Thursday 24 December 2009
What Not to Sell When Doing Wholesale in eBay
Wholesale in eBay is very much popular nowadays and there are many people who are opening their very own online store. You might be wondering what items will make a good sale. The items that you are going to sell is one of the considerations in opening an online store and even an offline store. When you are planning to be an eBay seller, here are some tips that might come in handy regarding the things that you must not sell.
• Items that cost $10 or lower must be avoided. Although that is really a great bargain price, you must also consider the shipping cost. It could be that the cost of shipping is more expensive than the item itself so buying the item is not practical anymore. You can be selling a great product that may cost around $5. But if the shipping is let's say $7, people will not buy it from you except maybe if you ship it for free or if the customer can pick up the item. But you can still create a great deal by combining items.
• Avoid the items that everybody else is selling. Popular items are believed to have a lot of sales and profit. But the truth is, you have more competition. Especially in eBay, if you are just starting, you do not have a lot of feedback yet. Buyers choose those that are already established so you may have a hard time selling something popular. These eBay sellers also have a larger inventory so they will have prices better than the others.
• If you are going to sell, make sure that you have a market for it. Do not sell those things that only you like. You may have a hobby that you like very much but others may not like it.
• Items that are fragile are difficult to ship. Avoid selling those kinds of items because they have higher shipping fee and what's more, the item could be damaged during transit. You may receive negative feedback when the consumer gets a destroyed item.
• Large items should also be avoided. Do not sell these items because the shipping fee for this is higher and it will not attract buyers.
When you are starting out with your wholesale business on eBay, make sure that you have a reliable supplier which can provide you the items that you need at an affordable price so that you can maximize your profits. You can search of suppliers in online directories such as SaleHoo. Soon enough, you are now ready to start a business of your own.
As Seen on CNN, Money Networks and FORBES
Get SaleHoo Wholesale Directory (Platinum Edition) Only from here! Limited Versions of SaleHoo Wholesaler Directory
Article Source: http://EzineArticles.com/?expert=Kerri_H._Floyd
Saturday 19 December 2009
Wholesale Dropshipping For eBay Sellers!
Ebay is the 'BEST' opportunity you can use right now to make money online in the dropshipping business from the comfort of your own home.
Thousands of people just like you use eBay auctions on a daily basis to sell and buy products on the Internet; now it's your time to START your own dropshipping home-based business and succeed in the eBay auctions 'game'!
There are no special skills required for this dropshipping business, all you need is a computer, Internet access and some basic computer / Internet knowledge.
Dropshipping is when you sell products on the Web, forward the orders to the dropship supplier and, in return, the dropshipper ships the product to your customer (buyer).
You act as the middleman between the dropshipping supplier and your buyer. You can take orders by credit card, fax or any other method you can think of. You can sell via your own Web Site or even through e-mail.
Your profit is generated on the difference between your selling price and the price the dropshipping supplier charges you.
Thanks to dropshipping you can start making money 'instantly' without any investment in inventory, warehousing, shipping, equipment, employees or office space.
How do I find something to sell on eBay?
Of course, finding something to sell isn't hard. Finding something at a "Low enough price" to make a profit on eBay is much more difficult. That's because eBay is a price-driven model and buyers expect a bargain. If they don't get one, they're not buying.
So, the REAL question is:
How do I find something at a 'low enough price to sell profitably' on eBay?
Answer: THE LIGHT BULK WHOLESALE DIRECTORY
1. WWB has an entire research section in their Florida office that 'personally interviews' each and every wholesaler and dropshipper. Without an interview, no one gets into their directory. No one.
2. They have 'Very Exacting Criteria' for being listed. If the source doesn't meet those criteria, they aren't listed. For example, they must be 'genuine wholesalers' and they must be willing to Sell to eBayers in Low minimum quantities.
Most wholesalers want to sell to big retailers with huge budgets, so finding dealers willing to work with the little guys that's us isn't so easy. And, as you probably know, way too many so-called wholesalers are only 'middlemen'.
That won't happen with the new Light Bulk Directory.
Having products drop shipped by suppliers, allows you to concentrate on truly important aspects like advertising, sales and promotion.
Pay attention! There are lots of companies claiming to be 'Drop Shippers'. However, a legitimate drop shipper is a factory-authorized wholesale distributor, or sometimes the actual manufacturer of the product. A legitimate drop shipper should not charge you an 'account setup fee' or ask you to place a 'minimum quantity order'.
Make sure you find some legitimate drop shippers who have the product(s) you want to sell, talk with them on the phone / by e-mail and let them know that you are truly serious about doing business with them.
Customer support counts in the dropshipping business, so don't hesitate to contact some dropshipping suppliers before you want to work with them.
This will help you decide if you really want to do business with a particular drop shipper or not.
To succeed in the dropshipping business you'll have to LOOK for hard-to-find products that people desperately need and want to purchase.
The key is to sell products with little or no competition.
I suggest you RESEARCH for quality products & legitimate dropship suppliers, MONITOR the eBay auction listings to see if there's any competition and TEST the market (e.g. find out if people really want to spend CASH on the product you want to sell)
Remember! Dropshipping makes it EASY for you to start and run your own home-based businesses on a shoestring budget; and eBay is the 'perfect' MEDIUM to expose your product to potential buyers all over the globe!
By Ron Keegan
Megastar Distributors
http://www.megdis.com
Copyright © 2006 Ron Keegan
Thousands of people just like you use eBay auctions on a daily basis to sell and buy products on the Internet; now it's your time to START your own dropshipping home-based business and succeed in the eBay auctions 'game'!
There are no special skills required for this dropshipping business, all you need is a computer, Internet access and some basic computer / Internet knowledge.
Dropshipping is when you sell products on the Web, forward the orders to the dropship supplier and, in return, the dropshipper ships the product to your customer (buyer).
You act as the middleman between the dropshipping supplier and your buyer. You can take orders by credit card, fax or any other method you can think of. You can sell via your own Web Site or even through e-mail.
Your profit is generated on the difference between your selling price and the price the dropshipping supplier charges you.
Thanks to dropshipping you can start making money 'instantly' without any investment in inventory, warehousing, shipping, equipment, employees or office space.
How do I find something to sell on eBay?
Of course, finding something to sell isn't hard. Finding something at a "Low enough price" to make a profit on eBay is much more difficult. That's because eBay is a price-driven model and buyers expect a bargain. If they don't get one, they're not buying.
So, the REAL question is:
How do I find something at a 'low enough price to sell profitably' on eBay?
Answer: THE LIGHT BULK WHOLESALE DIRECTORY
1. WWB has an entire research section in their Florida office that 'personally interviews' each and every wholesaler and dropshipper. Without an interview, no one gets into their directory. No one.
2. They have 'Very Exacting Criteria' for being listed. If the source doesn't meet those criteria, they aren't listed. For example, they must be 'genuine wholesalers' and they must be willing to Sell to eBayers in Low minimum quantities.
Most wholesalers want to sell to big retailers with huge budgets, so finding dealers willing to work with the little guys that's us isn't so easy. And, as you probably know, way too many so-called wholesalers are only 'middlemen'.
That won't happen with the new Light Bulk Directory.
Having products drop shipped by suppliers, allows you to concentrate on truly important aspects like advertising, sales and promotion.
Pay attention! There are lots of companies claiming to be 'Drop Shippers'. However, a legitimate drop shipper is a factory-authorized wholesale distributor, or sometimes the actual manufacturer of the product. A legitimate drop shipper should not charge you an 'account setup fee' or ask you to place a 'minimum quantity order'.
Make sure you find some legitimate drop shippers who have the product(s) you want to sell, talk with them on the phone / by e-mail and let them know that you are truly serious about doing business with them.
Customer support counts in the dropshipping business, so don't hesitate to contact some dropshipping suppliers before you want to work with them.
This will help you decide if you really want to do business with a particular drop shipper or not.
To succeed in the dropshipping business you'll have to LOOK for hard-to-find products that people desperately need and want to purchase.
The key is to sell products with little or no competition.
I suggest you RESEARCH for quality products & legitimate dropship suppliers, MONITOR the eBay auction listings to see if there's any competition and TEST the market (e.g. find out if people really want to spend CASH on the product you want to sell)
Remember! Dropshipping makes it EASY for you to start and run your own home-based businesses on a shoestring budget; and eBay is the 'perfect' MEDIUM to expose your product to potential buyers all over the globe!
By Ron Keegan
Megastar Distributors
http://www.megdis.com
Copyright © 2006 Ron Keegan
Wholesale on Ebay
Wholesale eBay is known as one of the most successful and progressive market in the trading world. This huge market extended almost all over the world with the use of today's great innovation, the Internet. In eBay, anything can almost be sold virtually. This online market has the fastest growing number of members who are trying their luck to establish and to improve their own wholesale business. These members are mostly business-minded people who are taking the risk and have one goal in mind, and that is to take the place of being one of the renowned Powersellers.
In wholesale eBay, competition is too tight. Most beginners find it difficult because in any niche of business they will choose, hundreds of entrepreneurs are already too ahead with them. Most of them easily give up but some businesspersons somehow manage to compete and even reached their goal of becoming one of the infamous Powersellers. These people who achieved their goals used great marketing strategies to sell their wholesale products. Other than that, one main key for their success is choosing the right product to sell. They belong to the business niche where they are selling the hottest products in eBay. Let us come and see these top five products that most customers purchased in eBay.
First and foremost, most consumers nowadays engaged in buying gadgets that are used to enhance RF waves for their cell phones. These gadgets are known as cell phone boosters that promote stable and better communication. Next, wholesale clothing are always one of the top products most especially the children's clothing and the western fashion clothing. Jewelries and watches are also part of the list of most customers' interests. The prices of these jewelries range from cheap to very expensive. Then, most consumers are also fond of buying diet pills and nutritional sex enhancers most especially those who are too shy to buy them in local drug stores. Finally, most customers buy second hand toys for their children that are still in good condition.
So for most beginners and those who are still planning to be part of eBay, choose these five hottest selling wholesale products to have the assurance that big fractions of the total consumers are your potential customers. All you have to do now is to focus more on your marketing strategy and your progress.
As Seen on BBC News, FORBES and CNN Money - See: Dropshipper Wholesale (Platinum Edition) and Turnkey Store Online
In wholesale eBay, competition is too tight. Most beginners find it difficult because in any niche of business they will choose, hundreds of entrepreneurs are already too ahead with them. Most of them easily give up but some businesspersons somehow manage to compete and even reached their goal of becoming one of the infamous Powersellers. These people who achieved their goals used great marketing strategies to sell their wholesale products. Other than that, one main key for their success is choosing the right product to sell. They belong to the business niche where they are selling the hottest products in eBay. Let us come and see these top five products that most customers purchased in eBay.
First and foremost, most consumers nowadays engaged in buying gadgets that are used to enhance RF waves for their cell phones. These gadgets are known as cell phone boosters that promote stable and better communication. Next, wholesale clothing are always one of the top products most especially the children's clothing and the western fashion clothing. Jewelries and watches are also part of the list of most customers' interests. The prices of these jewelries range from cheap to very expensive. Then, most consumers are also fond of buying diet pills and nutritional sex enhancers most especially those who are too shy to buy them in local drug stores. Finally, most customers buy second hand toys for their children that are still in good condition.
So for most beginners and those who are still planning to be part of eBay, choose these five hottest selling wholesale products to have the assurance that big fractions of the total consumers are your potential customers. All you have to do now is to focus more on your marketing strategy and your progress.
As Seen on BBC News, FORBES and CNN Money - See: Dropshipper Wholesale (Platinum Edition) and Turnkey Store Online
Friday 4 December 2009
Wholesale Products For eBay Sellers
Wholesaler products are a perfect component of every eBay seller’s business.
eBay sellers need wholesale products to expand their business, since their initial inventory usually only consists of personal items which they have had lying around the house.
As their eBay business develops they find that they need a steady source for wholesale products which they can offer on eBay.
So how does an eBay seller procure wholesale products for his business?
There are five steps that every eBay seller should take when looking for wholesale products.
1. Determine the direction of his eBay business.
Just because the eBay seller started out selling used clothing, doesn’t mean that she wants to build an eBay business selling used clothing.
2. Decide whether the eBay business will be based on volume or price.
eBay sellers need to decide if they will be looking to conduct allot of auctions for low priced merchandise, or if instead they will be selling fewer, but higher priced items.
3. Investigate the eBay marketplace.
The eBay seller needs to investigate and see if there is a viable market for the wholesale products he would like to sell. A good indication would be the number of similar items sold.
4. Search online for sources for wholesale products.
eBay sellers can use wholesale search engines such as http://www.wholesalecentral.com and http://www.wholesalequest.com
5. Test out the market.
eBay sellers should test out the eBay marketplace by placing a small order and trying to sell the items they have ordered. There is no better indicator than actual experience.
eBay sellers need wholesale products to expand their business, since their initial inventory usually only consists of personal items which they have had lying around the house.
As their eBay business develops they find that they need a steady source for wholesale products which they can offer on eBay.
So how does an eBay seller procure wholesale products for his business?
There are five steps that every eBay seller should take when looking for wholesale products.
1. Determine the direction of his eBay business.
Just because the eBay seller started out selling used clothing, doesn’t mean that she wants to build an eBay business selling used clothing.
2. Decide whether the eBay business will be based on volume or price.
eBay sellers need to decide if they will be looking to conduct allot of auctions for low priced merchandise, or if instead they will be selling fewer, but higher priced items.
3. Investigate the eBay marketplace.
The eBay seller needs to investigate and see if there is a viable market for the wholesale products he would like to sell. A good indication would be the number of similar items sold.
4. Search online for sources for wholesale products.
eBay sellers can use wholesale search engines such as http://www.wholesalecentral.com and http://www.wholesalequest.com
5. Test out the market.
eBay sellers should test out the eBay marketplace by placing a small order and trying to sell the items they have ordered. There is no better indicator than actual experience.
Thursday 3 December 2009
How to Find Wholesale Clothing to Sell on eBay
eBay is a great place to sell items and make a lot of extra money or make it your full time job. The site offers a lot of useful features to help you sell, such as the sellers tool section where you can find listing tolls and tips and trick to selling and being successful on eBay. Also it can be useful to search eBay success stories and see what items different people have sold, you also get an idea of what it takes to be a success.
One of the best items to sell on eBay is clothing, this is because it is something that everybody uses, it makes people feel good and everybody wants a great deal. In the clothing arena is it important to have a reliable supplier and one you can trust. There are a lot of suppliers that sell online but be careful a lot of them are based in China and other places that buying form them can be treacherous.
Some problems you can have is that you are dealing with someone out of the country and usually you do not have any recourse if they do not send you items, or even worse they may give you a good deal on name brand merchandise and they turn out to be fakes. This will cause you many problems with customs and with eBay itself because they have a program called VERO, which works with actual manufactures in spotting fake merchandise and removing it form their site.
So remember find a good supplier that is in the UK to be safe, always look for someone who has name brand clothing because that sells much better than no named item. Also make sure that the wholesale supplier you are buying from can prove that the items are authentic and offer a guarantee for their products.
One of the best items to sell on eBay is clothing, this is because it is something that everybody uses, it makes people feel good and everybody wants a great deal. In the clothing arena is it important to have a reliable supplier and one you can trust. There are a lot of suppliers that sell online but be careful a lot of them are based in China and other places that buying form them can be treacherous.
Some problems you can have is that you are dealing with someone out of the country and usually you do not have any recourse if they do not send you items, or even worse they may give you a good deal on name brand merchandise and they turn out to be fakes. This will cause you many problems with customs and with eBay itself because they have a program called VERO, which works with actual manufactures in spotting fake merchandise and removing it form their site.
So remember find a good supplier that is in the UK to be safe, always look for someone who has name brand clothing because that sells much better than no named item. Also make sure that the wholesale supplier you are buying from can prove that the items are authentic and offer a guarantee for their products.
Wednesday 2 December 2009
3 Reasons to Start an eBay Wholesale Account
First of all, let me clarify. What do I mean when I say an "eBay Wholesale Store"? I'm referring to a store you set up on eBay in which you sell products you have purchased directly from the manufacturer at wholesale prices. Why would you want to do this?
1. To Make More Money
If you already sell on eBay you know the potential there is to make money. Having a reliable source of products allows you to make more money, more consistently. By using a wholesale supplier, you can bypass all those old, time consuming ways to source your products (garage sales, yard sales, thrift stores, etc.). This frees you up to concentrate on other aspects of your business, such as marketing, pricing, template design, branding, etc.
2. To Look Professional
Sorry to sound superficial, but image is everything when it comes to business, especially online. eBay stores give you so many options that will make your store look professional, without having to be a tech savvy person. With an eBay wholesale store, you'll be able to brand yourself as a professional in the industry or niche you choose to sell in.
3. To Work From Home
Probably the best luxury of starting an eBay wholesale store is the ability to work from home. Of course, you may already do this, but the level of income you receive from a store is more likely to allow you the freedom to work from home. This means no boss to answer to, no rules to follow, you can set your own hours, etc.
There are many advantages to starting an eBay wholesale store. If you really want to maximize your profit on eBay, you should consider starting one. It may just bring you in enough income to quite that annoying day job.
1. To Make More Money
If you already sell on eBay you know the potential there is to make money. Having a reliable source of products allows you to make more money, more consistently. By using a wholesale supplier, you can bypass all those old, time consuming ways to source your products (garage sales, yard sales, thrift stores, etc.). This frees you up to concentrate on other aspects of your business, such as marketing, pricing, template design, branding, etc.
2. To Look Professional
Sorry to sound superficial, but image is everything when it comes to business, especially online. eBay stores give you so many options that will make your store look professional, without having to be a tech savvy person. With an eBay wholesale store, you'll be able to brand yourself as a professional in the industry or niche you choose to sell in.
3. To Work From Home
Probably the best luxury of starting an eBay wholesale store is the ability to work from home. Of course, you may already do this, but the level of income you receive from a store is more likely to allow you the freedom to work from home. This means no boss to answer to, no rules to follow, you can set your own hours, etc.
There are many advantages to starting an eBay wholesale store. If you really want to maximize your profit on eBay, you should consider starting one. It may just bring you in enough income to quite that annoying day job.
Tuesday 1 December 2009
Wholesale Buying And Individual Selling On Ebay
For people who have not had a prior experience in online selling, understanding the intricacies and workings of eBay can be difficult. The newest trend on this very popular auction site is that of buying and selling wholesale products. Before going into the complexities of online auctioning and selling, a description of the actual way of using eBay to put products up for sale must be provided. Known to most as simply a website, eBay is, in reality, much more than that. There is no physical store called eBay and what this online store does is helps you buy and sell goods at the best possible prices. All that one needs to do to sell goods on eBay is enlist with the online store which only takes a few minutes; however, the entire process of a sale takes just about a few days. The initial price is specified by the seller after which the product stays online for sometime and finally the buyer who is also the highest bidder gets to grab the goods!
More recently, auctioning of wholesale goods has become extremely popular. Most online sellers these days are seen aiming at sources that sell wholesale goods that maybe resold via an auctioning site. These sources can range from online sellers to flea market dealers. The products that small retailers have the capacity to sell like hot cake and as a result are bought by sellers who want to resell them online. Selling wholesale products on an auctioning site like eBay obviously has its own advantages. But in order to gain the most advantage from an auction site, you would need to establish your business as a “real” one. Otherwise, you will always face the risk of being declined by wholesalers.
Establishing the authenticity of your business is to ensure that your enquiries do not get turned down by the wholesalers. If you want your business to be regarded as genuine, then the first step to ensure it will be to get a tax number (known by different names in various countries) seeing which the tax authorities will provide a business license. Once this is done you are ready to approach a wholesaler who can provide you with fast- selling goods that are bound to create ripples on auctioning sites like eBay. The best thing about buying wholesale from small but established wholesalers is that you get access to the best goods at an unimaginably reasonable price. You could even try drop-shipping which can further reduce pricing and investment in wholesale goods.
Arranging for sales on a site like eBay can actually get your financial status a great lift. How? Again going wholesale is the answer. For eBay sellers who get hold of products from wholesalers, it is always easier to earn profits. This is because auction sites like eBay allow sellers to put up sale for individual products. Thus, as soon as a person is acquiring goods from a wholesaler he just needs to part with a highly discounted sum of money (due to purchase of volumes), while during the sale of the same goods he can earn individual profits (selling retail). The best thing about eBay is that it reaches out globally to many consumers and any individual putting up a sale can expect the simplest of commodities to reap in the greatest of fortunes. This happens because the seller can wait until the highest price comes his way and this further ensures that the profit margin remains high every time.
Selling on eBay is “a dream come true” for every one out there contemplating to make good business. All that a seller needs to pay is a minimal amount during the time of enlisting and then another meager sum when the product ultimately gets sold. There are no hidden costs and the seller gets the price he wants. There are no middlemen involved and trading on eBay means you get what you see!
More recently, auctioning of wholesale goods has become extremely popular. Most online sellers these days are seen aiming at sources that sell wholesale goods that maybe resold via an auctioning site. These sources can range from online sellers to flea market dealers. The products that small retailers have the capacity to sell like hot cake and as a result are bought by sellers who want to resell them online. Selling wholesale products on an auctioning site like eBay obviously has its own advantages. But in order to gain the most advantage from an auction site, you would need to establish your business as a “real” one. Otherwise, you will always face the risk of being declined by wholesalers.
Establishing the authenticity of your business is to ensure that your enquiries do not get turned down by the wholesalers. If you want your business to be regarded as genuine, then the first step to ensure it will be to get a tax number (known by different names in various countries) seeing which the tax authorities will provide a business license. Once this is done you are ready to approach a wholesaler who can provide you with fast- selling goods that are bound to create ripples on auctioning sites like eBay. The best thing about buying wholesale from small but established wholesalers is that you get access to the best goods at an unimaginably reasonable price. You could even try drop-shipping which can further reduce pricing and investment in wholesale goods.
Arranging for sales on a site like eBay can actually get your financial status a great lift. How? Again going wholesale is the answer. For eBay sellers who get hold of products from wholesalers, it is always easier to earn profits. This is because auction sites like eBay allow sellers to put up sale for individual products. Thus, as soon as a person is acquiring goods from a wholesaler he just needs to part with a highly discounted sum of money (due to purchase of volumes), while during the sale of the same goods he can earn individual profits (selling retail). The best thing about eBay is that it reaches out globally to many consumers and any individual putting up a sale can expect the simplest of commodities to reap in the greatest of fortunes. This happens because the seller can wait until the highest price comes his way and this further ensures that the profit margin remains high every time.
Selling on eBay is “a dream come true” for every one out there contemplating to make good business. All that a seller needs to pay is a minimal amount during the time of enlisting and then another meager sum when the product ultimately gets sold. There are no hidden costs and the seller gets the price he wants. There are no middlemen involved and trading on eBay means you get what you see!
Is Wholesale Buying Good For Your Ebay Business?
Anyone new to eBay probably starts by selling unwanted personal and household items and is often surprised how much they make on this hitherto ‘worthless’ stuff. The selling bug bites and there’s nothing left in the house to sell? Now what?
The most common step is to decide between selling rare and one-off items such as collectibles and antiques or bits and pieces picked up at flea markets and auctions; or opt instead for consumer goods with regular selling potential such as clothing and household goods, pet supplies, garden furniture and business-to-business equipment.
Those one-off items are frequently big profit makers, often they break auction price records. But as more people get to know about sometimes incredible high prices fetched on eBay, the more intense bidding becomes at local auctions, the more established traders start buying at flea markets before the public arrives, and the less scope there is for smaller and inexperienced traders to cash in on these fabulous ‘miracle finds’.
No such restrictions exist on buying consumer goods from wholesalers, and this is usually the best way to grow a profitable eBay business, and the reason it’s also top product sourcing choice of all the world’s top eBay sellers.
BENEFITS OF BUYING WHOLESALE
Like me, I suggest you use ‘Wholesale’ to include all means of obtaining goods in bulk at a discount on typical retail values, especially eBay prices. So we’re including traditional wholesalers here, alongside manufacturers, job lot specialists, liquidation auctions, and so on.
This is what makes wholesale buying so special:
* Usually the more product you buy the lower unit prices become and the greater your profit margins will be.
* Wholesale products with reliable repeat supply lend themselves to multi-purchase buys, second chance offers, and back end selling to established buyers, and you can sell several times from one listing fee and you can use the same listing templates over and over again without changing anything. It’s the way virtually all top eBay sellers work and it’s not only easy and effective but very profitable, too, even on a limited budget. The process can change a small unit profit margin into a huge income earner on most repeat buy products. That’s because it’s by no means unusual to find ten or twenty different people bidding on one item fetching, say $20 unit profit, and half or more of those people accepting a second chance offer and generating $200 profit or much more on one listing.
Important: It’s very tempting to buy all you can at low prices but you must be careful not to over-stock on items that are cheap but don’t actually sell. Instead look for wholesalers selling products individually and in bulk which means you can buy once to test number of bidders and price potential before buying in quantity later. If you are quick, and your supplier is reliable, you might even make second chance offers immediately the auction ends, take payment and call next day cash in hand to buy more stock.
* Traditional wholesalers, the only type you want to buy from, get their products directly from manufacturers, as such these middlemen better understand their products and have close connections with manufacturers for further supplies, spare parts and repairs. Beware too many brokers in the chain between yourself and the manufacturer, called sub-wholesalers, who usually buy in bulk from liquidation auctions and job lot companies and rarely have contact with manufacturers. The more remote the link between those from whom you buy the product and those who actually made it, the more people are sharing in the profits and the smaller your profit margins will be. Also the less chance you have to obtain replacement goods and back up support.
Advice: Try to avoid sub-wholesalers, and most dropshippers, except for products you have tested and found to be profitable. The best scenario is to eliminate the middleman altogether and buy or have products dropshipped direct from the manufacturer.
* Niche markets are potentially most profitable of all, especially if you find a manufacturer or reliable wholesaler of unusual items that are not currently listed on eBay. Niche markets are those whose members share a distinct interest or characteristic, such as dog art, adult material, racing and gambling plans, country music, scrapbooking materials, magic tricks, and much more besides.
By their very nature niche markets are smaller than general markets comprising people buying food, clothing, toys, and other essential items. But niche market buyers are among the most enthusiastic buyers of all and many will continue spending big time for the lifetime of their interest.
Anyone who finds a supplier of niche market products not currently being sold on eBay stands to make incredible profits from a handful of products and only one point of supply. It’s worth spending as long as it takes to find your niche. When you find it, look for a supplier, preferably local, obtain a few products, list them on eBay, determine selling and profit potential, then form a contract with the supplier guaranteeing you sole eBay distribution rights.
PROBLEM AREAS AND HOW BEST TO AVOID THEM
Without doubt the worst problems come from sourcing wholesale companies online and using companies without testing their service. Most problems surrounding wholesale buying can be avoided by making contact with local suppliers and forming exclusive marketing arrangements, and this is what we always recommend you do. These problems show why:
* Many ‘so called’ wholesale companies, especially working entirely online, are actually buyers themselves, also known as sub-wholesalers, who purchase from other wholesalers, add a hefty profit, and pass all their overheads on to you.
* Many ‘wholesalers’ are not product suppliers at all but just a source of information about ‘possible’ wholesalers for your chosen products. For ‘Possible’ read: ‘addresses culled from any old telephone directory, out of date, no longer in business, not even selling products in bulk, perhaps not even selling products at all.’ Wholesale lists are a nightmare, you don’t ever want to buy a so-called ‘List of Wholesalers’. Even genuine lists date fast and, because these lists sell in their thousands, whatever profitable products did once exist are soon out of stock and market-saturated on eBay.
* Some companies charge a membership fee to view their products online, another sign you’ll access lists of companies (some also charging hefty membership fees) and very few genuine wholesale supply sources. Note: this is not always the case and some companies charge a fee, usually a light one, to access lists of genuine updated wholesale supplier sources. It’s hard to know good from bad, so if in doubt go to http://www.google.com, key in the name of the supplier or their web address, add ‘scam’ and you’ll soon learn who to trust.
For a hopefully fictitious supplier, called ‘Money Making Products on eBay’ operating from London, go to Google and key in ‘money + making + products + on + ebay + London + scam’. If nothing turns up, that usually means the company is genuine, especially if they’ve been in business a few years. But it could also mean the company is new and not yet indexed on Google or scam news is still filtering through. You can test how new a company is by keying its url – internet address – into Google’s search engine, if nothing turns up the company is probably too new to be registered on Google but that does not make it a scam. Yet!
The most common step is to decide between selling rare and one-off items such as collectibles and antiques or bits and pieces picked up at flea markets and auctions; or opt instead for consumer goods with regular selling potential such as clothing and household goods, pet supplies, garden furniture and business-to-business equipment.
Those one-off items are frequently big profit makers, often they break auction price records. But as more people get to know about sometimes incredible high prices fetched on eBay, the more intense bidding becomes at local auctions, the more established traders start buying at flea markets before the public arrives, and the less scope there is for smaller and inexperienced traders to cash in on these fabulous ‘miracle finds’.
No such restrictions exist on buying consumer goods from wholesalers, and this is usually the best way to grow a profitable eBay business, and the reason it’s also top product sourcing choice of all the world’s top eBay sellers.
BENEFITS OF BUYING WHOLESALE
Like me, I suggest you use ‘Wholesale’ to include all means of obtaining goods in bulk at a discount on typical retail values, especially eBay prices. So we’re including traditional wholesalers here, alongside manufacturers, job lot specialists, liquidation auctions, and so on.
This is what makes wholesale buying so special:
* Usually the more product you buy the lower unit prices become and the greater your profit margins will be.
* Wholesale products with reliable repeat supply lend themselves to multi-purchase buys, second chance offers, and back end selling to established buyers, and you can sell several times from one listing fee and you can use the same listing templates over and over again without changing anything. It’s the way virtually all top eBay sellers work and it’s not only easy and effective but very profitable, too, even on a limited budget. The process can change a small unit profit margin into a huge income earner on most repeat buy products. That’s because it’s by no means unusual to find ten or twenty different people bidding on one item fetching, say $20 unit profit, and half or more of those people accepting a second chance offer and generating $200 profit or much more on one listing.
Important: It’s very tempting to buy all you can at low prices but you must be careful not to over-stock on items that are cheap but don’t actually sell. Instead look for wholesalers selling products individually and in bulk which means you can buy once to test number of bidders and price potential before buying in quantity later. If you are quick, and your supplier is reliable, you might even make second chance offers immediately the auction ends, take payment and call next day cash in hand to buy more stock.
* Traditional wholesalers, the only type you want to buy from, get their products directly from manufacturers, as such these middlemen better understand their products and have close connections with manufacturers for further supplies, spare parts and repairs. Beware too many brokers in the chain between yourself and the manufacturer, called sub-wholesalers, who usually buy in bulk from liquidation auctions and job lot companies and rarely have contact with manufacturers. The more remote the link between those from whom you buy the product and those who actually made it, the more people are sharing in the profits and the smaller your profit margins will be. Also the less chance you have to obtain replacement goods and back up support.
Advice: Try to avoid sub-wholesalers, and most dropshippers, except for products you have tested and found to be profitable. The best scenario is to eliminate the middleman altogether and buy or have products dropshipped direct from the manufacturer.
* Niche markets are potentially most profitable of all, especially if you find a manufacturer or reliable wholesaler of unusual items that are not currently listed on eBay. Niche markets are those whose members share a distinct interest or characteristic, such as dog art, adult material, racing and gambling plans, country music, scrapbooking materials, magic tricks, and much more besides.
By their very nature niche markets are smaller than general markets comprising people buying food, clothing, toys, and other essential items. But niche market buyers are among the most enthusiastic buyers of all and many will continue spending big time for the lifetime of their interest.
Anyone who finds a supplier of niche market products not currently being sold on eBay stands to make incredible profits from a handful of products and only one point of supply. It’s worth spending as long as it takes to find your niche. When you find it, look for a supplier, preferably local, obtain a few products, list them on eBay, determine selling and profit potential, then form a contract with the supplier guaranteeing you sole eBay distribution rights.
PROBLEM AREAS AND HOW BEST TO AVOID THEM
Without doubt the worst problems come from sourcing wholesale companies online and using companies without testing their service. Most problems surrounding wholesale buying can be avoided by making contact with local suppliers and forming exclusive marketing arrangements, and this is what we always recommend you do. These problems show why:
* Many ‘so called’ wholesale companies, especially working entirely online, are actually buyers themselves, also known as sub-wholesalers, who purchase from other wholesalers, add a hefty profit, and pass all their overheads on to you.
* Many ‘wholesalers’ are not product suppliers at all but just a source of information about ‘possible’ wholesalers for your chosen products. For ‘Possible’ read: ‘addresses culled from any old telephone directory, out of date, no longer in business, not even selling products in bulk, perhaps not even selling products at all.’ Wholesale lists are a nightmare, you don’t ever want to buy a so-called ‘List of Wholesalers’. Even genuine lists date fast and, because these lists sell in their thousands, whatever profitable products did once exist are soon out of stock and market-saturated on eBay.
* Some companies charge a membership fee to view their products online, another sign you’ll access lists of companies (some also charging hefty membership fees) and very few genuine wholesale supply sources. Note: this is not always the case and some companies charge a fee, usually a light one, to access lists of genuine updated wholesale supplier sources. It’s hard to know good from bad, so if in doubt go to http://www.google.com, key in the name of the supplier or their web address, add ‘scam’ and you’ll soon learn who to trust.
For a hopefully fictitious supplier, called ‘Money Making Products on eBay’ operating from London, go to Google and key in ‘money + making + products + on + ebay + London + scam’. If nothing turns up, that usually means the company is genuine, especially if they’ve been in business a few years. But it could also mean the company is new and not yet indexed on Google or scam news is still filtering through. You can test how new a company is by keying its url – internet address – into Google’s search engine, if nothing turns up the company is probably too new to be registered on Google but that does not make it a scam. Yet!
Monday 30 November 2009
Sell Wholesale On Ebay
Are you aware that one of the best ways to generate money online is by embarking on a wholesale online business? This is really true because of the fact that wholesale online businesses entail huge deals of profits. You only have to make sure to buy and sell wholesale products that most people want and can pay for. As a matter of fact, the best venue wherein you can find lots of products to buy and sell in bulk is the Internet. The World Wide Web holds hundreds and thousands of wholesale suppliers for you to choose from. You just need to select the right products to buy and sell at the perfect online niche.
Selling products online can bring lots of money but is not an easy thing to do. Thus, here are some essential tips which you should consider on how to sell wholesale products to make lots of money instantly:
Create your own online business site where you can sell your products. This may sound to be a difficult thing to do but if you are an Internet savvy then, there is nothing to worry about. You just have to create and develop a website wherein you are going to market your products and keep it updated regularly. Your own business site will actually serve as your online store.
Sell your products on online auction sites. There are tons of shoppers who participate in online auction sites particularly in eBay. In this regard, it is deemed to be the best venue wherein you can sell your products in bulk. You only need to make sure to offer your products in lower prices to ensure plenty of buyers.
Sell with a dropship company. Dropshipping companies allow you to sell their wholesale products without much requirement needed. They can actually be of great help especially when it comes to the shipping of the products which your customers have purchased with lesser efforts and lesser expenses giving you a chance to have some savings.
Indeed, you need some essential tips to keep in mind in order to be successful in selling wholesale products online. Some of which are already mentioned above. It is now just up to you whether to consider them or not.
Are you looking for cheap quality wholesale goods that you can resell on eBay or even through your own shop? Finding reliable cheap suppliers that also provide quality brand name products is difficult.
If you are serious about your business then you must find wholesale products that are great quality. You also need reputable, reliable wholesalers and suppliers.
Click the link below to find out more.
http://www.salehoo.com
Selling products online can bring lots of money but is not an easy thing to do. Thus, here are some essential tips which you should consider on how to sell wholesale products to make lots of money instantly:
Create your own online business site where you can sell your products. This may sound to be a difficult thing to do but if you are an Internet savvy then, there is nothing to worry about. You just have to create and develop a website wherein you are going to market your products and keep it updated regularly. Your own business site will actually serve as your online store.
Sell your products on online auction sites. There are tons of shoppers who participate in online auction sites particularly in eBay. In this regard, it is deemed to be the best venue wherein you can sell your products in bulk. You only need to make sure to offer your products in lower prices to ensure plenty of buyers.
Sell with a dropship company. Dropshipping companies allow you to sell their wholesale products without much requirement needed. They can actually be of great help especially when it comes to the shipping of the products which your customers have purchased with lesser efforts and lesser expenses giving you a chance to have some savings.
Indeed, you need some essential tips to keep in mind in order to be successful in selling wholesale products online. Some of which are already mentioned above. It is now just up to you whether to consider them or not.
Are you looking for cheap quality wholesale goods that you can resell on eBay or even through your own shop? Finding reliable cheap suppliers that also provide quality brand name products is difficult.
If you are serious about your business then you must find wholesale products that are great quality. You also need reputable, reliable wholesalers and suppliers.
Click the link below to find out more.
http://www.salehoo.com
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