Archive for July, 2007
Time and time again it’s said from web store retailers, eBay sellers, online auction gurus, and a host of others: “You can’t make any real money with drop shipping. The prices and fees that drop-ship suppliers charge eliminate your profit margins.”
Yet, there are thousands of retailers (including Sam’s Club, Costco, and Amazon) who sell millions of dollars of merchandise every month and make a handsome profit doing it. For them, a drop ship product source increases their profit margins by slashing the amount of time and money they have to spend on managing inventory and packing and shipping products themselves.
The business case for determining whether a drop ship wholesaler service is the most cost-effective option for your retail business must look at a cost benefit analysis…
Avoiding Fraudulent Orders and Unscrupulous Customers
Introduction
In this article, you’ll learn how to spot the signs of potentially fraudulent orders and protect yourself from unscrupulous consumers.
Currently, identity theft laws are anemic and law enforcement is often unwilling to pursue “minor” cases. Until the laws catch up and law enforcement begins to prosecute these cases more aggressively, online merchants are pretty much on their own.
Because of this, it pays to be informed about what you, as an online merchant, can do to protect yourself from credit card fraud and other deceptive activities.
As described in this tutorial, you can implement four proactive strategies to protect yourself and your business from fraud:
- Prevention: Stop fraud by following fraud-prevention strategies.
- Early detection: Watch for red flags that indicate possible fraud.
- Investigation: When you notice suspicious activity, investigate.
- Action: When you’re relatively certain that fraud is occurring, contact someone who can do something about it.
Protect yourself
Customers typically pay for merchandise with credit cards, checks, money orders, or PayPal payments. In the following sections, we reveal several ways to identify and stop the most common payment scams.
Preventing credit card cons
Credit card con artists have numerous hi-tech and no-tech ways of obtaining credit card numbers…
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