use and love and the way this works is you sign up for an account and I'll have a link to this underneath this video it will be an affiliate link but if you sign up with that link you will get $5 just for signing up through that link and you find the store you want to shop on here on giving assistant in this case the Home Depot once you signed in you click this button that says shop now this brings you to Home Depot just like uh a regular Home Depot website and you shop

on there but just by using this link you get up to 8% cash back for the full terms you click here it says 8% on home decor most products give you 3% back is still a lot though I mean if we come in here and you know we're doing the same amount it's going to be at least $25,000 a year more than that because this is for 2% this calculator so that adds up as well this opportunity is still available to you price matching is still available if you find the product on Home Depot and it's $75 but if it's in stock on lows at $39 Home Depot will match that price for you in addition if W if Lowe's has coupons available and you get this down to $35 Home Depot will honor that $35 as well so a lot of potential there also like I said discounted gift cards this is a website that I've used and really like it's called raise. com also have a link to this underneath this video you can buy discounted gift cards on this website uh so you can get for instance a Starbucks card for 5% off Lowe's here's Home Depot these little percentages do add up really quickly so this is really why this product was so successful for me because I found this product and I found a way to sell it cheaper than anyone else while still making a really large profit margin on it so this is a screenshot from one of my emails I got for this product you'll see here it is the 264 series contemporary single cylinder satin nickel electronic deadbolt 3988 and the discount of 4. 88 that's because they accepted the Lowe's coupon I got charged sales tax I wasn't tax exempt back then if I was I would have made another $2. 50 per product times over 100 you do the math it would have been a lot of extra cash right there uh so the total was 3745 that's before my cashback credit card and before cashback website meanwhile most websites were selling it for almost $80 so people saw me selling it much cheaper on eBay it was a deal for them and I was making a large profit margin on it so why am I sharing this with you I want to show you that there is a lot of potential out there you have to find the products that give you margins like this where you can come in get a deal on the product really do a lot of digging around and find these special opportunities sell these products because if you find one of them it can really catapult your business forward it really shows you the potential of Drop Shipping on eBay or Amazon well now a lot of the techniques that I that worked for this product don't exist anymore but there are plenty of other techniques that do now things like discounted gift cards things like coupons still work price matching still works so if this product was in stock on lows Home Depot would price match it at $39 for you so that is the service that we provide as drop shippers we find these deals for people so they don't have to and we pass along the savings to them while still earning a profit ourselves so this is kind of funny uh in the trailer for the movie flat miners with Ellen Page there's a scene where they're going into this locked room and the lock on the door is actually the 264 contemporary satin it happens in a split second but when I saw the trailer I recognized it immediately so there you go that's one of my most profitable and popular items I ever sold don't try to sell it because it's not in stock anymore but look for a similar product look for one yourself that you can get these high margins on by taking advantage of every money saving technique that you can and if you find a product like that it can really make a huge differ difference when it comes to your business all right thanks so much for watching if you like the video make sure to give it a thumbs up if you love it make sure to subscribe for more quick tips about eBay and Amazon Drop Shipping and I'll see you in the next video